Mr. Sebastien Plouffe reports

AFFINOR GROWERS SIGNS DEFINITIVE AGREEMENT TO LICENSE VERTICAL GROWING TECHNOLOGY TO GEONOVUS

Affinor Growers Inc. will sublicense its patented food growing technology, licensed from Vertical Design Ltd. previously announced on Oct. 22, 2014, to GeoNovus Minerals Corp. giving it access to the agricultural marketplace. This marks the start of Affinor's plan to sublicense the technology around the world, to the exclusion of Ontario, Alberta and the Maritimes. This agreement will give GeoNovus access to innovative, fully sustainable and complete growing solutions, which are the result of over 12 years of R&D based on predecessor systems, prototypes and significant third party validation. GeoNovus will be sublicensed to use these enhanced farming methods including the proprietary mechanical pollination system, to grow various crops year-round, indoors regardless of seasonality with near-zero water waste.

Under the agreement, Affinor is sublicensing a vertical growing technology to GeoNovus for a facility in Langley, B.C., as well as in Uruguay, in exchange for six million common shares of GeoNovus on signature of the agreement, and another six million common shares in six months following the signature of the agreement, subject to regulatory approval. GeoNovus will also pay a royalty of 3 per cent to Affinor on all of its net sales. Pursuant to the agreement, Affinor will act as a consultant to GeoNovus by bringing its expertise to implement the technology and making this project a success for all parties.

GeoNovus president Mike England stated: "This licensing agreement will allow GeoNovus access to one of the world's most advanced and potentially profitable vertical farming systems. This technology complements our current Uruguayan operations and opens up tremendous potential within the multibillion-dollar agricultural market place." Nick Brusatore, chairman, commented: "We are thrilled to see our food model to emerge and partnering with GeoNovus and providing them with an exclusive licence for our vertical growing technology in Uruguay and in Langley, B.C. Not only does this give Affinor a potential royalty stream from GeoNovus's future vertical growing operations but will also provide valuable testing and data from world-class scientific facilities in Uruguay while opening up the Mercosur region for future business."

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