Focus Ventures Ltd. and Stonegate Agricom Ltd. have agreed to extend the due diligence period for a previously announced acquisition by an additional 42 days in order to permit Focus to have additional time to complete its studies.

Focus and Stonegate announced on May 21, 2013 that it had signed a Letter of Intent pursuant to which Focus has the right to acquire from Stonegate, subject to successful due diligence over a period of 90 days, a 70% interest in the Mantaro phosphate deposit, located 250 km east of Lima in the District of Junín, central Peru. Details of the transaction are available in a joint news release issued on May 21, 2013.