Above Food Congratulates Merger Partner Palm Global Technologies and Subsidiary Palm Promax Investments on Landmark Burkina Faso Stablecoin Agreement and Multi-Trillion-Dollar Gold- and Mineral-Backed Asset Commitment

Above Food Ingredients Inc. ("Above Food" or the "Company") today announced and celebrated the first of many sovereign strategic partnerships involving its merger partner Palm Global Technologies and its subsidiary Palm Promax Investments LLC ("PPI").

The President's Office of Burkina Faso, in coordination with the Promotion and Investment Center for Burkina Faso and Partners ("CPIB"), has formally agreed a joint venture, involving the adoption PPI's gold- and mineral-backed stablecoin as the nation's digital currency - marking a historic inflection point in Burkina Faso's financial evolution. As part of this initiative, the government has pledged up to $8 trillion of previously untapped gold and mineral assets to anchor the country's stablecoin and catalyze long-term economic transformation.

The partnership is being formally announced today at the UAE 2030 National Vision event, held in Abu Dhabi. The occasion is attended by eminent leaders and dignitaries from both the United Arab Emirates and Burkina Faso, underscoring the strategic importance of this collaboration. The event serves as a powerful platform to showcase the alignment between sovereign innovation, digital finance, and visionary development - hallmarks of both nations' commitment to inclusive, future-focused growth.

Abu Dhabi, United Arab Emirates and Ouagadougou, Burkina Faso – 24 October 2025 – A groundbreaking joint venture has been formalized between Promax Burkina Faso SEM ("Promax BF SEM"), the Promotion and Investment Center for Burkina Faso and Partners ("CPIB"), and Palm Promax Investments LLC ("PPI") – the merger partner of Nasdaq-listed Above Food Ingredients Inc.

This strategic partnership will leverage PPI's advanced tokenization technologies to unlock and mobilize the immense mineral wealth of Burkina Faso ushering in a new era of sovereign digital innovation and inclusive economic growth. 

In a historic move, the Government of Burkina Faso will pledge up to $8 trillion in gold and mineral-based assets - including vast in-ground reserves that have long remained unrecognized by global financial systems. For decades, these resources have been undervalued and excluded from international markets due to structural barriers in valuation, infrastructure, and access. Now, for the first time, Burkina Faso's mineral wealth will be transparently quantified, monetized, and mobilized through blockchain-based financial instruments. This bold initiative marks a turning point: a declaration that the nation's true economic value can no longer be overlooked. With this commitment, Burkina Faso becomes the first African nation to formally integrate a resource-backed digital currency into its national financial architecture - leveraging its natural wealth as a catalyst for sovereign empowerment, inclusive growth, and global financial participation.

Headquartered in Abu Dhabi under the Abu Dhabi Global Market ("ADGM") framework, the joint venture will channel all investments through Promax BF SEM to facilitate the tokenization of Burkina Faso's untapped natural resources. These blockchain-backed financial instruments will anchor a series of transformative development initiatives across key sectors, including:

• Mining of minerals, metals, and precious stones
• Development of infrastructure, including energy and transportation
• Establishment of economic zones and technology transfer hubs
• Modernization of agriculture and commodity trading
• Enhancements in healthcare, education, and security, and humanitarian efforts

This agreement marks a pivotal moment in Burkina Faso's economic trajectory. By transparently quantifying and monetizing its natural assets, the nation is positioning itself as a global leader in sovereign empowerment and digital finance - redefining its role in the international economic landscape.

About Above Food Ingredients Inc.

Above Food Ingredients Inc.(Nasdaq: ABVE ) is an agricultural and food technology company whose vision is to create a healthier world — breaking the cycle of world hunger, one seed, one field, and one bite at a time. Above's robust chain of custody of plant proteins and proprietary seed development capabilities, leverage the power of artificial intelligence-driven genomics and agronomy, and together with Palm's financial technologies will help to break the global cycle of hunger.

Cautionary Statement Regarding Forward-Looking Statements

This press release may contain "forward-looking information" within the meaning of the United States federal securities laws and applicable Canadian securities laws. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," future," "opportunity," "plan," "may," "should," "will," "could," "will be," will continue," and similar expressions.

Forward-looking statements represent current judgments about possible future events, including, but not limited to statements regarding expectations or forecasts of business, operations, financial performance, prospects, and other plans, intentions, expectations, estimates, and beliefs relating to the proposed transaction between Above Food and Palm Global, such as statements regarding the combined operations and prospects of Above Food and Palm Global, the current and projected market, growth opportunities and synergies for the combined company, the expected composition of the management and board of directors of the combined company, the expected trading of the combined company on the Nasdaq, the filing and approval of the Registration Statement and the Prospectus, and the timing and completion of the proposed transaction, including the satisfaction or waiver of all the required conditions thereto.

Factors that could cause actual events to differ include, but are not limited to:

• all conditions to the proposed transaction being met, including Above Food and Palm Global agreeing to a form of plan of arrangement, as well as other conditions set forth in the definitive merger agreement;
• the expected timing of regulatory approvals relating to the proposed transaction, the businesses of Above Food and Palm Global and of the combined company and product launches of such businesses and companies;
• Above Food's inability to file or make effective the Registration Statement or the final Prospectus with the respective regulators;
• Above Food, Palm Global and the combined company's compliance with, and changes to, applicable laws and regulations;
• Above Food and the combined company's ability to list the common shares of the combined company on Nasdaq;
• the ability to successfully integrate the businesses of Above Food and Palm Global after the completion of the proposed transaction;
• the combined company's ability to achieve the expected benefits from the proposed transaction within the expected time frames or at all; and
• the incurrence of unexpected costs, liabilities or delays relating to the proposed transaction.

Forward-looking statements are based on the current expectations of Above Food's management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on, by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. You should carefully consider all of the risks and uncertainties described in the documents filed by Above Food with the United States Securities and Exchange Commission ("SEC"), which is available on EDGAR at www.sec.gov/edgar.shtml. There may be additional risks that Above Food presently does not know or that Above Food currently believes are immaterial that could also cause actual results to differ from those contained in forward-looking statements. In addition, forward-looking statements provide Above Food's expectations, plans or forecasts of future events and views as of the date of this communication. Above Food anticipates that subsequent events and developments will cause Above Food's assessments to change. However, while Above Food may elect to update these forward-looking statements in the future, Above Food specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Above Food's assessments as of any date subsequent to the date of this communication. Nothing herein should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results in such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements in this communication, which speak only as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein.

It is possible that the Merger may not occur on the terms provided herein or in the Merger Agreement, on the expected timing or at all. In the event that the Merger is terminated Above Food may be liable to pay a termination fee to Palm Global, subject to the precise terms of the Merger Agreement.

Additional Information and Where to Find It:

INVESTORS AND SECURITY HOLDERS OF ABOVE FOOD ARE URGED TO READ THE DOCUMENTS FILED WITH THE SEC, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT ABOVE FOOD. Investors and security holders will be able to obtain free copies of the documents filed with the SEC by Above Food through the website maintained by the SEC at http://www.sec.gov. Copies of the documents filed with the SEC by Above Food are also available free of charge on Above Food's website at https://abovefood.com or by contacting Above Food's Investor

Relations Department at 2305 Victoria Ave #002, Regina, Saskatchewan, Canada, S4P 0S7.

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