NaturalShrimp Issues Shareholder Letter and Provides Corporate Update

NaturalShrimp, Inc. (OTCQB: SHMP), a Biotechnology Aquaculture Company that has developed and patented the commercially operational RAS (Recirculating Aquaculture System), today issued a letter to shareholders from Gerald Easterling, CEO of NaturalShrimp.

Dear Shareholders,

Our last letter to you was published over a year ago in July 2022 and for this delay we apologize. We make it our obligation to keep our shareholders up to date and only fail to do so when intervening circumstances restrict or limit our ability to inform our shareholders of news of our activities. During our year-long transaction with Yotta Acquisition Corporation, (from August 2, 2022 through the date our termination of the transaction on July 20, 2023) all proposed press releases or other dissemination of information had to first be reviewed and approved by Yotta’s legal counsel. As a result, the ability to communicate freely with our shareholders has been limited and restricted.

Now that we have terminated the Yotta transaction and demanded payment of the breakup fee, we are able to communicate with you directly and tell you, from our perspective, what has happened, what is happening and what we believe will happen. There has been a lot of chatter on social media, but I can assure you that NaturalShrimp is still the only land-based company in the world that is growing shrimp using our patented technology and without the use of antibiotics, probiotics, hormones, or toxic chemicals. Our shrimp is still gourmet-grade and our vision for this Company remains resolutely the same.

WHAT HAS HAPPENED

As each of our shareholders knows, or by now should know, our unique Electrocoagulation (EC) technology differentiates us in the industry and the widespread supply chain issues that caused so much difficulty and delay has surprisingly turned out to be an unexpected opportunity, borne of necessity, to enhance our equipment and prepare it for future commercialization. Confronted with extended delays for critical components and repair work, the Company was forced to innovate. Our resourceful team in La Coste located readily accessible and available equipment not subject to supply chain issues and successfully integrated it into our proprietary technology. This new and novel approach not only kept our operations going but has yielded more efficient and cost-effective solutions.