Toronto, Ontario--(Newsfile Corp. - June 26, 2023) - Agrinam Acquisition Corporation (TSX: AGRI.U) (the "Corporation") today reported its financial results as at and for the year ended March 31, 2023. The Corporation's audited annual financial statements, along with its management discussion and analysis, have been filed on the System for Electronic Document Analysis and Retrieval ("SEDAR") and may be viewed by shareholders and interested parties under the Corporation's profile on SEDAR at www.sedar.com.

Annual Update

As part of its initial public offering, the Corporation has undertaken to provide an annual update informing holders of Class A Restricted Voting Shares of the status of identifying and securing a qualifying acquisition. The Corporation is currently in the process of identifying specific target business(es) with which to pursue a qualifying acquisition but has not entered into any definitive agreement with respect to a qualifying acquisition as of the date hereof.

About Agrinam Acquisition Corporation

Agrinam Acquisition Corporation is a newly organized special purpose acquisition corporation incorporated under the laws of the Province of British Columbia for the purpose of effecting, directly or indirectly, an acquisition of one or more businesses or assets, by way of a merger, amalgamation, arrangement, share exchange, asset acquisition, share purchase, reorganization, or any other similar business combination within a specified period of time.

About Agrinam Investments, LLC

Agrinam Investments, LLC is a limited liability company formed under the laws of Delaware and is controlled by Demeter Capital, S.A.P.I. DE C.V. and Maquia Capital Financial Group in their capacities as managers.

Forward-Looking Statements

This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflects the Corporation's current expectations regarding future events. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Corporation's control that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the risk that a qualifying acquisition may not be completed within the Corporation's permitted timeline or the potential failure to obtain an extension of the qualifying acquisition deadline if sought by the Corporation, the failure to satisfy the conditions to the consummation of any proposed qualifying acquisition, and the factors discussed under "Risk Factors" in the Corporation's prospectus dated June 10, 2022. The Corporation does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.