Deveron Completes Acquisition of Veritas Farm Management

Toronto, Ontario--(Newsfile Corp. - September 17, 2018) - Deveron UAS Corp. (CSE: DVR) ("Deveron" or the "Company") is pleased to announce that further to its press release dated August 28, 2018, the Company has acquired all of the issued and outstanding shares of Veritas Farm Management Inc. ("Veritas") pursuant to the terms of a share purchase agreement (the "Purchase Agreement") dated August 27, 2018 between South West AG Partners Inc. (the "Vendor") and Deveron (the "Acquisition"). As a result of the completion of the Acquisition, Deveron owns 100% of the shares of Veritas and its assets and is now a wholly-owned subsidiary of Deveron.

In connection with completion of the Acquisition, Deveron issued an aggregate of 3,750,000 units ("Units") and paid a total of $320,000 to the Vendor. Each Unit consists of one common share (a "Common Share") of the Company and one-quarter of a Common Share purchase warrant (a "Warrant"). Each Warrant entitles the holder to acquire one Common Share until September 14, 2020.

Under the terms of the Purchase Agreement, the Units will be released from escrow in five equal tranches of 750,000 Units, every three (3) months, with the initial release occurring on the sixth month following the closing of the Acquisition, and the final tranche being released on the eighteenth month from the date hereof. South West AG Partners Inc. owns 9.9% of the Company's shares.

About Deveron UAS: Deveron is a leading drone data services company providing powerful data applications and analytics to the agricultural community. Drone data helps farmers reduce costs and increase both yields and profit using sophisticated Unmanned Aerial Systems ("UAS" or "drones"), sensors, software and analytics. Deveron's drone imagery service network allows farmers in North America to obtain on-demand, actionable data so they can make timely production decisions with the use of ultra high-resolution data. The Company is focused on building a standardized network of pilots, drones and sensors to provide data to decision makers in the farming industry.

For more information and to join our community, please visit www.deveronuas.com or reach us on Twitter @DeveronUAS:

David MacMillan
President & CEO
Deveron UAS Corp.
416-367-4571 ext. 221
dmacmillan@deveronuas.com

This news release includes certain "forward-looking statements" within the meaning of that phrase under Canadian securities laws. Without limitation, statements regarding future plans and objectives of the Company are forward looking statements that involve various degrees of risk. Forward-looking statements reflect management's current views with respect to possible future events and conditions and, by their nature, are based on management's beliefs and assumptions and subject to known and unknown risks and uncertainties, both general and specific to the Company. Although the Company believes the expectations expressed in such forward-looking statements are reasonable, such statements are not guarantees of future performance and actual results or developments may differ materially from those in our forward-looking statements. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world-wide price of agricultural commodities, general market conditions, risks inherent in agriculture, the uncertainty of future profitability and the uncertainty of access to additional capital. Additional information regarding the material factors and assumptions that were applied in making these forward looking statements as well as the various risks and uncertainties we face are described in greater detail in the "Risk Factors" section of our annual and interim Management's Discussion and Analysis of our financial results and other continuous disclosure documents and financial statements we file with the Canadian securities regulatory authorities which are available at www.sedar.com. The Company undertakes no obligation to update this forward-looking information except as required by applicable law. The Company relies on litigation protection for forward looking statements.