Mr. Nick Brusatore reports

B.C. SUPREME COURT APPROVES SETTLEMENT AGREEMENT IN CLASS ACTION PROCEEDINGS

Further to Affinor Growers Inc.'s news releases dated Aug. 2, 2019, and Aug. 26, 2023, the B.C. Supreme Court has certified the claims against the company for settlement purposes only and approved the settlement agreement with the class plaintiffs of the putative class proceedings, Tietz and others v. Bridgemark Financial and others, filed against it and two officers of the company in 2019.

The settlement was made without any admission of liability by the company. The company and other settling parties have agreed to pay an aggregate of $1.34-million for the benefit of the class members. Affinor's share of the settlement payment will be paid by its insurer. A copy of the settlement agreement is available at the company's profile on SEDAR+.

About Affinor Growers Inc.

Affinor is a publicly traded company listed on the Canadian Securities Exchange under the symbol AFI and on the OTCQB under the symbol RSSFF. Affinor is focused on developing vertical farming technologies and using those technologies to grow fruits and vegetables in a sustainable manner.

We seek Safe Harbor.