Minbos Resources Limited announced that the Ministry of Agriculture has affirmed its support for the Company's proposal to produce Green Ammonia and nitrogen (N) fertilizer in Angola. Through the President's Secretary for the Productive Sector, the Company submitted a Letter of Intent (LOI) to the Ministry of Agriculture and Fisheries, Ministry of Energy and Water and the Ministry of Mineral Resources and Petroleum. The LOI outlined a proposal to develop a Nitrogen fertilizer facility using Green Ammonia produced from hydro-electric power from the Capanda Hydroelectric Dam. The Capanda Hydroelectric Dam is a hydroelectric dam on the Kwanza River, in Malange Province of Angola. The facility generates power from four turbines of 130 megawatts each, giving total installed capacity of 520 megawatts. The Ministry of Agriculture and Fisheries has confirmed to Minbos its intention to grant the Company the land necessary for establishing a Green Ammonia and Nitrogen fertilizer facility in the P?lo Agroindustrial de Discussions with the Ministry of Energy have confirmed that 100MW of hydro-power is available for the project and the Company has been invited to make a submission for a staged tariff structure to offset high fixed costs during the market development phase. Nitrogen fertilizer from Green Ammonia represents a natural progression for Minbos to produce and distribute NPK fertilizer for Angola by adding Nitrogen (N) to Phosphate (P) from the Cabinda Phosphate Project, targeting the delivery of locally produced NPK fertilizer to one of the world's most prospective agricultural regions. Capanda (Capanda Hydroelectric Dam) with the Ministry agreeing to provide the necessary support for implementation of the project. The proposed land allocation is within 10km of the Capanda Hydroelectric substation, where the Company plans to develop its Nitrogen fertilizer facility. It is located within trucking distance to the Malange agricultural corridor and major regional mining projects. The strategic location reduces transport and distribution costs, ensuring the projects competitive cost advantage is maintained.