Itafos (FMR- MBAC Fertilizer Corp.)

MBAC Fertilizer Corp. is focused on becoming a significant integrated producer of phosphate and potash fertilizers in the Brazilian and Latin American markets. The Company has a very knowledgeable management team with over 150 years of combined experience in the business of fertilizer exploration, operations, marketing and finance. The Company currently operates a small phosphate mine and related infrastructure in central Brazil. The vision and plan would see the scope of the operation grow dramatically by mid-2012. MBAC’s exploration portfolio includes a number of additional phosphate and potash projects, which are also located in Brazil. MBAC is well funded and is focused on developing a new high-grade fertilizer production facility (the “Itafós Arraias SSP Project”). The Company continues to search for additional fertilizer opportunities in the Brazilian and other Latin American markets, where strong agricultural fundamentals and unique opportunities provide attractive growth prospects.