![]() April 8, 2024 Western Potash Corp. celebrated its 17th anniversary with gratitude at the monthly staff meeting on April 5, 2024, where we shared our recent successes and looked ahead to the future. During the staff meeting, the Deputy Plant Manager highlighted our achievements from the past quarter, focusing on meeting production goals while emphasizing the importance of safety above all else. Meanwhile, Jerry, the Senior Vice President, outlined our progress in funding and upcoming mining plans. Throughout the meeting and celebration, the team underlined the significance of maintaining high morale amongst our team. We believe that a motivated workforce is essential for continued success. Cheers to another year of hard work and success for our team at Western Potash Corp.! ![]() March 15, 2024 Vancouver BC – Western Resources Corp. (TSX: WRX) (“Western” or “the Company”) is pleased to announce that its shareholders approved all items put before them at the Company’s Annual General Shareholder Meeting (“AGM”) held today, March 15th, 2024. A total of 96,648,405 common shares, representing 23.64% of the issued and outstanding common shares of the Company as at the record date, were present in person or by proxy at the meeting. The approved items are:
![]()
In the follow-up Board meeting after the AGM, Board Directors elected Bill Xue as Chairman of the Company and appointed Justin Xing as Chair of the Executive Committee, Mark Fracchia as Chair of the Nominating and Assessment Committee, Raymond Lu as Chair of the Audit Committee, Scott Nagel as Chair of the Compensation Committee and Andrew Hancharyk as Chair of the Corporate Disclosure Policy Committee. Shuai Wei and Xiao Xing were appointed as Board Observers, and Jack Xue as Corporate Secretary. Western’s Chairman Bill Xue said, “I’m honored to continue working with this strong Board, with each of our directors having such extensive experience in his respective field. The Board shares a common goal of building what we expect will be Canada’s newest and most innovative, environmental friendly and capital-efficient potash mine which we also expect will bring significant changes to potash mining in Canada and the world. Implementing a new technology takes time, effort and patience. Our Project team is confident of achieving success with the current mining plan and continued optimization, and we plan to add more caverns in the coming months to achieve the design production target. While this will delay the Project for about a year, the Board looks forward to a successful outcome by 2025”. ON BEHALF OF THE BOARD OF DIRECTORS Bill Xue
Certain statements contained in this news release constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as "anticipate", "continue", "estimate", "expect", "expected", "intend", "may", "will", "project", "plan", "should", "believe" and similar expressions (including negative variations), or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. For more information on the contents of this release please contact Jack Xue, Corporate Secretary, at 306-924-9378. ![]() December 27, 2023 Vancouver BC – Western Resources Corp. (the “Company”) (TSX: WRX) is pleased to announce that Western Potash Corp. (“Western Potash”), the Company’s 100% owned subsidiary, received the second tranche of funds in the amount of CAD$5 million from Vantage Chance Limited (“Vantage”). The transaction, set out in the Company’s news release of August 15, 2023, has now closed. On August 15th, 2023, Western Potash signed an exchangeable debenture subscription agreement with Vantage, pursuant to which Vantage agreed to subscribe for a CAD$10 million exchangeable debenture (the “Exchangeable Debenture”) to be issued by Western Potash upon receipt of the full amount. Western Potash received the first tranche payment of CAD$5 million in September 2023. This CAD$5 million payment is the second and final payment required to be made by Vantage to Western Potash under the terms of the Exchangeable Debenture. The Company will file the Exchangeable Debenture under the Company's profile on SEDAR at www.sedarplus.ca. ON BEHALF OF THE BOARD OF DIRECTORS Bill Xue For more information on the contents of this release please contact Jack Xue, Corporate Secretary, at 306-924-9378. ![]() December 6, 2023 On December 1, 2023, Western Potash Corp. hosted its highly anticipated 2nd annual Christmas party at the elegant Hotel Saskatchewan. The event was a spectacular celebration that brought colleagues, friends and families together for an unforgettable night filled with laughter, delectable dishes, live entertainment and festive cheer. The festivities commenced with a lavish meal reminiscent of a traditional Christmas dinner. Attendees were treated to a spread featuring nine different dishes, each expertly crafted to capture the essence of the holiday season. The culinary delights served as the perfect foundation for the joyous celebration that unfolded throughout the evening. Guests were treated to a live performance from the Brian Sklar Band. The musical talents of these performers created an atmosphere of merriment, setting the stage for an evening of joy and celebration. Blue Chip Casino also provided live entertainment by setting up a mock casino to engage the guests throughout the remainder of the evening after the speeches were complete. Guiding us through the night with charisma and grace was Caraleigh Currie, who was our fabulous emcee for the evening. Her infectious energy kept the crowd engaged, ensuring that the evening flowed seamlessly from one moment to the next. Laughter echoed in the room as Jamie Janotta took center stage with a speech that had everyone in great spirits. Following Jamie’s comedic interlude, Jerry Zhang, Francis Mukanya, Brandon Fedor and Ben Layton shared some inspiring words which added depth to the celebration. In the days leading up to December 1, managers and supervisors were asked to vote for an employee who fits certain categories to receive an award. The Unsing Hero award was presented to Edwin DeLuna for consistently working behind the scenes without seeking recognition. The Rookie of the Year award went to Leelen Bender for making a significant impact on Western during his first year of employment. The Adaptability and Resilience award was presented to Jeremy Johnson for demonstrating exceptional adaptability in navigating through changes and uncertainties while being resilient to any changes and setbacks. The Inspirational Mentor award was presented to Caraleigh Currie for making a significant impact as a mentor to her colleagues. Western’s Christmas party was nothing short of magical. From the mouthwatering feast and captivating entertainment to the laughter-inducing speeches, awards and raffle draw, the event was a genuine celebration of the holiday spirit. Jennifer Stromgren, Sarah Bast, Peter Matthews, and numerous other dedicated team members played a pivotal role in curating this enchanting experience. Their tireless efforts went above and beyond, as they devoted their after-work hours to meticulously purchase items, expertly wrap raffle baskets, and seamlessly coordinate with the Band and the Hotel. It is through their passion and commitment that the evening unfolded flawlessly, leaving us with hearts full of festive joy. As everyone left with their hearts full of festive joy, the memories of this evening became a cherished part of Western Potash’s holiday traditions. Here’s to many more years of celebrations and creating lasting memories.
![]() October 24, 2023 October 24, 2023, Kronau, SK – Western Potash Corp. (“Western” or the “Company”) is pleased to announce that it successfully hosted a Community Open House at the Kronau Curling Club, Kronau, SK on October 19, 2023. The gathering was intended to keep local residents informed of the progress, future plans, and any potential impacts on the community as well as employment opportunities of the Milestone Potash Phase 1 Project “Project"), which is the first major industrial facility in the RM of Lajord. The Project construction was resumed in May last year immediately after Western closed its Project financings with Vantage Chance Limited and Appian Capital Advisory. Since then, there has been significant progress achieved in the construction of the process plant and the mine development. Community members were thrilled to see the various aspects of the Project development through a full slide presentation as shown in the below photo. Residents expressed their interest and appreciation of the job opportunities that the Project has brought to the neighbourhood. Western staff also engaged in constructive discussions with community members, answer questions and collected feedback, all of which will be crucial in the enhancement of closer community relations in the years to come. The Community Open House received an overwhelming response and attracted more than 60 local community members, including the Reeve and Councillors from the Rural Municipality of Lajord. Western’s management team were all present in the event. ![]() October 20, 2023 Western Potash Corp. is thrilled to announce a significant milestone in our commitment to safety and excellence. On July 15, 2023, we proudly celebrated an impressive 1,500 days without a single lost time incident, a testament to our unwavering dedication to safety and teamwork. This remarkable achievement has been made possible through the collective efforts of every member of our exceptional team. We recognize that it is their hard work, diligence, and commitment that have paved the way for this milestone. At Western Potash, safety is not just a priority; it is a core value that runs through the heart of our operations. To commemorate this momentous occasion, the company presented each and every employee with a specially designed hoodie. These hoodies are not merely clothing; they symbolize our shared commitment to safety. On September 26, 2023, the entire on-site staff proudly gathered for a group photo that will serve as a lasting reminder of our dedication to safety and our collective strength. This photograph symbolizes our shared vision as we continue to build a safer and more secure future for our valued team. ![]() October 3, 2023 Western Potash is thrilled to extend a warm invitation to our valued local community for the Western Potash Phase I Potash Project Community Open House. Join us as we share the most recent updates and insights on the project's remarkable progress, offering a glimpse into our journey ahead. Date: October 19, 2023 Time: 4:00 PM - 7:00 PM Location: Kronau Curling Club, 5 Main Street, Kronau, SK What to Expect:
This is a unique opportunity to learn more about the project, engage with our team, and connect with fellow community members. We value your presence and hope to see you there! For more information or inquiries, please feel free to contact us. Mark your calendars, and we look forward to sharing this special evening with you. ![]() September 28, 2023 Vancouver BC – Western Resources Corp. (the “Company” or “WRX”) (TSX: WRX) is pleased to announce that Western Potash Corp. (“Western Potash”), the Company’s 100% owned subsidiary, received today funds in the amount of CAD$5 million from Vantage Chance Limited (“Vantage”), in accordance with the terms of the transaction detailed in the Company’s news release dated August 15, 2023. On August 15th, 2023, Western Potash signed an exchangeable debenture subscription agreement with Vantage, pursuant to which Vantage agreed to subscribe for a CAD$10 million exchangeable debenture (the “Exchangeable Debenture”) issued by Western Potash. The CAD$5 million payment is part of the total payment, in the amount of CAD$10 million, required to be made by Vantage to Western Potash under the terms of the Exchangeable Debenture. The transaction is expected to close upon receipt by Western Potash in October 2023 of the remaining balance of CAD$5 million, after which Western Potash will issue and file the Exchangeable Debenture certificate and other material documents relating to the transaction under the Company’s profile on SEDAR at www.sedarplus.ca. ON BEHALF OF THE BOARD OF DIRECTORS Bill Xue
Cautions Regarding Forward-Looking Statements Certain statements contained in this news release constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as "anticipate", "continue", "estimate", "expect", "expected", "intend", "may", "will", "project", "plan", "should", "believe" and similar expressions (including negative variations), or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. For more information on the contents of this release please contact 306-924-9378. ![]() August 15, 2023 Tuesday, August 15, 2023 Vancouver BC – Western Resources Corp. (the “Company” or “WRX”) (TSX: WRX) is pleased to announce today that Western Potash Corp. (“Western Potash”), the Company’s 100% owned subsidiary, has signed an exchangeable debenture subscription agreement with Vantage Chance Limited (“Vantage”), pursuant to which Vantage will subscribe for a CAD$10 million exchangeable debenture (the “Exchangeable Debenture”) issued by Western Potash (the "Transaction"). Pursuant to the Exchangeable Debenture, within one year from the date of final operational completion date of Milestone Phase 1 Project, Vantage may choose to exercise an option to assign all or a portion of the outstanding principal amount, together with any accrued and unpaid interest (the “Exchangeable Amount”), to the Company, in exchange for such number of the Company’s common shares (the “Exchange Shares”) equal to the Exchangeable Amount divided by the Exchange Price then in effect, subject to a maximum number of 40,868,047 Exchange Shares (representing 10% of the total issued and outstanding WRX common shares on a non-diluted basis on the issue date) being issuable to Vantage. The Exchange Price is a price per common share of the Company equal to the 5-day volume weighted average trading price of the common shares of the Company immediately preceding the date that the exchange occurs. To the extent that the 40,868,047 Exchange Shares are insufficient to satisfy the entire Exchangeable Amount based on the then Exchange Price, any remaining Exchangeable Amount will be paid by Western Potash in cash. The Transaction is expected to close by the end of September 2023. The purpose of the Transaction is to allow Western Potash to further enhance the production readiness of its Milestone Phase 1 Project. Vantage is a Hong Kong based private investment company that currently owns 53.76% of the issued and outstanding common shares of the Company. The Transaction will not materially affect control of the Company. Other key terms of the Exchangeable Debenture include: 1. Maturity date is set for the later of (a) the date of repayment in full of the principal amount together with all accrued and unpaid Interest; and (b) the date on which the Exchangeable Amount has been exchanged by Vantage pursuant to the Exchangeable Debenture, provided that in no event shall the maturity date occur prior to the date that Appian Capital Advisory LLP is repaid under the April 2022 term loan facility agreement (as amended) between Appian and Western Potash (the “Appian Repayment Date”). 2. Interest rate is set at 12.5% per annum. Interest payable is calculated quarterly on an accrual basis, but no actual payment is made until the Appian Repayment Date, provided that Western Potash may make one or more cash payments to Vantage as Western Potash’s financial condition permits. The Exchangeable Debenture certificate and other material documents relating to the Transaction described in this news release will be filed and available under the Company’s profile on SEDAR at www.sedarplus.ca. At present, the Project is transitioning from the construction phase to the commissioning phase, after which it is expected to proceed to the start-up phase. Construction handover is expected to be completed this month, and the plant is expected to be ready for production by the end of September. ON BEHALF OF THE BOARD OF DIRECTORS Bill Xue Chairman and CEO Cautions Regarding Forward-Looking Statements Certain statements contained in this news release constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as "anticipate", "continue", "estimate", "expect", "expected", "intend", "may", "will", "project", "plan", "should", "believe" and similar expressions (including negative variations), or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. For more information on the contents of this release please contact Jack Xue, Corporate Secretary, at 306-924-9378. ![]() May 17, 2023 Western Potash Corp. (“Western”) is pleased to announce that the processing plant of the Milestone Potash Phase 1 Project (the “Project”) is transitioning from the construction phase to the commissioning phase. In addition, the Operations team has officially begun preparation for start-up and operations. The Project is located about 35 km southeast of Regina, Saskatchewan. ![]() To ensure successful commissioning of the process plant, Western has further enhanced its operation and technical team by appointing Mr. Jamie Janotta Operations Director. Mr. Janotta brings over 40 years of potash processing and operational experience to the Project. Mr. Janotta started his professional career at the world’s largest solution potash mine - Mosaic Potash Belle Plaine Mine - having served there for 30 years as, progressively, Wet Process Supervisor, Maintenance Manager, Minefield Manager, Refinery Manager and Commissioning Manager. Over the past decade, Mr. Janotta has been actively involved in consulting for many other potash projects in the areas of processing and commissioning. He has demonstrated a strong track record, in his various roles, of increasing refinery capacity, reducing operational costs and improving product quality and safety performance, among others. Western CEO and President, Mr. Bill Xue, said “We are very fortunate to have Mr. Janotta join our team. The Milestone Project will greatly benefit from Mr. Janotta’s extensive experience which he accumulated over decades of service in potash processing and commissioning. As the Project advances toward operational readiness, I strongly encourage those who have a keen interest in innovation and potash solution mining to consider joining our team and help advance the Milestone Phase 1 to next steps. I look forward to witnessing the Project move toward into production.”
Bill Xue
Cautions Regarding Forward-Looking Statements Certain statements contained in this news release constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as "anticipate", "continue", "estimate", "expect", "expected", "intend", "may", "will", "project", "plan", "should", "believe" and similar expressions (including negative variations), or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. For more information on the contents of this release please contact Jack Xue, Corporate Secretary, at 306-924-9378. ![]() March 10, 2023 Vancouver BC – Western Resources Corp. (TSX: WRX) (“Western” or “the Company”) is pleased to announce that its shareholders approved all items put before them at the Company’s Annual General Shareholder Meeting (“AGM”) held today, March 10, 2023. The approved items are:
The new Board then re-elected Mr. Bill Xue as Chairman of the Company, with Mr. Justin Xing as Chair of the Executive Committee, Mr. Mark Fracchia as Chair of the Nominating and Assessment Committee, Mr. Guy Bentinck as Chair of the Audit Committee, Mr. Scott Nagel as Chair of the Compensation Committee and Mr. Andrew Hancharyk as Chair of the Corporate Disclosure Policy Committee. Mr. Shuai Wei and Mr. Owen Zhang are re-appointed as Board Observers. The Company welcomes Mr. Scott Nagel to Western’s board. Mr. Nagel brings over 30 years of grain and fertilizer experience to the Company. He was President of the ADM Benson Quinn from 2008 until January this year when he retired. The Board is confident that Mr. Nagel will play an important role in helping the Company with its continued efforts in business marketing, project financing and company strategy. Western’s Chairman Bill Xue said, “I am very pleased that we now have a very strong board in the Company’s history. The addition of Mr. Nagel to our board improves the board structure by adding additional depth, with the board members having experience in one or more of strategic, financial, technical, legal or corporate management. As the Milestone Project construction’s expected completion is in May, and with the progression of its mining development to a more advanced level, I expect Western to be able to deliver a successful and innovative potash project in the near future”. About Western Resources Corp. Western Resources Corp. (TSX: WRX) (“the Company”) and the Company’s wholly owned subsidiary Western Potash Corp. are constructing Canada’s newest and most innovative, environmentally friendly and capital-efficient potash mine. This will be the first potash mine in the world that will leave no salt tailings at the surface, thereby reducing the water consumption by half as well as significantly improving energy efficiency. ON BEHALF OF THE BOARD OF DIRECTORS Bill Xue Cautions Regarding Forward-Looking Statements Certain statements contained in this news release constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as "anticipate", "continue", "estimate", "expect", "expected", "intend", "may", "will", "project", "plan", "should", "believe" and similar expressions (including negative variations), or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. For more information on the contents of this release please contact Jack Xue, Corporate Secretary, at 306-924-9378. ![]() February 23, 2023 Vancouver BC – Western Resources Corp. (the “Company”) (TSX: WRX) is pleased to announce that its wholly owned Western Potash Corp. (“Western”) has received approval of the Ministry of Environment (“Ministerial Approval”) to extend the mine life of the Milestone Potash Phase 1 Project (“Project”) to 40 years. The Project is designed as a selective solution mine which, in contrast with traditional potash mining and solution mining, is expected not to produce salt tailings on surface, thereby substantially reducing the environmental impact. The construction of the Project was kicked off in June 2019 with an anticipated production 146,000 metric tonnes per year and mine life as 12 years. As the Project progressed, Western applied for an extension of the mine life to 40 years, as resource reviews supported this change. The Ministerial Approval was given after the Ministry of Environment reviewed the change proposals from Western and concluded that they will not result in any significant, additional environmental impacts and was satisfied that the requirements of the Environmental Assessment Act have been met. The Ministerial Change Approval takes effect on February 17, 2023. Western CEO and President, Mr. Bill Xue said, “The Ministerial Approval supports the Project’s long-term goal of being a sustainable supplier of potash. I have no doubt that the approval will bring to our shareholders and investors more confidence in the potentials of this innovative Project. I am excited that the construction of the Phase 1 Project will be completed in May this year, followed by commissioning. I have confidence that our team will be able to achieve first production by the end of this year.”
Cautions Regarding Forward-Looking Statements Certain statements contained in this news release constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as "anticipate", "continue", "estimate", "expect", "expected", "intend", "may", "will", "project", "plan", "should", "believe" and similar expressions (including negative variations), or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. For more information on the contents of this release please contact Jack Xue, Corporate Secretary, at 306-924-9378. ![]() January 23, 2023 Western Potash Corp. is pleased to announce today that its wholly-owned subsidiary, Western Potash Corp. (“Western”), closed the second tranche, in the amount of US$31 million (C$41.6 million equivalent) of its Cdn$85 million loan transaction with Appian Capital Advisory LLP (“Appian”), the terms of which were previously announced in the press release dated April 28, 2022. The second tranche of funds from the loan transaction will be used by Western to finish the construction of the Milestone Phase 1 Project (the “Project”) and continue the development of the Project’s optimized mining plan. The construction of the processing plant for the Project is expected to be completed in early May, 2023, with plant production expected to be initiated in December 2023. Mr. Bill Xue, Western Potash Corp. CEO, commented, “We are pleased to have closed this final tranche of the loan with Appian. This will increase the financial stability sought by our contractors and suppliers which we expect will be beneficial for completing the Project in a timely and efficient manner.” Bill Xue Cautions Regarding Forward-Looking Statements Certain statements contained in this news release constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as "anticipate", "continue", "estimate", "expect", "expected", "intend", "may", "will", "project", "plan", "should", "believe" and similar expressions (including negative variations), or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. For more information on the contents of this release please contact Jack Xue, Corporate Secretary, at 306-924-9378. ![]() September 28, 2022 Western Potash Corp. is pleased to announce today that its parent company Western Resources Corp.(the “Company”) (TSX: WRX) has closed the previously announced conversion of common shares held by Vantage Chance Limited ("Vantage") in Western Potash Holdings Corp., a subsidiary of the Company, which were exchanged for common shares of the Company ("WRX Shares"), following receipt of conditional approval from the TSX and the written consent by its majority shareholder, Tairui Mining Inc. ("Tairui"), which owns 105,854,938 WRX Shares, representing approximately 56.08% of the total issued and outstanding WRX Shares pre-conversion. Vantage has now obtained ownership and control over 219,726,258 WRX Shares, representing 53.79% of the total issued and outstanding WRX Shares calculated on a post-transaction, non-diluted basis. Tairui's shareholding in the Company has been diluted to approximately 25.91% post-conversion. The board of directors of the Company also passed a written resolution appointing Mr. Justin Xing, director of Vantage, to the board of the Company, filling a vacancy of the board. Western Resources Corp. Chairman and CEO, Mr. Bill Xue said, “Today’s closing of the Conversion represents another important milestone for the Company. We welcome Vantage becoming the Company’s new majority shareholder. On behalf of the board, I welcome Mr. Justin Xing to join the Company board. I am confident that the Company will advance into greater success from this new point”.
Cautions Regarding Forward-Looking Statements Certain statements contained in this news release constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as "anticipate", "continue", "estimate", "expect", "expected", "intend", "may", "will", "project", "plan", "should", "believe" and similar expressions (including negative variations), or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. For more information on the contents of this release please contact Simon Guo, Corporate Secretary, at 306-924-9378. ![]() September 20, 2022 Vancouver BC – Western Resources Corp. (the “Company”) (TSX: WRX) is pleased to announce that it has accepted the Conversion Notice (as defined in the Subscription Agreement dated February 16, 2022, which was amended and restated on May 20, 2022 and further amended and restated on July 29, 2022) issued by Vantage Chance Limited ("Vantage"). Pursuant to the Subscription Agreement, Vantage completed its $80 million investment (the “Investment”) in Western Potash Holdings Corp. ("WPHC"), a subsidiary of the Company, whereby it acquired an aggregate of 157,325,071 common shares in WPHC ( “WPHC Shares”), representing approximately 54% of the outstanding shares of WPHC. WPHC currently 100% owns Western Potash Corp. (“Western”) and its Milestone Potash Project (the “Project”) located in the southeast of Regina, Saskatchewan. Upon completion of the Investment on September 8, 2022, the Subscription Agreement granted each of Vantage and the Company the right to exercise an option (the “Conversion Option”), subject to acceptance by the Company (where the Option is exercised by Vantage) or by Vantage (where the Option is exercised by the Company), as applicable, and the fulfillment of certain other conditions (including approval by the Toronto Stock Exchange and approval by the shareholders of WRX), to exchange all of the WPHC Shares held by Vantage into WRX Shares. The Option is exercisable by WRX or Vantage within 180 days of the closing of the Investment. Vantage is at arm's length with the Company. Vantage owned no WRX Shares prior to the conversion and upon exercise of the Conversion Option and the satisfaction of conditions for completing the Option exercise, Vantage will obtain ownership and control over 219,726,258 WRX Shares, representing 116.4% of the total issued and outstanding WRX Shares on a pre-transaction, non-diluted basis. The issue price is approximately $0.3641 per WRX Share, a 55.93% premium to the market price as of September 8, 2022, which was $0.2335. The exercise of Conversion Option will make Vantage a new control person and materially affect control of the Company. WRX Shares owned by Vantage will represent 53.79% of the issued and outstanding WRX Shares calculated on a post-transaction, non-diluted basis. Tairui Mining Inc. ("Tairui"), which owns105,854,938 WRX Shares, representing approximately 56.08% of the issued and outstanding WRX Shares pre-conversion, will be diluted to approximately 25.91% post-conversion. The conversion and issuance of WRX Shares to Vantage requires TSX approval pursuant to Section 602(a) of the TSX Company Manual. Pursuant to Section 611(c) of the TSX Company Manual, security holder approval will be required in those instances where the number of securities issued or issuable in payment of the purchase price for an acquisition (including securities, in this case, the WPHC Shares) exceeds 25% of the number of securities of the listed issuer which are outstanding, on a non-diluted basis. In addition, pursuant to Section 604(a)(i),TSX will generally require security holder approval as a condition of acceptance of a notice under Section 602 if the transaction materially affects control of the listed issuer. The Company is relying on an exemption from holding a meeting of shareholders as its majority shareholder Tairui will provide a written consent, pursuant to Section 604(d) of the TSX Company Manual. Tairui is familiar with the terms of the Subscription Agreement and the Conversion Option and is in favour of it. Western Resources Corp. Chairman and CEO, Mr. Bill Xue said, “First of all, I would like to express my sincere thanks to Vantage for its confidence in the Project and the future of the Company. I think the most important value of the exercise of the Conversion Option is to allow Western Resources Corp. to regain its 100% ownership of Western and the Project from its current 46% shareholding, which, I believe, is what all shareholders are expecting. With the entirety of Vantage’s $80 million equity funding pouring into Western along with the conversion, the Project will have a more solid financial assurance. As this Project has attracted some of the best solution mining experts in the world working on one of the most environmental-friendly potash mines in the world, I have strong confidence that our team will be able to deliver a successful project on time and on budget. The success of the Project serves the best interest of all shareholders of the Company.” Bill Xue Cautions Regarding Forward-Looking Statements Certain statements contained in this news release constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as "anticipate", "continue", "estimate", "expect", "expected", "intend", "may", "will", "project", "plan", "should", "believe" and similar expressions (including negative variations), or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. For more information on the contents of this release please contact Simon Guo, Corporate Secretary, at 306-924-9378. ![]() September 9, 2022 Western Potash Corp. is pleased to announce that Western Potash Holding Corp. (“WPHC”) has received the third and the last tranche of the equity funding proceeds from Vantage Chance Limited (“Vantage”) today in the amount of $30 million in exchange for the issuance to Vantage of 58,996,901 common shares of WPHC, which represents the closing of the previously announced Investment Transaction (as set out in a press release dated February 16, 2022). With closing of the Investment Transaction, Vantage has invested a total of $80,000,000 to WPHC and became the registered and beneficial owner of an aggregate of 157,325,071 Common Shares, representing 54% of the total issued and outstanding common shares of WPHC, with the remaining 46% owned by the Company. WPHC owns 100% of Western Potash Corp. and its Milestone Potash Project (“Project”). Bill Xue, Western’s Chairman and CEO stated, “The closing of the equity investment by Vantage has secured additional financial assurance for a successful completion of the Milestone Phase 1 Project construction. I’m pleased that our Project team is making great progress in areas including process plant construction, pumphouse modifications, solution mining readiness, and building of a stronger and more solid team. In the meantime, I want to take this opportunity to express our sincere thanks to Vantage for its confidence in the fundamentals of the Project and in committing to maintain and support the existing management structure of the Company”. About Western Resources Corp. Western Resources Corp. and its subsidiary company Western Potash Corp. are constructing one of Canada’s newest and most innovative, environmentally friendly and capital-efficient potash mines. It is expected to be the first potash mine internationally to leave no salt tailings at the surface, thereby reducing the water consumption by approximately half as well as significantly improving energy efficiency. Successful completion of the Project will form the basis for further expansion. ![]() August 16, 2022 August 16, 2022, Regina, SK – Western Potash Corp. (“Western” or the “Company”) is pleased to announce that its Milestone Potash Phase 1 Project (the “Project”) team successfully hosted a Community Open House in Kronau, Saskatchewan on August 4, 2022. This event aimed to update the local community about various aspects of the Project, including the construction plan especially, the optimized mining development plan and Western’s strategic vision for the future. ![]() Western has always placed community relations as one of its top priorities in the development of the Milestone Project. With the successful closing of the Project financings in May, which included a new equity investment by Vantage Chance Limited and another debt investment by the UK-based Appian Capital Advisory Ltd., the Company quickly started to engage the local community to provide an update on the status and progress of the Project. Western also sought to collect feedback from community about the Project’s development through the Open House. Western also took this opportunity to inform local residents about employment opportunities at Milestone. The event attracted more than fifty people from the local community, including four city councillors of the Rural Municipality of Lajord, where the Project is located. Attending on behalf of Western potash were the Company’s CEO & President Bill Xue, Chairman of the Executive Committee Mark Fracchia, Director of Operations Brandon Bartosh and other key senior staff.
