Company Website: https://aggrowth.com
WINNIPEG, Manitoba -- (Business Wire)

Ag Growth International Inc. (TSX: AFN) ("AGI" or the "Company") is pleased to announce that its Board of Directors (the "Board") has appointed Steve Sommerfeld to the Board, effective immediately. To facilitate this Board appointment, Corrine Ricard graciously agreed to resign from the Board. AGI thanks Ms. Ricard for her contributions and support during this restructuring process.

Mr. Sommerfeld is a Chartered Professional Accountant (CA) with more than 25 years of financial and business experience in international organizations across multiple industries. Mr. Sommerfeld holds a Bachelor of Commerce degree from the University of Saskatchewan, is a member of the Institute of Chartered Accountants of Saskatchewan and currently serves as the Chief Financial Officer of Tundra Oil & Gas Ltd., a wholly owned subsidiary of Winnipeg-based James Richardson & Sons Limited. Mr. Sommerfeld previously served as the Chief Financial Officer and Executive Vice President of AGI for 23 years until his departure in 2020. Mr. Sommerfeld’s financial and accounting expertise, his extensive knowledge of the agricultural industry and his prior involvement as a senior officer with AGI during its formative years will be invaluable as AGI renews its focus on operational excellence and improving shareholder returns.

AGI Company Profile

AGI is a provider of the equipment and solutions required to support the efficient storage, transport, and processing of food globally. AGI has manufacturing facilities in Canada, the United States, Brazil, India, France, and Italy and distributes its product worldwide.

Forward-Looking Statements

This news release contains "forward-looking information" within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). All information contained herein that is not clearly historical in nature may constitute forward-looking statements. In some cases, forward-looking statements can be identified by words or phrases such as "may", "will", "expect", "plan", "anticipate", "intend", "potential", "estimate", "believe" or the negative of these terms, or other similar expressions intended to identify forward-looking statements. Some of the forward-looking statements contained in this press release include statements relating to the directors of AGI who will not stand for reelection at AGI's annual shareholder meeting in 2026, the newly appointed directors, their anticipated skillsets and the impact on AGI, AGI's repositioning for the future and its renewed focus on operational excellence and improving shareholder returns. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive risks, uncertainties and contingencies that may cause the financial results or achievements to be materially different from the results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. Forward-looking information involves significant risks and uncertainties. A number of factors could cause actual results to differ materially from results discussed in the forward-looking information, which include but are not limited to the risks and uncertainties relating to leadership changes and other material risks applicable to the Company, a discussion of which can be found in the Company's most recent Management's Discussion and Analysis and Annual Information Form under the heading "Risks and Uncertainties", each of which have been filed on SEDAR+ and can be accessed at www.sedarplus.ca. The forward- looking information included in this news release is made as of the date of this news release and, except as required by law, AGI disclaims any obligation to update or revise any forward- looking statements. Readers are cautioned not to put undue reliance on these forward-looking statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260302088914/en/

Contacts:

For More Information Contact:

Daniel Halyk
Chair of the Board 403-216-3921
investor-relations@aggrowth.com

Source: Ag Growth International Inc.