Maple Agro Farms Corporation Announces Letter of Intent to Acquire 50-Year Renewable Leasehold Interest Covering Approximately 10,000 Acres of Agricultural Land in Ghana

Maple Agro Farms Corporation is pleased to announce that it has entered into a Letter of Intent ("LOI") with Daasebre Mireku Afari II, Begorohene, Fanteakwahene and Benkumhene of the Akyem Abuakwa Traditional Area, and Custodian of the Begoro Stool Lands, together with the Chiefs and Elders of Begoro (the "Traditional Authorities"), for the proposed acquisition of a 50-year renewable leasehold interest over approximately 10,000 acres (4,690 hectares) of agricultural land located in Republic of Ghana ("Ghana") near Begoro in the Eastern Region (the "Property"). The Chiefs and Elders of Begoro are pleased to formalize this partnership with Maple Agro Farms through the signing of the Letter of Intent. This collaboration represents a meaningful step toward sustainable agribusiness development, job creation, and long-term prosperity for our community. We welcome Maple Agro Farms as a valued partner and look forward to the positive impact this project will bring to Begoro, Fanteakwa District and the Eastern Region. The proposed leasehold will form the foundation of Maple Agro's planned large-scale sustainable palm oil development in Ghana and represents a significant milestone in the Company's long-term growth strategy. The proposed leasehold is expected to support the development of a commercial palm oil plantation together with future processing facilities designed to serve both domestic and export markets. Under the terms of the LOI, Maple Agro, through its wholly owned Ghanaian subsidiary, Golden Grove Plantations Ltd., intends to enter into and execute a Definitive Leasehold Acquisition Agreement (the "Definitive Agreement") following completion of customary due diligence and satisfaction of customary closing conditions. The LOI outlines the framework under which the parties intend to negotiate and execute a Definitive Leasehold Acquisition Agreement following completion of due diligence. Highlights of the Letter of Intent Proposed acquisition of a 50-year renewable leasehold interest over approximately 10,000 acres of agricultural land in the Eastern Region of Ghana. Initial leasehold consideration payable upon satisfaction of customary conditions and subject to final survey confirmation of acreage: To support land survey, registration of the leasehold interest, receipt of the governmental and customary approvals, and delivery of vacant possession. to support land clearing and customary land preparation activities. To support the development and execution of the Definitive Agreement. Maple Agro Farms Corporation will also undertake a comprehensive 45-day due diligence program, including: independent land surveys; title verification; environmental and agricultural assessments; regulatory reviews; customary ownership verification; and confirmation of all required governmental approvals. Maple Agro Farms Corporation will make annual community royalty payments commencing in Year 7 continuing for the balance of the leasehold term, with periodic adjustments for inflation. The royalty payment structure recognizes the significant capital investment required to establish a commercial palm oil plantation and allows the p...