![]() July 30, 2022 Western Potash Corp. is pleased to announce that its parent company Western Potash Holding Corp. (“WPHC”) has received the second tranche of its equity funding proceeds from Vantage Chance Limited (“Vantage”) in the amount of $17 million on July 29, 2022, as part of the previously announced Investment Transaction (as set out in a press release dated February 16, 2022) , in exchange for the issuance to Vantage of 33,431,578 common shares of WPHC. Upon issuance, Vantage will hold approximately 42.32% of the issued and outstanding common shares of WPHC, which in turn owns 100% of Western Potash Corp. (which itself owns Milestone Potash Project (the “Project”). The first tranche of Vantage’s equity investment in WPHC in the amount of $33 million closed on May 25, 2022 and resulted in the issuance to Vantage of 64,896,592 common shares of WPHC. With consideration of the Project construction and development funding usage schedule, however, Vantage and WPHC agreed to a Second Amended and Restated Subscription Agreement dated July 28, 2022, allowing Vantage to purchase the previously agreed additional 92,428,479 common shares in two tranches – the Second Tranche and the Third Tranche. The Second Trance, in the amount of $17 million, closed on July 29, 2022 this Friday. The remaining investment of $30 million is expected to close on or before September 30, 2022. Pursuant to the Subscription Agreement, Vantage has committed to make a strategic equity investment of C$80,000,000 in WPHC. Bill Xue About Western Resources Corp. Western Resources Corp. and its subsidiary Western Potash Corp. are constructing one of Canada’s newest and most innovative, environmentally friendly and capital-efficient potash mines. It is expected to be the first potash mine internationally to leave no salt tailings at the surface, thereby minimizing the water consumption and improving energy efficiency. Successful completion of the Project will form the basis for further expansion. Cautions Regarding Forward-Looking Statements Certain statements contained in this news release constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as "anticipate", "continue", "estimate", "expect", "expected", "intend", "may", "will", "project", "plan", "should", "believe" and similar expressions (including negative variations), or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. For more information on the contents of this release please contact Simon Guo, Corporate Secretary, at 306-924-9378. ![]() July 12, 2022 Western Potash will hold Community Open House on August 4, 2022 at Kronau Curling Club, between 4:00 pm to 8:00 pm. Details please see attached.
Read More
![]() ![]() July 5, 2022 Western Potash Corp.(“Western”) is pleased to announce that it has an enhanced corporate and project management team. Following the official kick-off of the Milestone Phase 1 Project (the “Project”) in mid-May, Western established its Executive Committee (“EC”) and Technical Committee (“TC”) to advance the Project more effectively. The EC is Western’s primary decision-making body responsible for corporate strategy and development plan, company policies and regulations, project key technical direction, and project budget. The EC is chaired by Mr. Mark Fracchia and includes Mr. Brandon Bartosh as a member. Mr. Fracchia has a track record of accomplishments in leadership, strategy, vision and innovative potash mining technology. He is also a current member of the board of directors of the Company. Previously, he was President, PCS Potash at PotashCorp (now Nutrien) and was a General Manager at various potash sites. Mr. Bartosh is a world-class selective solution mining expert with over 15 years of hands-on potash operation and mining experience. He is currently the Operations Director and Plant Manager of Western Potash. The TC is an advisory committee providing advice to the EC on the solution mining development plan and other key technical issues. The TC includes the world’s foremost solution mining and process engineering technical experts including Elmar Goldsmith, Robert Plosz and Irwin Ewen. Mr. Goldsmith, widely known as a pioneer of potash solution mining, led the technical initiative for three potash mines in Saskatchewan. He also directed a water inflow remediation project. Mr. Plosz is known for his 40 years of practical experience in solution mining. He was general manager of the largest solution mine in the world. Mr. Ewen is an industry leading process engineer with special knowledge in potash selective solution mining. The addition of these top technical experts to the Western team is expected to significantly improve Western’s solution mining plan. Mr. Bill Xue, the Managing Director said, “I am very pleased to see the further enhancement of Western’s corporate management and project technical teams. Western is fortunate to have some of the world’s leading potash professionals to help advance the project through their respective capacities. We expect that the new team is the best fit for the current stage of the Project’s development. As the Project moves forward, Western expects to further refine and enhance these teams. I look forward to witnessing the success of the Project.”
Bill Xue About Western Resources Corp. Western Resources Corp. and its subsidiary Western Potash Corp. are constructing one of Canada’s newest and most innovative, environmentally friendly and capital-efficient potash mines. It is expected to be the first potash mine internationally to leave no salt tailings at the surface, thereby minimizing the water consumption and improving energy efficiency. Successful completion of the Project will form the basis for further expansion.
Cautions Regarding Forward-Looking Statements Certain statements contained in this news release constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as "anticipate", "continue", "estimate", "expect", "expected", "intend", "may", "will", "project", "plan", "should", "believe" and similar expressions (including negative variations), or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. For more information on the contents of this release please contact Simon Guo, Corporate Secretary, at 306-924-9378. ![]() June 22, 2022 Western Potash Corp. (“Western” or the “Company”) is pleased to announce it hosted a delegation of thirteen officials from three different Ministries of the Saskatchewan government for a mine tour today at the Milestone Project (the “Project”) site. After closing financing deals with Appian Capital and Vantage Chance in May, the Project kicked off with key contractors in mid-June, with mobilizations now occurring at the site. Officials from the Ministry of Trade and Export Development, Ministry of Energy and Resources, as well as the Ministry of Environment attended the event. Mark Fracchia, Western’s Chairman of the Executive Committee, presided over the project briefing session. President and CEO Bill Xue and Operations Director Brandon Bartosh presented on the company’s history, the innovative mining technology, the current status of the Project and the construction plan, and future development options. The presentation was followed by a mine tour. The intent of this meeting and tour was to provide officials with a much better understanding of the Project and of the future direction of Western Potash. Western Potash Operations Director Brandon Bartosh is presenting on the Milestone Project technology. Western Potash’s Chair of Executive Committee Mark Fracchia told the officials at the meeting, “Our team feels very proud of having the opportunity to work on this unique and innovative potash Project. Although the scale of this first phase of development is relatively small, once the mining technology is proven to be successful, it will provide the opportunity to scale up and impact how potash could be mined in the future. We look forward to working closely with all stakeholders to make this project an example of an efficient, sustainable and environmentally friendly mine”. Western Potash Operations Manager Francis Mukanya is conducting a mine tour for the SK government delegation.
(This News is for updates only and not distributed through Global Newswire as Press Release) ![]() June 17, 2022 Western Potash Corp. is pleased to announce that it has completed a Collaborative Project Planning Session with its key contractors and staff to officially kick off the restart of the Milestone Project (“Project”) in order to complete the process facilities and solution mining development. Key Project representatives participated in a workshop style planning session in Regina to review and gain alignment on key aspects of the project timeline and readiness for start-up, leading into the full ramp up of operations which is expected to happen in mid 2023. The kick off planning session was attended by Western executives and staff and more than 30 people from several different key organizations, each with an instrumental role in the Project, including Bird Construction and March Consulting. Also participating were representatives of Vantage Chance Limited and Appian Capital Advisory LLP, each of which recently closed a financing deal with Western. Areas of key focus included cavern development, execution of the construction program and operational readiness, including commissioning, start up and permit readiness. Mr. Bill Xue, the Company’s Chairman and CEO said, “I am pleased to see the Project construction restarted after being suspended for two years. I am very happy that all key Project participants attended and actively interacted during the kick off discussion. This session has helped all relevant parties together reach a better and clearer understanding of Project goals and priorities. It also allowed the internal team and key contractors to identify gaps, resulting in the development of an integrated action plan that will significantly mitigate any potential risks potentially affecting Project schedules and cost. I am confident that our team and contractors are capable of making this Project a success.” ON BEHALF OF THE BOARD OF DIRECTORS Bill Xue About Western Resources Corp. Western Resources Corp. and its subsidiary Western Potash Corp. are constructing one of Canada’s newest and most innovative, environmentally friendly and capital-efficient potash mines. It is expected to be the first potash mine internationally to leave no salt tailings at the surface, thereby minimizing the water consumption and improving energy efficiency. Successful completion of the Project will form the basis for further expansion.
Cautions Regarding Forward-Looking Statements Certain statements contained in this news release constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as "anticipate", "continue", "estimate", "expect", "expected", "intend", "may", "will", "project", "plan", "should", "believe" and similar expressions (including negative variations), or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. For more information on the contents of this release please contact Simon Guo, Corporate Secretary, at 306-924-9378. ![]() May 25, 2022 Western Potash Corp. (“Western” or the “Company”) (TSX: WRX) is pleased to announce that Western Potash Holding Corp. (“WPHC”) has received the first tranche of its equity funding proceeds from Vantage Chance Limited (“Vantage”) in the amount of $33 million, as part of the previously announced Investment Transaction, in exchange for the issuance to Vantage of 64,896,592 common shares of WPHC. Aggregate proceeds from the Investment Transaction, together with the first tranche of funding received last week from Appian Capital Advisory, will be used to continue and complete the remaining construction and development of the Milestone Phase I Project (the “Project”), and for general and administrative expenses of the Project. Pursuant to an Amended and Restated Subscription Agreement dated May 20, 2022, Vantage will purchase from WPHC and WPHC will issue to Vantage an additional 92,428,479 common shares for an aggregate purchase price of C$47,000,000 (the “Subsequent Subscription”) on or before July 31, 2022. Upon closing of the Subsequent Subscription, Vantage will be the registered and beneficial owner of an aggregate amount of 157,325,071 common shares of WPHC, representing 54% of total issued and outstanding common shares in WPHC for total proceeds of $80,000,000.00, while Western will hold the remaining 46% of the issued and outstanding WPHC common shares. Western Potash Corp. becomes a wholly owned subsidiary of WPHC. Upon receipt of the first tranche of equity funding from Vantage, WPHC held its first shareholders' and board meetings. At the meeting, WPHC shareholders appointed WPHC board members, which then approved the establishment of each of the WPC Executive Committee and Technical Committee, appointed management, and deliberated and approved capital and operational expenditures for the Project. Bill Xue, Western’s Chairman and CEO stated, “We are pleased that the first tranche of the Vantage equity transaction has been completed as planned. This will greatly increase the probability of successful Project completion. Western Potash Corp. will start mobilizing and building a strong and solid team in the coming weeks. I expect that our team will be able to deliver the Project on schedule”. About Western Resources Corp. Western Resources Corp. and the Company’s wholly owned subsidiary Western Potash Corp. are constructing one of Canada’s newest and most innovative, environmentally friendly and capital-efficient potash mines. It is expected to be the first potash mine internationally to leave no salt tailings at the surface, thereby reducing the water consumption by approximately half as well as significantly improving energy efficiency. Successful completion of the Project will form the basis for further expansion. ON BEHALF OF THE BOARD OF DIRECTORS Bill Xue
Cautions Regarding Forward-Looking Statements Certain statements contained in this news release constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as "anticipate", "continue", "estimate", "expect", "expected", "intend", "may", "will", "project", "plan", "should", "believe" and similar expressions (including negative variations), or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. For more information on the contents of this release please contact Simon Guo, Corporate Secretary, at 306-924-9378. ![]() May 20, 2022 Western Potash Corp. is pleased to announce that its parent company Western Resources Corp.(“Western” or the “Company”) (TSX: WRX) has entered into an Amended and Restated Subscription Agreement (the “Amendment”) originally signed on February 16, 2022 with Vantage Chance Limited (“Vantage”), in which Vantage has committed to make a strategic equity investment of C$80,000,000 (the “Investment Transaction”) in Western Potash Holdings Corp. (“WPHC”), a wholly owned subsidiary of the Company. The Amendment includes, among others, the following two material changes: 1. Subject to satisfaction or waiver of all closing conditions, the Investment Transaction will close in two tranches:
On Subsequent Closing Date, Vantage will be the registered and beneficial owner of an aggregate of 157,325,071 common shares of WPHC, representing 54% of total issued and outstanding common shares in WPHC for total proceeds of $80,000,000.00. 2. Within 180 days after the Closing of the Subsequent Subscription, either of the Company or Vantage may elect to convert all of the157,325,071 shares held by Vantage into 219,726,258 common shares of the Company, which will represent approximately 54% of the current total issued and outstanding common shares of the Company (the “Conversion Option”). There are no anti-dilution provisions which provide an adjustment for events for which not all securities holders are compensated for. The exercise of Conversion Option will create a new control person of the Company. The conversion will be subject to the TSX approval and Western shareholders’ approval. The Amendment will be available on SEDAR under the issuer profile of the Company at www.sedar.com. Bill Xue, Western’s Chairman and CEO stated, “We are pleased to see that the Vantage equity transaction is nearing completion. Following the recent closing of the first tranche of funding from Appian Capital (as set out in our recent news release dated May 16, 2022), the Investment Transaction greatly increases financial assurance of successful Milestone Project completion. I’m also impressed with Vantage’s vision in agreeing to the Conversion Option, which ensures Western’s full control over Western Potash Corp. and the Milestone Project, which is in the best interest of all shareholders of the Company. We look forward to working closely with our new partner in the future.” About Western Resources Corp. Western Resources Corp. and the Company’s wholly owned subsidiary Western Potash Corp. are constructing one of Canada’s newest and most innovative, environmentally friendly and capital-efficient potash mines. It is expected to be the first potash mine internationally to leave no salt tailings at the surface, thereby reducing the water consumption by approximately half as well as significantly improving energy efficiency. Successful completion of the Project will form the basis for further expansion. ON BEHALF OF THE BOARD OF DIRECTORS Bill Xue
Cautions Regarding Forward-Looking Statements Certain statements contained in this news release constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as "anticipate", "continue", "estimate", "expect", "expected", "intend", "may", "will", "project", "plan", "should", "believe" and similar expressions (including negative variations), or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. For more information on the contents of this release please contact Simon Guo, Corporate Secretary, at 306-924-9378. ![]() May 17, 2022 Western Potash Corp.("Western") is pleased to announce that it has entered into a cost- reimbursable construction services agreement (the “Agreement”) with Stuart Olson Prairie Construction Inc., a wholly owned subsidiary of Bird Construction Inc. (TSX: BDT) (“Bird”), as general contractor to continue the bulk of the remaining construction work for the Milestone Phase I Project (the “Project”) of Western Resources Corp.(the "Company"). Project construction was put on hold in May 2020 when the process plant was approximately 50% complete. The Agreement resolves all prior outstanding issues between Western and Bird and establishes a new time & material (“T&M”) based contract governing completion of the remaining Project work. The scope of work will be focussed on process plant section completion, including certain steel and pipework, completion of major equipment installation, electrical and control system completion, building and site work. Bird will begin mobilization in early June, with an anticipated maximum workforce of around 100 people expected at the site. Construction is expected to be completed by Q2, 2023, and followed by a three-month general commissioning, with production to start up in Q3 of 2023. Pursuant to the Agreement and in exchange for the cancellation of amounts owing to Bird, Western has made a cash payment of $14 million to Bird and will cause the Company to issue 10,000,000 warrants ("Warrants") to Bird as part of the settlement for debt previously owed to Bird, which will allow Bird, after exercise, to acquire up to 10,000,000 common shares of the Company, which as of the date of this release represents 5.34% of the Company's issued and outstanding common shares, and will represent up to 5.07% of the Company’s issued and outstanding common shares on a post-transaction basis. Subject to the TSX review and approval, the main terms of the Warrants are as follows:
Because the exercise price of the Warrants is less than the market price of the common shares at the date of the Agreement, issuance of the Warrants requires shareholders' approval pursuant to Section 607(i) of the TSX Company Manual. The Company is relying on an exemption from the requirement to hold a meeting of its shareholders to approve the issuance of the Warrants as its majority shareholder Tairui Mining Inc. ("Tairui"), which holds 56.55% of the total issued and outstanding common shares of the Company as of the date hereof and has knowledge of and is familiar with the terms of the Agreement, will provide a written consent, pursuant to Section 604(d) of the TSX Company Manual. Western is also pleased to announce that Mr. Alex Watson and Mr. Randy Lange have both joined Western and will lead its construction management team as, respectively, Project Sponsor and site Construction Manager. Western is confident that each individual’s intensive project management experience tremendously increases the likelihood that remaining construction work will be completed within budget and on schedule. Mr. Bill Xue, Chairman and CEO of the Company, commented, “we are very grateful to BIRD for the kind understanding and strong support it has provided to Western over the past two years when the Project was in suspension. Our management and financial partners are excited that Bird will soon restart Project construction to build one of the most innovative and efficient new potash mines in Saskatchewan, which will greatly benefit local Saskatchewan communities, and the Province of Saskatchewan in general”. About Western Resources Corp. Western Resources Corp. and the Company’s wholly owned subsidiary Western Potash Corp. are constructing one of Canada’s newest and most innovative, environmentally friendly and capital-efficient potash mines. It is expected to be the first potash mine internationally to leave no salt tailings at the surface, thereby reducing the water consumption by approximately half as well as significantly improving energy efficiency. Successful completion of the Project will form the basis for further expansion. ON BEHALF OF THE BOARD OF DIRECTORS Bill Xue Cautions Regarding Forward-Looking Statements Certain statements contained in this news release constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as "anticipate", "continue", "estimate", "expect", "expected", "intend", "may", "will", "project", "plan", "should", "believe" and similar expressions (including negative variations), or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. For more information on the contents of this release please contact Simon Guo, Corporate Secretary, at 306-924-9378.
![]() May 16, 2022 Western Potash Corp. (the "Western") is pleased to announce today that it has closed the first tranche, in the amount of C$45 million, of its Loan Transaction with Appian Capital Advisory LLP ("Appian"), the terms of which were previously announced in the press release of April 28, 2022. The first tranche of funds from the Loan Transaction will be used by Western to restart immediately construction of the Milestone Phase 1 Project (“Project”) and continue with its optimized mining development plan. The funding will also be applied in the settlement of all outstanding legal claims against Western and the removal of all liens related to those claims. In addition, pursuant to Section 604 (d) of the TSX Company Manual, the Company has received the written consent from its majority shareholder Tairui Mining Inc. ("Tairui"), which holds 56.55% of the total issued and outstanding common shares of the Company as of the date hereof. Tairui consents to and approves of the issuance by the Company of 20,774,030 Warrants to WPC Investments B.V. (the "Warrantholder"), an affiliate of Appian pursuant to a Warrant Certificate. Following the closing of the first tranche of the Loan Transaction funding, the Company issued 20,774,030 common share purchase warrants ("Warrants") which will allow the Warrantholder, after exercise, to acquire up to 20,774,030 common shares of the Company ("Warrant Shares") at a price of $0.2834 for 6 years. The Warrants and the Warrant Shares are subject to a statutory four-month hold period. The Toronto Stock Exchange has conditionally approved the listing of the Warrant Shares. Mr. Bill Xue, Western Potash Corp. CEO, commented, “We are very excited to have this timely and critical funding from Appian. Appian’s endorsement of the Project gives us renewed confidence in our innovative mining technology. Our entire team can’t wait for the restart of the Milestone Project construction. Western looks forward to working closely with all related partners to kick off the construction.” About Appian Capital Advisory LLP Appian is a London-based leading investment advisor to long-term value-focused private equity funds that invest solely in mining and mining-related companies, with global experience across South America, North America, Australia and Africa and a successful track record of supporting companies to achieve their development targets. Appian has a global operating portfolio and a team of 54 experienced professionals with presences in London, Toronto, Vancouver, Lima, Belo Horizonte, Montreal and Sydney overseeing nearly 5,000 employees in the projects and the companies it invested. About Western Resources Corp. Western Resources Corp. (TSX: WRX) (“the Company”) and the Company’s wholly owned subsidiary Western Potash Corp. are constructing one of Canada’s newest and most innovative, environmentally friendly and capital-efficient potash mines. It is expected to be the first potash mine internationally to leave no salt tailings at the surface, thereby reducing the water consumption by approximately half as well as significantly improving energy efficiency. Successful completion of the Project will form the basis for further expansion. ON BEHALF OF THE BOARD OF DIRECTORS Bill Xue For more information on the contents of this release please contact Simon Guo, Corporate Secretary, at 306-924-9378. Cautions Regarding Forward-Looking Statements Certain statements contained in this news release constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as "anticipate", "continue", "estimate", "expect", "expected", "intend", "may", "will", "project", "plan", "should", "believe" and similar expressions (including negative variations), or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. ![]() April 29, 2022 Western Potash Corp ("Western"). is pleased to announce today, it has entered into a C$85,000,000 term loan facility financing transaction (the "Loan Transaction") with Appian Capital Advisory LLP (“Appian”). The Loan Transaction has been negotiated at arm's length and will not materially affect control of the Company. Proceeds of the Loan Transaction will enable Western to continue and complete the remaining construction and development of the Milestone Phase I Project (the “Project”), pay out existing creditors and for general and administrative expenses of the Project. The Loan Transaction includes:
the issuance to Appian by the Company of 20,774,030 warrants ("Warrants") as part of the consideration for the Facility, which will allow Appian, after exercise, to acquire up to 20,774,030 common shares of Company, which currently represents 11.1% of the Company's issued and outstanding common shares, and will represent up to 9.9% of the Company’s issued and outstanding common shares on a post-transaction basis. The main terms of the Warrants are as follows: The Warrants can be exercised by cash or without cash consideration (cashless exercise pursuant to the formula set out in the TSX Company Manual). The exercise price of the warrants is $0.2834, representing a 25% discount to the 5-day VWAP on April 28, 2022, the execution date of the Facility Agreement. The term of the Warrants are 6 years from the closing of the Loan Transaction. If the Company share price reaches at least C$0.50/share above exercise price for 5 consecutive trading days (to be adjusted for customary anti-dilution provisions), Appian will be required to exercise (via cash or cashless exercise) within 5 business days, subject to Appian being legally permitted to exercise. The form of Warrants certificate contains customary anti-dilution provisions. The exercise price of the Warrants is less than the market price of the common shares at the date of the Facility Agreement and as such requires shareholders' approval pursuant to Section 607(i) of the TSX Company Manual. The Company is relying on an exemption from holding a meeting of shareholders as its majority shareholder Tairui Mining Inc. ("Tairui"), which holds 56.55% of the total issued and outstanding common shares of the Company as of the date hereof, will provide a written consent, pursuant to Section 604(d) of the TSX Company Manual. Tairui is familiar with the terms of the Transaction and is in favour of it. The Facility Agreement and other material documents of the Loan Transaction will be filed and available under the Company’s profile on SEDAR at www.sedar.com. The Company is also pleased to announce that further to its previously announced equity investment of C$80,000,000 (the “Equity Transaction”) by Vantage Chance Limited (“Vantage”) in Western Potash Holdings Corp. (“WPHC”), a wholly owned subsidiary of the Company, Vantage has confirmed its receipt from Industry Canada that no national security notice has been sent and no notice will be forthcoming under Investment Canada Act. The Company expects the Equity Transaction will close in May 2022. Western Resources Corp. Chairman and CEO, Mr. Bill Xue said, “I am proud of the breakthrough that the Western team has made in signing the Loan Transaction with Appian. This funding, together with the C$80 million equity investment, will provide a huge capital injection for Western and a solid foundation for the completion of the Project. I am grateful to the dedicated team members for their hard work and look forward to witnessing the revolutionary changes the Project will bring to potash mining in the Province of Saskatchewan.” Michael W. Scherb, Appian Founder and CEO, commented: “I am delighted to be supporting Western Resources in the development of the Project. This transaction demonstrates the continued success of Appian’s dedicated credit and royalties offering, highlighting our ability to invest through the capital structure and provide non-dilutive financing for mining companies. The value that our market-leading technical team brings is also a key differentiator, with our expertise helping project owners to maximize potential and returns.” About Appian Capital Advisory LLP Appian is a London-based leading investment advisor to long-term value-focused private equity funds that invest solely in mining and mining-related companies, with global experience across South America, North America, Australia and Africa and a successful track record of supporting companies to achieve their development targets. Appian has a global operating portfolio and a team of 54 experienced professionals with presences in London, Toronto, Vancouver, Lima, Belo Horizonte, Montreal and Sydney overseeing nearly 5,000 employees in the projects and the companies it invested. About Western Resources Corp. Western Resources Corp. and the Company’s wholly owned subsidiary Western Potash Corp. are constructing one of Canada’s newest and most innovative, environmentally friendly and capital-efficient potash mines. It is expected to be the first potash mine internationally to leave no salt tailings at the surface, thereby reducing the water consumption by approximately half as well as significantly improving energy efficiency. Successful completion of the Project will form the basis for further expansion. ON BEHALF OF THE BOARD OF DIRECTORS Bill Xue Cautions Regarding Forward-Looking Statements Certain statements contained in this news release constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as "anticipate", "continue", "estimate", "expect", "expected", "intend", "may", "will", "project", "plan", "should", "believe" and similar expressions (including negative variations), or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. For more information on the contents of this release please contact Simon Guo, Corporate Secretary, at 306-924-9378 ![]() March 29, 2022 Vancouver BC – Western Resources Corp. (TSX: WRX) (“Western” or “the Company”) is pleased to announce that its shareholders approved all items put before them at the Company’s Annual General and Special Shareholder Meeting (“AGM”) held on March 28, 2022. The approved items are: 1. Fixed the number of directors of the Company at 6; 2. The election of Bill (Wenye) Xue, George (Xiang) Gao, Weimin Wang, Guy Bentinck, Andrew Hancharyk and Yujia Ren to the Board. A total of 107,693,679 common shares, representing 57.54% of the issued and outstanding common shares of the Company, were present in person or by proxy at the meeting. The approximate number of those votes “For” each director, the approximate "Percentage" of the total votes cast and the "Withheld/Abstain" votes for each director are shown as below: 3. The appointment of MNP LLP as auditors of the Company at a remuneration to be fixed by the directors; and 4. The approval of the Subscription Agreement with Vantage Chance Ltd. (“Vantage”), with a total of 107,465,763 common shares voting “FOR” the deal, representing 99.79% of the issued and outstanding common shares of the Company voted at the meeting by ballot and by proxy. Under the Subscription Agreement, Vantage commits to invest C$80,000,000 in a newly formed Western Potash Holdings Corp. (“WPHC”) and receive in exchange an aggregate of 54% of the issued and outstanding common shares of WPHC, with the remaining 46% of the WPHC common shares to be held by Western. The elected Board members thereafter appointed Mr. Mark Fracchia into the Board. The new Board then elected Mr. Bill Xue as Chairman of the Company and Chair of the Executive Committee, Mr. Mark Fracchia as Chair of the Nominating and Governance Committee, Mr. Guy Bentinck as Chair of the Audit Committee and Mr. Andrew Hancharyk as Chair of the Corporate Disclosure Policy Committee. Mr. Arthur Ma from China BlueChemical Ltd. and Mr. Hailin Yu from Guoxin International Investment Corp. Ltd. are re-appointed as Board Observers. The Company welcomes Mr. Fracchia to Western’s board. Mr. Fracchia brings over 30 years of management, executive, director and solution mining experience to the Company. He was President of PCS Potash at PortashCorp (now Nutrien) from 2014 to his retirement in January 2018. After the closing of the investment transaction with Vantage, Mr. Fracchia will serve as Chair of Western Potash Corp.’s Executive Committee. The Board is confident that Mr. Fracchia will play a very important role in helping the Company to ensure that its Milestone Project will remain on path. Western’s Chairman Bill Xue said, “we are very pleased to have Mr. Fracchia to join our Board. The new Board structure now becomes more reasonable covering strategic, financial, technical, legal and corporate management. I am excited to see the approval of the financing deal at the Shareholders Meeting, I want to take this opportunity to thank our dedicated team members, contractors and vendors for their kind understanding and strong support over the past two years when Western Potash was experiencing a challenging time. We look forward to the completion of the project financing in the days ahead. I am confident that Western will be able to deliver a successful and innovative potash project to the Province of Saskatchewan”. About Western Resources Corp. Western Resources Corp. (TSX: WRX) (“the Company”) and the Company’s wholly owned subsidiary Western Potash Corp. are constructing Canada’s newest and most innovative, environmentally friendly and capital-efficient potash mine. This will be the first potash mine in the world that will leave no salt tailings at the surface, thereby reducing the water consumption by half as well as significantly improving energy efficiency. The Phase I Project is under construction and will form the basis for further expansion. ON BEHALF OF THE BOARD OF DIRECTORS Bill Xue Cautions Regarding Forward-Looking Statements Certain statements contained in this news release constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as "anticipate", "continue", "estimate", "expect", "expected", "intend", "may", "will", "project", "plan", "should", "believe" and similar expressions (including negative variations), or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. For more information on the contents of this release please contact Simon Guo, Corporate Secretary, at 306-924-9378. ![]() February 16, 2022 Western Potash Corp. is pleased to announce that its parent company Western Resource Corp. (“Western”) has signed a subscription agreement (the “Subscription Agreement”) today with Vantage Chance Limited (“Vantage”), in which Vantage has committed to make a strategic equity investment of C$80,000,000 (the “Investment Transaction”) in Western Potash Holdings Corp. (“WPHC”), a newly formed company which, upon completion of a reorganization (described below), will own 100% of Western Potash Corp. (“WPC”) and its Milestone Potash Project. Vantage is a private investment company registered in the British Virgin Islands. WPHC was incorporated under British Columbia’s Business Corporations Act on January 13, 2022 by Western for the purpose of structuring the transaction. Upon approval by Western’s shareholders, and prior to the completion of the transactions contemplated in the Subscription Agreement, Western will transfer its 100% equity interest in WPC (134,017,653 common shares) to WPHC in exchange for an equivalent number of WPHC common shares, which will represent 100% of the issued and outstanding shares of WPHC (the “Reorganization”). Under the Subscription Agreement, Vantage will invest C$80,000,000 in WPHC and receive in exchange an aggregate of 157,325,071 WPHC common shares. As a result, Vantage will hold 54% of the issued and outstanding common shares of WPHC. Western will hold the remaining 46% of the issued and outstanding WPHC common shares. Completion of the investment transactions is subject to customary closing conditions, including approval by Western’s shareholders at Western’s upcoming Annual and Special Shareholders Meeting scheduled for March 28, 2022 and obtaining certain regulatory approvals. Closing is expected to occur on or around May 31, 2022. The Investment proceeds raised from the Investment Transaction will be used in the completion of the Milestone Potash Project construction. Full details of the Investment Transaction and the Reorganization will be included in a management information circular of Western that is expected to be mailed to Western shareholders on or around February 22, 2022 (the "Circular"). The Subscription Agreement and the Circular will be made available on SEDAR under the issuer profile of Western at www.sedar.com. Bill Xue, Western’s President and Chief Executive Officer stated, “The last two years have been very challenging for Western, as we attempted to complete Phase I of our Milestone Potash Project, with limited access to capital due to a variety of factors, including COVID-19. We expect that the investment by Vantage will allow us to complete the project and allow it to recognize its full potential, including use of the innovative technology we have developed alongside. When successfully completed, we expect the project will significantly change potash mining in Canada as the project is planned to be the first potash mine in the world to leave no salt tailings at surface level, reduce water consumption by up to 50% and significantly improve energy efficiency. We look forward to working closely with our new partner as we continue to develop and expand Milestone”. ON BEHALF OF THE BOARD OF DIRECTORS Bill Xue Cautions Regarding Forward-Looking Statements Certain statements contained in this news release constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as "anticipate", "continue", "estimate", "expect", "expected", "intend", "may", "will", "project", "plan", "should", "believe" and similar expressions (including negative variations), or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. For more information on the contents of this release please contact Jerry Zhang, Corporate Secretary, at 306-924-9378. ![]() December 31, 2021 Western Potash Corp. (“Western” or the “Company”) is pleased to announce that the company has filed an updated NI 43-101 Technical Report (the “Report”) for its Milestone Phase 1 Project (the “Phase 1 Project”) on SEDAR on December 29, 2021, in conjunction with the filing of the Parent Company’s Audited Consolidated Financial Statements, Management Discussion & Analysis, and Annual Information Form. These documents are now available at www.sedar.com. Western released preliminary findings of the Report in a news release dated November 19, 2021. In the Report, the after-tax project net present value (“NPV”) is $CAD197.7M compared with $CAD225.8M reported in the November 19, 2021 news release. The Phase 1 Project’s post-tax internal rate of return remains unchanged at 20.4%. The change in NPV is due to revised product transportation costs, adjustments to project taxation, and production optimizations. The revised financial model supporting the Report is part of a continual improvement process for the Phase 1 Project to provide the best possible outcomes and reduce project risk. The Report also confirms an expansion of the mine life from 12 to 40 years. This news release was reviewed by Kyle Krushelniski, P.Eng., of March Consulting Associates Inc., who is a Qualified Person under NI 43-101 and is the lead author of the updated NI 43-101 Technical Report, on which this news release is based. About Western Resources Corp. Western Resources Corp. (TSX: WRX) (“Western” or “the Company”) and the company’s wholly-owned subsidiary Western Potash Corp. are constructing Canada’s newest and most innovative, environmentally friendly and capital-efficient potash mine. This will be the first potash mine in the world that will leave no salt tailings at the surface, thereby reducing the water consumption by half as well as significantly improved energy efficiency. About March Consulting Associates Inc. March Consulting Associates Inc. (March) is a Saskatchewan based employee and First Nations’ owned organization, operating in Saskatchewan for over 22 years with offices in Saskatoon, and Regina. March provides engineering, procurement, project, and construction management to a variety of resource‐based industrial and commercial enterprises. March utilizes the latest digital, analytical, and intelligent 3D modelling capabilities in the mining, process, mechanical, electrical, instrumentation and controls, civil, structural, and Finite Element Analysis (FEA) disciplines. For more information about this release please contact Jerry Zhang, Corporate Secretary, at 306-924-9378. ![]() November 19, 2021 Western Potash Corp.