| •July 1986 |
Spur incorporated in Vancouver, Canada |
| •August 1996 |
JV agreement on phosphate deposits with Chinese company called YPCC |
| •1998 |
Preliminary feasibility study |
| •1999 |
Bankable Feasibility Study |
| •March 1999 |
Yichang Phosphate Project approved by Chinese cabinet |
| •4Q 2000 |
Feasibility and environmental study completed |
| •March 2001 |
EPA approved environmental study |
| •April 2002 |
SPDC approved feasibility study |
| •December 2002 |
YMC Joint Venture formalized (90% Spur, 10% YPCC) |
| •2003 |
Business License for development approved |
| •2003 |
Steven Dean becomes Spur’s Chairman |
| •Nov. 2003 |
Spur created YSC by acquiring Xinyuan Chemicals Ltd. in Yidu city |
| •Feb 2004 |
YPCC received Mining Permit for Dianziping deposit |
| •Oct 2004 |
YPCC received Mining Permit for Shukongping deposit |
| •April 2004 |
Spur ownership of YSC finalized at 72.18% |
| •2005 |
Spur hires its first full time CEO Dr. Rob Rennie |
| •March 2005 |
60K tpa phosphoric acid (100% P2O5) plant commissioned |
| •March 2005 |
Spur contributes 15% of Registered Capital in YMC |
| •May 2005 |
Spur signs merger agreement with Tianren |
| •May 2006 |
Spur opens a representative office in Beijing |
| •Pending |
License transfer from YPCC to YMC |
