Mr. Peter Hoyle reports

ARGO LIVING SOILS CORP. TO FINALIZE 10 YEAR LICENSING AGREEMENT AND ENTERS INTO DISCUSSION WITH MALAYSIAN COMPANY

Argo Living Soils Corp. will be finalizing the 10-year licensing agreement with Canadian AgriChar Inc. (CAI) by issuing the second and final tranche of shares (see the news release issued on Sept. 28, 2023). Argo has also entered into discussions with Connective Global Sdn. Bhd., a Malaysian-based company.

10-year licensing agreement with Canadian AgriChar

Argo will be completing the payment terms and securing the exclusive licencing agreement rights to CAI's proprietary products, including all of the Char+ biochar and biochar-enhanced products. Argo is poised to receive a percentage of revenues generated from Char+ biochar and biochar-enhanced product sales.

CAI stands at the forefront of biochar product development, harnessing proprietary techniques to create biochar materials, which serve to maximize organic plant growth.

The organic fertilizer market, valued at $8.2-billion (U.S.) in 2019, is anticipated to reach $18.81-billion (U.S.) by 2027, experiencing a CAGR (compound annual growth rate) of 11.80 per cent from 2020 to 2027. This market segment focuses on natural and sustainable alternatives to conventional chemical fertilizers, driven by increasing consumer demand for organic produce and growing concerns about soil degradation.

The licensing agreement with CAI marks a substantial milestone for Argo, further fortifying its strategic foundation in the development, marketing and distribution of a diverse range of natural and organic fertilizers. Commenting on the transaction, Peter Hoyle, Argo's chief executive officer, added: "Our strategic plan to deliver environmentally sustainable products and services to the organic fertilizer market is advancing. Originating from our roots in developing, manufacturing and distributing organic fertilizers and soil enhancers, we are pleased to complete our licensing agreement with CAI."

Discussions with Connective Global

Mr. Hoyle also noted: "We are pleased to announce our ongoing discussions with Connective Global Sdn. Bhd. We are actively exploring multiple opportunities and initiatives connected to the production of organic solutions for agriculture, progressing toward a memorandum of understanding (MOU) which would delineate our potential strategic partnership. We anticipate finalizing the MOU shortly."

Connective Global, whose services include organic fertilizer trading, founded by a seasoned group of entrepreneurs with diverse experiences in food distribution and agricultural products in Southeast Asia, focuses on environmentally sustainable products and services across that region.

The continuing discussions with Connective Global aim to further broaden Argo's environmentally sustainable products and services portfolio. Argo anticipates providing additional updates in the weeks to come.

About Argo Living Soils Corp.

The company specializes in producing and developing organic products, including soil amendments, living soils, biofertilizers, vermicompost and compost extracts formulated specifically for high-value crops. The company's vision and overall business plan are to create an established brand of organic and/or environmentally friendly products. The company was founded in 2018, and its production facilities have been expanded and relocated to Duncan, B.C., in a joint venture with Pacific Composting.

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