Mr. Agustin Aldave reports

AGRINAM ACQUISITION CORPORATION CONFIRMS EXTENSION TO PERMITTED TIMELINE AND REPORTS RESULTS OF SPECIAL MEETING OF SHAREHOLDERS

Agrinam Acquisition Corp. has exercised its three-month extension option to extend its permitted timeline by depositing an additional $400,000 (U.S.) in cash into escrow and extended its permitted timeline to complete a qualifying acquisition to Dec. 15, 2023. The extension occurred following approval by the shareholders of the company of a special resolution to amend the amended and restated articles of the company at a special meeting of the holders of Class A restricted voting shares of the company and Class B shares of the company held on Sept. 14, 2023.

The amendment to the articles provided for an amendment to the definition of a three-month extension option contained in Section 28.2 of the articles in order to permit the company to deposit an aggregate of $400,000 (U.S.) in cash into the escrow account instead of 10 U.S. cents per Class A restricted voting share each time the company wishes to exercise a three-month extension option to extend the permitted timeline within which the company must consummate its qualifying acquisition by three months (from 15 months up to 18 months and from 18 months up to 21 months), up to a maximum of two successive three-month periods.

At the meeting, a total of 9,079,106 of the votes, or 81.3 per cent of the votes cast at the meeting by holders of Class A restricted voting shares present or represented by proxy were cast in favour of the special resolution. Additionally, a total of 12,494,607 votes, or 90.15 per cent of the votes cast at the meeting by holders of Class A restricted voting shares and by holders of Class B shares, voting as a single class, were cast in favour of the special resolution. The special resolution was to be passed by: (a) at least two-thirds of the votes cast at the meeting by holders of Class A restricted voting shares present or represented by proxy and entitled to vote at the meeting; and (b) at least two-thirds of the votes cast at the meeting by holders of Class A restricted voting shares and by holders of Class B shares, voting as a single class present or represented by proxy and entitled to vote at the meeting. Details of the voting results will be filed under the company's profile on SEDAR+.

About Agrinam Acquisition Corp.

Agrinam Acquisition is a special-purpose acquisition corporation incorporated under the laws of the Province of British Columbia for the purpose of effecting, directly or indirectly, an acquisition of one or more businesses or assets, by way of a merger, amalgamation, arrangement, share exchange, asset acquisition, share purchase, reorganization or any other similar business combination within a specified period of time.