GrowMax Prepare Phosphate Exploration Drilling Program at Peru

GrowMax Agri Corp.is pleased to announce that it is preparing to conduct an exploratory drilling program for phosphates in the southern-most block of GrowMax's Bayovar concession. This phosphate drilling program is a separate and distinct activity from GrowMax's potash brine project. This phosphate drilling program is a separate and distinct activity from GrowMax's potash brine project. GrowMax anticipates finalizing its pre-feasibility study regarding its potash fertilizer project before the end of September 2010.

GrowMax is in the final stages of obtaining the necessary approvals for the drilling program and is expecting to begin drilling by October 2010. The program includes 20 boreholes, each ranging in depth from 60 meters to 120 meters.

Phosphate zone at the mine is contained in the sedimentary Zapayal formation (miocene), which is dipping to the North under GrowMax's acreage, conforming to the geological attitude of the basin. GrowMax's drilling program targeting the Zapayal formation is expected to confirm the depth and thickness of the phosphate resource. This southern-most block is 16,837 acres or 68 square kilometers in size and is located a few kilometers to the North-East of the open-pit surface mine which was put into production in July 2010 by Brazilian miner Vale in a joint venture with The Mosaic Company and Japan's Mitsui & Co., Ltd. This mine has an expected capacity of 3.9 million metric tonnes per year of phosphate rock.