OUR VALUE PROPOSITION TO INVESTORS

• Invest in China from Canada

• Good corporate governance and transparency

• World’s fastest growing fertilizer market

• Only foreign fertilizer play mining in China

• Has rights to Hubei province’s remaining rich phosphate deposits

• Full integration from raw materials through manufacturing to the market

• Capturing the entire value chain

• Spur is in China on the frontline every day

• More flexible, lower cost

• Experienced Board

• Seasoned senior management team combining best of Canada and China business cultures

Spur is a sustainable, defensive China play