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Itafos Reports FY2016 Results and Latest Corporate Presentation

Financials Marketing Announcement

ITAFOS REPORTS FY2016 RESULTS AND LATEST CORPORATE PRESENTATION

TORONTO, ON – April 26, 2017 – Itafos (TSX VENTURE: IFOS) (“ Itafos” or the “Company”) announced

today its results for the financial year ended December 31, 2016.

The Financial Statements and Managem ent Discussion and Analysis (“ MD&A”) for the year ended

December 31, 2016 are available under the Company’s profile at www.sedar.com and at the Company’s

website, www.itafos.com.

Itafos also announced that its latest corporate present ation is now available at the Company’s website,

www.itafos.com.

About Itafos

Itafos (TSX VENTURE: IFOS) is focused on becoming a significant integrated producer of phosphate based

fertilizers and related products. Itafos has an experienced team with significant experience in the business of

fertilizer operations, management, mark eting and finance. Itafos owns a nd operates the Itafos-Arraias SSP

Operations, which consists of an integrated fertilizer producing facility comprised of a phosphate mine, a

mill, a beneficiation plant, a sul phuric acid plant, an SSP plant and a granulation plant and related

infrastructure located in central Brazil. Itafos’ exploration portfolio includes a number of additional projects in

Brazil, including the Santana Project, a high-grade ph osphate deposit located in close proximity to the

largest fertilizer market of Mato Grosso State and animal feed market of Pará State, and the Araxá Project, a

high-grade rare earth elements, ni obium and phosphate deposit located in close proximity to two operating

mines, therefore benefiting from existing local infras tructure. In addition, Itafo s owns an approximate 31.3%

interest in GB Minerals Ltd. wh ich owns the Farim Project, a hi gh-grade phosphate deposit located in

Guinea Bissau and an approxim ate 35.4% interest in Stonegate Agrico m Ltd. which owns the Paris Hills

Project, a high-grade phosphate deposit located in Idaho, United States and the Mantaro Project, a high-

grade phosphate deposit located in Peru.

About The Blueshirt Group

The Blueshirt Group provides capita l markets expertise and strategic fi nancial and media relations counsel

to growth companies and venture capital firms globa lly. Founded in 1999, The Blueshirt Group has earned

its reputation as a leader in investor relations (IR) , financial communications, financial media relations and

crisis management.

For more information, please visit http://www.blueshirtgroup.com.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the

TSXV) accepts responsibility for the adequacy or accuracy of this release.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Itafos

Brian Zatarain, Chief Executive Officer

[email protected]

www.itafos.com

The Blueshirt Group

Gary Dvorchak, CFA

Managing Director

+1 (323) 240-5796

[email protected]