Canada Fluorspar Inc.

Canada Fluorspar Inc. is developing a large fluorspar asset in St. Lawrence, Newfoundland, Canada, and is moving forward to reactivate existing underground fluorspar mines, expand an existing mill and construct related infrastructure to export fluorspar concentrate product (Acidspar). Currently, the company is scheduled to be in production before the end of 2014. The initial two fluorspar veins, Blue Beach North and Tarefare, are within the Newspar 50/50 partnership with Arkema Inc. Newspar anticipates production to average approximately 130 Kmtpa fluorspar filtercake concentrate. Canada Fluorspar is scheduled to drill two of its remaining 100%-owned, 30+ known veins in 2013. The company manages its balance sheet and expenses prudently and continues to look at growth opportunities. Canada Fluorspar's strategy centers on increasing shareholder value by pursuing and developing high-potential industrial mineral projects.