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MBAC Fertilizer Corp.

03:49 PM EST - MBAC Fertilizer Corp. : reported positive drilling results from ongoing Phosphate exploration work at the Santana project in the southern Para State, Brazil. The results from the first drill hole produced an average grade of 17% P2O5 for the first 27 metres, which is consistent with the Company's expectations following the systematic surface sampling, ground geophysics and auger drilling results as reported previously. MBAC Fertilizer Corp. shares T.MBC are trading up $0.06 at $3.29.