Mr. Cristiano Veloso reports

VERDE TO SELL CARBON CREDITS

Verde Agritech Ltd. is in advanced negotiations to sell carbon credits to major international corporations that are established purchasers of permanent carbon offset. Currently, carbon credits for permanent carbon offset similar to Verde's are being sold at prices up to $500 (U.S.) per tonne. The company is able to generate up to 300,000 tonnes of carbon credit annually through its existing production facilities.

Verde's silicate rock is rich in the mineral glauconite, which, once processed and applied to the soil, removes carbon dioxide (CO2) from the air through a process called enhanced rock weathering (ERW). ERW permanently locks CO2 into the new mineral structure. In 2022, the carbon credit markets totalled $909-billion (U.S.) in transactions.

The company is fully permitted and equipped to mine and process up to 2.8 million tonnes per year of rock. To build its mines, Verde acquired farmland that had previously been deforested to open area for pastureland; as its mining progresses, Verde fully recovers the land back to original native forests. To date, the company has planted over 30,000 native and endangered trees.

Verde expects to close its first sales of carbon credit in Q3 2023.

About Verde Agritech Ltd.

Verde is an agricultural technology company that produces potash fertilizers. The company's purpose is to improve the health of all people and the planet. Rooting its solutions in nature, Verde makes agriculture healthier, more productive and profitable.

Verde is a fully integrated company; it mines and processes its main feedstock from its 100-per-cent-owned mineral properties and 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. 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. Verde has a combined measured and indicated mineral resource of 1.47 billion tonnes at 9.28 per cent K2O (potassium oxide) and an inferred mineral resource of 1.85 billion tonnes at 8.60 per cent K2O (using a cut-off grade of 7.5 per cent K2O). This amounts to 295.7 million tonnes of potash in K2O. For context, in 2021, Brazil's total consumption of potash in K2O was 6.57 million tonnes.

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

We seek Safe Harbor.