Scientific and Technical Information

Scientific and Technical Information

The Três Estradas Phosphate Project, is the only material project of Aguia Resources Limited (“Aguia”) for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).

All scientific and technical information relating to the Três Estradas Phosphate Project which forms part of the Rio Grande Projects is based on and derived from the NI 43-101 technical report entitled “Technical Report, Três Estradas Phosphate Project, Rio Grande do Sul, Brazil, Preliminary Economic Assessment” with an effective date of June 24, 2016. The Preliminary Economic Assessment contained in this technical report for the Três Estradas Phosphate Project is preliminary in nature and includes inferred mineral resources. Inferred mineral resources are considered too speculative geologically to have technical and economic considerations applied to them that would enable them to be categorized as mineral reserves. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Accordingly, there can be no certainty that the results estimated in the Preliminary Economic Assessment will be realized. The above mentioned technical report was prepared by “qualified persons” within the meaning of NI 43-101. The information contained herein is subject to all of the assumptions, qualifications and procedures set out in the technical report and reference should be made to the full details of the technical report which have been filed with the applicable regulatory authorities and is available on Aguia’s profile at www.sedar.com.

Disclosure on this website of scientific and technical information relating to the Lucena Phosphate Project has been reviewed and approved by Dr. Fernando Tallarico, who is a member of the Association of Professional Geoscientists of Ontario and a full-time employee of Aguia. Dr Tallarico has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (“JORC Code”) and he is a Qualified Person pursuant to NI 43-101.

Cautionary Note regarding Forward-Looking Information

Certain information set forth in this site contains “forward-looking statements” and “forward-looking information” under applicable securities laws which includes information related to the exploration and development of the Rio Grande Projects and the Lucena Project, and management’s assessment of future plans and operations and are based on Aguia’s current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking information may be identified by words such as “expects” “anticipates”, “believes”, “projects”, “plans”, and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking information may necessarily involve known and unknown risks and uncertainties, which may cause Aguia actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking information. These risks and uncertainties include, but are not limited to: liabilities inherent in mine exploration, development and production; geological, mining and processing technical problems; Aguia’s inability to obtain required mine licenses, mine permits and regulatory approvals required in connection with exploration, development, mining and mineral processing operations; competition for, among other things, capital, acquisitions of resources and reserves, undeveloped lands and skilled personnel; changes in commodity prices and exchange rates; currency and interest rate fluctuations; various events which could disrupt exploration and development, including labour stoppages and severe weather conditions; and management’s ability to anticipate and manage the foregoing factors and risks. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Aguia undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking information.