Toronto, Ontario – Deveron Corp. (TSX-V: FARM) (“Deveron” or the “Company”), a leading
agriculture data company in North America, is pleased to announce that the Company has
completed a Letter of Intent (the “LOI”) with Frontier Labs Inc (“Frontier Labs”). Pursuant to
which the Company and Frontier Labs intend to complete an Asset Purchase Agreement (The
“Proposed Transaction”), that would see Deveron acquiring 100% of Frontier Labs’ assets.
Frontier Labs is a leading soil lab and agronomy company, based in Iowa, that services Iowa and
“We are excited to sign this LOI with Frontier Labs. Frontier marks the fourth soil lab transaction
in Deveron’s growing, vertically integrated soil lab network and creates important regional
distribution in the US mid-west,” said David MacMillan, President, and CEO of Deveron.