Ms. Karyn Legg of Tembo reports

TEMBO CAPITAL MINING FUND LP ACQUIRES COMMONS SHARES OF DUSOLO FERTILIZERS INC.

Pursuant to a non-brokered private placement of DuSolo Fertilizers Inc. of common shares which closed on Oct. 1, 2014, Tembo Capital Mining Fund LP of Carinthia House, 9-12 The Grange, St. Peter Port, Guernsey, GY1 4BF, United Kingdom, acquired 18,518,519 common shares of DuSolo at a price of 27 cents per share for a total subscription price of $5-million.

Immediately following the closing of the offering, Tembo Capital Mining Fund had beneficial ownership of, and control and discretion over, directly or indirectly, 18,518,519 common shares, or approximately 14.3 per cent of the issued and outstanding common shares of DuSolo.

Tembo Capital Mining Fund is an accredited investor, and therefore, DuSolo relied on the exemption from prospectus and registration requirements in connection with the foregoing transaction, contained in Section 2.3 of National Instrument 45-106 Prospectus and Registration Exemptions.

Tembo Capital Mining Fund acquired beneficial ownership of, and control or discretion over, the common shares that are the subject of this report for investment purposes, and intends to review its investment in DuSolo on a continuing basis.