ELE.TO · 2017-01-30 12:00:00

Dusolo 2016 Annual Financial Statement Filing Delayed

Financials

462502 v2

Suite 1100 – 1111 Melville Street, Vancouver, B.C., Canada, V6E 3V6

Tel. 604-484-7122 Fax. 604-484-7143 | www.DuSolo.com

DUSOLO 2016 ANNUAL FINANCIAL STATEMENT

FILING DELAYED

January 30, 2017 - VANCOUVER, BRITISH COLUMBIA: DuSolo Fertilizers Inc. (TSX-

V:DSF) (“DuSolo” or “the Company”) announces that it will be late in filing its audted

financial statements for the year ended September 30, 2016 and certain related filings.

On January 30, 2017, Dusolo is required to file:

1. Audited annual financial statements for the year ended September 30, 2016 as

required by Part 4 of National Instrument 51 -102 Continuous Disclosure

Obligations;

2. Management's discussion and analysis relating to the audited annual financial

statements, as required by Part 5 of National Instrument 51 -102 Continuous

Disclosure Obligations; and

3. CEO and CFO certificates relating to the audited annual financial statements, as

required by National Instrument 52 -109 Certification of Disclosure in Issuers'

Annual and Interim Filings (collectively, the “required filings”).

Dusolo has undergone significant management changes since the completion of its last

annual filings, and it changed its auditor to Ernst & Young LLP (“E&Y) in September 2016.

New management working with new auditors has resulted in some delays, and

management is still in the process of obtaining and providing E&Y with the documents and

information which it requires to complete the 2016 audit. Dusolo currently anticipates the

required filings will be made on or about February 15, 2017.

Dusolo has applied to the securities commissions of the provinces in which it is a reporting

issuer to impose a management cease trade order for the duration of the default. Until

the required filings are made and the management cease trade order is lifted, Dusolo will

satisfy the requirements of the alternative information guidelines set out in National Policy

12-203 Management Cease Trade Orders (the “MCTO Policy”) which require Dusolo to

issue bi-weekly news releases to keep the market continuously informed of any

developments during the period of the default.

462502 v2

Suite 1100 – 1111 Melville Street, Vancouver, B.C., Canada, V6E 3V6

Tel. 604-484-7122 Fax. 604-484-7143 | www.DuSolo.com

On behalf of DuSolo Fertilizers Inc.

Giles Baynham, Chief Executive Officer and Director

For more information contact:

(604) 484 7122

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.