VANCOUVER, British Columbia, Dec. 21, 2017 (GLOBE NEWSWIRE) -- Focus Ventures Ltd. (TSX VENTURE:FCV) announces that
in accordance with its agreement to issue common shares to Gordon Tainton in part consideration for his ongoing services as
President of the Company, an installment of 458,333 shares has been issued to Mr. Tainton for services rendered during the three
months ended October 31, 2017. The Company has also issued 350,000 common shares to David Cass for geological services
provided to the Company during the five months ended November 30, 2017. All of the shares have a resale restriction which
expires on April 20, 2018.
About Focus
Focus is developing the Bayovar 12 phosphate deposit located 40 km from the coast in the Sechura District of
northern Peru. Bayovar 12 hosts a large resource of highly-reactive sedimentary phosphate rock - a key raw material input for
phosphate fertilizers and vital to world food production. Reactive phosphate rock from Sechura is a natural, slow-release
source of phosphorus that can be applied directly to crops. One of Focus’s objectives is to supply direct application
phosphate rock to the agricultural regions of Central and South America and Southeast Asia.
For further information, please visit our web site www.focusventuresltd.com.
ON BEHALF OF THE BOARD
Simon Ridgway, Chief Executive Officer
Symbol: TSXV-FCV
Shares Issued: 234.4-million
For further information, contact:
Gordon Tainton, President
Tel: 604-248-8380; Fax: 604-682-1514
Email: info@focusventuresltd.com
Website: www.focusventuresltd.com
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts
responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Certain statements contained in this news release constitute forward-looking statements within the meaning
of Canadian securities legislation. All statements included herein, other than statements of historical fact, are
forward-looking statements and include, without limitation, statements about the issuance of shares by the
Company. Often, but not always, these forward looking statements can be identified by the use of words such as
“estimate”, “estimates”, “estimated”, “potential”, “open”, “future”, “assumed”, “projected”, “used”, “detailed”, “has been”,
“gain”, “upgraded”, “offset”, “limited”, “contained”, “reflecting”, “containing”, “remaining”, “to be”, “periodically”, or
statements that events, “could” or “should” occur or be achieved and similar expressions, including negative
variations.
Forward-looking Statements involve known and unknown risks, uncertainties and other factors which may cause
the actual results, performance or achievements of the Company to be materially different from any results, performance or
achievements expressed or implied by forward-looking statements. Such uncertainties and factors relate to, among other
things, whether the Company will issue shares for services in the future; changes in general economic conditions
and financial markets; the Company or any joint venture partner not having the financial ability to meet its exploration
and development goals; risks associated with the results of exploration and development activities, estimation of mineral resources
and the geology, grade and continuity of mineral deposits; unanticipated costs and expenses; and such other risks detailed
from time to time in the Company’s quarterly and annual filings with securities regulators and available under the Company’s
profile on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that could cause
actual actions, events or results to differ materially from those described in forward-looking statements, there may be other
factors that cause actions, events or results to differ from those anticipated, estimated or intended.
Forward-looking statements contained herein are based on the assumptions, beliefs, expectations and opinions
of management, including but not limited to: that the Company will issue shares for services in the future as
planned; that there will be no material adverse change affecting the Company or its properties; and such other assumptions
as set out herein. Forward-looking statements are made as of the date hereof and the Company disclaims any obligation to
update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as
required by law. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue
reliance on forward-looking statements.
