Mr. Nick Brusatore reports

AFFINOR GROWERS ANNOUNCES CLOSES UNIT FINANCING AND DEBT SETTLEMENT

Affinor Growers Inc., further to its news releases dated Jan. 9, Jan. 16 and Jan. 24, has completed a non-brokered private placement of one million units of the company at a price of eight cents per unit for aggregate gross proceeds of $80,000. Each unit consists of one common share in the capital of the company and one share purchase warrant. Each warrant entitles the holder thereof to acquire one share at a price of 10 cents per warrant share for a period of 24 months from the closing date of the offering. The company intends to use the proceeds raised from the offering for the production and development of strawberries.

In connection with closing of the offering, the company paid cash finder's fees in the amount of $4,000 to an eligible finder and issued the same finder 50,000 non-transferable share purchase warrants, with each finder's warrant exercisable into a share for a period of 24 months from the date of issuance at a price of 10 cents per share.

Additionally, the company has settled an aggregate of $610,889 of debt owed to eight creditors of the company. In settlement of the debt, the company issued an aggregate of 7,636,111 units at a deemed price of eight cents per settlement unit.

One of the creditors was an officer and director of the company, and a second creditor was a corporation wholly owned by an officer and director of the company (together, the insiders). The insiders were issued an aggregate of 5,723,887 settlement units to settle $457,911 in debt. The issuances of the settlement units to the insiders constitute related-party transactions as defined in Multilateral Instrument 61-101 -- Protection of Minority Securityholders in Special Transactions (MI 61-101). The company is relying on the exemption from valuation requirement and minority approval pursuant to subsections 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, for the debt settlement with the insiders, as the deemed value of the settlement units does not represent more than 25 per cent of the company's market capitalization, as determined in accordance with MI 61-101.

All securities issued in connection with the offering and the debt settlement are subject to a statutory hold period of four months and one day following the date of issuance, in accordance with applicable Canadian securities laws.

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.

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