N@N

Those and all other new drilling information and analytical results are presently being compiled and will soon be submitted to Wardrop Engineering Inc. for incorporation in the database and re-run of the Mineral Resources estimate by means of appropriate block modeling techniques and interpolation parameters for the stratiform mineralization style found at Itafós.

Dr. Luiz A. Bizzi, PhD, MBA & P.Geo., Vice-President, Exploration of MBAC Fertilizers, is a Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the contents of this news release as applicable.

About MBAC Fertilizer Corp.

MBAC Fertilizer Corp. is focused on becoming a significant integrated producer of phosphate and potash fertilizer in the Brazilian market. In October 2008, MBAC indirectly acquired all of Itafós Mineração Ltda, which holds a 100% interest in the Itafós phosphate mine and related infrastructure (the "Arraias-Campos Belos Project" also referred herein as "Itafós" or Project"). MBAC is continuing to search for additional fertilizer opportunities in the Brazilian and other Latin-American markets. Strong agricultural fundamentals in Latin-America combined with unique opportunities in Brazil are expected to provide attractive growth opportunities for MBAC.

To learn more about MBAC, please visit our website [ www.mbacfert.com ].

Cautionary Note Regarding Forward-Looking Information

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. The forward-looking information contained in this press release includes, but is not limited to, statements with respect to the conclusions drawn in the AMEC study, the long-term potential value of the coastal potash project, MBAC's intention to advance the Coastal Potash Project to the next stage of development, MBAC's vision to become a significant integrated producer of phosphate and potash fertilizer in the Brazilian market, and MBAC's expectation that strong agricultural fundamentals in Latin America will provide attractive growth opportunities.

The forward-looking information contained in this press release is based on the opinions, assumptions and estimates of management and third party sources, which are considered to be reasonable and accurate as at the date the information is presented, and are inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual events or results to differ materially from those projected in the forward-looking information. These factors include various exploration and development risks, environmental risks and hazards, uncertainty with respect to current global financial conditions, uncertainty with respect to the estimation of mineral reserves and mineral resources, the need for additional resources, uncertainty with respect to inferred mineral resources, insurance and uninsured risks, potential increases in production costs, competition within the mining industry and, in particular, the fertilizer production business in Brazil and elsewhere, the need to obtain additional capital, fluctuations in currency values, the ability to effectively integrate any future acquisitions into its business structure, uncertainty with respect to governmental regulation of the mining industry, risks relating to foreign operations, labour and employment risks, dependence upon key management personnel and executives, possible conflicts of interest with respect to directors and executive officers who serve as directors and/or officers of other companies involved in natural resource exploration and development, climate change, and volatility in the Company's stock price. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Potential investors are cautioned not to place undue reliance on forward-looking information. The forward-looking information contained in this press release is included for the purpose of assisting potential investors in understanding the Company's expected financial and operational performance and the Company's plans and objectives and may not be appropriate for other purposes. Potential investors should conduct their own investigations as to the suitability of investing in securities of MBAC.