(WPC) is pleased to announce that WPC has has received key findings from its upcoming NI 43-101 report (“Report”) for its Milestone Phase I Project (“The Phase I Project”) in southern Saskatchewan. The Report is based on the expansion of the mine life from 12 years to 40 years and the update of the mining plan. The technical Report is being prepared by March Consulting Associates Inc. (“March”). March is an engineering and project management provider with extensive experience in delivering mining projects across Saskatchewan. The Phase I Project is the first stage of Canada’s newest and most innovative, environmentally friendly and capital-efficient potash mines. Currently, the total Phase I Project is approximately 78% complete (including engineering, procurement, infrastructure and construction) and awaiting final financing to finish. The initial startup and commissioning of the solution mining is complete and was operated for approximately 18 months, accumulating potash in the crystallization pond. Data and other information obtained from these operations in conjunction with several leading solution mining experts has enabled Western to optimise the Phase I Project solution mining plan to enhance the reliability to meet the target production of 146,000 tonnes per annum (tpa) of granular potash. The mining plan will extract both the Belle Plaine and Patience Lake members from a series of horizontal caverns which have been planned within the unitized area. The reserves within the expanded unitization area are:
Cavern losses (10%) and processing recoveries of 95% have been applied to the reserves. The proven and probable reserves within the unitized area are sufficient for a mine life of over 200 years at the target production rate. The project economics are based on an operation period of 40 years at target production. Excess reserves would be available to extend mine life or increase production in the future. The resource estimate (effective the date of this release) within Saskatchewan Subsurface Mineral Lease KLSA 008 is as follows:
The Resource numbers were adjusted with deductions for unseen anomalies (5% Measured, 9% Indicated and 25% Inferred). A cut-off grade of 15% K2O was applied. No thickness or carnallite grade cut-offs were applied. Extraction ratio’s and/or cavern losses were not applied to the resource tonnages. Reserves are included in the Resource numbers. The actual CAPEX allocated to the Phase I Project to date is $116.24M and a further $33.21M is needed to complete the Project and bring the plant into production, resulting in a total Phase I Project CAPEX of $149.45M (including a 12.5% contingency on the remaining CAPEX). This estimate adopts the AACE (Association for the Advancement of Cost Engineering) International Class 3 standard. The total annual OPEX for the Phase I Project, based on operational data from the pilot phase, is estimated at $CAD13.25M per year (excluding G&A, logistics and royalties) or $CAD90.60/t MOP for 146,000 tpa. Sustaining CAPEX consists mainly of expanding the mine field (drilling, piping and infrastructure) and planned equipment maintenance. Sustaining CAPEX includes approximately $36M every six years to expand the wellfield for ongoing production. Assuming a nominal discount rate of 8%, the economic analysis yields an after-tax project Net Present Value (NPV) of $CAD225.8M, with an Internal Rate of Return (IRR) of 20.4%, based on the assumption of 100% equity investment and potash price of $US524/t ($CAD665/t) FOB mine gate. This price is obtained from the Argus report from November 2021 for granular MOP to the USA Corn Belt and forecasted freight costs from the mine. Costs are given in Canadian dollars ($CAD) and prices are given in United States dollars ($US), with an assumed exchange rate of $US 1 = $CAD 1.27. Inflation has not been applied to the potash price or future costs with the noted potash price assumed to apply from 2025 to the end of project life. March has undertaken a review of the project and determined mine life could be increased from 12 to 40 years with the implementation of an asset maintenance and replacement strategy. The full costs of this plan have been included in the OPEX and sustaining CAPEX results above. The management continues to have confidence in the success of the Phase I Project, and has a plan to engage March to complete studies for the purpose of increasing the total capacity of the site to around 300,000 tonnes per annum. This would aim to duplicate the existing surface facilities on the adjacent quarter section to maximize the use of existing infrastructure and utilities already on site. This news release was reviewed by Kyle Krushelniski, P.Eng. of March Consulting Associates Inc., who is a Qualified Person under NI 43-101 and is the lead author of the updated NI 43 101 Technical Report on which this news release is based. About Western Resources Corp. Western Resources Corp. (TSX: WRX) (“Western” or “the Company”) and the company’s wholly-owned subsidiary Western Potash Corp. are constructing Canada’s newest and most innovative, environmentally friendly and capital-efficient potash mine. This will be the first potash mine in the world that will leave no salt tailings at the surface, thereby reducing the water consumption by half as well as significantly improved energy efficiency. About March Consulting Associates Inc. March Consulting Associates Inc. (March) is a Saskatchewan based employee and First Nations’ owned organization, operating in Saskatchewan for over 22 years with offices in Saskatoon, and Regina. March provides engineering, procurement, project, and construction management to a variety of resource‐based industrial and commercial enterprises. March utilizes the latest digital, analytical, and intelligent 3D modelling capabilities in the mining, process, mechanical, electrical, instrumentation and controls, civil, structural, and Finite Element Analysis (FEA) disciplines.
Cautions Regarding Forward-Looking Statements
Except for statements of historical fact relating to the Company, certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the filing and results of the Technical Report. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. For more information on the contents of this release please contact Jerry Zhang, Corporate Secretary, at 604-689-9378. ![]() July 27, 2021 Western Potash Corp. is pleased to report on the overall status of and progress on the Company’s Milestone Potash Phase 1 Project (the “Project”) , and the Company’s gradual phase out of its real estate investments from its business model in order to improve its financial position and refocus its efforts on the successful completion of the Project. Since suspending construction of the Project in May of last year, Western has continued advancing and optimizing its mining operations. These are key to securing the remaining project financing required to complete the balance of plant construction. From April 28, 2020, when hot mining started, until its suspension on May 28 this year, Western’s operation team has accumulated extensive experience and collected valuable mining data relevant to the application of its innovative solution mining technology. After extensive analysis of the data, and with the help of a number of leading solution mining experts, Western is developing an optimized solution mining plan. The new plan is to focus on the increase of solution mining efficiency and life span of the mining caverns. To have those positive changes reflected in the overall economic assessment of the Project, Western has engaged a third-party engineering firm to review the operation plans and update its National Instrument 43-101 technical report. The updated report will also include an anticipated increase in the Project’s mine life from 12 to 40 years. Key findings of the report are expected to be released by mid-October 2021. In terms of financing, the Company would like to express its utmost thanks to all the contractors and suppliers for their kind understanding and support and we are pleased to note that majority of key creditors have agreed to extend Western’s payment deadlines, which enables Western to focus on obtaining the investments necessary to secure Project financing. Although the Company and Western have been faced with certain challenges and uncertainties, our goal remains to complete Project financing by end of this year, which is expected to allow Western to pay off outstanding creditors, and to restart mining operations and Project construction. In order to support the Company’s liquidity, the Company commenced the process of selling its real estate investments earlier this year, with all property sales expected to close by the end of the 3rd quarter of this year. Thereafter, the Company will focus its business efforts solely on the development of the Project. About Western Potash Corp Western Resources Corp. (TSX: WRX) and its wholly owned subsidiary Western Potash Corp. are constructing what is expected will be Canada’s newest and most innovative, environmentally friendly, and capital-efficient potash mine. This will be the first potash mine in the world that is expected to leave no surface salt tailings, reducing the water consumption by half as well as significantly improving energy efficiency. The Phase I Project is expected to move into production in 2022 (subject, among other things, to successful completion of additional project financing), and will form the basis for further expansions. For more information on the Project, please refer to: www.westernpotash.com, or call Tel: 306-924-9378. Cautions Regarding Forward-Looking Statements Except for statements of historical fact relating to the Company, certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the filing and results of the Technical Report. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws.
![]() March 15, 2021 Vancouver BC – Western Resources Corp. (TSX: WRX) (“Western” or “the Company”) is pleased to announce that its shareholders approved all items put before them at the Company’s Annual General Meeting (“AGM”) held in its Vancouver office and virtually on March 12, 2021. At the meeting, Western’s shareholders:
![]() 3. Re-appointed KPMG LLP as auditor of the Company at a remuneration to be fixed by the directors; and
4. Re-approved the Company’s rolling Incentive Stock Option Plan.
A total of 126,744,644 common shares, representing 67.82% of the votes attached to all outstanding shares of the Company as at the record date, were present in person or by proxy at the meeting.
The elected Board members thereafter approved key Board and Management appointments, including re-appointment of Mr. Bill Xue as Chairman of the Board and Chair of the Executive Committee; Mr. George Gao as Chair of the Corporate Disclosure Policy Committee, Senior Vice President, Corporate Finance and Chief Financial Officer; Mr. Guy Bentinck’s re-appointment as Chair of the Audit Committee and Mr. Weimin Wang as Chair of the Compensation Committee. Mr. Arthur Ma from China BlueChemical Ltd and Mr. Hailin Yu from Guoxin International Investment Corp. Ltd. are re-appointed as Board Observers. The Board wishes to express its thanks to Mr. Fritz Venter and Mr. Alnesh Mohan, both of whom have contributed to the development of the Project and the Company. Western’s Chairman Bill Xue said, “We want to thank all the contractors and suppliers for their continued support and understanding during this unique and challenging period to bring the Milestone Project to fruition. Our special thanks goes to Archer Daniels Midland Company (“ADM”) for the 18 month extension to the binding offtake agreement Commencement Date of product delivery starting no later than November 30, 2022. Our primary focus continues to be raising the financing required to complete the remaining 15% of the Project. We are pleased with the continued progress during the past ten months, where the Project team overcame many challenges to successfully achieve its staged goals in mining performance. The mining parameters, cavern volumes and dissolution efficiency are trending toward the operational targets which is key to securing financing. As the ongoing pandemic and overall market environment continues to affect financing, shareholders are reminded that there can be no certainty the Company will predict a confirmed timeline for financing, although the Company has mobilized all resources to that end.” For more information on Western Resources Corp. or the Milestone Potash Project, please refer to its SEDAR profile at www.sedar.com or contact Tel: 604-689-9378, email: info@westernresources.com, website: www.westernresources.com and www.westernpotash.com. About Western Resources Corp. Western Resources Corp. (TSX: WRX) and the company’s wholly-owned subsidiary Western Potash Corp. are constructing Canada’s newest and most innovative, environmentally friendly and capital-efficient potash mine. This will be the first potash mine in the world that will leave no salt tailings at the surface, thereby reducing the water consumption by half as well as significantly improved energy efficiency. The Phase I Project is about 85% complete and its construction is currently on hold due to financing. Once completed, it will form the basis for further expansion. Cautions Regarding Forward-Looking Statements Except for statements of historical fact relating to the Company, certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the filing and results of the Technical Report. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws.
![]() May 14, 2020 Western Potash Corp. (“Western” or “the Company”) announces that it is delaying completion of construction for the balance of the Milestone Phase 1 Project (“Phase 1 Project”) process plant from July to the end of this year. The Phase 1 Project is already 83% complete in the overall status. It has completed engineering, procurement, construction of infrastructure, crystallization pond, electrical distribution systems, brine heating and pumping systems to support operation of commercial solution mining. A significant portion of the balance of plant including the Process Plant, Compaction and Loadout has also been constructed, with only limited equipment still to be delivered and installed. The unfinished portion does not affect the on-going solution mining operations. Unfortunately, the COVID-19 pandemic has caused economic issues on a global scale and as a result delayed our ability to complete the final tranche of funding as previously planned; this has slowed down our ability to complete construction for the balance of the plant. The Company continues working with potential investors to complete the final tranche of funding, as well as pursuing alternative sources of financing for the completion of the remaining construction. Nevertheless, the Company will continue the operation of full-scale hot mining to consistently build up inventory of potash in the crystallization pond, getting ready for harvesting by the end of the year. Western Potash Corp. CEO and President, Fritz Venter, said, “I would like to stress that WPC is fully committed to completing this exciting and innovative project. We have already demonstrated that solution mining using horizontal drilling works and completed an impressive amount of the construction of the processing plant. We will continue to work closely with all stakeholders during this time. Once funding is confirmed we will re-start construction. We have full confidence in the ultimate success of the Phase 1 Project”. About Western Resources Corp. Western Resources Corp. (TSX: WRX) (FSE: WR0) (“Western” or “the Company”) and the company’s wholly-owned subsidiary Western Potash Corp. are constructing Canada’s newest and most innovative, environmentally friendly and capital-efficient potash mine. This will be the first potash mine in the world that will leave no salt tailings at the surface, thereby reducing the water consumption by half as well as significantly improved energy efficiency. The Phase I Project is expected to be completed and moves into production by the end of 2020, which will form the basis for further expansion. For more information on the Project, please refer to: www.westernpotash.com, Tel: 306-924-9378. Cautions Regarding Forward-Looking Statements Except for statements of historical fact relating to the Company, certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the filing and results of the Technical Report. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. ![]() April 30, 2020 Regina SK – Western Potash Corp. (“Western” or “the Company”) is pleased to announce that the Company safely and successfully started its Hot Mining operations Tuesday, April 28, 2020 at its Milestone Phase I Plant, southeast of Regina, Saskatchewan. Hot Mining recirculates heated saturated brine from the crystallization pond into the caverns, and preferentially extracts the dissolved potash (KCl) in the cavern which returns to the crystallization pond, while leaving the salt (NaCl) in place underground. Hot mining demonstrates the enhanced horizontal solution mining process while building an inventory of potash in the crystallization pond. By design, each cavern will be producing about 4,000 tonnes of KCl per month into the crystal pond. The horizontal selective solution mining is environmentally friendly and capital efficient, while also greatly shortening the time to production compared to traditional mining. This will be the first greenfield potash mine in Canada that will leave no salt tailings on the surface, thereby significantly reducing water and energy consumption. The process plant is expected to be completed and ready to harvest the inventory of potash in the pond by the end of 2020. Once finished the plant will de-brine, dry and compact the potash and truck to the local Port Lajord fertilizer distribution center where Archer Daniels Midland (ADM) has signed a binding off-take agreement with Western to sell the 100% of the offtake. Appropriate operating permits were obtained as part of the on-going permitting process, and the Company continues to work in close conjunction with the RM of Lajord, Provincial government, the local community and businesses. Mr. Fritz Venter, President and CEO of Western Potash Corp., commented: “The start of Hot Mining is a significant milestone for the Project construction, it demonstrates the viability of the new technology, and will bring about significant economic values to investors and shareholders. This technology will disrupt the Solution Mining Potash industry. I would like to thank everyone involved in the successful construction and startup of Hot Mining, including the Western team, a number of sub-contractors, vendors and local businesses and government who continued to give their best despite having to deal with the evolving pandemic and the challenges it presented.” For more information on the Company, please refer to: www.westernresources.com, Tel: 604-689-9378. Cautions Regarding Forward-Looking Statements Except for statements of historical fact relating to the Company, certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the filing and results of the Technical Report. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. ![]() March 16, 2020 Western Potash Corp. is pleased to announce that the shareholders of its parent company Western Resources Corp.("Western" or "the Company") approved all items put before them at the Company’s Annual General Meeting held on March 13, 2020. The approved items include: 1. Fixed the number of directors of the Company at 6; 2. The election of Wenye (Bill) Xue, Frederick (Fritz) Venter, Qinglong Xia, Yinping Wang, Guy Bentinck and Yujia Ren to the Board. Of the approximately 130.60 million common shares, representing 69.89% of the issued and outstanding common shares of the Company, voted at the meeting by ballot and by proxy, the approximate number of those votes “For” each director, and the approximate percentage of the total votes cast, are as follows: Bill Xue (111.49 million / 99.80%), Fritz Venter (111.49 million / 99.79%), Qinglong Xia (111.56 million / 99.86%), Yinping Wang (111.56 million / 99.86%), Guy Bentinck (111.57 million / 99.87%) and Yujia Ren (111.56 / 99.86%); 3. The reappointment of KPMG LLP as auditors of the Company at a remuneration to be fixed by the directors. The new Board elected Mr. Bill Xue as Chairman of the Board, Mr. Fritz Venter as Chair of the Corporate Disclosure Policy Committee, Mr. Guy Bentinck as Chair of the Audit Committee, and Mr. Yinping Wang will continue to serve as Chair of the Compensation Committee. The Company wants to express its thanks to Hon. James Moore, Mr. Xiaogang Chang and Ms. Jennifer Fang, who for personal reasons, decided not to continue to serve on the new board. All the three departing board members have provided sound and thoughtful guidance to the development of the Company in their own respective capacities during their tenure, which is instrumental to the achievements made and the Company wishes them well in the future. For more information on the contents of this release please contact Jerry Zhang, Corporate Secretary, at 604-689-9378. ![]() January 7, 2020 Regina, SK – Western Potash Corp. is pleased to announce that it has received an updated NI 43-101 compliant Mineral Resource Estimate for its Milestone Phase I Project (“Phase I Project”) in southern Saskatchewan. The National Instrument (NI) 43-101 Standards of Disclosure for Mineral Projects Technical Report was prepared by Agapito Associates, Inc. (“AAI”) and SNC-Lavalin (“SNCL”) with an effective date September 24, 2019. The report presents the results of the engineering design studies prepared by SNCL and AAI for a pilot-plant scale, selective solution mining operation located in Sections 19, 20, 29 and 30, Township 14, Range 17 West of the Second Meridian within Saskatchewan Subsurface Mineral Lease KLSA 008. The Phase I Project has been advanced through the Feasibility Stage to Engineering Design and then to cavern construction which was completed by October 23 and followed by injection of water at ambient temperature from the crystal pond into the underground caverns for circulation and mineral dissolution (“Cold Mining”). The technical report summarizes information obtained from exploration drilling conducted between January 2009 and March 2011, and details the results from the latest production drilling in July 2019. During the 2009–2011 exploration program, 11 cored exploration wells were completed on the KP408 and KP409 Subsurface Mineral Permits that were converted to Subsurface Mineral Lease KLSA 008 in 2010. Also in 2009, 474.5 line km of two-dimensional (2D) and 98 square kilometers (km2) of three-dimensional (3D) seismic surveys were run, processed, and interpreted for WPC by Boyd PetroSearch (now part of the RPS Group) of Calgary, Alberta. In 2019, the production well drilling program cored 1 of the 6 wells drilled for the Phase I Project to provide additional geologic information in that part of the Lease. Measured, Indicated, and Inferred Mineral Resources have been classified based on the volume of potash in cylinders centered on the cored and assayed drillholes on the Lease. Based on the economics for the Phase-I Project, Proven and Probable Mineral Reserves have been declared for the production portion of the Phase I Project, which consists of horizontal caverns sited in either the Belle Plaine or Esterhazy Members of the Prairie Evaporite. The Phase-I Project is based on Mineral Resources in the Belle Plaine and Esterhazy Members in the Unitized Area. Because in future, mining could also occur in the Patience Lake Member, tonnages in that member have also been included in the mineral resources for the Unitized Area, which consists of:
The Measured and Indicated Resources outside the Unitized Area were estimated to be mineral resources as follows (using a cutoff grade of 15.0% K2O or 23.7% KCl):
Inferred Resources on the KLSA 008 Lease are estimated to be (using a cutoff grade of 15.0% K2O or 23.8% KCl) 10,040-Mt in-place sylvinite, grading 29.0% KCl, or 18.3% K2O. The total CAPEX for the Phase I Project using a crystallization pond was estimated (in Canadian dollars) to be $CAD128.7 million (M) with an accuracy of ±10%, which corresponds to AACE International (Association for the Advancement of Cost Engineering) Class 3. The total annual OPEX for the Phase-I Project was estimated at $CAD11.7M per year (excluding logistics and royalties) or $CAD80/t MOP for 146,000 tpy. Sustaining CAPEX consists mainly of drilling of new caverns and reclamation of mined-out caverns at $CAD17.5M in 2025, $CAD10.1M in 2030, and $CAD7.5M in 2032. Assuming a nominal discount rate of 8%, the economic analysis yielded an after-tax project Net Present Value (NPV) of $CAD55.2M, with an Internal Rate of Return (IRR) of 17.2%, based on the assumption of full-equity investment and potash price of $US241/t ($CAD321/t). Costs are given in Canadian dollars ($CAD) and prices are given in United States dollars ($US), with an assumed exchange rate of $US 1 = $CAD 1.33. This news release was reviewed by Douglas Hambley, MBA, PhD, P.Eng. of Agapito Associates Inc., who is a Qualified Person under NI 43-101 and is the lead author of the updated NI 43‑101 Technical Report on which this news release is based. The in-house Qualified Person for the purposes of this press release is G. Vogelsang P.Eng., P.Geo., FEC, FGC, who has reviewed and approved the contents of this news release. About Western Potash Corp. Western Potash Corp.is constructing Canada’s newest and most innovative, environmentally friendly and capital-efficient potash mine. This will be the first potash mine in the world that will leave no salt tailings at the surface, thereby reducing the water consumption by half as well as significantly improved energy efficiency. The Phase I Project will be in production by Quarter 3 2020, and will form the basis for further expansion. Cautions Regarding Forward-Looking Statements Except for statements of historical fact relating to the Company, certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the filing and results of the Technical Report. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. For more information on the contents of this release please contact Jerry Zhang, Corporate Secretary, at 604-689-9378. ![]() October 25, 2019 Western Potash Corp (“Western” or “the Company”) is very pleased to announce that it has safely and successfully completed the Phase I production drilling program, and has start solution mining into all three horizontal caverns. These are the first intentionally drilled and connected horizontal potash caverns in Saskatchewan, and signify a new and improved method of extracting potash in the province. The drilling included three directionally drilled production wells, which were then connected to injection wells. Advanced horizontal drilling techniques were used to target the high-grade potash bed, and measurements confirmed the consistency along the entire length of the horizontal wells. After casing and tubing was placed, water from the crystallization pond was successfully circulated into the injection well and back out the production well in all three caverns. Pumping will be ongoing to enlarge the caverns and saturate the brine with salt in preparation for the start of hot mining in early 2020. Hot mining will recirculate brine into the caverns and preferentially extract the KCl (leaving the NaCl in place underground), building an inventory of potash in the crystallization pond over the winter. By the third Quarter of 2020 the process plant will be constructed and ready to harvest the inventory of potash in the pond. The plant will then de-brine, dry and compact the potash and truck to the local Port Lajord fertilizer distribution center for sale via Archer Daniel Midlands (ADM), who has signed a binding off-take for the entire Phase I production. Appropriate operating permits were obtained as part of the on-going permitting process, and the project continues to work in close conjunction with the RM of Lajord, Provincial Government, the local community and businesses. Mr. Fritz Venter, President and CEO of Western Potash Corp., commented: “The entire drilling program was completed safely on schedule and budget, and we are very excited about the possibilities this new method of solution mining potash provides in the province. We would like to thank our own team and the over 30 Saskatchewan and Alberta companies that have been involved in the project, including Artisan Consulting Services Ltd. who provided overall drilling supervision and Akita Drilling who provided the drill rig and crew to operate the rig.” About Western Resources Corp. ON BEHALF OF THE BOARD OF DIRECTORS “James Moore” Hon. James Moore Cautions Regarding Forward-Looking Statements Except for statements of historical fact relating to the Company, certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the filing and results of the Technical Report. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. For more information on the contents of this release please contact Jerry Zhang, Corporate Secretary, at 604-689-9378. ![]() September 25, 2019 Vancouver BC – Western Resources Corp. (TSX: WRX) (FSE: WR0) (“Western” or “the Company”) is very pleased to announce that Western Potash Corp, the company’s wholly-owned subsidiary, has entered into a binding offtake agreement with Archer Daniels Midland Company (NSYE: ADM) (“ADM”) for 100% of the potash production (146,000 tonnes per annum) from the Milestone Phase I plant. ADM is a world leader in agricultural sourcing, processing and transportation, and has built a vertically integrated global franchise with the sourcing, production and transportation capabilities to meet the needs of customers on six continents. ADM will be utilizing both their transportation and sales expertise to create a direct sale channel to market in North America. The purchase of potash through a local off-take agreement substantially reduces the Company’s cost to transport potash from the Phase I project to market, as well as expanding ADM’s diverse agricultural portfolio. Key terms of the offtake agreement include:
In addition, the Company is pleased to provide the following updates of the Milestone Phase 1 Project: Drilling Program: Construction: Operations: Mr. Fritz Venter, President and CEO of Western Potash Corp., commented: “We are very pleased with the progress achieved on the Milestone Project to-date. The offtake agreement for the purchase of our Phase I Project potash with a reputable partner such as ADM gives us great confidence in the final sale of our potash. The recent successful construction, drilling and start of operations to fill the crystal pond proves the project is on track to start production by late 2020. We look forward to the continued safe, on-budget and schedule completion of the project.” ON BEHALF OF THE BOARD OF DIRECTORS “James Moore” Hon. James Moore Chairman
Cautions Regarding Forward-Looking Statements Except for statements of historical fact relating to the Company, certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the filing and results of the Technical Report. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. For more information on the contents of this release please contact Jerry Zhang, Corporate Secretary, at 604-689-9378. ![]() August 1, 2019 Western Potash Corp. (“Western” or “the Company”) is pleased to announce that Western has appointed Mr. Fritz Venter as new CEO and President effective August 1, 2019. Mr. Venter has also been appointed as COO and board director of Western Resources Corp, which is the parent company of Western Potash Corp. He will lead the Project team to successfully develop the Milestone Potash Phase I Project. Prior to joining Western Potash, Mr. Fritz Venter was Senior Vice President and General Manager for a major EPC company in Canada responsible for its Global Mining & Metallurgy. Mr. Venter brings with him more than 34 years of experience with a number of the biggest international engineering and construction companies in the world, spanning industries including mining and metals, heavy oil, petrochemicals, refineries, power, fertilizer, and chemical industries. Fritz has managed offices and projects of various sizes around the world. He has worked in most areas of engineering, project execution and department and corporate management and connects an in-depth understanding of the actual operations, with the technical engineering and practical construction. He has a Mechanical Engineering background, and holds a Master of Science Degree in Industrial Engineering (operations management) and Master of Project Management. In those positions Mr. Venter has both managed “status quo” businesses as well as transformed existing ones. His vision is to transform the Western Potash Phase I Project into a multi-million tonne potash business, Mr. Venter commented: “Western Potash is a unique opportunity to not only build an innovative and environmentally friendly project, but a new business that will revolutionize the global Potash market. More than this I welcome the challenge of brining other projects into the Western Resources portfolio that compliments the vision of connecting Eastern capital with Global projects and markets”. Mr. Bill Xue, President and CEO of Western Resources commented: “We are fortunate and delighted to have Mr. Venter join the team. He is a world-class project leader with unique and strategic vision, extensive project experience, and innovative insights as well as responsible fiscal control ideas that totally aligns with the Company. This appointment sends a clear signal that Western Potash has assembled a competitive project team that consists of experienced professionals and managers in all major project areas. We are confident that Mr. Venter will lead the team to deliver a successful potash project, paving a solid foundation for the preparation of the Milestone Phase II Project”.
