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IFOS.V ·

Itafos Posts Updated Corporate Presentation to Website

Marketing Announcement

ITAFOS POSTS UPDATED CORPORATE PRESENTATION TO WEBSITE

TORONTO, ON – December 3, 2018 – Itafos (TSX VENTURE: IFOS) (the “Company”) announced

today that it has posted an upda ted corporate presentation on the Company’s website,

www.itafos.com. The corporate presentation can be locat ed under the Investors - Presentations &

Fact Sheets page of the website.

About Itafos

Itafos is a vertically integrated phosphate based fe rtilizers and specialty products company with an

attractive portfolio of long-term strategic businesses located in key fertilizer markets worldwide.

Itafos is managed by an experienced and diverse team with extensive operations, commercial and

financial expertise. Itafos owns and operates Itafos Conda, a vertically integrated phosphate fertilizer

business with production and sales capacity of approximately 550,000 t per year of monoammonium

phosphate, superphosphoric acid, merchant grade phosphoric acid and specialty products including

ammonium polyphosphate located in Idaho, U.S. and Itafos Arraia s, a vertically integrated

phosphate fertilizer business with production and sales capacity of approximately 500,000 t per year

of single superphosphate located in Tocantins, Brazil. Itafos owns and is developing Itafos Paris

Hills, a high-grade phosphate mine project located in Idaho, U.S., Itafos Farim, a high-grade

phosphate mine project located in Farim, Guinea Bissau, Itafos Santana, a vertically integrated high-

grade phosphate fertiliz er project located in Pará, Brazil, Ita fos Araxá, a phosphate and rare earth

oxide mine project located in Minas Gerais, Braz il and Itafos Mantaro, a high-grade phosphate mine

project located in Junin, Peru.

For more information, please visit the Company’s website, www.itafos.com.

Non-IFRS Financial Measures

The Company believes Adjusted EBITDA provides us eful supplemental information to investors,

analysts, lenders and others in order to eval uate the Company’s operational and financial

performance. Adjusted EBITDA does not have any standardized meaning under IFRS and may be

calculated differently by other issuers. The Comp any defines “Adjusted EBITDA” as earnings before

interest, taxes, depreciation and amortization adj usted for non-cash, extraordinary, non-recurring

and other items unrelated to the Company’s core operating activities. T he Company calculates

Adjusted EBITDA from both net income (loss) and operating income (loss). Non-IFRS financial

measures should not be considered as a substitute for, nor s uperior to, measures of financial

performance prepared in accordance with IFRS.

Forward-Looking Statements

Certain information contained in this news releas e constitutes forward l ooking information. All

information other than inform ation of historical fact is forward looking informat ion. The use of any of

the words “intend”, “anticipate”, “p lan”, “continue”, “estimate”, “expect”, “may”, “will”, “project”,

“should”, “would”, “believe”, “predict” and “potential” and similar expressions are intended to identify

forward looking information. This information involves known and unknown risks, uncertainties and

other factors that may cause actual results or events to differ mate rially from thos e anticipated in

such forward looking information. No assurance c an be given that this info rmation will prove to be

correct and such forward looking information included in this news release should not be unduly

relied upon.

Forward looking information is subject to a number of risks and other factors that could cause actual

results and events to vary materia lly from that anticipated by such forward looking information.

Although the Company has attempted to identify import ant factors that could c ause actual results to

differ materially from those contained in forward-l ooking statements, there ma y be other factors that

cause results not to be as antici pated, estimated or int ended. Factors that may cause actual results

to differ materially from expected results described in forward-looking statements include, but are not

limited to, those risk factors set out in t he Company’s Management Discussion and Analysis and

other disclosure documents availabl e under the Company’s profile at www.sedar.com. Readers are

cautioned that the foregoing list of risks, uncertainties and assump tions are not exhaustive. The

forward looking information included in this news re lease is expressly qualifi ed by this cautionary

statement and is made as of the date of this news release. Itafos undertakes no obligation to publicly

update or revise any forward looking information except as required by applicable securities laws.

NEITHER THE TSX VENTURE EXCHANGE NOR IT S REGULATION SERVICES PROVIDER (AS

THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS

RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

For further information, please contact:

Itafos

Robert Winslow

[email protected]

www.itafos.com