Mr. James Vanasek reports

CERES ANNOUNCES MANAGEMENT CHANGE

Carlos Paz has resigned as the president, chief executive officer and a director of Ceres Global Ag Corp., effective Dec. 31, 2024, to pursue an alternative opportunity.

"We thank Carlos for leading the corporation since August, 2022, and for his prior contributions as vice-president and commercial director," commented James Vanasek, chairman of the board of directors of the corporation. "Carlos has played an important role in positioning the corporation for future growth, and we wish him all the best in his future endeavours."

The board has appointed Tom Coyle as interim president and chief executive officer, effective Jan. 1, 2025. Mr. Coyle serves as an adviser to the board, and previously served on the board as a director between October, 2022, and March, 2023. Mr. Coyle brings over 45 years of experience working in agriculture to Ceres's management team in the areas of operations, trading, business development, administration and management. The board is confident that Mr. Coyle is well positioned to lead Ceres, advance the corporation's strategic initiatives and oversee day-to-day operations of the corporation while the board engages in a process to identify a permanent chief executive officer.

About Ceres Global Ag Corp.

Ceres and its subsidiaries add value across agricultural, energy and industrial supply chains through efficient sourcing, storing, transporting and marketing of high-quality agricultural commodities, value-added products and raw materials. Leveraging its network of commodity logistics centres and team of industry experts, Ceres connects farmers to customers around the world.

Ceres is headquartered in Golden Valley, Minn., and, together with its affiliated companies, operates 11 locations across Saskatchewan, Manitoba and Minnesota. These facilities have an aggregate grain and oilseed storage capacity of approximately 29 million bushels. The corporation also owns membership interests in three agricultural joint ventures that have an aggregate grain and oilseed storage capacity of approximately 16 million bushels.

Ceres has a 50-per-cent interest in Savage Riverport LLC (a joint venture with Consolidated Grain and Barge Co.), a 50-per-cent interest in Berthold Farmers Elevator LLC (a joint venture with The Berthold Farmers Elevator Company), a 50-per-cent interest in Farmers Grain LLC (a joint venture with Farmer's Cooperative Grain and Seed Association), a 50-per-cent interest in Gateway Energy Terminal (an unincorporated joint venture with Steel Reef Infrastructure Corp.) and a 25-per-cent interest in Stewart Southern Railway Inc. (a short-line railway located in southeastern Saskatchewan with a range of 130 kilometres).

We seek Safe Harbor.