Ann: Encouraging Results - Recommencement of Dril, page-11

re: Ann: Encouraging Results - Recommencement... FYI

MNB has recommenced exploratory drilling on the Cacata ore body at the Cabinda Phosphate Project in the Republic of Angola and has intersected high grade material similar to previous intercepts.

The Cacata deposit was initially drilled in December 2010 which highlighted high grade intercepts of greater than 30% phosphate (P2O5). MNB 'is' encouraged by the first four holes in the current program at the Cacata deposit as they provide confidence in the high grade nature, depth and thickness of mineralisation. MNB has access to over 400,000 hectares of highly prospective ground that is actively being drilled.

Also - Fertilizer manufacturers usually require that the phosphate rock they are using to make fertilizers has a P2O5 grade of about 29% or more. Since most phosphate deposits have a grade below that level, the ore that is extracted from the deposits typically needs to be upgraded into a phosphate rock concentrate (known as phosrock) before it is shipped to fertilizer producers. The upgrading process ("benefication") usually involves washing, separation, flotation and concentration.

Fertilizer producers obtain phosphorus only from phosphate rock. There are no "substitute sources".

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http://www.proactiveinvestors.com.au/companies/news/16652/minbos-resources-hits-more-high-grade-phosphate-at-cabinda-project-in-angola-16652.html

http://www.stonegateagricom.com/s/UseInFertilizers.asp