GlobeNewswire Inc | Oct 26, 2021 12:47PM EDT

October 26, 2021

VANCOUVER, British Columbia, Oct. 26, 2021 (GLOBE NEWSWIRE) -- Agra Ventures Ltd.(AGRAortheCompany)(CSE: AGRA)(Frankfurt:PU31)(OTCPK:AGFAF), a growth-oriented and diversified company focused on the international cannabis industry, is pleased to announce the appointment of Fiona Fitzmaurice to its board of Directors, effective October 22, 2021. Ms. Fitzmaurice is a Chartered Professional Accountant with over 14 years of experience in accounting and financial control, serving both private companies and public issuers throughout her career. Ms. Fitzmaurice will maintain her position as the Chief Financial Officer (CFO) of AGRA, which she has held since May of 2021.

Ms. Fitzmaurice has previously been appointed as the CFO of companies that include, but are not limited to, MacDonald Mines Exploration Ltd., Pasofino Gold and Mojave Jane Brands. Accordingly, Ms. Fitzmaurice has extensive experience with corporate audits, prospectus filings, private placements, financings and corporate acquisitions. Ms. Fitzmaurice holds a bachelors degree in accounting and finance from Athlone Institute of Technology in Athlone, Ireland.

AboutAgra Ventures Ltd.

Agra Ventures is a growth-oriented and diversified company focused on the international cannabis industry. The company is dedicated to the cultivation, distribution and marketing of high-quality cannabis and cannabis-infused products worldwide. Agra Ventures primary asset in Canada is Boundary Bay Cannabis located in Delta, BC, which is one of the largest cannabis greenhouse facilities focused on the cost-optimized cultivation of high-potency cannabis. Abroad, the companys wholly owned subsidiary, Farmako GmbH, is focused on becoming Europes leading distributor of medical cannabis. Farmako currently has active product distribution operations in Germany and expects to commence active operations in the United Kingdom in 2021.

For more information about Agra Ventures, please visit agraventures.comand its profile page on SEDAR at www.sedar.com.

ONBEHALFOFTHEBOARDOFDIRECTORSNick Kuzyk, Investor Relations E: ir@agraventures.comT: (800) 783-6056

Forward-lookingInformationCautionaryStatementExceptforstatementsofhistoricfactthisnewsreleasecontainscertainforward-lookinginformation within the meaning of applicable securities law. Forward-looking information isfrequentlycharacterizedbywordssuchasplanexpectprojectintendbelieveanticipate estimate and other similar words or statements that certain events or conditionsmay or will occur. Forward-looking statements are based on the opinions and estimates atthe date the statements are made and are subject to a variety of risks and uncertainties and otherfactors that could cause actual events or results to differ materially from those anticipated in theforward-looking statements including but not limited to delays or uncertainties with regulatoryapprovalsincludingthatoftheCSE.Thereareuncertaintiesinherentinforward-lookinginformation including factors beyond the Companys control. There are no assurances that thebusinessplansforAgra Ventures describedinthisnewsreleasewillcomeintoeffectonthe terms or time frame described herein. The Company undertakes no obligation to updateforward-looking information if circumstances or managements estimates or opinions shouldchange except as required by law. The reader is cautioned not to place undue reliance onforward-looking statements. Additional information identifying risks and uncertainties that couldaffect financial results is contained in the Companys filings with Canadian securities regulatorswhichareavailableatwww.sedar.com.