Winnipeg, Manitoba, Canada
July 11, 2012

Canterra Seeds (2002) Ltd. of Canada and the French based Group Limagrain announced today an exclusive license agreement for the commercialization of advanced wheat seed varieties for the cereal grain growers of Western Canada.

The new strategic alliance will leverage the joint strengths of the two companies by developing and testing new and advanced wheat genetics, and by producing and commercializing seed of
those products across the Canadian provinces of Manitoba, Saskatchewan, Alberta and BC. Field performance testing, selection and development of new products will begin with the 2012
crop, followed by commercial production and sales introductions following performance verification and registration.

"This is an exciting development for CANTERRA SEEDS and for the cereal grain growers of Western Canada" said David Hansen, President and CEO of the company. "Most people know
the wheat industry in Canada is changing rapidly, and this is just one more step forward" he continued. "Our new breeding partner has one of the finest cereal breeding programs in the
world, and CANTERRA SEEDS and its shareholders have proven capabilities in quality seed production and distribution. This new relationship adds to our already deep list of breeding
partners, and provides another option for our farmer customers to progress" concluded Hansen.

Michel Debrand of Limagrain added, "We are proud to partner with CANTERRA SEEDS in bringing new cereal seed products to farmers in Western Canada. We see the potential for very
strong synergies between our US Company, Limagrain Cereal Seeds (LCS) and CANTERRA SEEDS.

LCS is developing hard red spring wheat varieties for the northern region of the USA, and this will be the first material we test with CANTERRA SEEDS. We believe this new alliance is an
excellent fit for our company, and look forward to working together."

Website: http://www.canterra.com

Published: July 13, 2012