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TSX Delisting Review – MBAC Fertilizer Corp. (MBC, MBC.WT)

April 6, 2016

DELISTING REVIEW MBAC Fertilizer Corp. (the "Company") – Further to Bulletin #2016-0279 dated March 23, 2016 TSX is now reviewing the common shares and warrants (Symbol: MBC and MBC.WT) (collectively the "Securities") of the Company with respect to meeting the requirements for continued listing pursuant to the Expedited Review Process. The Securities are currently halted from trading due to the imposition of a Cease Trade Order by the Ontario Securities Commission. Additionally, the Securities are suspended from trading.

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TMX Group's key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes including equities, fixed income and energy. Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, NGX, BOX Options Exchange, Shorcan, Shorcan Energy Brokers, AgriClear and other TMX Group companies provide listing markets, trading markets, clearing facilities, depository services, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across Canada (Montréal, Calgary and Vancouver), in key U.S. markets (New York, Houston, Boston and Chicago) as well as in London, Beijing, Singapore and Sydney. For more information about TMX Group, visit our website at http://www.tmx.com. Follow TMX Group on Twitter: @TMXGroup.