Bill Xue
Cautions Regarding Forward-Looking Statements Except for statements of historical fact relating to the Company, certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the filing and results of the Technical Report. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. For more information on the contents of this release please contact Jerry Zhang, Corporate Secretary, at 604-689-9378. ![]() July 16, 2019 Vancouver BC – Western Potash Corp. (“Western” or “the Company”) is pleased to announce that it has commenced its drilling program with Artisan Consulting and AKITA Drilling on July 14, 2019 at the Company’s Milestone Phase I Potash Project (“Phase I Project” or “Project”) located 35 km southeast of Regina, Saskatchewan. The Milestone Phase 1 Project will be the newest and most innovative, environmentally friendly and capital efficient new potash mine in Canada. By utilizing advanced horizontal drilling techniques, the Project will be able to initially target the high-grade potash bed, then by using selective dissolution, preferentially leach the potash to the surface. This will be the first potash mine in the world that will leave no salt tailings on the surface, thereby significantly reducing water consumption. The drilling program will last approximately 4 months and will consist of 6 wells that connect to 3 caverns. Each cavern consists of an injection well under the potash bed, and connected withdrawal well which returns the brine back to the surface. After successful drilling and with appropriate regulatory approvals, the caverns will firstly start ‘cold mining’ to enlarge the caverns and saturate the brine with salt in preparation for production, followed by ‘hot mining’ that will recirculate brine into the caverns and preferentially extract the KCl resulting in the buildup of an inventory of potash in the crystal pond. By mid-2020 the process plant will be constructed and ready to harvest the inventory of potash in the pond. The plant will then de-brine, dry and compact the potash and truck to a nearby distribution center. Artisan Consulting Services Ltd. has been involved in numerous oil and gas as well as potash projects in Western Canada, NWT and China. It is known for providing specialized supervision services for the drilling of vertical, directional and horizontal wells within Western Canada. Akita Drilling (TSX: AKT.A) is one of the largest and most respected drilling service companies in Canada. AKITA has over 40 drilling rigs in their North American inventory which includes use for drilling operations in Canada and the United States. Their extensive experience as well as a strong industry network proved to be a perfect partner for the Phase I Project and Western Potash Corp. Mr. Bill Xue, President and CEO of Western Resources commented: “Western Potash Corp. is very pleased to have reached this milestone on the Project. Our strong project team enabled us to reach this milestone in line with our schedule. We are very confident that this project will lead to the world’s first selective solution potash mine that leaves no surface tailings in Saskatchewan.
Bill Xue
Qualified Persons The content of this news release has been read and approved by Gregory F. Vogelsang, P.Eng., P. Geo., FGC, FEC Project Manager of the Company. Mr. Vogelsang is a Qualified Person as defined by NI 43-101. Cautions Regarding Forward-Looking Statements Except for statements of historical fact relating to the Company, certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the filing and results of the Technical Report. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. For more information on the contents of this release please contact Jerry Zhang, Corporate Secretary, at 604-689-9378. ![]() June 6, 2019 Regina SK – Western Potash Corp. (“Western” or “the Company”) is pleased to announce that it has entered into a lump-sum agreement with Stuart Olson Prairie Construction to be the General Contractor for the construction of the Company’s Milestone Phase I Potash Project (“Phase I Project” or “Project”) located 35 km southeast of Regina, Saskatchewan. Stuart Olson (TSX: SOX, SOX.DB.A) is one of the largest and most respected construction services companies in Canada. Their unique approach to doing business, as well as extensive construction and industrial services proved a perfect partner for the project. Founded over 100 years ago in Western Canada, Stuart Olson has offices across Canada and will be drawing a large proportion of their trades from the local area. The Western Phase I Potash Project will be the newest and most innovative, environmentally friendly and capital efficient new potash mine in Canada. By utilizing advanced drilling techniques, the project will be able to initially target the high-grade potash bed, then by using selective dissolution, preferentially leach the potash to the surface. This means that any salt is left underground and there is no tailings pile at the surface, thereby reducing the water consumption by half. The potash is then crystalized naturally in a pond due to the temperature change, resulting in much lower energy consumption and a capital cost proportionally less than other solution mines. The project has already completed the early work to prepare the site including an access road, site clearing and piling foundations, water well, water pipeline and power infrastructure. The civil work of the crystallization pond has also been completed. The site is now ready for the start of full construction with Stuart Olson. Stuart Olson’s general contractor scope will include the construction of all above ground facilities, including concrete, steel and pipework, installation of equipment, electrical and control system work, building work and site finishing. Stuart Olson will mobilize to the project site in June 2019, with an anticipated maximum workforce of around 100 people on site. With their heritage in Western Canada and diverse experience, they have the skills, experience and resources to complete the project safely on budget and schedule. Mr. Bill Xue, Chairman of Western Potash, commented, “the management and Board of Directors are very excited to partner with Stuart Olson to build this innovative and efficient new mine in Saskatchewan. The project will benefit from the strength and experience of Stuart Olson, and we look forward to the next milestone, the start of production in mid 2020”
Bill Xue Qualified Persons The content of this news release has been read and approved by Gregory F. Vogelsang, P.Eng., P. Geo., FGC, FEC Project Manager of the Company. Mr. Vogelsang is a Qualified Person as defined by NI 43-101. Readers are cautioned that the projected mining method, potential production profile and plan and mine plan referred to in the Pilot Study and this release are conceptual in nature. There is no certainty that a potential mine will be realized or that a production decision will be made. Cautions Regarding Forward-Looking Statements Except for statements of historical fact relating to the Company, certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the filing and results of the Technical Report. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. For more information on the contents of this release please contact Jerry Zhang, Corporate Secretary, at 604-689-9378. ![]() May 20, 2019 Western Potash is excited to announce we have moved to the 5th Floor of the RBC building (one floor down), in order to expand the offices for all our new staff.
Read More
![]() Our new mailing address is: Western Potash Corp. Suite 508 – 2010 11th Avenue Regina, SK S4P 0J3 ![]() April 19, 2019 VANCOUVER, British Columbia, April 10, 2019 – Western Resources Corp. (TSX: WRX) ("Western" or the "Company") announces that it has closed the rights offering ("Rights Offering") announced on March 6, 2019. A total of 93,437,110 common shares of the Company ("Shares") will be issued to holders of Rights ("Rightholders") at a subscription price of C$0.12 per Share which represents gross proceeds of C$11,212,453.20. The total issued and outstanding capital of the Company following the completion of the Rights Offering will be 186,874,220 common shares. Pursuant to the terms of the Rights Offering, the Company issued 73,214,268 Shares to Rightholders under the Basic Subscription Privilege, including 47,652,927 Shares to Tairui Mining Inc. (“Tairui”) and 9,437,148 Shares to CBC (Canada) Holding Corp. (“CBC”), both of which are insiders of the Company by virtue of beneficial ownership of more than 10% of the total issued and outstanding common shares of the Company. In addition, 20,222,842 Shares were issued to Rightholders under the Additional Subscription Privilege. Tairui subscribed for additional 15,110,084 Shares under the Additional Subscription Privilege but did not need to fulfill its standby commitment as all Rights were fully subscribed for under the Additional Subscription Privilege. Following the completion of the Rights Offering, Tairui holds a total of 110,415,938 common shares which is equivalent to 59.09% of the total issued and outstanding common shares of the Company, while CBC holds 18,874,296 common shares but remains 10.1% shareholding in the total issued and outstanding capital of the Company. As indicated in the Company’s Rights Offering Circular, the Company intends to use the net proceeds of the Rights Offering to advance the Milestone Potash Project and for general corporate purposes. Forward-Looking Statements This news release contains "forward-looking statements" within the meaning of applicable securities laws. Although Western believes that the expectations reflected in its forward-looking statements are reasonable, such statements have been based on factors and assumptions concerning future events that may prove to be inaccurate. These factors and assumptions are based upon currently available information to Western. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. A number of important factors including those set forth in other public filings could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include the receipt of the TSX approval in respect of the Rights Offering and the timing thereof. Readers are cautioned to not place undue reliance on forward-looking statements. The statements in this press release are made as of the date of this release and, except as required by applicable law, Western does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. Western undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of Western, or its financial or operating results or its securities. For more information on the contents of this press release please contact Jerry Zhang, Corporate Secretary at 604-689-9378. ![]() April 10, 2019 Western Potash presented an update on the project to the 11th Annual Saskatchewan Mining Supply Chain Forum in Saskatoon on the 4th of April 2019. Please see here. Read More
![]() March 6, 2019 On March 6th, 2019, Western Potash Corp.’s parent company, Western Resources Corp. (TSX: WRX) ("Western" or the "Company") announces that it will conduct an offering (the " ") of rights ("Rights") to raise gross proceeds of approximately C$11 million. Pursuant to the rights offering circular (the "Rights Offering Circular") and the notice of rights offering (the "Notice of Rights Offering"), each eligible registered shareholder of the Company resident in Canada holding common shares ("Share") as at the close of business on March 14, 2019 (the "Record Date") will receive one (1) Right for every one (1) Share held. Each Right will entitle the holder to subscribe for one Share at a subscription price of C$0.12 per Share (the "Basic Subscription Privilege"). Shareholders who fully exercise their Rights under the Basic Subscription Privilege will also be entitled to subscribe for additional Shares, on a pro rata basis, if available as a result of unexercised Rights prior to the Expiry Time (the "Additional Subscription Privilege"), subject to certain limitations as set out in the Company's Rights Offering Circular. The Rights will be listed and posted for trading on the Toronto Stock Exchange under the symbol "WRX.RT" on a "when issued" basis commencing on March 13, 2019 and will expire at 5:00 p.m. (Toronto time) (the "Expiry Time") on April 9, 2019, after which time unexercised Rights will be void and of no value. The Company currently has 93,437,110 Shares issued and outstanding. If all Rights issued under the Rights Offering are validly exercised, additional 93,437,110 Shares would be issued. The Company intends to use the net proceeds of the Rights Offering to advance the Milestone Potash Project and for general corporate purposes. A Notice of Rights Offering and a rights certificate will be mailed to each registered shareholder of the Company resident in Canada as at the Record Date. Registered shareholders who wish to exercise their rights must forward the completed rights certificate, together with the applicable funds, to the rights agent, Computershare Investor Services Inc., on or before the Expiry Time. Shareholders who own their Shares through an intermediary, such as a bank, trust company, securities dealer or broker, will receive materials and instructions from their intermediary. The Rights Offering will be conducted in all provinces of Canada. However, certain holders of Shares in jurisdictions outside of Canada may be able to participate in the Rights Offering where they can establish that the transaction is exempt under applicable legislation. If you are a holder of Shares and reside outside of Canada please review the Notice of Rights Offering and Rights Offering Circular to determine your eligibility and the process and timing requirements to receive and, or, exercise your Rights. The Company requests any ineligible holder interested in exercising their Rights to contact the Company at their earliest convenience. A copy of the Notice of Rights Offering and the Rights Offering Circular are available on SEDAR under the Company's profile at www.sedar.com. Standby Commitment Agreement In connection with the Rights Offering, the Company has entered into a standby commitment agreement (the "Standby Commitment Agreement") with Tairui Mining Inc. (the "Standby Purchaser"). The Standby Purchaser has agreed, subject to certain terms and conditions, to exercise its Basic Subscription Privilege and Additional Subscription Privilege, and, in addition thereto, acquire any additional Rights available as a result of any unexercised Rights under the Rights Offering (the "Standby Commitment"), such that the Company will, subject to the terms of the Standby Commitment Agreement, be guaranteed to issue 93,437,110 Common Shares in connection with the Rights Offering for aggregate gross proceeds of C$11,212,453. CBC (Canada) Holding Corp. ("CBC"), an insider of the Company by virtue of beneficial control of 10.1% of the issued and outstanding Shares of the Company, has undertaken to exercise all Rights issued to it and participate in the Basic Subscription Privilege. This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities of the Company. There shall be no offer or sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification of such securities under the laws of any such jurisdiction. Forward-Looking Statements This news release contains "forward-looking statements" within the meaning of applicable securities laws, including statements regarding the completion of the Rights Offering and the provision of the Standby Commitment. Although Western believes that the expectations reflected in its forward-looking statements are reasonable, such statements have been based on factors and assumptions concerning future events that may prove to be inaccurate. These factors and assumptions are based upon currently available information to Western. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. A number of important factors including those set forth in other public filings could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include the receipt of the TSX approval in respect of the Rights Offering and the timing thereof. Readers are cautioned to not place undue reliance on forward-looking statements. The statements in this press release are made as of the date of this release and, except as required by applicable law, Western does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. Western undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of Western, or its financial or operating results or its securities. For more information on the contents of this press release please contact Jerry Zhang, Corporate Secretary, at 604-689-9378. ![]() December 21, 2018 On December 21, 2018, Western Potash Corp.’s parent company - Western Resources Corp. announce that it has filed its audited 2018 fiscal year Consolidated Financial Statement, the Management Discussion & Analysis report, and the Annual Information Form (AIF) on Sedar on December 20, 2018. Highlights of the corporate developments over the past fiscal year are closely related to the development of the Company’s Milestone Potash Solution Mining Project located 35 km southeast of Regina, Saskatchewan. These include: Engineering As reported in its news release dated June 17, 2018, the Company has engaged SNC-Lavalin Inc. (“SNCL”) to complete the detailed engineering for the Milestone Phase I Selective Solution Mining Project (Phase I Project). Detailed engineering deliverables are on track to be completed in early 2019, ready for final tendering and construction. Early Works In October 2018, the Company commenced construction of ‘Early Works’ facilities at the Phase I project site. Early Works includes the construction of approximately 8 kilometers of a heavy haul road for access to the site by heavy equipment and trucks hauling potash from the site, as well as site civil works including construction of the wellpad, internal access roads, truck staging area, site runoff pond and construction laydown area. The Early Works activities were completed on December 03, 2018. The successful completion of the Early Works in 2018 allows plant site construction to commence in early 2019, thus expediting the construction schedule. Off-Take Agreement In October 2018, the Company entered into a definitive, binding off-take agreement with a senior North American agriculture industry leader for the purchase of all potash produced from the Milestone Phase I Project. The Phase I project is expected to produce 146,000 tonnes per year of potash. The off-take agreement is effective for ten years starting from the commencement date when production has reached a daily rate sufficient to achieve an annual commitment. The execution of the off-take agreement confirmed the production specification to be sold in the North American market and secured the sales of Phase I project production. SNC-Lavalin Procurement and Construction Management Contract In November 2018, the Company entered into a Limited Notice To Proceed Agreement (“LNTP”) with SNCL for commencement of certain procurement services and construction execution preparation activities for the construction of the Phase I Plant. Western is in the process of negotiating a form of Procurement and Construction Management Agreement for the Phase I Plant; in order to meet the Company’s schedule requirements, certain procurement and construction preparation services will be promptly commenced prior to completion of such negotiations. The LNTP enables SNCL to proceed with the commencement of procurement services, orders for 6 initial packages for construction of the Pilot Plant, and construction execution preparation activities while negotiating the final Procurement and Construction Management Agreement. Project Team Expansion As the Company readies itself for the construction of the Phase I Project, additional personnel have been added to the project team. In addition, the Company will continue to recruit additional people to fill its long-term project team for the construction and operation of the Phase I Project. Mr. Bill Xue, President and CEO of Western Resources, commented: “We are very pleased with the progress that we achieved on the Milestone Project in 2018. As the global potash market conditions have been changing for the better, our team was able to deliver on some important initiatives that kept the project in a good position to move forward to the next milestone stage. The development of a water source well for the Phase I Project, completion of an offtake agreement for the purchase of our Phase I Project potash and the recent successful construction of early works positions the project for construction to commence in early 2019. Our main schedules and deliverables with SNC-Lavalin remain on track and we look forward to the exciting work that will take place in 2019 to move the Phase I Project into production”. Bill Xue Chairman ![]() August 24, 2018 On August 20, 2018, Western Potash was pleased to present to the 2018 International Potash Conference and Golmud Salt Lake Forum on the Milestone Potash Project. Chinese potash industry leaders and experts were invited to attend the conference. This presentation signifies the official initiation of developing the Milestone Project. ![]() Established in April 2007, Western Potash owns a world-class potash deposit strategically located in the well-known potash producing region of Saskatchewan, Canada. The Milestone Project is adjacent to two of the world’s leading solution mines, Mosaic’s Belle Plaine facility and the newly operated K S’s Legacy facility. Over the past decade, Western Potash has actively gone through the stages of resource discovery, mineral exploration, feasibility and engineering studies, environmental assessment approval, as well as alignment with utility and infrastructure providers. Based on a comprehensive analysis of the global potash market and the sustainable competitiveness of the project, the Company has decided to adopt a three-phase project development plan. Phase I is a 146,000 tonne per year facility utilizing the innovative method of “Horizontal cavern development selective solution mining cooling pond crystallization” followed by Phase II and III, each of which is a 1.4 million tonne per year expansion using the selective solution mining technology. Although the selective solution mining method is new to Canada’s potash mining practices, it has been well proven at other projects outside Canada. Selective solution mining has the benefit of less energy and water consumption and no salt tailings generation. Given the innovative mining approach, the Milestone Phase I project is projected to be an industry leader in terms of lowest CAPEX and OPEX costs on a per tonne of potash production basis. Western Potash CEO George Gao and Vice Chairman Arthur Ma briefed the industry leaders and experts on the status and overall development plan of the Milestone Phase I Project. The presentation included the Phase I project technique efficiency & reliability, strong financing support, market readiness, preparation work achieved to date, as well as the site early works currently underway. They also highlighted six significant advantages of the Milestone Project, including three large SOE being shareholders, strong financing support of a national policy bank, world-class resources, access to infrastructure, technical support from leading engineering firms, and amicable relations with governments and the local community. Attendees at the 2018 International Potash Conference included Mr. Fu Xiangsheng, Vice President of CPCIF; Mr. Zheng Mianping, Chairman of the International Society for Salt Lake Research; Mr. Wang Xiaofeng and Mr. Chen Guofu, Director and Vice Director of China Inorganic Salts Industry Association; Mr. Cai Enming, Division Chief of CPCIF; Mr. Shan Shousuo, Researcher of Qinghai Institute of Salt Lakes, Chinese Academy of Sciences; Mr. Duan Dongping, Researcher of the Institute of Engineering, Chinese Academy of Sciences and Engineering; Ms. Ye Lijun, Deputy Chief Engineer of China National Petroleum and Chemical Planning Institute; Mr. Lu Zhibin, Deputy Chief Engineer of China Bluestar Chonfar Engineering & Tech Co., Ltd.,and Mr. Xia Qinglong, Chairman of China BlueChemical Ltd. Those industry leaders and experts attending the conference expressed their keen interest in Western’s application of the innovative selective solution mining technology. Mr. Fu Xiangsheng highly valued the achievements that Western Potash has made over the past decade. He said it makes good sense and is practical that the Milestone Project will be developed in a staged plan. The innovative technique and the competitive CAPEX advantage will greatly enhance the success of the project. Mr. Zheng Mianping emphasized that potash is the major plant and crop nutrient, and he hopes to see the Milestone project developed as a model project. Mr. Wang Xiaofeng mentioned that if Western Potash could make Phase I a success, it will have a prosperous future. Those and other attending experts all hope that Western speed up its project execution, and ultimately contribute to the technical progress of the potash mining sector as well as the food safety of our growing world. ![]() July 23, 2018 Western Potash Corp. (“Western” or “the Company”) is pleased to announce that it has successfully developed a groundwater supply source for the Company’s proposed Milestone Phase I Potash Project (“Phase I Project”) located 35 km southeast of Regina, Saskatchewan. Water pump test results show that the groundwater source can fully support the water requirements for the Phase I Project over the life of the project. Western Potash is a wholly-owned subsidiary of Western Resources Corp. publicly listed in the Toronto Stock Exchange under the symbol WRX. The Milestone Phase I Project requires approximately 40 cubic meters of water per hour (m3/hour) as determined by Western’s mining engineering consultant AGAPITO Associates Ltd. Western utilized existing geophysical data from the project exploration phase and established a well location 8km southeast of the plant site as the optimal place for the groundwater source. The selection of a groundwater source was based on a detailed examination of all possible water source options, with full consideration of minimizing the impact on the community and environment. The target aquifers are the Viking Formation and Mannville Formation, located at depths of approximately 680 and 745 meters below surface, respectively. The target aquifers contain non-potable water, not suitable for agriculture and are isolated and far below local domestic or agriculture use aquifers and will therefore not interfere with local water supplies. Drilling work began in early June, and water well was completed on July 18th with all site facilities decommissioned and removed. According to the Water Supply Well Report completed by the Regina-based WaterMark Consulting Ltd., the established water source is able to fully support the required water usage of the Phase I Project over the life of the project. The next steps will be to submit to the Saskatchewan Water Security Agency Western’s water usage application, and to start the engineering and design for the water pumping and pipeline facilities from the well to the Phase I project site. Mr. Bill Xue, Chairman of Western Potash, commented, “the Management and the Project team are very excited with the positive results from the water well program. The success of the groundwater source further clears the hurdle for the Phase I project to move forward to the next step. We will now focus on the next steps of the Phase I project including early site work in preparation for project construction to start in early 2019.”
Bill Xue Qualified Persons The content of this news release has been read and approved by Gregory F. Vogelsang, P.Eng., P. Geo., FGC, FEC Project Manager of the Company. Mr. Vogelsang is a Qualified Person as defined by NI 43-101. Readers are cautioned that the projected mining method, potential production profile and plan and mine plan referred to in the Pilot Study and this release are conceptual in nature. There is no certainty that a potential mine will be realized or that a production decision will be made. Cautions Regarding Forward-Looking Statements Except for statements of historical fact relating to the Company, certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the filing and results of the Technical Report. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws.
![]() July 4, 2018 Invited by Western Resources Chairman, Hon. James Moore, China’s Salt Lake Industry President Mr. Xie Kangmin led a 6-member group for a successful site visit between June 11 and 13th to the Milestone Potash Project located 35 km southeast of Regina, Saskatchewan. Salt Lake Industry is the largest potash producer in China with an annual capacity of over 5 million tons of KCl and other related chemical products. Over the past decade or so, Salt Lake has been actively exploring opportunities to expand its potash business overseas to increase its own influence on both the Chinese and global potash market. During the group’s visit in Vancouver, former Federal Minister of Industry and Western Resources Chairman, Hon. James Moore briefed the delegation members about advantages of Canadian resources and general industry environment. Hon, James Moore also discussed Port of Vancouver’s capacity to handle potash shipments, and particularly highlighted advantages of the Milestone Potash Project and the strong support of government and local communities in the development of the project. In Regina, the Salt Lake group met with the Saskatchewan government where Deputy Assistant Minister of Trade and Export Development Mr. Kirk Westgard and Senior Analyst of the Ministry of Energy & Mining Mr. Kirk Brech introduced the province’s openness to business, mining policies and answered all kinds of questions regarding investment in Saskatchewan. In addition, the group visited the Saskatchewan Subsurface Laboratory where Dr. Chao Yang made a special presentation on Saskatchewan resource’s and showed a 3-D model of how the Saskatchewan potash mineral resources, and then viewed core samples from the Milestone Project. During the visit in Western Potash Corp., the delegation was briefed on the company’s resource explorations over the past decade, the 2.8 million capacity full-scale Milestone Project’s Feasibility Study and Environmental Assessment, the engineering work and environmental approval of the 146,000 tons Phase I Project, as well as project’s easy access to all local infrastructures and utilities. The presentation also covered status and early works of the Phase I Project and initiation of the detailed engineering work, water resource drilling and road design work, etc. The delegation also visited the project site, the on-going water drilling activities as well as KF’s Port Lajord Grain and Fertilizer Terminal which is already in operation. Also attending the visit were Mr. Liu Teng, Project Manager of China Development Bank- Beijing Branch, Mr. Lu Zhibin, Deputy Chief-Engineer of China Bluestar Chonfar Engineering & Tech Ltd., and Ms. Chen Shengnan, Assistant to the General Manager of Sino Fertilizer Corp. of Sino-Chemical Group.
