Focus Completes 70% Purchase of JPQ, Owner of Bayovar 12 Phosphate Project, Peru

VANCOUVER, CANADA--(Marketwired - March 30, 2015) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Focus Ventures Ltd. (TSX VENTURE:FCV) ("Focus" or the "Company") is pleased to announce the successful completion of the US$5 million loan facility from lenders (the "Lenders") led by Sprott Resource Lending Partnership and the purchase of an outright 70% interest in Juan Paulo Quay S.A.C. ("JPQ"), the title holder of the Bayovar 12 concession, for US$4 million. (See Focus news release of March 10, 2015.)

David Cass, the President of Focus commented: "We're extremely pleased to become the majority shareholder in JPQ, a key milestone for Focus. This dramatically improves Focus's investment case to potential strategic partners. We look forward to our new partnership with the other JPQ shareholders who will continue to provide the benefit of their local expertise as we advance the Bayovar 12 project. In the next 2-3 weeks we plan to publish an overview of our technical work program for 2015 and an overview of our marketing strategy for the Company."

As part consideration for the loan facility, the Company has issued a total of 1,018,554 common shares at a deemed price of CDN$0.215 per share to the Lenders. These shares have a resale restriction which expires on July 27, 2015.

The securities referred to in this news release have not been, and will not be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements of such Act. This news release shall not constitute an offer to sell, nor the solicitation of an offer to buy, any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.

About Focus

Focus is an exploration and development company with two main assets, both located in Peru.

The Aurora porphyry copper-molybdenum property located in the Department of Cusco, which it is developing in a joint venture with Daewoo International Corporation, and the Bayovar 12 Phosphate deposit located in the Sechura district of Northern Peru.