Published: March 10, 2010

MBAC Fertilizer Corp. Announces Filing of Second Quarter Financial Statements

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TORONTO, ONTARIO - (Marketwire - March 10, 2010) - MBAC Fertilizer Corp. (TSX:MBC) ("MBAC" or the "Company") announced today that it has filed its second quarter interim consolidated financial statements and related management's discussion and analysis for the three and six month period ended January 31, 2010. A copy of the interim consolidated financial statements can be found on the Company's SEDAR profile at www.sedar.com and on the Company's website (www.mbacfert.com).

About MBAC Fertilizer Corp.

MBAC Fertilizer Corp. is focused on becoming a significant integrated producer of phosphate and potash fertilizer in the Brazilian market. In October 2008, MBAC indirectly acquired all of Itafos Mineracao Ltda ("Itafos"), which holds a 100% interest in the Itafos phosphate mine and related infrastructure. MBAC has also recently expanded its property portfolio in Brazil with the acquisition of two potash exploration projects and one additional phosphate exploration project. MBAC is continuing to search for additional fertilizer opportunities in the Brazilian and other Latin-American markets. Strong agricultural fundamentals in Latin-America combined with unique opportunities in Brazil are expected to provide attractive growth opportunities for MBAC.

THE TSX DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. www.mbacfert.com