Mr. Peter Hoyle reports

ARGO LIVING SOILS CORP. ADVANCES TOWARDS MOU WITH MALAYSIAN-BASED CONNECTIVE GLOBAL

Further to its news release dated March 5, 2024, Argo Living Soils Corp. has made additional progress toward finalizing a memorandum of understanding with Connective Global Sdn. Bhd., a Malaysian-based company. The MOU aims to establish a strategic partnership between the two entities.

Both Argo and Connective Global have identified synergies in various collaborative opportunities and initiatives within the organic agricultural solutions sector.

Connective Global's operations in Malaysia encompass the manufacturing and distribution of organic fertilizers, agricultural products and a variety of food items in Southeast Asia. Connective Global is committed to delivering environmentally sustainable products and services to the region, while Argo remains committed to expanding its market for organic fertilizer products, leveraging its expertise and proprietary processes and extending its distribution network. The proposed MOU seeks to align Argo's business plan with Connective Global's existing operations by establishing an initial presence in Southeast Asia for Argo such that Argo will have an opportunity to work with Connective Global to research, develop and test organic fertilizer products tailored for distribution in Southeast Asia and the Middle East.

The primary focus of the proposed MOU will involve the establishment of a biochar research and development phase to be conducted at a pre-existing pilot plant in Malaysia secured by Connective Global during this initial collaboration. If the pilot plant testing and research and development phase is successful, Argo and Connective Global aim to focus additional efforts on combining Argo's manufacturing expertise and proprietary processes in biochar production with Connective Global's proficiency in producing organic fertilizers and agricultural products, to create biochar-enhanced fertilizer products that target the Malaysian market and certain other markets in Asia.

Peter Hoyle, chief executive officer of Argo, commented: "Establishing a presence in Southeast Asia has the potential to provide Argo access to markets in the Middle East, including Saudi Arabia, a significant trading partner for Malaysia. Biochar's ability to hold moisture and enhance soil makes it an ideal component for initiatives to transform unusable arid and desert areas into productive land."

Continuing discussions with Connective Global aim to further diversify Argo's portfolio of environmentally sustainable products and services. As at the date of this news release, the MOU has not been completed or executed, and there is no guarantee that the MOU will proceed as outlined herein. The MOU remains subject to negotiation and execution of definitive documentation acceptable to both parties, which may or may not be completed. Updates on this partnership will be provided in the coming weeks.

About Argo Living Soils Corp.

The company specializes in producing and developing organic products, including soil amendments, living soils, biofertilizers, and 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. In 2023, Argo entered into an exclusive marketing arrangement with Canadian AgriChar Inc. selling its Char+ products.

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