Mr. Jonathan Taylor reports

SUCRO LIMITED ANNOUNCES COMMENCEMENT OF TRADING ON TSX VENTURE EXCHANGE

Sucro Ltd. will commence trading on the TSX Venture Exchange at the opening of the market on Monday, Oct. 30, 2023, under the symbol SUG.

"The success of the IPO is another step in our growth plan for Sucro. We've built a business of scale serving large global and national customers across North America," said Jonathan Taylor, founder and chief executive officer of Sucro. "The attractive macro market dynamics in sugar demand and refining in North America position us for continued sustainable growth. We've built the business with a team, an asset base and a capital structure in a disciplined and proven model. Our low-cost capex model has additional capacity that is already funded as we attract new customers and expand the capacity of our Lackawanna refinery."

Sucro also announced that it has retained Hybrid Financial Ltd. and LodeRock Advisors Inc. to provide marketing and communication services to the company.

Hybrid has been engaged to heighten market and brand awareness for Sucro and to broaden the company's reach within the investment community. Hybrid has been engaged by the company for an initial period of six months starting on Oct. 30, 2023, and then shall be renewed automatically for successive three-month periods thereafter, unless terminated by the company in accordance with the agreement. Hybrid will be paid a monthly fee of $15,000 during the initial term.

LodeRock has been engaged for strategic investor relations and capital markets communication services. Under the terms of the agreement, which will continue until either party has terminated the agreement with 30 days notice, LodeRock will pay LodeRock a monthly fee of $12,500 for strategic communication services. At the time of this agreement, neither LodeRock nor its principals have any direct or indirect interest in Sucro securities.

Hybrid and LodeRock have each agreed to comply with all applicable securities laws and the policies of the TSX-V in providing the services.

About Sucro Ltd.

Sucro is a growth-oriented sugar company that operates throughout the Americas, with a primary focus on serving the North American sugar market. The company operates a highly integrated and interconnected sugar supply business, utilizing the entire sugar supply chain to service its customers. Sucro's integrated supply chain includes sourcing raw and refined sugar from countries throughout Latin America, and refined sugar from its own refineries, and delivering to customers in North America and the Caribbean. Since its inception in 2014, Sucro has achieved significant growth by creating value for customers through continuous process innovation and supply chain re-engineering. Sucro has established a broad production, sales and sourcing network throughout North America with two cane sugar refineries and an additional value-added processing facility. The company has offices in Miami, Mexico City, Sao Paulo and Port of Spain.

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