Phosphoric Acid, Phosphates & Fertilizers Experts

Itafos Announces Resignation of Director and Appointment of Interim Chairman

TORONTO, ON – November 21, 2019 – Itafos (TSX VENTURE: IFOS) (the “Company”) announced today that Mr. Brent de Jong, Chairman of the Company’s Board of Directors, has stepped down as Chairman and member of the Company’s Board of Directors. The Company thanks Mr. de Jong for his service and contributions and wishes him well in his future endeavors.

Following Mr. de Jong’s resignation, the Company’s Board of Directors will consist of Mr. Anthony Cina, Mr. David Delaney, Mr. Evgenij Iorich, Dr. Mhamed Ibnabdeljalil (interim CEO) and Mr. Ronald Wilkinson. The Company’s Board of Directors has appointed Mr. Cina to serve as Chairman on an interim basis.