Stonegate Drilling Activity Expands Area of High-Grade Intercepts at the Paris Hills Phosphate Project in Idaho

TORONTO, April 19 /CNW/ --
TORONTO, April 19 /CNW/ - Stonegate Agricom Ltd. ('Company') (TSX: ST)
today announced additional definition drilling results that
significantly expand the area of high-grade intercepts at its Paris
Hills Phosphate Project in Idaho.

Detailed assay results reported in the table below include drill holes
in the northeastern part of the property in an area that had not been
previously drilled by Stonegate and are consistent with assay results
previously reported for holes in the southern and southwestern parts as
reported in news releases dated December 7, 2010, January 17, 2011 and
February 8, 2011.

Paris Hills Phosphate Project Assay Results as of April 19, 2011

                                                                                           

Zone       Hole        From        To     Interval    % P    CaO:P   % Al   % Fe    %     MER
                                                     (2)O    (2)O    (2)O   (2)O   MgO
                                                      (5)     (5)    (3)    (3)

Upper     PA012     256.64m     259.99m    3.25m     23.79   1.97    1.81   0.75   0.74   0.15
                    (842 ft)     (853     (11 ft)
                                  ft)

          PA014     368.50m     371.25m   2.74m (9   23.58   2.02    1.48   0.62   0.63   0.14
                   (1209 ft)     (1218      ft)
                                  ft)

          PA016B    80.16m      81.99m    1.83m (6   32.37   1.32    2.79   0.63   0.31   0.12
                    (263 ft)     (269       ft)
                                  ft)

          PA023     390.14m     393.80m    3.66m     23.61   1.94    1.29   0.55   0.43   0.10
                   (1280 ft)     (1292    (12 ft)
                                  ft)

          PA089     47.09m      48.92m    1.83m (6   25.80   1.40    4.27   0.99   0.38   0.23
                   (154.5 ft)   (160.5      ft)
                                  ft)

          PA109     651.21m     654.71m    3.51m     21.87   1.91    1.84   0.82   0.39   0.15
                    (2136.5      (2148     (11.5
                      ft)         ft)       ft)

Lower     PA012     318.67m     320.34m    1.68m     31.55   1.46    1.57   0.41   0.34   0.09
                   (1045.5ft)    (1051    (5.5 ft)
                                  ft)

          PA014     439.94m     441.17m   1.83m (6   31.55   1.47    0.98   0.73   0.35   0.07
                   (1443 ft)     (1449      ft)
                                  ft)

          PA023     447.29m     449.73m    2.44m     33.37   1.40    1.13   0.22   0.27   0.05
                    (1467.5     (1475.5   (8.0 ft)
                      ft)         ft)

          PA025     303.12m     304.95m   1.83m (6   31.86   1.46    0.97   0.43   0.39   0.06
                   (994.5 ft)   (1000.5     ft)
                                  ft)

          PA089     59.44m      61.87m    2.44m (8   33.82   1.37    1.53   0.54   0.16   0.07
                    (195 ft)     (203       ft)
                                  ft)

          PA109     715.37m     717.19m    1.88m     30.24   1.53    1.01   0.70   0.25   0.07
                   (2347 ft)     (2353    (6.2 ft)
                                  ft)

MER = minor element ratio

An updated map of the drill hole sites at the Paris Hills Phosphate
Project is available at: http://files.newswire.ca/923/Paris_Hills_Map.pdf

'With the release of holes PA109 and PA089, we are demonstrating the
consistency of the grades and thicknesses from the southern to the
northern part of the property.  These holes are approximately 2.4
kilometres apart.  Combined with previous announcements, we have now
reported assay results with consistently high grades for holes located
about 2,400 metres apart in a north-south direction and about 1,500
metres apart in an east-west direction,' said Mark Ashcroft, President
and Chief Executive Officer.

'The assay results continue to confirm the continuity and high-grade
nature of the Upper and Lower Zones with grades in the Lower Zone
averaging above 30% P(2)O(5). This last batch of assays concludes our reporting on our drilling
program of earlier this year prior to a pause due to spring melt.
Additional drilling is planned to commence this week in areas not yet
drilled, mostly in the northwestern and southwestern parts of the
property.'

The holes reported in the table above were drilled in the northeastern
and southeastern part of the property.  All drill holes are vertical
and the stratigraphy near horizontal and, accordingly, the intervals
are approximately true thickness. The Lower Zone in hole PA016B was not
intersected, as this hole was designed to intersect the Upper Phosphate
Zone only.

Drill core samples are submitted to ALS Laboratory Group in Elko,
Nevada, for preparation.  Analyses are being completed at ALS's
Vancouver laboratory.  Internal standard and blanks were submitted with
the samples as part of Stonegate's quality control program.

This news release has been reviewed and approved by Donald H. Hains,
P.Geo., Hains Technology Associates, who is a qualified person as
defined in National Instrument 43-101.

Additional technical information on the Paris Hills Phosphate Project is
contained in the Company's annual information form dated March 31,
2011.

About Stonegate Agricom

Stonegate Agricom, which is actively engaged in acquiring and developing
agricultural nutrient projects, is currently focused on the development
of two potentially world-class, long-life phosphate deposits, the
Mantaro Phosphate Project located in Peru and the Paris Hills Phosphate
Project located in Idaho. Stonegate is confident that the two deposits
have sufficient size and grade and are in the right locations to become
strategic, cost-effective sources of phosphate supply for major
fertilizer producers. The Company intends to continue definition and
exploration drilling to confirm and expand estimates of NI 43-101
compliant mineral resources in the deposits and then complete
feasibility studies leading to a decision to proceed with extracting
and processing the phosphate. More information is available at www.stonegateagricom.com.

Cautionary Note Regarding Forward-Looking Statements

This press 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 by
the Company 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 of the
Company to be materially different from those expressed or implied by
such forward-looking statements and forward-looking information,
including but not limited to: the general risks associated with the
speculative nature of the Company's business, commodity prices, current
global financial conditions, uncertainty of additional capital, price
volatility, the Mantaro and Paris Hills projects are advanced
exploration stage projects, limited operating history, no history of
earnings, government regulation in the mining industry, environmental
risks and hazards, impending climate change legislation, required
approvals and permits, foreign subsidiaries, political and economic
risk in Peru, risks relating to the retention of the Mantaro project,
risks relating to the retention of the Paris Hills project, expiration
of leases and permits for the Paris Hills Project, title to mineral
properties, obtaining and converting mineral concessions and surface
rights, community relations and project support, water rights,
exploration, development and operating risks, uncertainty in the
estimation of mineral resources, uncertainty of inferred mineral
resources, mineral exploration, reliability of historical exploration
work, absence of public trading market, risks associated with having a
controlling shareholder, arbitrary offering price, dilution to the
common shares, dependence on key personnel, currency fluctuations,
insurance and uninsured risks, competition, legal proceedings,
conflicts of interest and lack of dividends as well as those factors
discussed in the section entitled 'Risk Factors' in the Company's most
recently filed annual information form available at www.sedar.com.  Although the Company 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 press
release are included for the purpose of providing investors with
information to assist them in understanding the offering as well as the
Company's expected financial and operational performance and may not be
appropriate for other purposes.  Stonegate does not undertake to update
any forward-looking statement or forward-looking information that is
included herein, except in accordance with applicable securities laws.

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