Stonegate Agricom Ltd (SNRCF)

Stonegate Agricom Ltd was incorporated on August 18, 2008 as a result of the Amalgamation involving NumCo, which indirectly owned the Mantaro Project and the Alora Concessions, and SML. The Company is engaged in the acquisition, exploration and development of agricultural nutrient projects. Stonegate is currently undertaking to develop the Paris Hills Phosphate Project ("Paris Hills" or the "Project") located in Bear Lake County, Idaho, USA. It also continues to maintain its interest in the Mantaro Phosphate Project ("Mantaro") located in Huancayo, Peru. The Company is currently in the permitting stage and preparing for the development of Paris Hills. The Company has been focused on several permitting activities including the required groundwater sampling, drilling and testing of an aquifer pump well on the Project property which was completed in January 2014. The Company's projects include Mantaro Phosphate Project and Paris Hills Phosphate Project. The Mantaro Phosphate Property is located approximately 250 km east of Lima, Peru in the Andean altiplano near the city of Huancayo, Junin District. The Mantaro Phosphate Property encompasses 27,700 hectare trending in a northwesterly direction approximately 30 km from approximately 3 km south of the town of Aco in the southeast to 6 km southeast of the town of Jauja along the Mancaspico syncline. The Paris Hills Phosphate Project is comprised of three patented lode mining claims and 21 contiguous fee parcels covering a total of approximately 2,495 acres (1010 hectares) located in Bear Lake County, Idaho, approximately 72 kilometres south of active phosphate mining operations at Soda Springs (regional operators include Agrium Inc., Monsanto Company and J.R. Simplot Company). These properties contain high quality phosphate deposits that are strategically located in two of the world's richest agricultural centres in North and South America. The Company is subject to various environmental laws and regulations.