Mr. Aaron Archibald reports

CO2 GRO INC. ANNOUNCES THE COMMISSIONING OF ITS LARGEST GLOBAL COMMERCIAL PROJECT WITH HIDROEXPO

CO2 Gro Inc. has successfully installed and commissioned its largest commercial project to date at Hidroexpo's greenhouse complex in El Salvador.

This six-hectare (642,000-square-foot) block expansion marks a major milestone in scaling the company's state-of-the-art aqueous CO2 (carbon dioxide) enrichment technology. It will enrich the yield and quality of the production of red, orange and yellow bell peppers.

Valued at approximately $1-million, this project was finalized under a PFU (pay-for-use) contract announced earlier on June 20, 2023, evidencing Hidroexpo's confidence in CO2 Gro's aqueous CO2 enrichment technology.

The system integrates advanced features such as misting and infusion system, and a dynamic monitoring and control system, all controlled via an on-line digital dashboard for unparalleled efficiency and ease of use.

This partnership has been fortified by a commercial contract after previous seasons' data showcased a 20%-30% increase in production. The enhanced yield is destined for sale across the United States.

Rodrigo Martinez, General Manager of Hidroexpo shared his enthusiasm for the project:

"We are very excited to begin using CO2 Gro's C-stainable crop enhancement technology on a wider scale than we have the past two seasons. The installation, undertaken by our maintenance crew with CO2 Gro's project management team's support, exemplifies the high-tech evolution of the system. Its continual development impresses us, instilling confidence in the promised benefits and future optimization through increasingly valuable real-time data."

Aaron Archibald, CO2 Gro's vice-president of sales, reflected on the partnership:

"Hidroexpo has been a fantastic customer and partner, contributing significantly to our development. Their expertise in greenhouse irrigation systems has been invaluable in refining our technology's installation processes. This supportive customer-partner relationship is crucial for our growth as we aim to continue scaling our technology's application within Hidroexpo's greenhouse complex and leveraging this scale-up experience in other commercial projects.

"The completion of this project not only underscores CO2 Gro's technological leadership but also reinforces its commitment to sustainable agriculture and productivity enhancement. It stands as a testament to the potential for our innovative precision ag technology to revolutionize the protected agricultural industry, promising increased yields, profitability and environmental sustainability."

About CO2 Gro Inc.

CO2 Gro is a precision ag-tech, clean-tech company with a focus on people, the planet and prosperity. Its vision is to become one of the leading companies enhancing global food production from protected agriculture. By helping its customers sustainably increase yield and profitability, it could help feed up to half a billion people worldwide while reducing its customers' ecological footprint.

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