Water Ways Technologies Inc., a global provider of agriculture technology, providing water irrigation solutions to agricultural producers announces that further to its recent announcement dated June 9, 2022, that its board of directors has approved the execution of a definitive agreement for the acquisition of 51% of the shares of the Chilean smart irrigation provider, Desarrollo de Sistemas Hidraulicos S.A. (Hidrotop). The SPA provides that closing of the Acquisition is subject to the completion of certain customary conditions precedent as are customary for transactions of this nature including the approval of the TSX Venture Exchange.