![]() June 7, 2018 Western Resources Corp. (WRX: TSX) (FSE: WR0) announced today that Western Potash Corp.’s wholly-owned Milestone Phase I Project Company, the Milestone Potash Corp. (“Milestone” or “the Company”) has entered into an agreement with SNC-Lavalin Inc. (“SNC-Lavalin”) to complete the detailed engineering for the Milestone Phase I Selective Solution Mining Project (“the Project”) located in southeast Saskatchewan. Western Potash Corp. is the wholly-owned subsidiary of Western Resources Corp. As reported in its 21/12/2016 news release, the Company has completed a Class 3 ( /- 10% CAPEX) engineering report on the Phase I Project. However, through assessment of the overall global potash market situation, the Company decided to revise its market destination by successfully entering into a non-binding Memorandum of Understanding (MOU) with a senior North American agriculture industry player to transport and offtake 100% of the Phase I Project potash production to the North American market. The engineering contract with SNC-Lavalin is to complete the detailed ‘construction-ready’ drawings (issue for construction drawings) for the process plant and associated infrastructure, and specifications, basic and detailed design to accommodate a compaction system for the granular product to meet with the requirement of the North American market. Detailed engineering deliverables will be completed in the early 2019 ready for final tendering and construction. SNC-Lavalin will also provide quality assurance inspections for equipment procurement and on-site technical support during construction. Founded in 1911, SNC-Lavalin is a global fully integrated professional services and project management company. It provides comprehensive end-to-end project solutions, particularly in consulting, design, engineering, construction, sustaining capital and operations and maintenance in the areas of mining, metallurgy, infrastructure, clean power, nuclear and engineering design and project management. Mr. Bill Xue, President and CEO of Western Resources Corp. commented, “Western Resources is extremely pleased to see that the Milestone Phase I Project has progressed to this point. We look forward to working with SNC-Lavalin to move the Project to the construction phase and we are excited about the positive results we have generated to date on the Selective Solution Mining Process. The Milestone Project will be an innovative and low-cost method to produce potash”. ![]() April 20, 2018 Western Potash is pleased to announce the approval of the three-phase development plan and the Phase I early works for the Milestone Potash Project, by the board of directors of Western Resources at a meeting on April 19, 2018. Western Potash is a wholly owned subsidiary of Western Resources. For more information on this announcement please visit Western Resources. ![]() March 14, 2018 Western Potash Corp. (“Western”) has been working diligently over the last two years in order to create the best possible conditions to move the Milestone Phase I Project forward, including aspects of project engineering, marketing, financing, technical optimisation and most importantly, the support of local community and government at various levels. As parent company of Western, Western Resources will consider the status of the project at its upcoming board meeting in April, and if appropriate make a decision on the full commencement of construction. In support of this, Western plans to initiate some early works activities at its Milestone Phase I Project mine site in 2018. In particular, Western plans to move up to 50,000 tonnes of aggregate to the site commencing mid-March prior to road bans. The early placement of aggregate at the site will minimize any road damage, in consultation with the RM of Lajord. Western will make sure that aggregate hauling will have minimal impact on the local community. Aggregate will be transported from gravel pits located near Davin and will utilize the Lajord grid south and across Highway #33 and a further 3 miles south on the Lajord grid and west to the project site on NW20-14-17W3. This route minimizes traffic past residences and local traffic. Hauling will likely occur from 8 pm to 10 am when road surfaces are frozen. The aggregate haulage will be conducted by a reputable local contractor with a strong emphasis on safety and high regard for the local community. Western will continue to keep all stakeholders, including the local community, updated as information is available. If you have any questions or concerns please call us at (306) 924-9378. ![]() January 16, 2018 With the near year upon us Western Potash would like to take the opportunity to inform you on all the great progress we made in 2017. By following this link you will be directed to our company’s quarter 4 newsletter. As always, if you have any question or concerns please call or email us at info@westernpotash.com. ![]() December 15, 2017 On December 5, 2017, the management of Western Potash Corp. (the Company) met with elected representatives of the Government of Saskatchewan in the province’s Legislative Building to provide an update on the Milestone Project. Present at the meeting were the Honorable Brad Wall, Premier of Saskatchewan, the Honorable Nancy Heppner, Minister of Energy and Resources, the Honorable Steven Bonk, Minister of the Economy as well as other government officials. Attending from Western Potash Corp. was Bill Xue, George Gao, Arthur Ma, Matthew Wood, Jerry Zhang and Greg Vogelsang, with Honorable James Moore, Chairman of Western Potash’s parent company, Western Resources Corp, attending via telephone. On behalf of the Company, Western Potash’s CEO, Mr. George Gao, provided a detailed update and outlined recent progress on the Milestone Phase I Project, including advancing the engineering, financing and offtake arrangements, amended agreements with the Rural Municipality of Lajord and the water supply agreement with the City of Regina. Western Potash emphasized the importance of working collaboratively with the Government and local communities as it continues to advance the Milestone Project to construction and operations. Premier Brad Wall welcomed Western Potash Corp.’s move of its head office to Regina and expressed the government’s support to the Milestone Project. Minister Heppner and Minister Bonk described the government of Saskatchewan’s support for innovative projects such as the Milestone Phase I Project and committed to continued support through the government’s existing tax credit programs which provide companies with incentives to invest in the potash industry. Western Potash will continue to work with the government and communities of Saskatchewan to move the Milestone Project to construction and production and make it the newest greenfield potash development in the province. ![]() September 11, 2017 Vancouver BC – Western Resources Corp. (TSX: WRX) (FSE: WR0) (“Western” or “the Company”) is pleased to announce that its wholly owned subsidiary Western Potash Corp. and the City of Regina (“the city”) have both agreed to the revised key commercial terms for the supply of treated wastewater from the city for the Company’s proposed Milestone Potash Project located 35 km southeast of Regina, Saskatchewan. Regina’s City Council voted in favor of the agreement at its meeting on October 31, 2017. The two parties are now in the process of finalizing the agreement. In November 2012, the City and Western Potash Corp. entered into an agreement that allowed the City to provide Western with access to recycled wastewater for a 2.8 million tonne per year conventional potash solution mine. In response to the potash market, Western Potash adjusted the development plan and re-scoped the project to utilize the innovative “horizontal drilling selective solution mining” techniques that will provide a significantly reduced UNIT CAPEX and competitive OPEX. To secure the most favorable data, Western will use this innovative technology to develop a 146,000 tonne per year capacity Phase I project. Once the technique is tested, Western will develop the previous 2.8 million capacity project in two phases, each at a 1.4 million tonnes potash production per year. The Phase 1 project will use groundwater from the mine site and Phase II and III projects will use treated water from the City. The selective solution mining technology uses substantially less water than conventional solution mining techniques, and the renegotiated agreement therefore reduces the volume of water correspondingly. Negotiating teams worked very hard over the past six months and came up with a mutually beneficial agreement that extends the right to access 25,000 cubic meters per day of treated wastewater until 2025, and a further 40 years access once wastewater is drawn. Included in the terms of the new agreement, Western has agreed to pay a commitment fee of $200,000 when the final agreement is signed, and an annual ‘standby’ fee of $100,000 for every year that water is not drawn. When Western begins to draw water, 50% of the standby and commitment fees paid to the City will be refunded in the form of a credit against water usage charges. This unique agreement provides the City with an economic opportunity for revenue during the 40-year life of the agreement and standby fees if the project does not proceed by 2025. In addition,the re-use of wastewater is beneficial in both the reduction of use of fresh water, and eliminating wastewater from local rivers and creeks. It will also mean that the Milestone Potash Mine will essentially use no fresh water (aside from minor potable and process requirements). Worthy of mention is that this new technology, in addition to the reduction of water consumption, is very environmental friendly, with no more salt tailings above ground, energy usage significantly reduced and minor subsidence. Mr. Bill Xue, Chairman of Western Potash, commented, “we are very pleased with the terms of the new agreement with the city of Regina and appreciate all the hard work that went into the negotiations. This agreement benefits all parties involved and has substantial environmental benefits. We are continuing with the development of the Milestone Phase I project through the innovative technology and will actively advance the 2.8 million tonne full-scale project. We look forward to a long-term relationship with the City.” ON BEHALF OF THE BOARD OF DIRECTORS James Moore Qualified Persons The content of this news release has been read and approved by Gregory F. Vogelsang, P.Eng., P. Geo., FGC, Project Manager of the Company. Mr. Vogelsang is a Qualified Person as defined by NI 43-101. Readers are cautioned that the projected mining method, potential production profile and plan and mine plan referred to in the Pilot Study and this release are conceptual in nature. There is no certainty that a potential mine will be realized or that a production decision will be made. Cautions Regarding Forward-Looking Statements Except for statements of historical fact relating to the Company, certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the filing and results of the Technical Report. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. For more information on the contents of this release please contact Jerry Zhang, Corporate Secretary, at 604-689-9378. ![]() August 8, 2017 August 8, 2017, Regina, SK – Western Potash Corp. (“Western” or “the Company”) is pleased to announce that the Company has entered into a ‘Project Agreement’ with the Rural Municipality of Lajord (‘RM of Lajord’) for the construction and operation of Western’s Milestone Selective Solution Mining Project (“Phase l Project”). The Milestone Phase I Project is located in the RM of Lajord about 35 km southeast of Regina, Saskatchewan. In April, 2013 Western Potash was granted Environmental Impact Assessment approval from the Government of Saskatchewan for a conventional 2.8 million tonne per year potash solution mining project (‘Milestone Project’). The approval required Western Potash to enter into a Development Agreement with the RM of Lajord. The purpose of the Development Agreement was to reach a consensus between the RM of Lajord and Western Potash Corp. regarding several key aspects of the construction and operation of the initial Milestone Project, notably road access routes, waste management and site construction management. Following approval for the initial Milestone Project, commodity prices, including potash, experienced a significant downturn which made it difficult to progress the project. In response to the market challenge, Western Potash Corp re-scoped the Milestone Project to a 146,000 tonne per year Phase 1 Plant and revised the mining technique by applying the innovative horizontal cavern development and selective solution mining method. This will not only significantly reduce the per unit capex for mining construction and reduce operating costs, but is also more environmentally friendly leaving the majority of salt in-place underground resulting in no surface tailings and lower subsidence. A Class 3 ( /- 10% cost accuracy) final engineering report for the Phase 1 Project was completed by AMEC Wheeler Foster and Agapito Associates Inc. at the end of last year. We believe the successful development of the Phase l Project will provide reliable technical parameters which can be applied in a full scale 2.8 million tonne per year facility, and hence revolutionize the potash business. Given the revised technology and the rescoped project, an amendment (‘Project Agreement’) to the Development Agreement with the RM of Lajord was undertaken. The Project Agreement covers the construction and operation of the Phase l Project and usage of RM of Lajord roads. The Project Agreement was signed on August 8, 2017, and compliments the existing Development Agreement with the RM of Lajord and the amended Environmental Assessment approval received on June 6th for the Phase 1 Project. In addition to the achievements made on the Milestone Phase l Project, the Company continues to make progress in expanding its portfolio in the real estate sector. Western Garden Properties, a wholly owned subsidiary of Western Resources, has recently initiated a development project with Formwerks Boutique Properties in Vancouver. In the meantime, Western Garden Properties has successfully signed two Terms Sheets with Mosaic Group of Companies (“Mosaic”) and Edenshaw Management Ltd (Edenshaw) respectively. Mosaic is one of the top-tiered development companies in the Greater Vancouver area that has delivered over 4000 quality homes in the past 15 years, while Edenshaw has earned its reputation in residential mid-to-high rise condominium communities in Greater Toronto Area. Mr. Bill Xue, President and CEO of Western Resources, commented, “Western Resources appreciates the cooperation extended to us by the RM of Lajord. The Company is working hard to explore resources on the North American Market as well as project financing to meet the gap so that Western Potash’s Phase l Project can be built to the schedule. In the meantime, I feel excited about the progress made in the real estate sector. I have no doubt that through partnering with those strong and reputable developers, the Company will well increase the cash revenue and ultimately bring more shareholder value”. ON BEHALF OF THE BOARD OF DIRECTORS James Moore Qualified Persons The content of this news release has been read and approved by Gregory F. Vogelsang, P.Eng., P. Geo., FGC, Project Manager of the Company. Mr. Vogelsang is a Qualified Person as defined by NI 43-101. Readers are cautioned that the projected mining method, potential production profile and plan and mine plan referred to in the Pilot Study and this release are conceptual in nature. There is no certainty that a potential mine will be realized or that a production decision will be made. Cautions Regarding Forward-Looking Statements Except for statements of historical fact relating to the Company, certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the filing and results of the Technical Report. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. For more information on the contents of this release please contact Jerry Zhang, Corporate Secretary, at 604-689-9378. ![]() June 20, 2017 June 20, 2017, Regina, SK - Western Potash Corp. ("the Company") is pleased to announce the Environmental Assessment Approval from Saskatchewan Ministry of Environment (‘the Ministry”) for the Milestone Phase I Project (“the Phase l Project”, previously the “Pilot Project”) has been recieved. As reported in its 21/12/2016 news release, Western Potash Corp received a final engineering report from AMEC Foster Wheeler and Agapito Associates Inc. for the proposed Milestone Phase l Plant Project. The Phase l Project was subject to review under The Environmental Assessment Act which is regulated by the Ministry. The initial Phase l Project design was based on a Scoping Study and was approved by the Ministry in 2015. Following changes to the Scoping Study design, namely the introduction of a crystallization pond for potash recovery and the plant site location, Western Potash re-submitted the project design for review by the Ministry. Subsequently, the Ministry has determined that no Environmental Impact Assessment for the Phase l Project will be required. Western Potash is therefore authorized to proceed with the construction of the Phase l Project subject to regulatory permitting requirements. Mr. Bill Xue, President and CEO of Western Resources (the parent company of Western Potash Corp.) commented, “we are very pleased to have received the Environmental Assessment approval from the Government of Saskatchewan to proceed with the Milestone Phase I Project. We fully appreciate the cooperation that we have received from the Government of Saskatchewan and the local Rural Municipality as we continue to move the Milestone Project towards construction and operation.” The Company secured an off-take agreement with China BlueChemical Ltd. in October 2016, through which Western’s second largest shareholder guarantees the purchase of all the products from the Phase l Project. Given the transportation costs and the low Chinese market price, Western Resources has been actively exploring the North American Market and has achieved solid progress. In the meantime, Western Potash continues to advance detailed engineering on the Phase l Project in advancement of construction. The Phase l Project will utilize selective solution mining techniques which result in lower CAPEX and OPEX costs compared to conventional solution mining. Western Resources is actively working to close the gap of the project financing. With these tasks completed, the plant construction is anticipated to start in early 2018 with first potash production in 2020. As the Phase l Project proves to be successful, a feasibility study of Phases II and III of the project with a respective expansion of 1.4 million tonnes per year will follow. On Behalf of the Company, George Gao Qualified Persons The content of this news release has been read and approved by Gregory F. Vogelsang, P.Eng., P. Geo., Project Manager of the Company. Mr. Vogelsang is a Qualified Person as defined by NI 43-101. Readers are cautioned that the projected mining method, potential production profile and plan and mine plan referred to in the Pilot Study and this release are conceptual in nature. There is no certainty that a potential mine will be realized or that a production decision will be made. Cautions Regarding Forward-Looking Statements Except for statements of historical fact relating to the Company, certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the filing and results of the Technical Report. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. ![]() April 25, 2017 The Western Potash team held a Community Open House in Kronau, Saskatchewan on April 11, 2017. The event was well attended with nearly 100 visitors from the surrounding communities, as well as representatives from the Provincial government and local businesses. We would like to take this opportunity to thank everyone who attended, particularly for their questions, feedback and support as we move the project forward. We will consider all the feedback we received and update our stakeholders in forthcoming web posts and newsletters. The Open House consisted of eight stations that took the community on a journey through our proposed selective solution mining process. Engineering firm Amec Foster Wheeler provided in-depth information on our plans for the processing facilities, and we partnered with the Saskatchewan Mining Association (SMA) for some hands-on solution mining. The community had the opportunity to pump some brine, and crystallize the potash in a cold-water bath much like our proposed crystallization pond. After the community completed their journey through our process they arrived at the Virtual Reality station. This station placed the community inside our proposed pilot plant or standing outside right next to our processing facility! Our guests also had the opportunity to sit down and discuss the project while enjoying a delicious meal prepared by the Come Around Café, which is located in the Curling Club. Many thanks to all of the Western Potash Team for their efforts in making this event a success, and thank-you to all of you for attending. Poster boards are available on our website: Western Potash ![]() April 5, 2017 April 5, Regina, SK – Western Potash Corp. (the “Company”) is pleased to announce their Milestone Pilot Project (the “Project”) team will be hosting a Community Open House in Kronau, Saskatchewan on April 11, 2017. This event will provide information to the Company’s community and business stakeholders in Saskatchewan about various aspects of the Project, including our innovative approach to solution mining, location of the Project and road use plans. The event will also allow the Company to collect public input on the community’s perspectives about the Project’s development. The Community Open House will take place at the Kronau Curling Club, located in Kronau, Saskatchewan on April 11, 2017 from 4:00 to 8:00. All are invited to visit the Company website at www.westernpotash.com for more information on the Company. George Gao For more information, please contact Caitlin Knaus at 306-352-3530 ![]() March 24, 2017 Western Potash Corp. is pleased to announce that it will be hosting a Community Open House on April 11, 2017 in Kronau, Saskatchewan. Members of the Milestone Project Team will be on hand to provide useful information on everything from the potash extraction process to transportation. The team is eager to continue the development at Milestone and is dedicated to maintaining a positive relationship with the Stakeholders in the area.
![]() March 15, 2017 March 15, 2017, Vancouver, BC – Western Potash Corp. (WPX: TSX) (FSE: AHE) (the “Western”, “the Company”) is pleased to announce that it has obtained a final order from the Supreme Court of British Columbia (the "Final Order") approving the corporate reorganization by way of a statutory plan of arrangement under the Business Corporations Act (British Columbia) (the "Arrangement") with Western Resources Corp. ("Western Resources"). The Final Order, among other things, authorizes Western Resources to acquire all of the issued and outstanding common shares of the Company on the basis of 0.2 of a Western Resources common share for each one (1) Western Potash common share. On March 9, 2017, in accordance with an interim order from the Supreme Court of British Columbia dated February 6, 2017, the Company held an annual and special meeting of the holders of common shares of Western Potash (the "Meeting") where the shareholders were asked, among other things, to consider and pass a special resolution approving the Arrangement (the "Arrangement Resolution"). At the Meeting, the Arrangement Resolution was overwhelmingly approved by approximately 96.20 % of the votes of Western Potash shareholders present in person or represented by proxy at the Western Potash Meeting. The Company anticipates that the Arrangement will close on or about March 31, 2017, subject to the satisfaction or waiver of all other conditions to the Arrangement. Further details regarding the Arrangement are set out in the management information circular of Western Potash dated February 7, 2017, which is available on SEDAR under the Company's issuer profile at www.sedar.com. ON BEHALF OF THE BOARD OF DIRECTORS Geoffrey Chang Cautions Regarding Forward-Looking Statements Certain statements contained in this news release constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as "anticipate", "continue", "estimate", "expect", "expected", "intend", "may", "will", "project", "plan", "should", "believe" and similar expressions (including negative variations), or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. ![]() March 10, 2017 March 10, 2017, Vancouver BC – Western Potash Corp. (TSX: WPX) (FSE: AHE) ("Western Potash", the "Company") is pleased to announce that its shareholders have approved all items put before them at the Company's annual and special meeting held on March 9, 2017 (the "Meeting"). The items approved include:
Arrangement Update As previously disclosed on February 1, 2017, Western Potash has entered into an arrangement agreement (the "Arrangement Agreement") with Western Resources Corp. ("Western Resources"), a British Columbia corporation created by Western Potash, to carry out a corporate reorganization by way of a plan of arrangement ("Arrangement"). Under the Arrangement, Western Resources will acquire all of the issued and outstanding common shares of the Company on the basis of 0.2 of a Western Resources common share for each one (1) Western Potash common share. The completion of the Arrangement will result in Western Resources becoming the TSX-listed successor company to Western Potash. Completion of the Arrangement remains subject to, among other things, satisfaction of all conditions precedent to closing the Arrangement, including the final approval of the British Columbia Supreme Court. The hearing for the final order of the British Columbia Supreme Court to approve the Arrangement is scheduled to take place on March 15, 2017. Assuming that all approvals are obtained and all conditions precedent are satisfied or waived, the Company anticipates that the Arrangement will close on or about March 31, 2017. Further details regarding the Arrangement are set out in the management information circular of Western Potash dated February 7, 2017, which is available on SEDAR under the Company's issuer profile at www.sedar.com. ON BEHALF OF THE BOARD OF DIRECTORS Geoffrey Chang Forward-Looking Information Certain statements contained in this news release constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as "anticipate", "continue", "estimate", "expect", "expected", "intend", "may", "will", "project", "plan", "should", "believe" and similar expressions (including negative variations), or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. ![]() March 7, 2017 Western’s Chief Administrative Officer, George Gao, presented at the China Mining Investment Symposium on March 6th, 2017 in Toronto during the Prospectors and Developers Conference. On a panel titled “Experience sharing for Chinese global mining investment”, Mr. Gao briefed Western’s Pilot Project progress and the Corporate Restructuring. Western’s Project Director, Matthew Wood, attended the Convention and Symposium as well. The 2017 China Mining Investment Symposium (CMIS) is co-organized by the Canada China Chamber of Commerce (CCCC) and China Mining Association (CMA). The Theme of this year’s event is “International experience and Canadian capital markets facilitate China mining investment” with a focus on the strategies for Chinese mining investors to enter the Canadian mining market. ![]() February 15, 2017 February 15, 2017, Vancouver, BC – Western Potash Corp. (WPX: TSX) (FSE: AHE) (the “Western”, “the Company”) is pleased to announce that it has filed a management information circular (the "Circular") and related proxy materials in advance of the annual and special meeting of shareholders of Western Potash to be held on Thursday, March 9, 2017 at 10:00 a.m. (Vancouver time) (the "Meeting") to seek approval of, among other things, the Arrangement (as defined herein). The Circular is now being mailed to shareholders of Western Potash to provide them with information about the proposed Arrangement. On February 1, 2017, the Company announced a corporate restructuring whereby Western Resources Corp. ("Western Resources"), a BC corporation created by Western Potash for the purposes of the Arrangement, will acquire all of the issued and outstanding common shares of Western Potash on the basis of 0.2 of a Western Resources common share for each Western Potash common share. The Arrangement is expected to be completed by way of a statutory plan of arrangement under the Business Corporations Act (British Columbia). Annual and Special Meeting The special meeting of shareholders of the Company is scheduled to be held at 10:00 a.m. (Vancouver time) on Thursday, March 9, 2017 at Suite 1400, 1111 West Georgia Street, Vancouver, British Columbia, Canada. At the Meeting, the shareholders will be asked, among other things, to consider and, if deemed advisable, pass a resolution approving the Arrangement (the "Arrangement Resolution"). To be effective, the Arrangement Resolution must be approved at the Meeting by at least 66⅔% of the votes cast on the Arrangement Resolution by the shareholders of Western Potash present in person or represented by proxy and entitled to vote at the Meeting. Your vote is important regardless of the number of shares you own. Shareholders are encouraged to read the Circular and related proxy materials in detail. An electronic copy of the Circular and related proxy materials are available on SEDAR under the issuer profile of Western Potash at www.sedar.com. It is anticipated that the transaction will close in March 2017. Reasons and Benefits of the Arrangement The Western Potash Board believes that the proposed corporate restructuring can result in an optimal corporate structure for the Company. Western Potash wishes to be able to pursue investment opportunities in other resource properties. The Western Potash Board believes that, by making Western Potash a wholly-owned subsidiary of Western Resources and Western Resources acquiring additional resource properties in other separate wholly-owned subsidiaries of Western Resources, it will facilitate its ability to consider and implement alternative value enhancing opportunities. How to Vote Shareholders of Western Potash are encouraged to vote using the internet, telephone or facsimile. Registered shareholders may vote by proxy returned using any of the following methods: Non-registered shareholders of Western Potash: Shareholders who hold shares of Western Potash through a bank or other intermediary will have different voting instructions and should carefully follow the voting instructions provided to them. In most cases, non-registered shareholders will receive a voting instruction form as part of the meeting materials. Non-registered shareholders are encouraged to complete, sign and return the voting instruction form in accordance with the instructions on the form. Shareholders are invited to visit the Company website at www.westernpotash.com for more information on the Company. ON BEHALF OF THE BOARD OF DIRECTORS Geoffrey Chang Cautions Regarding Forward-Looking Statements Certain statements contained in this news release constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as "anticipate", "continue", "estimate", "expect", "expected", "intend", "may", "will", "project", "plan", "should", "believe" and similar expressions (including negative variations), or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. ![]() February 9, 2017 Western Potash Corp. is pleased to announce that the Company has signed the Letter of Intent (“LOI”) with China BlueChemical Ltd. The non-binding agreement outlines the intention to proceed with negotiations for the future purchase and sale of potash product from the Company’s Milestone Pilot Project located in southern Saskatchewan. The agreement contemplates the sale of up to 145,000 metric tonnes of potash annually. It is proposed that the Company would enter into a 10-year supply agreement in the event that a binding Off-Take agreement is concluded (pricing will be negotiated based on market prices). The LOI with China BlueChem expires on October 31, 2026. Mr. Geoffrey Chang, CEO & Chairman of the Board comments: “The Company is pleased to be advancing negotiations with China BlueChem towards a comprehensive binding agreement. In the meantime we will also explore opportunities with other potential buyers targeting alternative Asian markets and industrial level potash products. Such agreements are a critical step in securing a market for a range of potash products that could be produced from the Milestone project”. China BlueChem and Benewood Holdings Corporation Limited currently hold a 10.1% position in the shares of Western through a joint-venture company, CBC (Canada) Holding Corp. The current CEO of China BlueChem, Mr. Xia Qinglong sits on Western’s Board of Directors. ![]() February 7, 2017 February 7, 2017, Vancouver, BC – Western Potash Corp. (WPX: TSX) (FSE: AHE) (the “Western”, “the Company”) today announced that it has obtained an interim order from the Supreme Court of British Columbia (the "Interim Order") in connection with the corporate reorganization by way of plan of arrangement (the "Arrangement") with Western Resources Corp. ("Western Resources") announced on February 1, 2017. The Interim Order, among other things, authorizes Western Potash to call and hold an annual and special meeting of the holders of common shares of Western Potash (the "Meeting") to approve the previously announced Arrangement under the Business Corporations Act (British Columbia). In accordance with the Interim Order, the Meeting will be held on March 9, 2017 at the offices of Western Potash, Suite 1400, 1111 West Georgia Street, Vancouver, British Columbia, at 10:00 a.m. (local time). Under the Arrangement, Western Resources will acquire all of the issued and outstanding common shares of the Company on the basis of 0.2 of a Western Resources common share for each one (1) Western Potash common share, subject to the terms and conditions of the Arrangement Agreement. The completion of the Arrangement will result in Western Resources becoming the TSX-listed successor company to Western Potash, and Western Potash becoming the wholly-owned subsidiary of Western Resources. The hearing date for the application for the final order of the Court (the "Final Order") has been scheduled for March 15, 2017. If all necessary approvals are obtained and the conditions to completion of the Arrangement are satisfied or waived, Western Potash expects that the Arrangement will close in March 2017. The record date for determining the shareholders entitled to receive notice and to vote at the Meeting has been fixed to be the close of business on January 27, 2017. All shareholders are encouraged to vote in person or by proxy at the Meeting. Western Potash intends to mail the Notice of Meeting and the Management Information Circular, together with a letter of transmittal and a form of proxy to Western Potash shareholders of record early next week. The Meeting materials will be available on SEDAR at www.sedar.com under Western Potash's profile. ON BEHALF OF THE BOARD OF DIRECTORS Geoffrey Chang Forward-Looking Information Certain statements contained in this news release constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as "anticipate", "continue", "estimate", "expect", "expected", "intend", "may", "will", "project", "plan", "should", "believe" and similar expressions (including negative variations), or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. ![]() February 1, 2017 February 1, 2017, Vancouver, BC – Western Potash Corp. (WPX: TSX) (FSE: AHE) (the “Western”, “the Company”) today announced that it has entered into an arrangement agreement (the "Arrangement Agreement") under the Business Corporations Act (British Columbia) to complete a corporate reorganization by way of a plan of arrangement ("Arrangement") with Western Resources Corp. ("Western Resources"), a British Columbia corporation created by Western Potash for purposes of the Arrangement. Under the Arrangement, Western Resources will acquire all of the issued and outstanding common shares of the Company on the basis of 0.2 of a Western Resources common share for each one (1) Western Potash common share, subject to the terms and conditions of the Arrangement Agreement. The completion of the Arrangement will result in Western Resources becoming the TSX-listed successor company to Western Potash. Upon the completion of the Arrangement, the proportionate ownership interests of the Western Resources shareholders in Western Resources will be identical to their respective proportionate ownership interests in Western Potash before giving effect to the Arrangement. The Arrangement is anticipated to close in March 2017, subject to Western Potash's shareholder approval, court approval and applicable TSX and other regulatory approvals, together with all other closing conditions, as more particularly described in the Arrangement Agreement. Currently, the only mineral properties of Western Potash are the 100% owned Milestone Potash Project in Saskatchewan. To diversify its assets, Western Potash wishes to be able to pursue investment opportunities in other resource properties that may contain metals or minerals other than potash and in jurisdictions that may be outside of Saskatchewan. As its resource properties become more advanced, Western Potash also wishes to be able to consider alternative value enhancing opportunities for those resource properties, such as joint ventures, spin-offs or business combinations. The Western Potash board of directors believes that, by making Western Potash a wholly-owned subsidiary of Western Resources and Western Resources acquiring additional resource properties in other separate wholly-owned subsidiaries of Western Resources, it will facilitate the ability to consider and implement those alternative value enhancing opportunities. The Western Potash board has approved the Arrangement Agreement and recommends that the Company's shareholders VOTE FOR the Arrangement at the annual general and special meeting of the Company's shareholders to be held on March 9, 2017. ON BEHALF OF THE BOARD OF DIRECTORS Geoffrey Chang Forward-Looking Information The information in this document has been prepared as at February 1, 2017. Certain statements contained in this news release constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as "anticipate", "continue", "estimate", "expect", "expected", "intend", "may", "will", "project", "plan", "should", "believe" and similar expressions (including negative variations), or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. ![]() January 24, 2017 January 24, 2017, Vancouver, BC – Western Potash Corp. (WPX: TSX) (FSE: AHE) (the “Western”, “the Company”) is pleased to announce that the Company organized a technical review meeting in Beijing on January 19th, 2017, with a focus on the applied Horizontal Selective Mining method to be used at its Milestone Pilot Project. The Milestone Pilot Project’s full detailed engineering was completed by AMEC Wheeler Foster & Agapito Inc. in November 2016. The purpose of the meeting was to further explore possibilities of optimizing the engineering plan and mitigating potential risks of the project. Western Potash and Agapito presented the project’s background information and the main mining methodology. The expert group conducted an in-depth and comprehensive review on of the mining methodology, and is supportive of the project. The expert group consists of six leading Chinese potash industry professionals, including Mr. Zheng Mianping, Director of the Chinese Academy of Sciences, Mr. Wang Shijun, Chief Geologist of Qinghai Salt Lake Group, Mr. Liu Xiaoli, Deputy Director of Changsha Engineering & Research Institute, Mr. Chen Xin and Mr. Feng Yuehua, both are Senior Engineers of Changsha Engineering & Research Institute, and Mr. Zhang Chunfang, Senior Engineer of China BlueStar Lehigh Engineering & Research Institute. The expert group confirms that Western Potash’s world-class potash resources is best suited for solution mining & crystal pond processing techniques, which are energy efficient and environmental friendly. The innovative “horizontal drilling selective solution mining crystal pond” technique will significantly reduce the project CAPEX and waste salt generation if proven successful. Most importantly, this pilot project will further prove the accuracy and reliability of the new mining technique so as to provide a basis for the development of Western’s larger project. The expert group suggests that more testing be completed in order to further optimize the project plan, particularly in terms of the brine concentration and its continuity. The experts also suggest that multiple uses of individual drilling wells be explored. Also attending the meeting were representatives from China National Petroleum and Chemical Planning Institute, China Inorganic Salts Industry Association, China Development Bank- Beijing Branch, Beijing Tairui Innovative Capital Management Ltd., China BlueChemical Ltd., Guoxin International Investment Corporation Ltd, and China CAMCE Engineering Co. Ltd. ON BEHALF OF THE BOARD OF DIRECTORS Geoffrey Chang Cautions Regarding Forward-Looking Statements Except for statements of historical fact relating to the Company, certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the filing and results of the Technical Report. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. ![]() January 18, 2017 China CAMCE Engineering Co., Ltd Chairman & President, Ms. Luo Yan paid a visit to Western Potash Corp. on Jan 9th, 2017. Western Potash Corp.’s President, Bill Xue met with the CAMCE delegation and presented the status of the Company status, with a focus on the development of 2.8 million MOP Project as well as the progress of 150,000 tons capacity Milestone Pilot Potash project. Listed in the Shenzhen Stock Exchange, CAMCE is a large scale Chinese national state owned enterprise, with extensive experience in international project contracting, especially in engineering procurement construction (EPC) projects, domestic and overseas investment and trade. CAMCE is now the third largest shareholder of Western Potash Corp, with a total of 4.7% ownership of Western Potash through its wholly controlled Canadian Procon Resources Inc. Attending the meeting from CAMCE includes Ms. Wang Huifang, CFO of CAMCE, Mr. Lv Lele, Assistant President of CAMCE, Mr. Kang Guoqing and Mr. Liu Jie, Deputy General Manager and General Manager of Project Management & Development of CAMCE Holding Inc. respectively. Western’s CAO, George Gao and Corporate Secretary Jerry Zhang also joined the meeting. ![]() December 21, 2016 Vancouver BC – Western Potash Corp. (WPX: TSX) (FSE: AHE) (“Western” or “the Company”) is pleased to announce that its wholly owned subsidiary, Milestone Potash Corp. (MPC) has received the final engineering report on the proposed Milestone Pilot Plant Project (“the Pilot Project”). The report was compiled by Amec Foster Wheeler who was responsible for all site surface facilities, Agapito Associates Inc. (“Agapito”) who was responsible for mining, and Milestone Potash Corp. who was responsible for off-site utilities,permitting and engagement. The co-ordination of all project interfaces was managed by Amec Foster Wheeler. As reported in an April 21, 2016 news release by the Company, the purpose of the report is to develop a full scope of engineering and procurement services as well as a Class 3 ( /-10%) Capital Cost Estimate and Operating Cost estimate in advance of Western’s construction decision for the Pilot Project. Engineering deliverables include process flow diagrams, site plans, specifications, data sheets and detailed drawings, all of which have been developed to the point of allowing issuance of purchase orders for equipment and contracts. The pilot plant was designed to have an annual production capacity of 146,000 tonnes of potash obtained through horizontal mining of the Prairie Evaporites. The solution mining plan is based on the concept of ‘selective solution mining’ where the solvent is near-saturated with sodium chloride and partially saturated with potassium chloride. Among the advantages of the selective solution mining method are a lower CAPEX and OPEX compared to conventional solution mining. In addition, the selective solution mining technique has a lower environmental impact, consumes less water than conventional solution mining and does not produce salt tailings. Results of the Pilot Project will be used to determine the feasibility of construction and operation of a larger scale selective solution mining operation. The total cost (CAPEX) to design, construct and commission the Pilot Project as described in the report is $88.3 million as expressed in Q4 2016 Canadian Dollars ($CAD), which equals to a competitive unit Capital Intensity per tonne of $604. The $88.3 million CAPEX represents the costs associated with executing the project under an EPCM environment and satisfies American Association of Cost Engineering (‘AACE’) Class 3 requirements at an accuracy of /- 10%. In the EPCM scenario, the Company would assume all risk (Owners Cost Risk) for cost increases beyond contingency allocation. The OPEX estimate for the Pilot Project was developed by Amec Foster Wheeler in conjunction with the Company. The plant site OPEX is estimated to be $82.39 per tonne of product. This estimate does not include costs associated with product transportation and delivery from the site to the customer. MPC is working towards optimizing the project execution plan and continuing to minimize potential risks associated with the Pilot Project. The Company management will proceed to make a sanction at an appropriate time based on the optimization of the project execution plan and the mitigation of the potential risks. Among potential risk are:
Geoffrey Chang, Chairman of the Company stated, “we are pleased to have completed all the engineering, which shows the technological and economic feasibility of applying innovative horizontal drilling methodology, selective solution mining and crystallization pond techniques. We are very excited about the prospect of bringing this revolutionary new solution mining technology to Saskatchewan.” ON BEHALF OF THE BOARD OF DIRECTORS Geoffrey Chang Qualified Persons The content of this news release has been read and approved by Gregory F. Vogelsang, P.Eng., P. Geo., Project Manager of the Company. Mr. Vogelsang is a Qualified Person as defined by NI 43-101. Readers are cautioned that the projected mining method, potential production profile and plan and mine plan referred to in the Pilot Study and this release are conceptual in nature. There is no certainty that a potential mine will be realized or that a production decision will be made. Cautions Regarding Forward-Looking Statements Except for statements of historical fact relating to the Company, certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the filing and results of the Technical Report. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. ![]() December 17, 2016 China Development Bank’s (CDB) Canada Program Work Team paid a visit to Western Potash Corp on December 16th, 2016. The delegation was headed by team leader Mr, Geng Tiejun, and included Ms. Ji Xiaoyu, Division Chief of CDB and Ms, Xin Miao. President of Western Potash Corp Mr. Bill Xue welcomed the CDB work group and presented to the group on the status of the Company, with a focus on the development of Western’s 2.8 million capacity potash project, as well as, progress of its 150,000 tons of capacity pilot project. The two parties held a very constructive discussion on future project cooperation. The CDB work group were greatly impressed with Western Potash Corp and the advantages of its Milestone Project, including the world-class resources, excellent location, unparalleled shareholder structure and management team, its access to financings and innovative technologies. CDB expressed its willingness to provide ample support to the development of the project. Representatives from Western Potash Corp. in attendance included Mr. George Gao, Chief Administrative Officer, Dr. Matthew Wood, Project Director and Mr. Arthur Ma, Vice President.
