Mr. Cristiano Veloso reports

VERDE AGRITECH COMMENCES DRILLING AT DISTRICT SCALE CLAY HOSTED RARE EARTHS DISCOVERY IN MINAS GERAIS, BRAZIL

Drilling commenced on Oct. 7, 2025, at Verde Agritech Ltd.'s district-scale, clay-hosted rare earth discovery in Alto Paranaiba, Minas Gerais, Brazil. A second rig is scheduled to arrive on Oct. 11, 2025, with a third rig expected to mobilize on or about Oct. 24, 2025, enabling a three-rig program in the near term.

Program highlights:

• Three-drill-rig program: drilling commenced Oct. 7, 2025, second drill rig expected on site Oct. 11, 2025, and last drill rig expected in two weeks;
• Fast-track objective: quickly define highest-quality resources to determine the fastest viable path to production; phase 2 drilling will expand on current drilling to delineate the full potential of the land package;
• Metallurgy: ionic adsorption confirmation and flow sheet testwork are under way, with confirmation targeted for fourth quarter 2025;
• Next step: board assessment, including naming of project and expected milestones to be released Oct. 14, 2025.

"Over the past 15 years, we've established, in this region of Minas Gerais, the right team and equipment, lab capacity, including power and road infrastructure, to advance our projects quickly," commented Cristiano Veloso, founder and chief executive officer. "Building on the recently announced district-scale discovery -- characterized by high TREO and magnet grade MREO, with a strong NdPr share and consistent Dy/Tb in the highest-grade samples -- we are accelerating this new rare earths project in a disciplined, cash-efficient way that does not compromise our low-carbon fertilizer business."

Project accelerated timeline

The project's mineralized zone lies within concessions that form part of Verde's long-held potash property package, where the company has operated for over 15 years -- a platform that materially reduces start-up friction, specifically as it related to:

1. People: in-house, multidisciplinary teams ready for mapping, sampling and drilling; rapid field to decision cadence;
2. Equipment: drill rigs, vehicles, field equipment and integrated information technology systems for fast data capture;
3. Laboratory: Verde's lab supports sample preparation, scout assays and metallurgical screening in parallel with external labs -- shortening cycles and derisking flow sheet choices;
4. Execution experience: in the same region, Verde has brought two mines into production and built two large-scale industrial plants that are operating today;
5. Regional infrastructure: roads, bridges and high voltage power to site have been significantly upgraded by Verde, avoiding years of typical infrastructure lead time.

Next steps

On Oct. 14, 2025, Verde plans to publish a comprehensive board assessment that includes the program's formal name and a clear milestone map.

Rare earth discovery

Verde recently reported a continuous, clay-hosted rare earth mineralized zone covering approximately 5,500 hectares across 13 mineral rights, delineated by integrated mapping, geochemistry and geophysics and confirmed by trench sampling (see press release dated Oct. 6, 2025). Highlight assays include up to 8,930 parts per million total rare earth oxides and up to 2,182 ppm mixed rare earth oxides; 75 trench/surface samples average 743 ppm MREO. Samples are neodymium-praseodymium-rich (averaging approximately 19 per cent of TREO, peaking at 24 per cent) with high-grade dysprosium and terbium present -- attributes aligned to magnet grade applications in electric vehicles and wind turbines.

Technical notes, quality assurance/quality control and qualified person

The scientific and technical information in this release is consistent with Verde's Oct. 6, 2025, discovery disclosure, including laboratories (SGS Geosol), methods and QA/QC insertion rates (blanks/CRMs/duplicates). The scientific and technical information was reviewed and approved by Jose Marcio Matta Machado Paixao, fellow of AusIMM, a qualified person under National Instrument 43 101.

About Verde Agritech Ltd.

Verde Agritech is dedicated to advancing sustainable agriculture through the innovation of specialty multinutrient potassium fertilizers. Its mission is to increase agricultural productivity, enhance soil health and significantly contribute to environmental sustainability. Utilizing its unique position in Brazil, it harnesses proprietary technologies to develop solutions that not only meet the immediate needs of farmers but also address global challenges such as food security and climate change. Its commitment to carbon capture and the production of ecofriendly fertilizers underscores its vision for a future where agriculture contributes positively to the health of the planet.

We seek Safe Harbor.