NaturalShrimp Inc. provided an update on production retrofits at its facilities in Texas and Iowa. NaturalShrimp's LaCoste, Texas production facility is now complete and using its patented technology with shrimp of various sizes growing in 70% of facility tanks. The Company will continue to fine tune the operation of the installed systems and ramp up to regular production over the next several months with initial shrimp sales to begin soon.

The Company will now break ground for a new building next to the current production building that will triple the shrimp production capacity at this site when completed. The Company has now retrofitted 17% of its Blairsburg, Iowa production facility, and continues to stock post larvae shrimp prior to their transfer to the Webster, Iowa production facility, of which 10% has been retrofitted. Sales of shrimp from the Webster facility began in November 2021. NaturalShrimp has partnered with Dean Snyder Construction for an over $1.0 million contract to complete an additional 30% of the Webster City facility during the next several months, with the goal of completing the retrofit of both the Blairsburg and the Webster City facilities by the end of 2022.