![]() December 9, 2016 Western’s Chief Administrative Officer, Mr. George Gao, met with the Honourable Kevin Doherty, Minister of Finance, Government of Saskatchewan in Regina on December 2nd, 2016. Mr. Gao updated Minister Doherty on the development of Western’s Milestone Potash Pilot Project. He explained to the Minister how the innovative horizontal drilling techniques will be applied to potash mining for the first time ever in Saskatchewan and in Canada. Mr. Gao stressed in particular the positive environmental impacts accruing from the new technology as it eliminates surface tailings and reduces water usage. Minister Doherty was impressed by the state of progress of the Milestone project. He reiterated that potash is an important commodity for the province’s economy and source of tax revenue, the Government has been very supportive and will continue to provide support to the development of non-governmental industrial initiatives, including the potash business. Among those attending the meeting from Western’s management and key technical team members were, Mr. Matthew Wood - Project Director, Mr. Arthur Ma -Vice President, and Mr. Greg Vogelsang- Project Manager. ![]() November 1, 2016 Milestone Potash Corp’s President, George Gao will attend the 47th Annual Saskatchewan Geological Open House to be held in Saskatoon, Saskatchewan on November 28th. George will join Laurie Pushor, Deputy Minister of the Saskatchewan Ministry of Economy and other senior officials for a round table discussion on Saskatchewan’s mineral industry. This event is the premier annual mineral geoscience conference held in Saskatchewan. Many of the key players involved in Saskatchewan’s mineral industry are expected to attend. This will provide an important opportunity for the company to exchange views with both the Saskatchewan government and industry peers on the Milestone Pilot Project, and also to discuss trends in the global potash market as well as the development of other local potash projects. ![]() October 28, 2016 The newly appointed CEO of Industrial & Commercial Bank of China (ICBC) visited Western Potash Corp. on October 18 in Vancouver. Western’s Chairman and CEO, Mr. Geoffrey Chang, met with Ms. Nie and her senior staff and briefed the ICBC team on the progress of Western’s Milestone Pilot Project near Regina, Saskatchewan. The two leaders discussed how ICBC (Canada) will contribute its banking expertise to the Milestone Project. Western Potash Corp.’s Chief Administrative Officer Mr. George Gao attended the meeting. Among ICBC (Canada) staff attending the meeting was Terry Liu, Senior Executive Vice President and PK Chan, Regional Head of ICBC (Canada) Vancouver Office. ICBC is a Chinese multinational banking company, the largest bank in the world by total assets and by market capitalization. ![]() October 25, 2016 Western is pleased to announce that a meeting was held with key officials from the Government of Saskatchewan’s Ministry of Economy on October 13 in Regina. As part of the discussion, the provincial government confirmed its support for Western’s unique technological innovation being explored in the development of the Milestone Project. This Pilot Project has the potential to contribute in a meaningful way to potash mining methods in Saskatchewan by removing the environmental impacts of tailings, reducing water usage relative to other potash operations in the province and developing into a low cost mine which will be economic even in the current lower potash price environment. Mr. Geoffrey Chang, Chairman and newly appointed CEO of Western Potash Corp., confirmed the Company’s on-going commitment to keep the government as well as other stakeholders informed as the project develops. Among those at the meeting were Western’s executive team members Mr. George Gao-Chief Administrative Officer, Mr. Matthew Wood-Project Director, Mr. Arthur Ma-Vice President, and Jerry Zhang-Corporate Secretary. ![]() October 5, 2016 Vancouver BC – Western Potash Corp. (WPX: TSX) (FSE: AHE) (“Western” or “the Company”) is pleased to announce the following amendments to the board of directors of the Company effective September 29th, 2016. The new Western Board consists of seven members, with Geoffrey Chang and Bill Xue as executive directors. Mr. Xia Qinglong is appointed an independent member of the Audit Committee. Mr. Zheng Mianping is a newly appointed independent member of the Board. Buddy Doyle remains an independent member of the Board. Patricio Varas and Patrick Power, founders of the Company, will serve as non-executive members of the Board both having resigned from their respective management positions. The board welcomes Mr. Xia Qinglong, CEO of ChinaBlue Chemical Ltd. who brings over 30 years experience in the resource extraction industry beginning a distinguished career after training as a geologist, earning a PhD in geophysics and subsequently training as a professor grade senior engineer at the Chinese University of Sciences Academy. The Western board is also pleased to announce the appointment of Mr. Zheng Mianping, a renowned expert in the salt lake research and extraction industry. Mr. Zheng is a member of the Chinese Academy of Engineering and the President of the International Society for Salt Lake Research. Mr. Zheng is the foremost expert in salt deposits geology and a pioneer in the salt lake mineral extraction industry in China. Under his direction, China’s first solution mining lithium extraction technique was also developed at the Zabuye Salt Lake. Recently Mr. Zheng oversaw the Survey of Marine Potash in China, which generated a breakthrough in potash prospecting of a new potash rich gravel brine layer. Mr. Bill Xue and Mr. Patrick Power are re-joining the Board of Directors and will continue to contribute their managerial, organizational and commercial experience. At the management level of Western, the board announces that Geoffrey Chang, Chairman of the Board will assume the position of CEO from Patricio Varas. George Gao will assume the role of Chief Administrative Officer and Jerry Zhang will take on the position of Corporate Secretary. Geoffrey Chang, Chairman and CEO welcomed Mr. Xia and Mr. Zheng, recognizing their extensive industrial, technical and operational expertise. “The contributions that our new board members bring will be particularly valuable as Western transitions towards project construction and commercialization. Western is grateful for the contributions of Mr. Wang Hui and Mr. Wang Yinping who have tendered their resignations from the board as part of this restructuring. With the board and management streamlining, the Company is well positioned for the next critical stage in Western’s development.” ON BEHALF OF THE BOARD OF DIRECTORS, Geoffrey Chang Cautions Regarding Forward-Looking Statements Except for statements of historical fact relating to the Company, certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the filing and results of the Technical Report. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. ![]() July 25, 2016 July 25, 2016, Vancouver, BC – Western Potash Corp. (WPX: TSX) (FSE: AHE) (“Western”, “the Company”) is pleased to announce the following corporate updates. The appointments to management detailed below include the appointments to the positions of Milestone Potash Project Director, Senior Vice President of Business Development, Director of Administration in addition to a new external auditor. The Company is pleased to appoint Dr. Matthew Wood as Western’s Project Director of the Milestone Potash Project. Dr. Wood has extensive potash solution mining, process and project management experience with two large multi-national mining companies, most recently in Saskatchewan. He joins the company to lead the project team that will move the Milestone Potash Project into production. Dr. Wood is the former President of Vale Potash Canada Limited, and Senior Project Leader of Vale’s Kronau Project near Regina in Saskatchewan. Here he led the Geology and Drilling, Solution Mining, Land Environment and Community and Operational Readiness teams during the final Feasibility Study of the solution mining plant. He also led the design of the solution mining and wellfields both for Kronau Project, and Potasio Rio Colorado (PRC) in Argentina. Dr. Wood’s contacts, experience and knowledge of Saskatchewan will be of particular benefit to the Milestone Project. Mr. Gao is the former President of the Beijing Mining Exchange (“BMX”), where he led the establishment of its mining project listing strategy, polices and practice. He has prior experience working for the Toronto Stock Exchange and TSX Venture Exchange (“TSX”) as Chief Representative, Beijing Office and Head, Business Development, Asia,and played a major role in the establishment of the TSX presence in Asia, in particular in the natural resource sector. The Company has also appointed Mr. Jerry Zhang to the position of Director of Administration and Assistant to the President. Mr. Zhang has nearly a decade of experience serving various levels of Chinese central governments in a wide variety of responsibilities in a range of operational assignments. During the more than 6 years that Jerry has been with Western, he has become increasingly involved with the development of the Company’s potash project and with the Company as it matures. Mr. Zhang obtained a PhD degree in International Relations from the University of Melbourne. Western continues to benefit from Jerry’s exceptional organizational and bilingual skills. In order to meet the requirements of the company’s new development, the Company is in the process of appointing KPMG as its new external auditor. KPMG is one of the largest accounting firms in Canada with extensive knowledge of the mining industry. Mr. Geoffrey Chang, Chairman of the Board comments that the new additions have strengthened the Company’s management and operations as the company moves toward completion of the current stage of engineering. ON BEHALF OF THE BOARD OF DIRECTORS Geoffrey Chang Cautions Regarding Forward-Looking Statements Except for statements of historical fact relating to the Company, certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. ![]() April 21, 2016 April 21, 2016 , Vancouver, BC – Western Potash Corp. (WPX: TSX) (FSE: AHE) (the “Western”, “the Company”) is pleased to announce that its wholly owned subsidiary, Milestone Potash Corp. has awarded the Engineering Services Agreement to Amec Foster Wheeler (“Amec”) for the next stage engineering of the Milestone Pilot Plant Project in Saskatchewan. Also, the Agreement to provide Pilot Well Subsurface Design has been awarded to Agapito Associates Inc. (“Agapito”) Amec will provide a full scope of engineering and procurement services as well as a Class 3 Capital Cost Estimate in advance of Western’s Final Investment Decision to construct the Pilot Plant Project. Deliverables include process flow diagrams, site plans, specifications, data sheets and detailed drawings. Western is pleased to continue to work with Amec and the continuity provided by way of Amec’s involvement in previous engineering studies for the Milestone project. Amec has extensive experience in potash projects in Saskatchewan through its involvement in nearly all potash operations in the province, and numerous other potash projects around the world. Western will benefit from Amec’s relationships with potash project suppliers and vendors as well as Amec’s reputation for delivery of projects on schedule and within budget with safety being paramount. These are key drivers for Western as the project moves towards development. For the underground well and cavern design, Agapito of Grand Junction, Colorado will continue its engineering and design work following on from its involvement in the delivery of the Scoping Study for a Pilot Plant Scale Selective Solution Mining Operation dated July 2015. Agapito’s design work will include well trajectory, well structure, cavern layout and a production schedule for the twelve-year life of mine. Agapito brings unparalleled experience in consulting management services in solution mining of potash in Saskatchewan and the United States. The engineering and procurement scope of work and subsurface design is anticipated to complete in approximately eight months. ON BEHALF OF THE BOARD OF DIRECTORS Geoffrey Chang Readers are cautioned that the projected mining method, potential production profile and plan and mine plan referred to this release are conceptual in nature. There is no certainty that a potential mine will be realized or that a production decision will be made. A mine production decision that is made without a feasibility study carries additional potential risks that include, but are not limited to, the inclusion of inferred mineral resources, which are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. Cautions Regarding Forward-Looking Statements Except for statements of historical fact relating to the Company, certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. ![]() April 15, 2016 April 15, 2016 , Vancouver, BC – Western Potash Corp. (WPX: TSX) (FSE: AHE) (the “Western”, “the Company”) wishes to announce that it has terminated its Normal Course Issuer Bid (the “Bid”) as originally announced October 30, 2015. At the end of the Bid the Company had purchased a total of 3.88 million shares at an average price of approximately $0.194 per share. The Company has not yet made a determination regarding the potential cancellation of the shares acquired under the Bid. About Western Potash Corp. Western Potash Corp. is a development company engaged in the evaluation, exploration and development of potash mineral properties in Western Canada. The Company intends to develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. ON BEHALF OF THE BOARD OF DIRECTORS Geoffrey Chang Cautions Regarding Forward-Looking Statements Except for statements of historical fact relating to the Company, certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the filing and results of the Technical Report. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. ![]() April 6, 2016 Vancouver, British Columbia – April 6, 2016 - Western Potash Corp. (“Western” or the “Company”) (TSX: WPX, FSE: AHE) announced the resignations of Bill Xue, Patrick Power and Limin Sun from the Board of Directors effective April 5th, 2016. Each of the three former directors will remain with the Company in their current executive positions. It is the intention of the Board to reduce the proportion of executive directors, thereby optimizing its composition and efficiency. Geoffrey Chang, Chairman of the Board said, “The Company thanks Mr. Xue, Mr. Power and Ms. Sun for their service and commitment to the Board.” ON BEHALF OF THE BOARD OF DIRECTORS Geoffrey Chang Cautions Regarding Forward-Looking Statements Except for statements of historical fact relating to the Company, certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the filing and results of the Technical Report. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. ![]() March 29, 2016 Vancouver, British Columbia – March 24, 2016 - Western Potash Corp. (“Western” or the “Company”) (TSX: WPX, FSE: AHE) is pleased to announce that its shareholders approved all items put before them at the Company’s Annual General Meeting held March 16, 2016. The items approved include:
ON BEHALF OF THE BOARD OF DIRECTORS Geoffrey Chang Cautions Regarding Forward-Looking Statements Except for statements of historical fact relating to the Company, certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the filing and results of the Technical Report. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. ![]() January 11, 2016 January 11, 2016, Vancouver, BC – Western Potash Corp. (WPX: TSX) (FSE: AHE) (the “Western”, “the Company”) is pleased to provide the following update to shareholders. 2015 was a transformational year for Western. Shareholders would be aware of the negative tone of much of the news in the potash industry, highlighted by a declining price for the commodity and signs of an over supplied market. Investors have now experienced several years of difficult markets for most companies in the mining industry with those in the potash and other fertilizer businesses being no exception. It is not news that one of the major challenges has been the scarcity of capital for the development of projects, where only the most exceptional projects have attracted significant amounts of capital. In the face of this challenging environment and following a detailed due diligence process, Western was pleased to announce a strategic investment of CAD $80 Million from the Chinese private equity firm Tairui Innovation Capital Management Ltd., closing in September of 2015. Along with the cash injection, Western was pleased to receive the additions at the board level of Geoffrey Chang in the position of Chairman of the Board, and Bill Xue as a Director. Both individuals bring significant experience in the financing, development and operation of resource projects. For Western, the financing represents confirmation of the extraordinary attributes of the Milestone Potash Project in a financing environment where the race for development funding is highly competitive. Western made the decision to re-scope the Milestone Project in 2015 with the aim of investigating alternative methods of mining the deposit. While traditional solution mining methods in Saskatchewan have been successful for many years, the Company understood that to follow such a path would require a multi-billion dollar project finance package. With the belief that a scalable approach was required, the Company re-engaged its engineering consultants and delivered the “Scoping Study for a Pilot Plant Scale Selective Solution Mining Operation” in July of 2015. A scalable model will provide the Company with the ability to develop the project in stages, starting with the pilot plant but without the need for an initial capital requirement in the billions. Project economics are attractive in the current potash price environment with initial start-up capital estimated to be in the range of the CAD $80 Million invested by Tairui. Western management and its engineers made use of the decades of potash mining expertise available in Saskatchewan and considered technological advancements currently in use in potash and salt mining operations around the globe including the use of horizontal drilling. Predominantly used in the oil and gas industry, horizontal drilling is used effectively to mine potash in the Western United States. Equally important for the Company is the reduction in capital intensity per tonne of potash production at Milestone. In a low price environment, the study outlines a low operating cost project on an industry wide relative basis with comparatively attractive capital requirement levels versus other potash projects as the Milestone pilot plant scales up from a projected annual production of 146,000 tonnes. Solution mining operations provide the advantage of lower capital expenditure requirements compared to typical conventional potash mines. Having confirmed Environmental Assessment Approval, the Company is currently engaged in a series of technical meetings with consulting engineers with the aim of being construction ready in 2016. Western registered a project company, the Milestone Potash Corp. in Saskatchewan as a wholly owned subsidiary of Western Potash Corp. as the company transitions its focus to construction of the pilot plant project. In addition to ongoing community engagement initiatives, in November of last year the Company met with representatives of the Saskatchewan Ministry of the Economy in Regina. Discussions were focused around an update of Western’s progress, as well as job creation in Saskatchewan and ongoing adjustments to taxation for potash production in the province. During the latter half of the year, a settlement was reached with UBS Securities Canada Inc. in the matter of a dispute over financial advisory fees resulting from the engagement of UBS in 2013. The Company instituted a Normal Course Issuer Bid share buyback program in late October of 2015. Management feels that overall market dynamics as well as potash industry fundamentals have contributed to downward pressure in the share price of Western Potash. Meanwhile the positive Company fundamentals are not reflected in the price of the shares. To date a total of 1,353,000 shares have been purchased at an average cost of $0.21 per share. The shares are currently held in the Company’s brokerage account. Since inception and through the recent transformation, Western senior management has remained fundamentally intact. This continuity helps maintain a knowledge base and level of consistency and familiarity with the project, the stakeholders and the province of Saskatchewan. The Company prides itself on this level of commitment to its people and its shareholders. Shareholders are invited to visit the Company website at www.westernpotash.com for more information on the Milestone project, newly posted photographs, as well as, more information on the Company’s major shareholders. ON BEHALF OF THE BOARD OF DIRECTORS Geoffrey Chang Cautions Regarding Forward-Looking Statements Except for statements of historical fact relating to the Company, certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the filing and results of the Technical Report. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. ![]() October 30, 2015 Vancouver, October 30, 2015 - Western Potash Corp. (the “Company”) (TSX: WPX, FSE: AHE) wishes to announce that it has today received approval from the Toronto Stock Exchange (the “Exchange”) to make a Normal Course Issuer Bid (the “Bid”) to purchase, from time to time, as it considers advisable, up to 13.65 million of the Company’s issued and outstanding Common Shares (being approximately 2.9% of the 467,185,559 Common Shares outstanding at October 29, 2015). The Bid will commence on November 4, 2015 and will terminate on the earlier of November 3, 2016, or the date on which the Company has acquired all of the shares sought pursuant to the bid. Daily purchases will not exceed 53,754 common shares per day. Purchases will be made in accordance with Exchange requirements, on the open market through the facilities of the Exchange or alternative trading systems in Canada. Canaccord Genuity Corp. will conduct the Bid on behalf of the Company. The price which the Company will pay for any shares purchased will be the prevailing market price of such shares on the Exchange at the time of such purchase. The Company will make its determination regarding the potential cancellation of the shares acquired under the Bid prior to the conclusion of the Bid. The Board of Directors of the Company believe that the current and recent market prices of the Company’s shares do not give full effect to their underlying value and that, accordingly, the purchase of shares will increase the proportionate share interest of, and be advantageous to, all remaining shareholders. The normal course purchases will also afford an increased degree of liquidity to the Company’s shareholders who would like to dispose of their shares. The Company has not purchased any common shares of the Company in the last 12 months. To the knowledge of the Company, no director, senior officer or other insider of Company currently intends to sell any common shares under this Bid. However, sales by such persons through the facilities of Exchange may occur if the personal or corporate circumstances of any such person change or any such person makes a decision unrelated to these normal course purchases. The Board has reserved the right to stop the Bid in the event market conditions justify it. About Western Potash Corp. Western Potash Corp. is a development company engaged in the evaluation, exploration and development of potash mineral properties in Western Canada. The Company intends to develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. ON BEHALF OF THE BOARD OF DIRECTORS Patrick Power Cautions Regarding Forward-Looking Statements Except for statements of historical fact relating to the Company, certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the filing and results of the Technical Report. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. ![]() October 6, 2015 October 6, 2015, Vancouver, BC – Western Potash Corp. (WPX: TSX) (FSE: AHE) (the “Western”, “the Company”) is pleased to announce that a Memorandum of Understanding for Strategic Cooperation was signed on September 29, 2015 at Vancouver’s Four Seasons Hotel by China Development Bank, Western Potash Corp., and Beijing Tairui Innovation Capital Management Ltd.,. (“Tairui”) Among those attending the signing ceremony were Mr. Hu Huaibang, Chairman of China Development Bank, Mr. Geoffrey Chang, Chairman of Western Potash Corp., with Mr. Xu Ming, President of the Beijing Branch of China Development Bank, Mr. Patricio Varas, CEO of Western Potash and Mr. Xue Wenye, President of Tairui signing the Memorandum of Understanding respectively. China Development Bank is a Chinese policy financial organisation, with a focus on the development of international business, and remaining in the top position among Chinese banks with respect to international investment and financing. In his speech at the signing ceremony, Mr. Wang Gefan, Chief Operations Officer of China Development Bank said that Tairui and China BlueChemical Ltd. have responded positively to China’s national investment strategy by taking the lead among Chinese companies in developing the first Potash project in Canada. This not only serves as an excellent example but also provides numerous benefits to both China and Canada. China Development Bank is willing to support Tairui and China BlueChemical Ltd. in their efforts to develop overseas markets to grow and accelerate their business. China Development Bank will bring its comprehensive financial capability to the project in co-operation with Western Potash Corp. in the mining industry in North America. ON BEHALF OF THE BOARD OF DIRECTORS Geoffrey Chang Cautions Regarding Forward-Looking Statements Except for statements of historical fact relating to the Company, certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the successful development and advancement of the Pilot Plant on the Milestone Project, and the intended use of proceeds from, and the anticipated benefits of, the Transaction. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. ![]() September 28, 2015 September 28, 2015, Vancouver, BC – Western Potash Corp. (WPX: TSX) (FSE: AHE) (the “Western”, “the Company”) is pleased to announce that subsequent to the closing of the strategic investment from Beijing Tairui Innovation Capital Management Ltd. (“Tairui”), announced September 16th of this year, Mr. Chang Xiaogang (Geoffrey) has been elected to the position of Executive Chairman of the Board of Western Potash Corp. Mr. Chang is a graduate of Tsinghua University School of Economics and Management with a Master’s Degree in Business Administration. Previously he served as President and Chairman of Shanxi Top Energy Company Ltd., Deputy Chairman of Shanxi Securities Ltd., Deputy Chairman of Shanxi Zhangze Power Company Ltd., Chairman and President of Shanxi International Power Group Ltd. Mr. Chang also served as a full-time independent director of SASAC, China’s State-owned Assets Supervision and Administration Commission. Patricio Varas, CEO commented,” The Western Potash board is pleased to welcome Geoffrey Chang as newly elected Chairman. Mr. Chang and Tairui bring a wealth of relevant experience that will help guide Western as the Company begins the transition to project construction.” Environmental Assessment Approval: Western is also pleased to announce that it has received Environmental Assessment Approval from the Saskatchewan Ministry of Environment (“SMoE") for the Milestone Project Pilot Plant, (“the Pilot Plant”). Western submitted an Environmental Impact Statement (“EIS”) for the Milestone Project initially in early 2013 as the project was considered a “Development” as defined in the province of Saskatchewan’s Environmental Assessment Act (“EAA”). As such it was subject to an Environmental Impact Assessment. Following a regulatory review, the EIS received Ministerial Approval from SMoE in April 2013. Subsequently, Western re-scoped the project as detailed in the Scoping Study for a Scalable Pilot Plant delivered earlier this year and announced in the July 2nd, 2015 news release. The Milestone Project Pilot Plant by contrast provides an alternative methodology that employs lower capital using innovative selective potash solution mining techniques. The change in mining methodology and design proposed for the Pilot Plant required review under the EAA as it represented a change from the original 2013 approval. A Project Description outlining the Pilot Plant was submitted to SMoE in July, 2015. Following review of the Project Description, Saskatchewan Ministry of Environment concluded that the proposed change will not result in significant environmental impacts different from those identified in the original EIS and is satisfied that the requirements of the EAA have been met. ON BEHALF OF THE BOARD OF DIRECTORS Patricio Varas Cautions Regarding Forward-Looking Statements Except for statements of historical fact relating to the Company, certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the intended use of proceeds from, and the anticipated benefits of, the Transaction. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. ![]() September 16, 2015 Vancouver, British Columbia – September 16, 2015 - Western Potash Corp. (“Western” or the “Company”) (TSX: WPX, FSE: AHE) is pleased to announce the closing of the previously announced strategic investment from Beijing Tairui Innovation Capital Management Ltd. (“Tairui”), whereby Tairui has purchased 238,264,635 common shares of Western (“Common Shares”) at a price of $0.3358 per share for an aggregate purchase price of $80 million (the “Transaction”). In conjunction with the Transaction, CBC (Canada) Holding Corp. (“CBCHC”) has purchased 2,144,865 Common Shares also at $0.3358 per share, pursuant to the exercise of its pre-emptive anti-dilution right with the Company, for an aggregate purchase price of $720,245.67. CBCHC made an initial investment in the Company in 2013 in the amount of approximately $32 million. Following completion of the Transaction, including the issuance of Common Shares to CBCHC under its pre-emptive right, Tairui holds a 51% ownership stake, and CBCHC holds a 10.1% ownership stake, in Western on a non-diluted basis. All securities issued in connection with the Transaction to Tairui and CBCHC are subject to a four month hold period in accordance with Canadian securities laws. On closing of the Transaction, the Company has 467,185,559 issued and outstanding Common Shares. The per share issue price of $0.3358 represents an approximate 53% premium over the volume-weighted average price of the Common Shares on the Toronto Stock Exchange for the 30 trading days ended July 3, 2015, the last trading day prior to the initial public announcement of the Transaction. Tairui is a China based private equity investment company with a focus on the energy and mining industries. The management team has extensive experience in project management and investment management in the natural resource sector. Highlights of the Transaction The Transaction provides Western with a significant capital infusion that will enable the Company to advance its current business plan to develop the pilot plant on the Milestone Project (the “Pilot Plant”), as announced and described in the Company’s news release dated July 2, 2015. Operational demonstration of the Pilot Plant would provide the longer-term opportunity for Western to further develop its high quality and significant potash resources in Saskatchewan with financially and technically strong strategic partners in Tairui and CBCHC. The highlights and benefits of the Transaction include:
