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BLOOMFIELD HILLS, MI–(Marketwired – May 31, 2017) – ProGreen US, Inc. (ProGreen), (OTCQB: PGUS), www.ProGreenUS.com, @ProGreenUS; ProGreen is very pleased to communicate that the First Reservation Offer for its ocean front development in Baja California, Cielo Mar, is drawing to a close. 24 of the 30 lots that were offered now have executed reservation agreements, leaving only 6 available with one additional reservation request pending. There are also 6 commitments for early construction, once the planning has been approved. See details at https://www.cielomarbaja.com/first-reservation-offer/.

Revenue from these reservations, once the definitive purchase agreements have been executed, is expected to be close to $3.5 million USD including the construction of 6 houses.

“In February we set a preliminary goal to sell 25 lots during the first year. As we already have 24 lot purchase reservations since launching the offer in late April, we do expect to present a substantially revised goal in the near future,” says Jan Telander, President and CEO.

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This press release might contain information, which may constitute ‘forward-looking statements’ within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. ‘Forward-looking statements’ are based upon expectations, estimates and projections at the time the statements are made that involve a number of risks, uncertainties and other factors that could cause actual results or events to differ materially from those anticipated.