AGI Announces Changes to Board of Directors

WINNIPEG, Manitoba--(BUSINESS WIRE)--Ag Growth International Inc. (TSX: AFN) ("AGI" or the "Company") today announced that its Board of Directors (the "Board") has appointed the Honourable Brad Wall and George Armoyan to the Board, effective immediately. In conjunction with these appointments, Mary Shafer-Malicki has resigned from the Board and Rohit Bhardwaj and Mike Frank have advised they will not stand for reelection at AGI's annual shareholder meeting in 2026. AGI thanks Ms. Shafer-Malicki and Messrs. Bhardwaj and Frank for their contributions as the Company navigated through challenging industry conditions and for their continued support as AGI repositions for the future.

Messrs. Wall and Armoyan bring unique skills and extensive experience to the AGI boardroom that will assist the Company with its renewed focus on operational excellence and improving shareholder returns.

Mr. Wall served as the Premier of Saskatchewan from November 2007 until February 2018. During his tenure, Mr. Wall helped lead the province through a period of strong population and economic growth, export expansion, record infrastructure investment and tax reductions while helping to earn the province's first ever AAA credit rating. During his 18-year career in provincial politics, Mr. Wall gained extensive experience, insight and contacts in the global agriculture industry. Mr. Wall currently provides business advisory services through his private consulting firm and as a director of several companies involved in the natural resource and energy industries. Mr. Wall also serves as a special advisor to the national law firm Osler, Hoskin and Harcourt LLP. Mr. Wall holds an honours degree in Public Administration from the University of Saskatchewan.

Mr. Armoyan is a successful entrepreneur with a proven track record of shareholder value creation. Mr. Armoyan currently serves as Executive Chairman of G2S2 Capital Inc., President of Armco Capital Inc. and Chairman & Chief Executive Officer of Clarke Inc. Since 1982, Mr. Armoyan has founded and grown numerous successful businesses and has created significant shareholder value at several public companies by restructuring operations using his extensive experience and common sense approach to business. Mr. Armoyan currently serves on the board of Clarke Inc., Morguard Corporation and Calfrac Well Services Ltd. and holds a Bachelor of Engineering degree (Civil Engineering) from Dalhousie University.

AGI Company Profile

AGI is a provider of the equipment and solutions required to support the efficient storage, transport, and processing of food globally. AGI has manufacturing facilities in Canada, the United States, Brazil, India, France, and Italy and distributes its product worldwide.

Forward-Looking Statements

This news release contains "forward-looking information" within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). All information contained herein that is not clearly historical in nature may constitute forward-looking statements. In some cases, forward-looking statements can be identified by words or phrases such as "may", "will", "expect", "plan", "anticipate", "intend", "potential", "estimate", "believe" or the negative of these terms, or other similar expressions intended to identify forward-looking statements. Some of the forward-looking statements contained in this press release include statements relating to the directors of AGI who will not stand for reelection at AGI's annual shareholder meeting in 2026, the newly appointed directors, their anticipated skillsets and the impact on AGI, AGI's repositioning for the future and its renewed focus on operational excellence and improving shareholder returns. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive risks, uncertainties and contingencies that may cause the financial results or achievements to be materially different from the results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. Forward-looking information involves significant risks and uncertainties. A number of factors could cause actual results to differ materially from results discussed in the forward-looking information, which include but are not limited to the risks and uncertainties relating to leadership changes and other material risks applicable to the Company, a discussion of which can be found in the Company's most recent Management's Discussion and Analysis and Annual Information Form under the heading "Risks and Uncertainties", each of which have been filed on SEDAR+ and can be accessed at www.sedarplus.ca. The forward- looking information included in this news release is made as of the date of this news release and, except as required by law, AGI disclaims any obligation to update or revise any forward- looking statements. Readers are cautioned not to put undue reliance on these forward-looking statements.