Approval of the Transaction was received at a Special General Meeting of the Company’s shareholders held on August 24, 2015. As outlined in the Management Information Circular dated July 24, 2015, Deloitte Corporate Finance Inc. provided an opinion to the Board of Directors of Western to the effect that, as of the date of, and subject to the assumptions, limitations and qualifications contained in, the opinion, the Transaction is fair, from a financial point of view, to Western shareholders. “The greatest challenge to the Milestone Project has always been financing risk”, said Pat Varas, Western’s President & CEO. “Today’s transaction represents a major step in risk reduction. Western has been actively canvassing the globe for a strategic partner with the financial strength to help us execute on the Pilot Plant. We believe that Tairui is an ideal partner. We believe that this strategic investment provides our shareholders with much greater value than an outright sale of the project or a dilutive standalone public financing would in the current depressed markets. The Transaction represents an opportunity not afforded to the shareholders of many junior companies at the moment.” “Since the signing of the term sheet 11 months ago, we have had the opportunity to broaden our knowledge of the Milestone Project”, said Bill Xue, President of Tairui. “In fact, the scoping study results delivered in July of this year provide for a scalable and more flexible approach to the project. At Tairui, we look to invest in advanced projects with a large resource base and without environmental complications. The scalability we see in the scoping study is attractive from a cost and project timeline perspective and renders the project relatively more competitive. The Western Potash team is highly skilled, committed and passionate. In combining the resources of Tairui with the high quality Milestone Project and an innovative development process, we are excited about the future prospects for Western.” Nominees to Western’s Board of Directors Effective upon closing of the Transaction, the following nominees of Tairui were appointed to Western’s Board of Directors: Chang (Geoffery) Xiaogang, Director Mr. Chang is a graduate of Tsinghua University School of Economics and Management with a Master’s Degree in Business Administration. He served successively as President and Chairman of Shanxi Top Energy Company Ltd., Deputy Chairman of Shanxi Securities Ltd., Deputy Chairman of Shanxi Zhangze Power Company Ltd., Chairman and President of Shanxi International Power Group Ltd., full-time independent director for Central State-owned Enterprise, and Director of China International Travel Service Group Corporation. Xue (Bill) Wenye, Director Mr. Xue graduated from Beijing Jiaotong University, majoring in Construction Management. He also holds a Master’s Degree in Business Administration, and a law degree. Mr. Xue served respectively as General Manager of Top Energy Lishi Coal Mine, Vice President of Shanxi Top Energy Company Ltd., President of Shanxi Financial Leasing Company Ltd., and Vice President of Shanxi International Electricity Group Company Ltd. He is currently the President of Tairui. Wang Yinping, Director Mr. Wang graduated with a Law Degree from Renmin University of China. He also has a Master’s Degree in Business Administration from China Europe International Business School. He has 27 years’ experience with SINOCHEM Group, of which he was Vice President of the Group for 16 years, where he was responsible for matters that included international trade, finance, real estate and the chemical industry. He served respectively as President and Chairman of two Shanghai Stock Exchange listed companies (SINOCHEM International and International Group Co. Ltd., both of which are SINOCHEM member companies), as well as President of China Foreign Economy & Trade Trust. Since 2015, he has served as the CEO of China Pioneer Pharma Holdings Limited, a Sun (Linda) Limin, Director and Executive VP of Communications Ms. Sun graduated from Northeastern Normal University with a Bachelor’s Degree in English Literature, and a Diploma of International Economics & Trading from the University of International Business & Economics Beijing. She has an extensive background in International and Government relations beginning with the Ivanhoe Group Companies. She has been with Western Potash since 2011 and has played a significant role in the Company’s important strategic transactions with CBCHC and Tairui. Messrs. David Hodge, Peter Miles and Troy Nikolai have stepped down from the Board of Directors as part of the Transaction in order to accommodate the incoming directors. The Company is grateful for their significant contributions and service in helping to advance Western from inception through to this important step. Mr. Nikolai will remain in the role of Chief Financial Officer. The incumbent directors are Patricio Varas, Patrick Power, Buddy Doyle and Wang Hui, the last of which is CBCHC’s nominee on Western’s Board. Copies of the subscription agreement governing the Transaction, the Management Information Circular, and certain related documents and agreements are filed with Canadian securities regulators and are available on the SEDAR website at www.sedar.com under Western’s profile. About Western Potash Western is a development company engaged in the evaluation, exploration and development of potash mineral properties in Western Canada. Western intends to develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. ON BEHALF OF THE BOARD OF DIRECTORS J. Patricio Varas Cautions Regarding Forward-Looking Statements Except for statements of historical fact relating to the Company, certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the intended use of proceeds from, and the anticipated benefits of, the Transaction. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. ![]() August 25, 2015 August 25, 2015, Vancouver BC – Western Potash Corp. (“Western” or the “Company”) (TSX: WPX) (FSE:AHE) is pleased to announce that the Company received, at the special general meeting of its shareholders held on August 24, 2015 (the “Meeting”), shareholder approval for a transaction pursuant to which Beijing Tairui Innovation Capital Management Ltd. (the “Investor”) will purchase 238,264,635 common shares at a price of $0.3358 per share for an aggregate purchase price of $80,000,000 (the “Tairui Investment”). The Tairui Investment will result in the Investor holding a 51% ownership stake in the Company on a non-diluted basis on closing. The shareholders also approved the issuance of 2,144,865 common shares to CBC (Canada) Holding Corp. also at $0.3358 per share, pursuant to the due exercise of its pre-emptive right with the Company for an aggregate purchase price of $720,245.67 (collectively with the Tairui Investment, the “Transactions”), which will result in CBCHC holding a 10.1% ownership stake in the Company on a non-diluted basis on closing. Approximately 40% of the eligible shares of the Company were voted at the Meeting, with 70.9% of the shares being voted in favour of the Transactions. The Transactions are described in the management information circular of the Company dated July 24, 2015. Closing of the Transactions is expected to occur on or about September 16, 2015, following final clearance by the Toronto Stock Exchange of certain necessary personal information forms relating to the Investor. About Western Potash Corp. Western Potash Corp. is a development company engaged in the evaluation, exploration and development of potash mineral properties in Western Canada. The Company intends to develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. ON BEHALF OF THE BOARD OF DIRECTORS J. Patricio Varas Cautions Regarding Forward-Looking Statements Except for statements of historical fact relating to the Company, certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the expected closing date of the Transactions. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. ![]() July 6, 2015 July 6, 2015, Vancouver BC – Western Potash Corp. (“Western” or the “Company”) (TSX: WPX) (FSE:AHE) is pleased to announce that Beijing Tairui Innovation Capital Management Ltd. (“Tairui”) has agreed to make a strategic equity investment of C$80,000,000 (the “Investment Amount”) in Western at a price of C$0.3213 per common share of Western (a “Common Share”) for a total of 248,989,860 common shares in the capital of Western (“Common Shares”), subject to adjustment, which will result in Tairui holding a 51% ownership stake in the Company on a non-diluted basis on closing of the transaction (“Closing”). The per share issue price of C$0.3213 represents a 46% premium over the Company’s volume weighted average price on the Toronto Stock Exchange for the 30 trading days ended July 3, 2015. Under the terms of the investment agreement between Western and Tairui, Tairui will have the right to appoint four nominees to the board of directors of the Company. In addition, the investment agreement provides that the number of Common Shares issuable to Tairui and the per share issue price of C$0.3213 based on 248,989,860 Common Shares, are subject to adjustment in certain circumstances where additional Common Shares may be issued on or prior to Closing, such that Tairui will, in all such circumstances, hold a 51% ownership stake in the Company on a non-diluted basis on Closing. The adjustment provisions include adjustments in the event that CBC (Canada) Holding Corp. (“CBCHC”) elects to exercise, in whole or in part, and within the prescribed time limit, its pre-emptive right to maintain up to a 19.9% share position in Western pursuant to the subscription agreement between CBCHC and the Company dated June 1, 2013. About Beijing Tairui Innovation Capital Management Ltd. Beijing Tairui Innovation Capital Management Ltd is a China based private equity investment company with a focus on the energy and mining industries. The management team has extensive experience in project management and investment management in the natural resource sector. ON BEHALF OF THE BOARD OF DIRECTORS J. Patricio Varas Cautions Regarding Forward-Looking Statements Except for statements of historical fact relating to the Company, certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the timing of Closing of the transaction and the potential exercise of pre-emptive rights by CBCHC. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. ![]() July 2, 2015 July 2nd, 2015, Vancouver, BC – Western Potash Corp. (WPX: TSX) (FSE: AHE) (the “Company”) is pleased to announce the completion of a Scoping Study for a Pilot Plant Scale Selective Solution Mining Operation (the “Pilot Study”) on the Company’s 100% owned Milestone property in southern Saskatchewan (the “Project”). The Pilot Study is a preliminary economic assessment and was prepared by Novopro Projects Inc. in conjunction with Agapito Associates Inc. The Pilot Study outlines how the Company may effectively exploit the Milestone asset through reduced targeted levels of potential production, using innovative selective potash solution mining techniques, while projecting a reduced CAPEX and competitive OPEX. The Pilot Study includes a resource estimate for the study area. The Pilot Study reports that the resulting after-tax/royalty projected Net Present Value (“NPV”) is $56.7M CAD, with an Internal Rate of Return (“IRR”) of 25.2 % assuming a nominal discount rate of 10%, CAPEX of $80.6M CAD, OPEX of $80 CAD per tonne, and a potash price of $315 USD per tonne FOB Vancouver. Pat Varas, President and CEO of the Company, commented: “In the current pricing environment, it has been very difficult to find solutions for financing and moving the Milestone project forward. In taking a step back and re-scoping the Project, the Company is greatly encouraged by the results of this study, as it projects a significantly reduced risk profile and allows for the staged development of our Milestone project. The anticipated lower CAPEX requirements, alternative potential production scenario and improvement in projected economics will potentially facilitate a fresh look at investment in the Company by a much larger project financing and investment pool. With this new platform, management is looking forward to renewed interest by the investment community to fund the initial development of Milestone.” Rationale for Pilot Study The initial Milestone Feasibility Study, delivered and announced by the Company in December of 2012, was designed with a specific strategic perspective: one that focused on financing and project risk reduction while maximizing value, resulting in a large tonnage, long life, mining methodology similar to that used for over forty years at Mosaic's Belle Plaine Potash Solution Mine. The Company has diligently pursued Project finance scenarios that would bring Milestone into potential production on that basis. This process has proven to be challenging given the current potash pricing environment and the broad commodity pricing cycles inherent to the market. Consequently, a new paradigm was required to move the Project forward in order to effectively exploit the Milestone asset while projecting a significantly reduced CAPEX and competitive OPEX, and potentially insulating the Company from these broad commodity pricing cycles. Results of the Pilot Study The Pilot Study provides an analysis of the potential for selective mining of the Milestone deposit, starting with a smaller scale, low capital cost pilot project. Included in the study is an analysis of a selective mining method relying on horizontally drilled wells selectively mining initially the Esterhazy potash member. The method of selective solution mining has been proven in industry; however, the exact mining method proposed in the Pilot Study has not to date been utilized in Saskatchewan. Other examples of producing operations employing some key aspects of the Pilot Study selective solution mining method include Intrepid Potash, Moab, Utah (Potash), who solution mine potash from flooded underground workings and horizontally drilled caverns, and ETI Soda, Turkey (Trona) and Natural Soda, Colorado (Nahcolite), who both solution mine using horizontal wells. The Pilot Study envisions the simultaneous operation of three pilot production caverns. The horizontally drilled wells inject a Sodium Chloride (NaCl) saturated brine having a temperature higher than the in-situ rock formation temperatures. Potassium Chloride (KCl) is then selectively dissolved within the potash formation, leaving a lattice of NaCl behind. KCl rich brines are then brought to surface through each production well. KCl recovery is achieved through delivery of the resultant KCl rich brine to a surface crystallization facility, producing 145,600 tonnes of standard grade MOP per year. The Pilot Study produced preliminary process flow diagrams, site layout drawings, mining cavern and drill pad layouts, along with equipment lists and other engineering data. Estimates of capital and operating costs were developed to AACE Class 4 /- 25% capital and operating cost estimate standards. Some of the advantages of the proposed methodology are:
Key Highlights of the Pilot Study: The Pilot Study is based on a mineral resource in the Esterhazy member (the target mining horizon) in the study area, consisting of a Measured Resource of 7.17 million tonnes (Mt) grading 39.5% KCl, an Indicated Resource of 11.56 Mt grading 39% KCl and an Inferred Resource of 1.77 Mt grading 39% KCl. A cutoff grade of 15.8% KCl (10% K2O) was used to define the top and bottom of the target member. Table 1 below evaluates the key economic sensitivities of the Project. Since the analysis is based on a cash flow estimate, actual financial results may vary from these predictions. The Pilot Study concludes that the Project is economically viable. Successful operation of the pilot plant would support potential future feasibility studies of a larger commercial scale facility. Table 1: Project Potash Price, OPEX, and CAPEX Sensitivities The Company will be filing a technical report containing a preliminary economic assessment and resource estimate in respect of the Pilot Study (the “Technical Report”) pursuant to National Instrument 43-101 - Standards of Disclosure for Mineral Projects (“NI 43-101”) with Canadian securities regulators within 45 days of this release. The Technical Report will be available on SEDAR at www.sedar.com, and also on the Company's website at www.westernpotash.com. Readers are cautioned that the projected mining method, potential production profile and plan and mine plan referred to in the Pilot Study and this release are conceptual in nature and additional technical studies will be required in order to fully assess their viability. There is no certainty that a potential mine will be realized or that a production decision will be made. A mine production decision that is made without a feasibility study carries additional potential risks that include, but are not limited to, the inclusion of inferred mineral resources, which are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. Mine design and mining schedules, metallurgical flow sheets and process plant designs will require additional detailed work and economic analysis and internal studies to ensure satisfactory operational conditions and decisions regarding future targeted production. The Pilot Study is a preliminary economic assessment, is preliminary in nature and includes inferred mineral resources, which are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that inferred resources will be converted to the measured and indicated categories, that the measured and indicated resources will be converted to the proven and probable mineral reserve categories and there is no certainty that the Pilot Study will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability; the estimate of mineral resources in the Pilot Study may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues. ON BEHALF OF THE BOARD OF DIRECTORS J. Patricio Varas Qualified Persons The content of this news release has been read and approved by J. Patricio Varas, P. Geo., President and CEO of the Company, and Dean Pekeski, P. Geo, Executive Vice President of the Company. Both are Qualified Persons as defined by NI 43-101. Cautions Regarding Forward-Looking Statements Except for statements of historical fact relating to the Company, certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the filing and results of the Technical Report. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. ![]() June 3, 2015 June 3, 2015 – Vancouver, BC – Western Potash Corp. (WPX: TSX) (FSE: AHE) (the “Company”) – confirms that UBS Securities Canada Inc. (“UBS”) has filed a lawsuit against the Company before the Ontario Superior Court of Justice claiming fees, disbursements and damages in connection with a strategic investment in the Company by China BlueChemical Ltd., and GUOXIN International Investment Corporation Limited, through a wholly owned subsidiary, CBC (Canada) Holding Corp., which closed in June 2013. The Company believes that UBS’ lawsuit is unfounded and entirely without merit, and intends to vigorously defend itself against the lawsuit. ON BEHALF OF THE BOARD OF DIRECTORS J. Patricio Varas Cautions Regarding Forward-Looking Statements Except for statements of historical fact relating to the Company, certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to management’s belief regarding the lawsuit and any outcome of the lawsuit. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. ![]() March 5, 2015 Vancouver BC – Western Potash Corp. (WPX: TSX) (FSE: AHE) (“the Company”) is pleased to announce that its shareholders approved all items put before them at the Company’s Annual and Special General Meeting held February 26, 2015. The approved items include:
ON BEHALF OF THE BOARD OF DIRECTORS J. Patricio Varas Cautions Regarding Forward-Looking Statements Except for statements of historical fact relating to the Company, certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. ![]() November 20, 2014 Vancouver BC – Western Potash Corp. (WPX: TSX) (FSE: AHE) (“Western”, “the Company”) will be attending the upcoming Agro Technology and Business Fair 2014, in Chandigarh, India, November 22 to 25th. One of the largest events of its kind, Agro Tech promotes sustainable agriculture, and will host more than 85,000 visitors and over 250 companies exhibiting in the agriculture industry, fertilizer, and food categories. India is one of the largest potash markets globally focusing on issues from commodity price inflation to farm subsidies, food and fertilizer supply security. Supported by Western Economic Diversification Canada, the Saskatchewan Trade & Export Partnership (STEP) will lead the Western Canadian Showcase in which the Company will be profiling the Milestone potash project as part of this delegation. The initiative highlights the Company’s ongoing effort to secure additional strategic investors and partnerships for Milestone. Western anticipates that the financing and development of Milestone will likely include the involvement of a multi-party consortium, with participation divided between a number of fertilizer industry players alongside financial institutions providing project finance. In pursuit of increased visibility, Agro Tech 2014 follows on the heels of Western’s recent participation in the 2014 World Fertilizer Conference in San Francisco in September of this year, the International Fertilizer Association Production & International Trade Conference in Beijing, China, also in September, and the IFA Crossroads Asia-Pacific 2014 in Singapore in October. As the Company continues to reach out to global fertilizer industry participants, Western’s technical and commercial teams have also hosted a series of in-house presentation sessions. The Company has provided access to the Milestone virtual data room to potential partners from the global industry with a focus on Asia and China, Japan and India in general. About Western Potash Western Potash Corp. is a development stage potash company focused on building Canada's most efficient potash solution mine. The Company intends to develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. A positive Feasibility Study for the Milestone potash project was completed in December 2012, demonstrating robust project metrics. ON BEHALF OF THE BOARD OF DIRECTORS J. Patricio Varas For more information and contact details for Agro Tech 2014, please contact Angela Aydon, Corporate Communications Manager, at (604) 689-9378. Cautions Regarding Forward-Looking Statements This news release includes certain statements and information that may contain forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including the likelihood of commercial mining, securing a strategic partner and financing requirements and the ability to fund future mine development are forward-looking statements and contain forward-looking information. Such forward-looking statements and forward-looking information specifically include, but are not limited to, statements concerning: Company plans at the Milestone Project; Company ability to fund the Milestone Project; the timing of granting of key permits; approval of the EIS; from the Study: the estimated potash production and the timing thereto, economic analyses, capital and operating costs, mine development programs, future potash prices, cash flow estimates, and economic indicators derived from the foregoing. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Western Potash to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including: the receipt of all necessary approvals; the ability to conclude a transaction; uncertainty of future production, capital expenditures and other costs; financing and additional capital requirements; the receipt in a timely fashion of any further permitting for the Milestone Project; legislative, political, social or economic developments in the jurisdictions in which Western Potash carries on business; operating or technical difficulties in connection with mining or development activities; and the risks normally involved in the exploration, development and mining business. Although management of Western Potash has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward looking information. Western Potash does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance with applicable securities laws. ![]() November 18, 2014 Vancouver BC – Western Potash Corp. (WPX: TSX) (FSE: AHE) (the “Company”) is pleased to announce that, effective today, Mr. Wang Hui has agreed to join the Western Potash board of directors. As the newly appointed CEO, President and Party Secretary of China BlueChemical Ltd., and also the new chairman of CBC (Canada) Holding Corp. (“CBC“), he will replace Mr. Yang Yexin on the Board of Directors of Western Potash, as CBC’s nominee and representative. Mr. Yang Yexin resigned from the position of CEO of China BlueChemical Ltd. as a result of a corporate restructuring process. Western Potash thanks Mr. Yang for his long-term support and dedicated service as a board member. Mr. Wang, born in 1964, graduated from Jilin University in 1987 with a bachelor’s degree, majoring in International Law. Mr. Wang obtained a master’s degree in Business Administration from Tsinghua University in 2004. From 1987 to 2009, Mr. Wang served the China National Chemical Construction Corporation, rising to the level of President and Party Secretary, in addition to an appointment to serve as business representative at the German representative office from June 1993 to October 1995. Mr. Wang served as the chairman of the board of directors and the Party Secretary of Shandong Haihua Group Co., Ltd. from 2009 to 2014. From 2010 to 2011 he also served as the deputy general manager of CNOOC Refinery & Petrochemicals and Sales Division. From March 2010 to October 2014, Mr. Wang served as a director of Shandong Haihua Company Limited. About Western Potash Western Potash Corp. is a development stage potash company focused on building Canada's most efficient potash solution mine. The Company intends to develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. A positive Feasibility Study for the Milestone potash project was completed in December 2012, demonstrating robust project metrics. ON BEHALF OF THE BOARD OF DIRECTORS J. Patricio Varas Cautions Regarding Forward-Looking Statements This news release includes certain statements and information that may contain forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including the likelihood of commercial mining, securing a strategic partner and financing requirements and the ability to fund future mine development are forward-looking statements and contain forward-looking information. Such forward-looking statements and forward-looking information specifically include, but are not limited to, statements concerning: Company plans at the Milestone Project; Company ability to fund the Milestone Project; the timing of granting of key permits; approval of the EIS; from the Study: the estimated potash production and the timing thereto, economic analyses, capital and operating costs, mine development programs, future potash prices, cash flow estimates, and economic indicators derived from the foregoing. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Western Potash to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including: the receipt of all necessary approvals; the ability to conclude a transaction; uncertainty of future production, capital expenditures and other costs; financing and additional capital requirements; the receipt in a timely fashion of any further permitting for the Milestone Project; legislative, political, social or economic developments in the jurisdictions in which Western Potash carries on business; operating or technical difficulties in connection with mining or development activities; and the risks normally involved in the exploration, development and mining business. Although management of Western Potash has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward looking information. Western Potash does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance with applicable securities laws. ![]() May 27, 2014 May 27, 2014 – Vancouver BC – Western Potash Corp. (“the Company”) has successfully negotiated the purchase of an eleven kilometer pipeline right-of-way that runs from the City of Regina Waste Water Treatment Plant (“RWWTP”) to the TransGas natural gas storage caverns, located less than thirty kilometers from the Milestone Potash Project site. Acquiring this right-of-way was important because of the increasing commercial, industrial and residential development in the area. The Company negotiated the rights with TransGas Limited, a natural gas storage and transmission company. TransGas Limited is a wholly owned subsidiary of SaskEnergy Incorporated, a Crown corporation of the Saskatchewan provincial government. The right-of-way will facilitate the construction of a 30 inch pipeline within the existing right-of-way corridor to transport process water from the RWWTP to the Milestone Potash Project site. About Western Potash Corp. Western Potash Corp. is a development stage company focused on building Canada's most efficient potash solution mine. A positive Feasibility Study for the Milestone Project was completed in December 2012. ON BEHALF OF THE BOARD OF DIRECTORS J. Patricio Varas Forward-Looking Statement Except for statements of historical fact relating to Western Potash, certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to completion of the proposed processed water pipeline, future financing availability, the Milestone Feasibility Study, timelines for completion of various steps related to the foregoing; and the ability of Western Potash to develop the Milestone Project. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “subject to”, “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Western Potash to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including: the receipt of all necessary approvals; the ability to conclude a transaction; uncertainty of future production, capital expenditures and other costs; financing and additional capital requirements; the receipt in a timely fashion of any further permitting for the Milestone Project; legislative, political, social or economic developments in the jurisdictions in which Western Potash carries on business; operating or technical difficulties in connection with mining or development activities; and the risks normally involved in the exploration, development and mining business. Although management of Western Potash has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Western Potash does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance with applicable securities laws. ![]() April 10, 2014 Vancouver BC - Western Potash Corp. (WPX: TSX) (FSE: AHE) (the “Company”) would like to clarify its current land position in response to current media reports. Western Potash has leased freehold potash mineral rights within the Rio Tinto (Joint Venture with North Atlantic Potash Inc) Exploration permit KP 405, which is located immediately adjacent to the Milestone Property in Southern Saskatchewan. Within KP 405, the Company holds 100% of 20,523 Hectares of land (50,323 Acres) on 46 parcels of land. Additionally, the Company controls less than 100% interest on 49 parcels of land, totaling 3,588 Hectares (8,866 Acres). The Company controls a total of 24,111 Hectares (59,189 Acres) within the Exploration permit KP 405. These leases are valid for ten years, from the execution date, with an option to extend for an additional ten year term. The potash royalty within these leases is pursuant to the provisions of the Subsurface Mineral Regulations, 1960, Sask Reg. 541-67, as amended from time to time under The Crown Minerals Act (Saskatchewan). About Western Potash Corp. Western Potash Corp. is a development stage potash company focused on building Canada's most efficient potash solution mine. The Company intends to develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. A positive Feasibility Study for the Milestone potash project was completed in December 2012, demonstrating robust project metrics. ON BEHALF OF THE BOARD OF DIRECTORS J. Patricio Varas Cautions Regarding Forward-Looking Statements Except for statements of historical fact relating to Western Potash, certain information contained herein may constitute “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to future validity of leases, future financing availability, the Milestone Feasibility Study, timelines for completion of various steps related to the foregoing; and the ability of Western Potash to develop the Milestone Project. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “subject to”, “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Western Potash to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including: the receipt of all necessary approvals; the ability to conclude a transaction; uncertainty of future production, capital expenditures and other costs; financing and additional capital requirements; the receipt in a timely fashion of any further permitting for the Milestone Project; legislative, political, social or economic developments in the jurisdictions in which Western Potash carries on business; operating or technical difficulties in connection with mining or development activities; and the risks normally involved in the exploration, development and mining business. Although management of Western Potash has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Western Potash does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance with applicable securities laws. ![]() February 27, 2014 Vancouver BC – Western Potash Corp. (WPX: TSX) (FSE: AHE) (“the Company”) is pleased to announce that its shareholders approved all items put before them at the Company’s Annual and Special General Meeting held February 25th, 2014. The items approved include as follows: The reappointment of A. Chan and Company, Chartered Accountants as auditors at a remuneration to be fixed by the directors; Fixed the number of directors of the Company at 7; The election of J. Patricio Varas, Patrick Power, David Hodge, Troy Nikolai, Buddy Doyle, Peter Miles and Yexin Yang to the Board. Of the approximately 51 million shares voted at the meeting by ballot and by proxy, the approximate number of those votes ‘For’ each director, and the approximate percentage of the total votes cast, are as follows: J. Patricio Varas (49.5 million votes / 97%), Patrick Power (49.5 million votes / 97%), David Hodge (49.6 million votes / 97%), Troy Nikolai (49.5 million votes / 97%), Buddy Doyle (49.6 million votes / 97.1%) and Peter Miles (49.6 million votes / 97%) Yexin Yang (50.7 million votes/ 99.2%). About Western Potash Western Potash Corp. is a development stage potash company focused on building Canada's most efficient potash solution mine. The Company intends to develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. A positive Feasibility Study for the Milestone potash project was completed in December 2012, demonstrating robust project metrics. For more information on Western Potash Corp.’s projects, please visit the Company’s website at: www.westernpotash.com. ON BEHALF OF THE BOARD OF DIRECTORS J. Patricio Varas Cautions Regarding Forward-Looking Statements Except for statements of historical fact relating to Western Potash, certain information contained herein may constitute “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to future validity of leases, future financing availability, the Milestone Feasibility Study, timelines for completion of various steps related to the foregoing; and the ability of Western Potash to develop the Milestone Project. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “subject to”, “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Western Potash to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including: the receipt of all necessary approvals; the ability to conclude a transaction; uncertainty of future production, capital expenditures and other costs; financing and additional capital requirements; the receipt in a timely fashion of any further permitting for the Milestone Project; legislative, political, social or economic developments in the jurisdictions in which Western Potash carries on business; operating or technical difficulties in connection with mining or development activities; and the risks normally involved in the exploration, development and mining business. Although management of Western Potash has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Western Potash does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance with applicable securities laws. ![]() September 13, 2013 Vancouver BC – Western Potash Corp. (WPX: TSX) (FSE: AHE) (“the Company”) has granted a total of 11,240,000 stock options to directors, officers, employees and consultants under its Stock Option Plan at an exercise price of $0.45 per share. All options will expire in no more than five years from the date of grant. In addition, the Company is pleased to announce that its shareholders approved all items put before them at the Company’s Annual and Special General Meeting held February 26, 2013. The items approved include as follows:
