DuSolo Announces Million Private Placement of Up to C$3.5 Million

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 19, 2016) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

DuSolo Fertilizers Inc., (TSX VENTURE:DSF) ("DuSolo" or "the Company") is pleased to announce a non-brokered private placement to raise between C$3.0 million and C$3.5 million ("the Private Placement") through the issuance of common shares of the Company ("Shares") at a price of C$0.04 per Share. This will result in the issuance of between 75,000,000 and 87,500,000 Shares of the Company. The Company expects to close the Private Placement on or around April 30 2016, subject to TSXV approval.

Existing Shareholder Participation

The Private Placement will be open to all existing shareholders who held the Company's common shares on April 15 2016 (the "Record Date"). Each purchaser will also be required to complete a subscription agreement which confirms, among other things, the availability of an exemption from the prospectus requirements of applicable securities laws in respect of the sale of Shares to such purchaser. In the event of over-subscription, the Company will determine allocations between shareholders at its sole discretion.

2016 Work Program & Corporate Update

The proceeds of the Private Placement will be used to support the G&A and working capital needs of the Company, and for the preparation of various technical work. The Company is undertaking a program of technical, market and commercial work to produce a Preliminary Economic Assessment ("PEA") for its Bomfin Project. Work to be included in the PEA includes additional resource drilling, mineral characterization and flotation testwork, market studies for the proposed acid granulated fertilizer product, growth efficiency tests, product registration, capital and operating cost estimation and assessment of additional value-adding phosphate based products.

In addition the Company has made progress in reducing its fixed and variable costs, including a reduced headcount, reductions in office and G&A expenses and will continue to make cost savings and efficiencies throughout 2016. The Company is also realizing value from its assets including existing product stockpiles at its Bomfin Project.

Use of Private Placement Proceeds

Proceeds from this financing will be used approximately as follows:

G&A / Salaries	-	C$0.28m
Mine / Plant / Exploration	-	C$0.73m
Property Payments	-	C$1.19m
PEA / Permitting	-	C$0.80m

In the event that funds over C$3.0m are received by the Company it is anticipated that such proceeds will be used to undertake additional product development testwork.

Additional Terms

The Company will pay a 7% finders fee and 7% brokers warrants on certain of the gross proceeds raised from the sales of Shares pursuant to the Private Placement.

All securities issued in connection with the Private Placement will be subject to a minimum four month hold period.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

ABOUT DUSOLO

DuSolo Fertilizers Inc. is focused on developing a fully integrated process to produce phosphate based fertilizers within the Cerrado region of Brazil as part of a nationwide effort, incentivized by the government, to increase supply of domestically sourced fertilizers and achieve agricultural self sufficiency.

On behalf of DuSolo Fertilizers Inc.

Giles Baynham, Chief Executive Officer

Forward-looking statements

Certain information contained in this press release constitutes "forward-looking information", within the meaning of Canadian legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur", "be achieved" or "has the potential to". Forward looking statements contained in this press release may include statements regarding the future operating or financial performance of DuSolo which involve known and unknown risks and uncertainties which may not prove to be accurate. Actual results and outcomes may differ materially from what is expressed or forecasted in these forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Among those factors which could cause actual results to differ materially are the following: market conditions and other risk factors listed from time to time in our reports filed with Canadian securities regulators on SEDAR at www.sedar.com. The forward-looking statements included in this press release are made as of the date of this press release and DuSolo disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.

Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.