MBAC Provides Update Regarding Regulatory Matters

TORONTO, ON —(Marketwired – June 24, 2016) – MBAC Fertilizer Corp. (“MBAC” or the “Company“) (TSX: MBC) (OTCQX: MBCFF) has announced today that further to its press release dated June 9, 2016, the Toronto Stock Exchange's (the “TSX“) scheduled delisting of the common shares and warrants of the Company has been extended to July 11, 2016.

This extension is intended to allow the Company additional time to pursue the transition of the listing of its common shares to the TSX Venture Exchange (the “TSXV“) in connection with the Company's proposed recapitalization transaction, as described in the press release of the Company dated April 5, 2016. There can be no assurance that a listing on the TSXV, or another exchange, will be obtained before MBAC is delisted from the TSX or at all.

FORWARD LOOKING STATEMENTS

This press release contains “forward–looking statements” within the meaning of applicable Canadian securities legislation. Forward–looking statements include, but are not limited to, statements related to activities, events or developments that the Company expects or anticipates will or may occur in the future, including, without limitation, statements concerning the Company's expectations regarding its ability to obtain a listing on the TSXV or another exchange. Forward–looking statements are often identified by the use of words such as “plans”, “planning”, “planned”, “expects” or “looking forward”, “does not expect”, “continues”, “scheduled”, “estimates”, “forecasts”, “intends”, “potential”, “anticipates”, “does not anticipate”, or “belief”, or describes a “goal”, or variation of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.

Forward–looking statements are based on a number of factors and assumptions made by management and considered reasonable at the time such statements are made, and forward–looking statements involve known and unknown risks, uncertainties and other factors may cause the actual results, performance or achievements to be materially different from those expressed or implied by the forward–looking statements. Such risk factors include, but are not limited to, actions taken by creditors of the Company, shareholders, regulators, governmental agencies and other stakeholders to enforce their rights; the Company's ability to finalize a plan under the recapitalization transaction on the terms contemplated, if at all; the Company's ability to complete the recapitalization transaction in the timeframe contemplated, if at all; the Company's ability to transition the listing of the common shares to the TSXV or another exchange; the Company's ability to generate sufficient cash flow from operations or obtain adequate financing to fund its capital expenditures and meeting working capital needs; as well as those factors disclosed in the Company's current Annual Information Form and Management's Discussion and Analysis, as well as other public disclosure documents, available on SEDAR at www.sedar.com.

Although MBAC has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward–looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward–looking statements will prove to be accurate. The forward looking statements contained herein are presented for the purposes of assisting investors in understanding the Company's plans, objectives and goals and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward–looking statements. Except as required by law, MBAC disclaims any obligation to update any such factors or to publicly announce the result of any revisions to any of the forward–looking statements contained in this press release to reflect future results, events or developments.

About MBAC

MBAC is focused on becoming a significant integrated producer of phosphate fertilizers and related products in the Brazilian market. MBAC has an experienced team with significant experience in the business of fertilizer operations, management, marketing and finance within Brazil. MBAC owns and operates the Itafós Arraias SSP Operations, which consists of an integrated fertilizer producing facility comprised of a phosphate mine, a mill, a beneficiation plant, a sulphuric acid plant, an SSP plant and a granulation plant and related infrastructure located in central Brazil (“Itafós Operations“). The Itafós Operations are estimated to have production capacity of approximately 500,000 tonnes of SSP per annum. MBAC's exploration portfolio includes a number of additional exciting projects, which are also located in Brazil. The Santana Phosphate Project is a high–grade phosphate deposit located in close proximity to the largest fertilizer market of Mato Grosso State and animal feed market of Pará State.

Vancouver Carpet Cleaner Publishes FAQ List

VANCOUVER, BC—(Marketwired – June 24, 2016) – As the founder of FabriClean, Angelo Di Pomponio knows that people can have a lot of questions, particularly if they've never hired a carpet cleaner before. To help answer some of the most common questions received by his staff, Angelo has compiled and published a list that addresses some of the greatest concerns about choosing a carpet cleaner. For more information, go to: http://www.inhomecleaning.ca/faq–s

“Choosing a carpet cleaner doesn't seem like a terribly difficult task until you start thinking about the details. For example, many carpet cleaners use chemical cleaners that are great for stain removal, sanitization, and fragrance, but could have adverse effects on small children and pets.”

Other questions commonly fielded by Angelo's team involve issues about service and maintenance, such as “How long will it take to dry?” “Can I walk on the damp carpets?” and “Does stain protection really work?”

“We want people to understand what differentiates us from our competitors,” explains Angelo. “Carpet cleaning is one of those areas where different tools and cleaners really do have an impact. We've been in business since 1985, and all our professional products are eco–friendly, non–toxic, and biodegradable. They are safe for children and pets.”

Angelo urges homeowners to ask questions before booking a cleaning appointment.

“It's your home, so do your research. Make sure your cleaner understands what's needed and ask if you're not sure. That way, everyone will be satisfied with the end result.”

About the Company

Angelo's FabriClean is a premier carpet and upholstery cleaning company in the Greater Vancouver and Lower Mainland area, offering carpet, area rug, upholstery, and mattress cleaning services. Angelo's is owned and operated by a close–knit family that pays special attention to customer satisfaction and excellent service. It is 100% Canadian, with over a quarter–century of experience in in–house cleaning and care. Their technicians are trained and certified, arriving fully equipped to perform the cleaning at the client's convenience. Angelo's FabriClean uses state–of–the–art equipment, as well as top–of–the–line cleaning products. For more information, log on to http://www.inhomecleaning.ca/ or call (604) 421–1855.