Mr. Nick Brusatore reports

AFFINOR GROWERS ANNOUNCES CLOSING OF UNIT FINANCING

Affinor Growers Inc., further to its news release dated April 26, 2024, has completed a non-brokered private placement of 700,000 units of the company at a price of seven cents per unit for gross proceeds of $49,000. 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 additional share at a price of 10 cents per warrant share for a period of 24 months from the date of distribution. The company intends to use the net proceeds from the offering for administration fees and the production and development of strawberries. In connection with the offering, the company paid cash finders' fees in the amount of $3,920 to eligible finders.

The sole subscriber in the offering was a corporation wholly owned by a shareholder of the company, who beneficially owns more than 10 per cent of the company's issued and outstanding shares. The insider's participation in the offering constitutes a related party transaction as defined in Multilateral Instrument 61-101, Protection of Minority Securityholders in Special Transactions. The company is relying on the exemption from the valuation requirement and minority approval pursuant to subsections 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, for the insider's participation in the offering, as the value of the units subscribed for does not represent more than 25 per cent of the company's market capitalization, as determined in accordance with MI 61-101.

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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