ON BEHALF OF THE BOARD(Signed) " Carson Phillips" Carson Phillips Vice‐President, Corporate Development and Director Forward-Looking Statements Statements in this news release may be viewed as forward-looking statements. Such statements involve risks and uncertainties that could cause actual results to differ materially from those projected. There are no assurances the Company can fulfill such forward-statements and the Company undertakes no obligation to update statements. Such forward looking statements are only predictions; actual events or results may differ materially as a result of risks facing the Company, some of which are beyond the Company's control. In addition, pursuant to National Instrument 43-101, the Company cautions that mineral resources that are not mineral reserves do not have demonstrated economic viability. Factors that contribute to risk include, among others, delay or failure to receive regulatory, shareholder or other required approvals to complete the Farim Phosphate Project, timing and ability to raise capital on acceptable terms, not realizing the potential benefits of the Farim Phosphate Project, risks related to the actual results of exploration activities, conclusions of economic evaluations, risks associated with mining and mineral exploration activities, uncertainty in the estimation of mineral resources, including, without limitation, the assumptions on which such estimates are based, changes in project parameters as plans continue to be refined, future prices of metals, economic and political stability in Guinea Bissau, environmental risks and hazards, increased infrastructure and/or operating costs, availability of future financing, labour and employment matters, and government regulation. There is no guarantee that any drill targets or economic mineral deposits will be found on the Plains Creek's properties. For a more detailed discussion of such risks and other factors, refer to the most recent Management Discussion and Analysis of the Company filed with Canadian securities regulators available on www.sedar.com. NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.