Clean Seed Capital Teams with Northern Farmers Producer Mega FPO to launch 1,000 SMART Seeder machines in India

Clean Seed Capital Group Ltd. (″Clean Seed″ or the ″Company″) (TSX-V: CSX and OTCQB: CLGPF) announced it has entered into a Letter of Intent (the ″LOI″) with the Northern Farmers Producer Company Limited Mega Farmer Cooperative (″Northern Farmers Mega FPO″ or ″FPO″) to launch the SMART Seeder MINI-MAX™ in India. Upon successful completion of the activities within the LOI, FPO will market and distribute 1,000 SMART Seeder MINI-MAX™ machines from 2023-2025 in the Punjab and Haryana regions of India.

Mr. Puneet Singh Thind, Founder & Director, stated:

″After having participated in the SMART Seeder MINI-MAX™ Technology Demonstration at Chandigarh University, our board of directors is convinced that Clean Seed’s technology, with its multipurpose solutions such as managing straw and accurate seed and fertilizer placement in combination with the unique no-tillage practices, can bring a paradigm shift to the farmers in the region. With our strong presence in the region and close farmer network built on mutual trust, we are confident we can take orders and distribute 1,000 machines in the field over the next 3 seasons in Punjab and Haryana.″

Northern Farmers Mega FPO is a leading organization of 43 Farmer Cooperatives (FPOs) involving more than 12,000 farmer members from 4 States in North India. They work closely with respective State Governments, Industry Chambers, Agriculture Universities & Industry Partners, as well as Farmers Collectivisation, Agri-Input Supplies, Farm Solutions, Market Linkages, Industry Engagement Programs and other agribusiness initiatives.

Graeme Lempriere, stated:

″From the outset Clean Seed was determined to ensure our technology was scalable in size and function to influence and reach all markets around the world.  Our experiences in India to date have been tremendous, a great MINI-MAX™ launching platform in great part due to the support of the Government of Canada and Mr. Blair Hudyma, of the Government of Saskatchewan in collaboration with the Consulate General of Canada in Chandigarh. We also would like to thank the governments of India, Punjab and Haryana along with CII for their strong support in India. we look forward to completing our fall demonstration and development programs which will positions us for production and distribution of the SMART Seeder MINI-MAX™ within India and beyond.″

Under the LOI, the parties will work together to 1) conduct field trials in the fall compared to local seeding equipment alternatives 2) obtain subsidy approvals from local governments for FPO members to purchase MINI-MAX™ units and 3) conduct value proposition and marketplace analyses. Upon successful completion of these activities, the parties anticipate entering into a definitive agreement whereby FPO will become a distributor of the SMART Seeder MINI-MAX™ in the Punjab and Haryana regions of India.