DuSolo Provides Operational and Exploration Update at Bomfim - Seite 2

SCOUT DRILLING PROGRAM

The Company is also pleased to announce it has commenced a 2,000 meter scout drilling program ("the Program") that will combine both Reverse Circulation ("RC") (900 meters) and Diamond Drilling ("DC") (1,100 meters) methods. The Program is designed to identify additional high-grade domains to be further quantified by future systematic grid pattern drilling. At the same time, DuSolo's technical team also intends to better evaluate the Project's overall potential to host large tonnage, lower-grade resources, as part of the Company's long term strategy to implement a second stage of production development that will entail the use of flotation, in the development of more highly beneficiated fertilizer products.

The Company intends to achieve these objectives by:

(1) Drilling (DC+RC) the "exploration potential" as referred to in the NI 43-101 Initial Resource Calculation ("the Report") of the Santiago, Bomfim Hill (PZE) and the Amaury Targets. According to Coffey Mining Ltd., the Santiago Target alone has an exploration potential of an additional 10 to 20 million tonnes @ 5.5% to 10.0% P₂O₅ (see the Report released by the Company January 22^nd, 2014).

(2) Drilling (DC) of recently identified high-grade areas at the Santiago Target's STP Domain that were not previously included in the Report. These new areas of high-grade outcropping phosphorite were identified during detailed mapping (1:10,000), in Q2 and Q3 2014.

(3) Scout-drilling (DC) the seven high-priority targets identified within the Project. Within these targets, significant field evidence suggest the presence of phosphate mineralization in both high-grade domains, and in lower-grade/larger tonnage domains.

"The team is excited to resume drilling at Bomfim. Our deepening understanding of this region's geology has clearly brought us success in the past and we intend to continue to replicate that same exploration strategy over the remaining potential" commented Paulo Amorim, DuSolo's VP of Exploration.

Geomina Sondagens ("Geomina"), a private Brazilian drilling company, has been contracted by DuSolo to undertake this 2,000 meter drilling program. Geomina has operated in an efficient and professional manner while executing all the past DC and RC drilling campaigns completed to date at the Project. Sample analysis will be undertaken by SGS Geosol - an internationally certified laboratory and an industry leader in providing analytical services to the mining industry.