DuSolo Provides Operational and Exploration Update at Bomfim

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 24, 2014) - DuSolo Fertilizers Inc.,
(TSX VENTURE:DSF)(PINKSHEETS:ELGSF)(FRANKFURT:E6R) ("DuSolo" or "the Company") is pleased to provide an operational and exploration update for the Bomfim Project ("the Project"). The Company has recently commenced pre-production of Direct Application Natural Fertilizer ("DANF") and started a drilling campaign aimed at increasing existing resources, including areas of high grade resources.

DANF PRE-PRODUCTION

DuSolo commenced Stage 1 of DANF pre-production on October 14^th, 2014 through an open pit mine at the Bomfim's Satiago Target. The Company extracted 10,384 tonnes of high-grade phosphate (>15% P₂O₅), of which 3,408 tonnes have been processed into three products of different grades (1,155 tonnes of 18% P₂O₅ product; 1,453 tonnes of 15% P₂O₅ product and 800 tonnes of 12% P₂O₅ product). As of November 13^th, 2014, the Company has halted mining operations (excavation and transporting) due to the current rainy season. However it will continue beneficiating the excavated material and stockpiling it in the on-site warehouse facility, as weather permits.

The Company prices the finished DANF product at an average of R$225.00 per tonne and foresees selling the remainder of all excavated material throughout the tail end of this 2014 planting season and into early Q1 2015.

FACILITY UPGRADES

DuSolo has received increasing demand for its DANF product and anticipates strong fertilizer sales during the 2015 planting seasons (February through April and August through November). As a result, the Company has decided to implement significant upgrades to the processing facility.

The Company expects these upgrades to double the facility's DANF production capacity from the current 80,000 tonnes per annum to 160,000 tonnes per annum by mid-Q1 2015. To achieve this increased capacity, DuSolo has scheduled the installation of three new hammer mills in conjunction with electrical infrastructure upgrades, additional conveyor belt installations and a new storage warehouse, for an estimated cost of US$1.5 million.

"We have managed to ramp up operations and achieve production targets, despite the challenges of the rainy season. Due to the positive market response and expected strong DANF sales during the next planting season, we are keen to complete upgrades to the plant as soon as possible", said Eran Friedlander DuSolo's President and CEO.