Maple Leaf Green World Inc. announced the signing of a 40-year ground lease agreement ("the Lease") with the Town of Coronation ("Coronation" or the "Town") for the development of a 12MW DC solar farm pursuant to the Company's prior Press Release dated May 6, 2024 for the Option Agreement. Under the terms of the Lease, Maple Leaf if deciding to exercise the Option to lease 50-60 acres of the marginal land owned by the Town of Coronation for 40 years, the company will pay CAD 600 per acre with an annual escalation rate of 1.5% per year, roughly about CAD 1,100 per acre after 40 years. This agreement will provide the Company with security of land use with fixed terms and flexibility needed to proceed with the project while completing comprehensive studies and obtaining necessary regulatory approvals.

The 12MW DC solar farm is expected to generate clean electricity for the Alberta Power Pool, contributing to the province's renewable energy targets. With an estimated 10-year equity payback and over $1M net revenue generated per year, this solar farm represents a solid investment for the Company and substantial tax and lease revenue to Coronation.