Deveron Corp. announced that due to the success of the initial year of the project and further to its release of October 14, 2021 the Company has expanded its enterprise agreement supporting the USDA by USD 900,000. This represents organic growth of 50% on the contract and increases the total value to USD 2.7 million.

The company has agreed to provide an additional USD 464,500 in collection service as well as USD 435,500 in soil analytics and has expanded the scope of the contract to include Kansas, Oklahoma, Texas, Colorado, Montana, Idaho, and Washington. The soil analytics will be provided by Deveron's vertically integrated lab network. The initial contract, signed on September 29, 2021, provides the USDA access to Deveron's new platform which provides a scalable and streamlined process for collecting, analyzing, and sharing in-field soil carbon data.

The soil data will be used to support the USDA's Conservation Reserve Program that is being run in partnership with Michigan State University, University of Arkansas at Pine Bluff and the University of Wisconsin. To date Deveron has signed USD 10 million in enterprise contracts to use the Company's carbon services platform since its launch in third quarter of 2021. The platform eliminates significant impediments to the accurate measurement of carbon sequestration in agricultural land and is a key enabler for creating reliable and credible carbon credits.

The platform is built on three key principles highlighted below: Leverage Deveron's growing network of trained and dedicated soil technicians across North America, thus ensuring consistency of sampling. Provide single chain of custody from the farm to the lab to the client in a digital platform. Ensure soil data integrity via best-in-class data security.