DuSolo Fertilizers Inc.

DuSolo Fertilizers Inc.

December 17, 2014 09:30 ET

DuSolo Signs Purchase Agreement for Natural Fertilizer Facility

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 17, 2014) - DuSolo Fertilizers Inc., (TSX VENTURE:DSF)(PINKSHEETS:ELGSF)(FRANKFURT:E6R) ("DuSolo" or "the Company") is pleased to announce that it has entered into an agreement ("the Purchase Agreement") whereby DuSolo will acquire 100% ownership in the Direct Application Natural Fertilizer ("DANF") facility ("the Facility") currently under lease and in operation at the Bomfim Project. Furthermore, the Company is pleased to announce it has acquired an additional three (3) hammer mills as part of its plan of increasing production capacity from 80,000 to 160,000 metric tonnes per year ("MTPY") by March 2015.


On August 11th, 2014 the Company announced having entered into an agreement ("the Lease Agreement") that secured the Facility's operation for a term of one (1) year with an option to renew the lease for an additional year thereafter. Under the terms of the newly signed Purchase Agreement, DuSolo made a payment in the amount of R$ 400,000 (approximately $173,936 Cnd. based on the December 16th, 2014 exchange rate) in exchange for 100% interest in the Facilty effective December 16th, 2014 as per the Purchase Agreement signed on December 12th, 2014.

This recent decision to purchase the Facility comes as a result of a successful test run over the last two months in which DuSolo managed to process in excess of 3,400 tonnes of high quality DANF product without any complications.


As part of the Company's strategy to ramp up production capacity of its now wholly owned Facility from the current 80,000 MTPY to 160,000 MTPY, DuSolo has completed acquisistion of an additional three (3) new hammer mills (Model Number MM304 "CD") on December 12th, 2014. The order placed with the supplier "Piacentini Equipamentos para Mineração" includes all necessary parts for installation and operation and is scheduled for delivery by March 10th, 2015. DuSolo is now actively sourcing quotes from various Brazilian based engineering companies to assist with installation of the new equipment.

"The acquisition of the Facility and additional equipment at a highly competitive price and just ahead of the next planting season will enable DuSolo to deliver on its stated objective to produce and sell 160,000 tonnes of DANF product in 2015" commented Eran Friedlander President and CEO of DuSolo.


DuSolo Fertilizers Inc. (TSX VENTURE:DSF)(PINKSHEETS:ELGSF)(FRANKFURT:E6R) is a Canadian based, low-cost phosphate producer operating in the world's fastest growing agricultural district - the Brazilian "Cerrado" where demand for fertilizers far exceeds domestic supply.

On behalf of the Board of Directors

DuSolo Fertilizers Inc.

Eran Friedlander, President

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.

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