FCV Focus Ventures Ltd. (delisted)

Focus Ventures Ltd. (TSX VENTURE:FCV) ("Focus") and Stonegate Agricom Ltd.
(TSX:ST) ("Stonegate") announce that they have agreed to extend the due
diligence period for a previously announced acquisition by an additional 42 days
in order to permit Focus to have additional time to complete its studies. 


Focus and Stonegate announced on May 21, 2013 that they had signed a Letter of
Intent pursuant to which Focus has the right to acquire from Stonegate, subject
to successful due diligence over a period of 90 days, a 70% interest in the
Mantaro phosphate deposit, located 250 km east of Lima in the District of Junin,
central Peru. Details of the transaction are available in a joint news release
issued on May 21, 2013.


About Focus Ventures

Focus, through its subsidiary Agrifos, is acquiring and developing quality
phosphate projects in Latin America where the discovery and development of new
deposits is becoming increasingly important given the expanding agricultural
industry and limited local supply of phosphate for fertilizer production. 


Further information is available at www.focusventuresltd.com.

About Stonegate Agricom

Stonegate Agricom, which is actively engaged in acquiring and developing
agricultural nutrient projects, is currently focused on the development of the
potentially world-class, long-life Paris Hills Phosphate Project located in
Idaho. The Company is confident that the deposit has sufficient size and grade
to become a strategic, cost-effective source of phosphate supply for major
fertilizer producers. More information is available at www.stonegateagricom.com.


ON BEHALF OF THE FOCUS BOARD

David Cass, President 

Symbol: (TSX VENTURE:FCV)

Shares Issued: 40.1-million

Neither the TSX Venture Exchange nor the Investment Industry Regulatory
Organization of Canada accepts responsibility for the adequacy or accuracy of
this release.


Cautionary Note Regarding Forward-Looking Statements

Some of the statements in this news release contain forward-looking information
that involves inherent risk and uncertainty affecting the businesses of Focus
Ventures Ltd. and Stonegate Agricom Ltd. Actual results may differ materially
from those currently anticipated in such statement.


This news release contains "forward-looking statements" and "forward-looking
information" within the meaning of applicable law. Generally, forward-looking
statements and forward-looking information can be identified by the use of
forward-looking terminology such as "plans", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates" or "does not anticipate", "believes", or variations of such words
and phrases or statements that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur" or "be achieved". All
forward-looking statements and forward-looking information are based on
reasonable assumptions that have been made as at the date of such information.
Forward-looking statements and forward-looking information are subject to known
and unknown risks, uncertainties and other factors that may cause the actual
results, level of activity, performance or achievements to be materially
different from those expressed or implied by such forward-looking statements and
forward-looking information, including but not limited to: risks relating to
whether Focus and Stonegate complete the transaction described in this news
release, uncertainty in the estimation of mineral reserves and resources,
uncertainty of inferred mineral resources, mineral exploration, reliability of
historical exploration work, risks relating to assumptions used in preparation
of the Feasibility Study on the Lower Phosphate Zone of the Paris Hills
Phosphate Project as well as those factors discussed in the section entitled
"Risk Factors" in Stonegate's most recently filed annual information form
available at www.sedar.com. Although Stonegate has attempted to identify
important factors that could cause actual results to differ materially from
those contained in forward-looking statements and forward-looking information,
there may be other factors that cause results not to be as anticipated,
estimated or intended. There can be no assurance that such information will
prove to be accurate, as actual results and future events could differ
materially from those anticipated in such statements or information.
Accordingly, readers should not place undue reliance on forward-looking
statements or forward-looking information. The forward-looking statements and
forward-looking information contained in this news release are included for the
purpose of providing investors with information to assist them in understanding
the expected financial and operational performance and may not be appropriate
for other purposes. Focus and Stonegate do not undertake to update any
forward-looking statement or forward-looking information that is included
herein, except in accordance with applicable securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Focus Ventures Ltd.
Ralph Rushton
(604) 688-5288
(604) 682-1514 (FAX)
info@focusventuresltd.com
www.focusventuresltd.com


Stonegate Agricom Ltd.
Wayne Cheveldayoff
Vice President, Investor Relations
(416) 479-4359
wcheveldayoff@stonegateagricom.com
www.stonegateagricom.com

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