Mr. Cristiano Veloso reports

VERDE AGRITECH BOARD APPROVES ACCELERATED PLAN FOR DISTRICT SCALE RARE EARTHS DISCOVERY

Verde Agritech Ltd.'s board of directors has concluded a detailed review of its recent new district-scale rare earths discovery (see press release dated Oct. 6, 2025), alongside a review of continuing fertilizer operations and feedback from management and shareholders. Following this assessment, the board has approved an accelerated, cost-efficient development plan for this new project, officially named the Minas Americas Global Alliance rare earths project.

In addition, the board has identified several project milestones and approved plans to finance near-term exploration plans, without compromising the company's low-carbon specialty fertilizer business.

Coming milestones for the project:

• Complete mobilization -- third drill rig expected at site the week of Oct. 20;
• Confirm ionic clay mineralization with summary of ionic adsorption diagnostics, together with full leachate impurity and radiological screening (Q4 2025);
• Provide update on initial drilling (Q4 2025);
• Complete initial drilling and additional trenching; release assay results (Q4 2025);
• Release ANSTO recovery test (Q1 2026);
• Publish maiden National Instrument 43-101 mineral resource estimate (MRE) (Q1 2026);
• Publish preliminary economic assessment (PEA) to demonstrate economics (mid-2026).

"Company-owned rigs are now turning, with a third rig mobilizing shortly. Our in-house lab is fast-tracking metallurgical test work while leading external laboratories conduct independent validation," commented Cristiano Veloso, founder and chief executive officer. "This is the same team that built and operated two mines and two industrial plants in the same region in Brazil -- an execution advantage we intend to leverage. We expect to confirm the project's ionic clay mineralization and report initial drilling in Q4 2025, followed by a maiden mineral resource estimate and a preliminary economic assessment in the first half of 2026. These programs are supported by our current liquidity -- approximately $11.5-million in cash and receivables -- and disciplined capital allocation. We will let the data lead and remain focused on creating value for our shareholders."

Project financing

Verde is fully financed to execute the initial project work program while continuing its fertilizer operations, with approximately $11.5-million in cash and receivables on hand, as of the date of this release.

Rare earths discovery summary

On Oct. 6, 2025, Verde reported a continuous, clay-hosted, rare-earth-mineralized zone spanning approximately 5,500 hectares across 13 mineral rights in Alto Paranaiba, Minas Gerais, Brazil. The zone was delineated through integrated mapping, geochemistry, geophysics and confirmed by trench sampling. Highlight assays include up to 8,930 parts per million TREO (total rare earth oxides) and up to 2,182 ppm MREO (magnet rare earth oxides), with 75 surface/trench samples averaging 743 ppm MREO (54 out of 75 greater than or equal to 400 ppm; 22 out of 75 greater than or equal to 1,000 ppm). Samples show a strong NdPr (neodymium-praseodymium) component (averaging approximately 19 per cent of TREO, up to 24 per cent) and the strong presence of dysprosium and terbium -- attributes aligned with high-performance magnet applications in EVs (electric vehicles), robots and wind power.

About Verde Agritech Ltd.

Verde Agritech is dedicated to advancing sustainable agriculture through the innovation of specialty multinutrient potassium fertilizers. Verde Agritech's mission is to increase agricultural productivity, enhance soil health and significantly contribute to environmental sustainability. Utilizing its unique position in Brazil, Verde Agritech harnesses proprietary technologies to develop solutions that not only meet the immediate needs of farmers but also address global challenges such as food security and climate change. Verde Agritech's commitment to carbon capture and the production of eco-friendly fertilizers underscores the company's vision for a future where agriculture contributes positively to the health of the planet.

We seek Safe Harbor.