An anonymous director reports

VERDE ANNOUNCES RESULTS OF THE 2023 ANNUAL GENERAL MEETING OF SHAREHOLDERS

Verde Agritech Ltd. held its annual general meeting of shareholders on Thursday, June 22, 2023, at 16 Collyer Quay, No. 17-00, Singapore, and its shareholders approved all items put before them.

The results were as shown in the attached table.

At 86 years old, Mr. Alysson Paolinelli retired pursuant to the Company's Constitution and did not seek for re-election. Verde's Board expressed its appreciation to Mr. Alysson Paolinelli for his valuable contribution to the Board and the Company during his tenure, serving as a director of the Verde for over 09 years.

About Verde AgriTech

Verde is an agricultural technology Company that produces potash fertilizers. Our purpose is to improve the health of all people and the planet. Rooting our solutions in nature, we make agriculture healthier, more productive, and profitable.

Verde is a fully integrated Company: it mines and processes its main feedstock from its 100% owned mineral properties, then sells and distributes the Product.

Verde's focus on research and development has resulted in one patent and eight patents pending. Among its proprietary technologies are Cambridge Tech, 3D Alliance, MicroS Technology, N Keeper, and Bio Revolution.1 Currently, the Company is fully licensed to produce up to 2.8 million tonnes per year of its multinutrient potassium fertilizers K Forte and BAKS, sold internationally as Super Greensand. In 2022, it became Brazil's largest potash producer by capacity.2 Verde has a combined measured and indicated mineral resource of 1.47 billion tonnes at 9.28% K2O and an inferred mineral resource of 1.85 billion tonnes at 8.60% K2O (using a 7.5% K2O cut-off grade).3 This amounts to 295.70 million tonnes of potash in K2O. For context, in 2021 Brazil's total consumption of potash in K2O was 6.57 million4.

Brazil ranks second in global potash demand and is its single largest importer, currently depending on external sources for over 97% of its potash needs. In 2022, potash accounted for approximately 3% of all Brazilian imports by dollar value.5

1 Learn more about our technologies on the company's website.

2 See the release on the company's website.

3 As per the National Instrument 43-101 Standards of Disclosure for Mineral Projects within Canada ("NI 43 -101"), filed on SEDAR in 2017. See the Pre-Feasibility Study on the company's website.

4 Source: Brazilian Fertilizer Mixers Association (from "Associacao Misturadores de Adubo do Brasil", in Portuguese).

5 Source: Brazilian Comex Stat, available on the Comex Stat website.