About Western Potash Western Potash Corp. is a development stage potash company focused on building Canada's most efficient potash solution mine. The Company intends to develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. A positive Feasibility Study for the Milestone potash project was completed in December 2012, demonstrating robust project metrics. ON BEHALF OF THE BOARD OF DIRECTORS J. Patricio Varas Cautions Regarding Forward-Looking Statements Except for statements of historical fact relating to Western Potash, certain information contained herein may constitute “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to future validity of leases, future financing availability, the Milestone Feasibility Study, timelines for completion of various steps related to the foregoing; and the ability of Western Potash to develop the Milestone Project. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “subject to”, “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Western Potash to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including: the receipt of all necessary approvals; the ability to conclude a transaction; uncertainty of future production, capital expenditures and other costs; financing and additional capital requirements; the receipt in a timely fashion of any further permitting for the Milestone Project; legislative, political, social or economic developments in the jurisdictions in which Western Potash carries on business; operating or technical difficulties in connection with mining or development activities; and the risks normally involved in the exploration, development and mining business. Although management of Western Potash has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Western Potash does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance with applicable securities laws. ![]() June 20, 2013 Vancouver, June 20th, 2013 – Western Potash Corp. (“Western” or the “Company”) is pleased to confirm that the previously announced strategic investment by China BlueChemical Ltd., (“China Blue”) and Benewood Holdings Corporation (“Benewood”), through a joint venture company, CBC (Canada) Holding Corp. (“CBCHC”), has been completed (the “Transaction”). Western has issued to CBCHC approximately 45 million common shares at a price of $0.71 for proceeds of C$ 31,979,022, which represents a 19.9% ownership stake in the Company on a non-diluted basis. China Blue is a majority owned subsidiary of China National Offshore Oil Corporation (“CNOOC”) and Benewood is a wholly owned subsidiary of GUOXIN International Investment Corporation Limited (“GUOXIN”), a financial investment company registered in Hong Kong. Pursuant to the subscription agreement for the Transaction dated June 1, 2013, as amended June 20, 2013 (together, the “Subscription Agreement”), CBCHC received a right to appoint one Board of Directors nominee and consequently, Mr. Yang Yexin is welcomed to Western’s Board of Directors (the “Board”). Mr. Yang has been an Executive Director & Chief Executive Officer & President of China Blue since 2006. He joined the CNOOC group in 1978 and served as a mechanical engineer and as the deputy head of the mechanics division of China Offshore Oil Southern Drilling Company, the deputy general manager of CNOOC Nanhai West CPEC (Shekou) Company; the general manager of CNOOC Shipping Company and other various positions in the CNOOC Group. Mr. Yang graduated from Wuhan Communication Technology University in 1978 with a major in Vessel Engineering and obtained a Master’s degree in Business Management from China University of Petroleum (Beijing) in 2004. As previously announced, Western and CBCHC have signed an off-take term sheet whereby CBCHC or a purchaser designated by it will enter into an off-take agreement for the purchase of the lesser of 30% or 1 million tonnes of potash annually from Western’s Milestone potash project for a term of 20 years. Pricing of product sold under the agreement will be based on market terms. Upon completion today of CBCHC’s strategic investment and pursuant to the Subscription Agreement, the parties will form and jointly staff three working committees within 30 days. A Technical Committee and a Finance Committee will be formed, both of which will be made up of three members from Western and three members from CBCHC. In addition, the Chief Executive Officer and an individual holding a senior management position in each of the Parties will form a Supervisory Committee. The mandate of the Technical Committee will involve providing recommendations for technical, construction and procurement inputs for the Milestone potash project. The Finance Committee is to be responsible for developing, evaluating and recommending potential project financing strategies, communicating with potential project finance providers and evaluating the terms of proposals received from such providers. The Supervisory Committee will oversee both of these committees. In addition, Mr. Zhimao Ma, Senior Engineer and General Manager of Legal and Assets Management Department of China Blue has been appointed a non-voting observer status to the Board. Mr. Ma brings deep potash and fertilizer commercial experience from the sector as well as a sound M&A and analytical background in the potash space. Pursuant to the Subscription Agreement, two senior staff members will be seconded to Western by CBCHC; the Western team will welcome one technical engineering staff member and one finance specialist staff member. Mr. Patricio Varas, President and CEO of Western commented: “after two years of working together with China Blue we have reached what we believe is a comprehensive strategic investment as it strengthens our financial position and provides a vision for the path forward. The Transaction has involved a significant amount of due diligence and long hours of work from both our teams. We are very happy to welcome Mr. Yang to the Board and we will definitely benefit from his extensive plant building and operating experience both at China Blue and CNOOC. In addition, Mr. Varas stated, “With the Subscription Agreement, I believe CBCHC and Western have created a formidable alliance and we can now look to completing the work already underway in arranging and putting together the financial pieces that will make the building of the Milestone Project a reality”. About Western Potash Corp. Western Potash Corp. is a development stage potash company focused on building Canada's most efficient potash solution mine. The Company intends to develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. A positive Feasibility Study for the Milestone potash project was completed in December 2012, demonstrating robust project metrics. ON BEHALF OF THE BOARD OF DIRECTORS J. Patricio Varas Cautions Regarding Forward-Looking Statements Except for statements of historical fact relating to Western, certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to: plans for formation of the Technical, Financing and Supervisory Committees, secondment of CBCHC staff members and entering into an off-take agreement with CBCHC or its designated purchaser; and the ability of Western to finance and develop the Milestone project. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Western to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including: uncertainty of future production, capital expenditures and other costs; financing and additional capital requirements for development and construction of the Milestone project; the receipt in a timely fashion of further permitting for the Milestone project; legislative, political, social or economic developments in the jurisdictions in which Western carries on business; operating or technical difficulties in connection with mining or development activities; and the risks normally involved in the exploration, development and mining business. Although management of Western has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Western does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. ![]() June 2, 2013 VANCOUVER, June 2, 2013 – Western Potash Corp (“Western” or the “Company”) (TSX: WPX) today announced that China BlueChemical Ltd. (“China Blue”) (3983: HK) and Benewood Holdings Corporation Limited (“Benewood”), through a joint venture company, CBC (Canada) Holding Corp. (“CBCHC”), have agreed to make a strategic equity investment of C$ 31,979,022 in Western at a price of $0.71 per common share for a total of 45,040,876 newly issued common shares, which will result in CBCHC holding a 19.9% ownership stake in the Company on a non-diluted basis. The issue price represents a 15% premium over the 20 day volume weighted moving average. China Blue is a majority owned subsidiary of China National Offshore Oil Corporation (“CNOOC”), the largest offshore oil and gas producer in China. Benewood is a wholly owned subsidiary of GUOXIN International Investment Corporation Limited, a financial investment company registered in Hong Kong (“Guoxin”). Mr. Patricio Varas, CEO of Western commented, “This investment is a testament to CBCHC’s confidence in the positive business climate in Saskatchewan, the exceptional nature of the Milestone deposit and Western’s team. Our strategic alliance with China Blue and Guoxin will provide Western with access to project financing, technical expertise in large-scale project construction and marketing channels for future potash sales. ” In addition, Western and CBCHC have agreed to an off-take term sheet under which CBCHC or a purchaser designated by it will enter into an off-take agreement for the purchase of the lesser of 30% or 1 million tonnes of potash annually from Western’s Milestone project for a 20 year term. The off-take agreement will automatically extend for five-year periods unless either party elects not to extend. CBCHC has a right to appoint one nominee to the board of directors of Western pursuant to the investment agreement. Closing of the private placement is subject to customary closing conditions including the approval of the Toronto Stock Exchange. It is anticipated that the closing will take place on or about June 14, 2013. About Western Western Potash Corp. is a development stage potash company focused on building Canada's most efficient potash solution mine, with commercial production expected to commence, subject to financing, in 2016. The Company intends to develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. A positive Feasibility Study for the Milestone Project was completed in December 2012, demonstrating robust project metrics. ON BEHALF OF THE BOARD OF DIRECTORS J. Patricio Varas Cautions Regarding Forward-Looking Statements Except for statements of historical fact relating to Western Potash, certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to: closing of the investment by CBCHC; entering into an off-take agreement with CBCHC; and the ability of Western Potash to develop the Milestone Project. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Western to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including: the receipt of all necessary approvals; the ability to conclude a transaction; uncertainty of future production, capital expenditures and other costs; financing and additional capital requirements for development and construction of the Milestone project; the receipt in a timely fashion of further permitting for the Milestone Project; legislative, political, social or economic developments in the jurisdictions in which Western Potash carries on business; operating or technical difficulties in connection with mining or development activities; and the risks normally involved in the exploration, development and mining business. Although management of Western Potash has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Western does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. ![]() April 8, 2013 Vancouver BC – Western Potash Corp. - In accordance with the requirements of section 5.2 of MI 62-104 and section 3.1 of NI 62-103, Western Potash Corp. announces that, through conversion of a debenture with the Company, Western received 4,238,095 common shares of the Company. Western also acquired 2,166,667 shares of the Company and 1,083,333 warrants of the Company in a private placement. Both the debenture conversion and the private placement (together the “Transaction”) completed on the Listing of the Company on the TSX Venture Exchange on April 3, 2013. Western now, combined with its prior shares, owns directly a total of 9,895,674 shares of the Company representing approximately 30.65% of the outstanding issued share capital of the Company (plus 1,083,333 warrants with an exercise price of $0.45 expiring March 28, 2015). On a partially diluted basis the shares and warrants of Western would, upon exercise of the warrants, together represent approximately 32.9% of the then outstanding issued share capital in the Company. Western does not control, directly or indirectly, any additional shares or securities of the Company. The purpose of the Transaction was to, in part, assist with the listing and development of the Company so as to seek to increase the liquidity and market value of Western’s shareholdings and debenture (after conversion) in the Company. Western anticipates that the Transaction will assist it in helping to meet its corporate mandate by increasing shareholder value in the long term. The shares owned and acquired by Western were all acquired privately by way of a debenture conversion and a private placement with the Company and not on any stock exchange or other marketplace. The consideration for each private placement unit was $0.30 per Unit, while the shares initially received on conversion of the debenture were converted under the terms of the previously existing debenture at $0.35 per share. As of the date hereof, Western does not intend to increase its ownership of, or control or direction over, any of the securities of the Company. Further details on the Listing of the Company are set out in its news release dated April 2, 2013. The Company is listed on the TSX Venture Exchange under the symbol “DHR”. A copy of the underlying report as filed with the regulatory authorities may be obtained from the Company at 1818-701 West Georgia St, Vancouver, B.C., V7Y 1C6. ON BEHALF OF THE BOARD OF DIRECTORS J. Patricio Varas Cautions Regarding Forward-Looking Statements Except for statements of historical fact relating to Western Potash, certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to: closing of the investment by CBCHC; entering into an off-take agreement with CBCHC; and the ability of Western Potash to develop the Milestone Project. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Western to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including: the receipt of all necessary approvals; the ability to conclude a transaction; uncertainty of future production, capital expenditures and other costs; financing and additional capital requirements for development and construction of the Milestone project; the receipt in a timely fashion of further permitting for the Milestone Project; legislative, political, social or economic developments in the jurisdictions in which Western Potash carries on business; operating or technical difficulties in connection with mining or development activities; and the risks normally involved in the exploration, development and mining business. Although management of Western Potash has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Western does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws. ![]() April 3, 2013 Vancouver, B.C. - Western Potash Corp. (WPX: TSX) (FSE: AHE) (the “Company”) is pleased to announce the Saskatchewan Ministry of Environment (“MOE”) has issued Environmental Assessment (“EA”) Approval for the Milestone Solution Potash Mine project. The EA Approval covers all components of the mine facility including the use of City of Regina treated effluent as the industrial water source for the project. “Environmental Assessment Approval is the final major deliverable required to advance the Milestone Project through financing and into construction. We are extremely pleased to have delivered this important milestone, critical to the development of our World Class project. The Company appreciates the diligent work completed by the Saskatchewan Ministry of Environment and other Government of Saskatchewan officials” commented Patricio Varas, President and CEO of Western Potash Corp. The EA approval is the culmination of three years of high quality work carried out by Golder Associates and Canada North Environmental Services in collaboration with Western’s environment and community engagement professionals and community stakeholders. The Company began work on the EA approval process in early 2010, when it began drafting its Environmental Impact Statement (“EIS”). The EIS is the main initial environmental report submitted by a mining company to the government as part of the EA Approval process. The EIS was finalized and submitted to the MOE in January 2013. A mandatory 30-day public review period closed on March 4, 2013. Based on the EIS and public input, the Minister of Environment provided the EA approval to Western Potash on March 28, 2013. The EA approval allows Western Potash to advance the Milestone Project to permitting and construction, which, subject to financing, is anticipated to commence in mid 2013. Utility providers will be responsible for permitting of power, gas and telecommunications facilities. About Western Potash Western Potash Corp. is a development stage potash company focused on building Canada's most efficient potash solution mine, with commercial production expected to commence, subject to financing, in 2016. The Company intends to develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. A positive Feasibility Study for the Milestone Project was completed in December 2012, demonstrating robust project metrics. J. Patricio Varas Cautions Regarding Forward-Looking Statements Except for statements of historical fact relating to Western Potash, certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to future financing availability, the Milestone Feasibility Study, timelines for completion of various steps related to the foregoing; and the ability of Western Potash to develop the Milestone Project. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “subject to”, “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Western Potash to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including: the receipt of all necessary approvals; the ability to conclude a transaction; uncertainty of future production, capital expenditures and other costs; financing and additional capital requirements; the receipt in a timely fashion of any further permitting for the Milestone Project; legislative, political, social or economic developments in the jurisdictions in which Western Potash carries on business; operating or technical difficulties in connection with mining or development activities; and the risks normally involved in the exploration, development and mining business. Although management of Western Potash has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Western Potash does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance with applicable securities laws. ![]() February 5, 2013 Vancouver BC – Western Potash Corp. (WPX: TSX) (FSE: AHE) (“the Company”) is pleased to announce that the Saskatchewan Ministry of Environment (the “MOE”) has initiated the 30 day public review phase on the Environmental Impact Statement (“EIS”) for the proposed Milestone Solution Potash Mine (the “Milestone Project”). A draft EIS was submitted to the MOE on August 31, 2012 and is the culmination of over two years of environmental data collection, analysis and reporting. Following a review by Government technical reviewers, Western Potash finalized the EIS and submitted it to the MOE in late January 2013. The EIS will now be available from the MOE for public review and comment, starting on February 4, 2013. Following the public review period the Minister of Environment will provide an Environmental Assessment decision regarding the Milestone Project. Western Potash Corp anticipates this decision in quarter 1 of 2013. Project construction permitting can be initiated assuming a positive decision from the MOE. About Western Potash Western Potash Corp. is a development stage potash company focused on building Canada's most efficient potash solution mine, with commercial production expected to commence in 2016. The Company intends to develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. A positive Feasibility Study for the Milestone Project was completed in December 2012, demonstrating robust project metrics. Western Potash Corp. has engaged Network IR to provide investor relations and marketing services. Network IR is a Vancouver based marketing firm founded by Andrew Mugridge and Benjamin Curry. Network IR will perform services that include active outreach to the investment community focusing on enhancing the Company's exposure to industry stakeholders and investors. Network IR will be paid a monthly fee of $7,500 for services rendered. ON BEHALF OF THE BOARD OF DIRECTORS J. Patricio Varas Cautions Regarding Forward-Looking Statements Western Potash cautions the reader that there is no guarantee that any of the matters set out above, including the EIS, are in full compliance with the requirements of the MOE, will completely meet their expected uses, or be accepted by the MOE for its purposes or meet all of its requirements. Except for statements of historical fact relating to Western Potash, certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the EIS and the Milestone Feasibility Study, timelines for completion of various steps related to the foregoing; and the ability of Western Potash to develop the Milestone Project. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Western Potash to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including: the receipt of all necessary approvals; the ability to conclude a transaction; uncertainty of future production, capital expenditures and other costs; financing and additional capital requirements; the receipt in a timely fashion of any further permitting for the Milestone Project; legislative, political, social or economic developments in the jurisdictions in which Western Potash carries on business; operating or technical difficulties in connection with mining or development activities; and the risks normally involved in the exploration, development and mining business. Although management of Western Potash has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Western Potash does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance with applicable securities laws. ![]() January 25, 2013 January 25th, Vancouver BC – Western Potash Corp. (WPX: TSX) (FSE: AHE) (“the Company”) announced today that it will hold an annual and special meeting of shareholders (the "AGM") on February 26, 2013. The record date for shareholders entitled to vote at the AGM has been set as shareholders of record as at the close of business on January 22, 2013. The Company also announced today the approval by its board of directors of an Advance Notice Policy (the "Policy"), which Policy, among other things, includes a provision that requires advance notice to the Company in circumstances where nominations of persons for election to the board of directors are made by shareholders of the Company other than pursuant to: (i) a "proposal" made in accordance with Division 7 of the Business Corporations Act (British Columbia) (the "Act"); or (ii) a requisition of the shareholders made in accordance with section 167 of the Act. Among other things, the Policy fixes a deadline by which holders of record of common shares of the Company must submit director nominations to the Secretary of the Company prior to any annual or special meeting of shareholders and sets forth the specific information that a shareholder must include in the written notice to the Secretary of the Company for an effective nomination to occur. No person will be eligible for election as a director of the Company unless nominated in accordance with the provisions of the Policy. In the case of an annual meeting of shareholders, notice to the Company must be made not less than 30 nor more than 65 days prior to the date of the annual meeting; provided, however, that in the event that the annual meeting is to be held on a date that is less than 50 days after the date on which the first public announcement of the date of the annual meeting was made by the Company, notice may be made not later than the close of business on the 10th day following such public announcement. In the case of a special meeting of shareholders (which is not also an annual meeting), notice to the Company must be made not later than the close of business on the 15th day following the day on which the first public announcement of the date of the special meeting was made. The Policy is effective and in full force and effect as of the date it was approved. In accordance with the terms of the Policy, the Policy will be put to shareholders of the Company for approval at the AGM, and if the Policy is not confirmed at the meeting by ordinary resolution of shareholders, the Policy will terminate and be of no further force and effect following the termination of the AGM. The date of the AGM is less than 60 days from the date hereof and, accordingly, any director nominations for the AGM must be received by the Company in compliance with the Policy no later than the close of business on February 7, 2013. Patricio Varas (CEO and President) commented, "The purpose of the Advance Notice Policy is to provide shareholders, directors and management of the Company with a clear framework for nominating directors. This Policy will facilitate an orderly and efficient meeting, process, ensure that all shareholders receive adequate notice of the director nominations and sufficient information with respect to all nominees; and will allow shareholders to register an informed vote having been afforded reasonable time for appropriate deliberation.” The full text of the Policy will be available via SEDAR at www.sedar.com or upon request by contacting the Company at (604) 689-9378 or by email at jcostigan@westernpotash.com. About Western Potash Corp. Western Potash Corp. is a development stage potash company focused on building Canada's most efficient potash solution mine, with commercial production expected to commence in 2016. The Company intends to develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. A positive Feasibility Study for the Project was completed in December 2012, demonstrating robust project metrics. In addition, the Company anticipates Environmental Assessment approval in the first quarter of 2013. For more information on Western Potash Corp.’s projects, please visit the Company’s website at: www.westernpotash.com ON BEHALF OF THE BOARD OF DIRECTORS J. Patricio Varas Forward-Looking Statement This news release includes certain statements and information that may contain forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, are forward-looking statements. Such forward-looking statements and forward-looking information specifically include, but are not limited to, statements concerning: meeting dates, Company plans at the Project; Company ability to finance the Milestone Project and the timing of granting of key permits. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Western Potash to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including: the receipt of all necessary approvals; the ability to conclude a transaction; uncertainty of future production, capital expenditures and other costs; financing and additional capital requirements; the receipt in a timely fashion of any further permitting for the Milestone Project; legislative, political, social or economic developments in the jurisdictions in which Western Potash carries on business; operating or technical difficulties in connection with mining or development activities; and the risks normally involved in the exploration, development and mining business. Although management of Western Potash has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward looking information. Western Potash does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance with applicable securities laws. ![]() January 22, 2013 January 22nd, 2013, Vancouver BC – Western Potash Corp. (WPX: TSX) (FSE: AHE) ("the Company") is pleased to announce that UBS Securities Canada Inc. ("UBS") has been engaged to assist the Company in the process of evaluating alternatives related to securing financing for the development of its 100% owned Milestone property in southern Saskatchewan, Canada (the “Project”). Patricio Varas (CEO and President) commented, "Now that the Company’s Feasibility Study for the Milestone Project has been released, our focus is on identifying and reviewing various alternatives in order to secure the financial commitments required to proceed with the Project, including mine construction. We believe Milestone is a compelling project that’s attracting global attention. UBS brings considerable experience in arranging and structuring financial solutions for companies with major capital-intensive projects.” The Company is pleased to announce the receipt of an updated NI 43-101 Technical Report titled NI 43-101 Technical Report Summarizing the Feasibility Study for a Potash Solution Mine on the Milestone Project (Subsurface Mineral Lease KLSA 008), Saskatchewan. The Company confirms that this Report was filed on SEDAR on January 18, 2013. The Technical Report includes an updated reserve and resource estimate, and a summary of the Feasibility Study (“the Study”) that was summarized via news release dated December 6, 2012. The Study confirmed that the asset is of sufficient size and grade to support primary and secondary potash solution mining for more than 40 years at an ultimate production rate of 2.8Mt/yr. The Study reports an after-tax project Net Present Value (“NPV”) of $2.44B CAD, with an Internal Rate of Return (“IRR”) of 18.6 % assuming a nominal discount rate of 10%. About Western Potash Corp. Western Potash Corp. is a development stage potash company focused on building Canada's most efficient potash solution mine, with commercial production expected to commence in 2016. The Company anticipates Environmental Assessment approval in the first quarter of 2013. The Company intends to develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. The in-house qualified persons for the purposes of NI 43-101 guidelines are J. Patricio Varas, P. Geo and Dean Pekeski, P. Geo, both of whom have reviewed and approved the contents of this news release. There can be no assurance that any financial transaction will occur and there is no defined timeline for the process. In addition, the Company does not intend to make any further announcements regarding the process until the Board of Directors has approved a specific transaction or otherwise deems that disclosure of developments is warranted. For more information on Western Potash Corp.’s projects, please visit the Company’s website at: www.westernpotash.com. ON BEHALF OF THE BOARD OF DIRECTORS J. Patricio Varas Cautions Regarding Forward-Looking Statement This news release includes certain statements and information that may contain forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including the likelihood of commercial mining, the likelihood of securing a strategic partner, the requirements and potential output of the Project and the ability to finance future mine development are forward-looking statements. Such forward-looking statements and forward-looking information specifically include, but are not limited to, statements concerning: Company plans at the Project; Company ability to finance the Milestone Project; the timing of granting of key permits, and, from the Study: the estimated potash production and the timing thereto; economic analyses; capital and operating costs; mine development programs; future potash prices; cash flow estimates; and economic indicators derived from the foregoing. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Western Potash to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including: the receipt of all necessary approvals; the ability to conclude a transaction; uncertainty of future production, capital expenditures and other costs; financing and additional capital requirements; the receipt in a timely fashion of any further permitting for the Milestone Project; legislative, political, social or economic developments in the jurisdictions in which Western Potash carries on business; operating or technical difficulties in connection with mining or development activities; and the risks normally involved in the exploration, development and mining business. Although management of Western Potash has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward looking information. Western Potash does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance with applicable securities laws. ![]() December 6, 2012 December 6th, 2012, Vancouver BC – Western Potash Corp. (WPX: TSX) (FSE: AHE) (“the Company”) is pleased to announce the receipt of a positive Feasibility Study (the “Study”) from AMEC Americas Limited (“AMEC”) on the Company’s 100% owned Milestone property in southern Saskatchewan (the “Project”). The Study confirms that the asset is of sufficient size and grade to support primary and secondary potash solution mining for more than forty years at an ultimate production rate of 2.8Mt/yr. The Study included detailed CAPEX and OPEX estimates with a production start up in 2016. The Study reports that the resulting after-tax project Net Present Value (“NPV”) is $2.44B CAD, with an Internal Rate of Return (“IRR”) of 18.6 % assuming a nominal discount rate of 10%. On a before tax basis, the Project yields an NPV of $3.6B CAD and an IRR of 21%. Patricio Varas, President and CEO commented “Our Project is in an enviable, low risk geopolitical and regulatory jurisdiction, which is a key advantage for developers that look for long-term investment predictability. The lower capital intensity of the Project combined with the plant’s efficient operations and high throughput produce a project with attractive rates of return and significant free cash flow. These factors, coupled with the detailed scope of project evaluation, the size and grade of the deposit, and the project development expertise of the management team, presents a unique opportunity for investors and developers to secure an economical, reliable and long term supply of potash.” The economic analysis performed in the Study was based on the following assumptions: The Study includes all facilities required to operate a potash solution mine, including: cavern and wellfield layout, two-train multiple effect evaporization-crystallization plant, dry processing plant, product storage, load out and all other necessary site infrastructure. This design, which was detailed to a sufficient level to allow the capital cost estimate to conform to AACE “Class 3” standard, can accommodate future production expansion. Table 1 and 2 evaluate the key economic sensitivities of the Project. Since the analysis is based on a cash flow estimate, actual financial results may vary from these predictions. Table 1. Project Potash Price, OPEX, and CAPEX Sensitivities Table 2. Project Discount Rate Sensitivities The Project has excellent access to all infrastructure, utilities, services, and is supported by a world class potash Reserve. Power, natural gas, water, and existing rail connections are readily available near the Project. All major technical and execution project risks have now been mitigated. Non-technical project risks, such as environment and political concerns, remain low. The Study was intended to provide a high degree of project definition, building on the Prefeasibility Study completed in September 2011. The Study included a solid set of engineering deliverables from AMEC, and consolidated input from other expert consultants including Whiting Equipment Canada Ltd (Process Design), Agapito Associates Inc. (Geology and Solution Mining), Impact Oilfield Management (Wellfield), Golder Associates (Environment and TMA), and KGS Group (Water Treatment). The Company was assisted by Novopro Projects Inc. who provided engineering oversight. AMEC is a leading international engineering and project management company that currently manages multiple potash development and expansion projects in Saskatchewan with a capital value of several billion dollars. AMEC was chosen to carry out the Study because of their technical expertise as engineers and EPCM contractors, as well as their experience in potash mine construction, potash processing and their expertise in producing potash feasibility studies. Summary of Reserve and Resource Update The Company is pleased to further announce that as a result of the mine plan and favorable economic results developed and presented in the Study, a portion of the previously reported Measured and Indicated Resources have been upgraded to Proven and Probable Reserves respectively. A summary of the results for Proven and Probable Reserves, and Measured, Indicated, and Inferred Resources within Crown and Leased Freehold Areas are presented in Tables 3 and 4. A detailed break-down of the Reserves and Resources will be included with the NI 43-101 report to be filed as required by Canadian securities regulators. Agapito Associates Inc. (“AAI”) have made estimates of the Resources and Reserves based on a Radius of Influence (ROI) similar to that applied by mine operators and peer group explorers working on solution mining properties in the region. The Resource and Reserve estimate was prepared in accordance with the requirements of NI 43-101 of the Canadian securities regulators. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Table 3. Proven and Probable Reserves within Crown and Leased Freehold Areas* * Search Radius of 800 m used for Proven and 1.6 km outside radius, 2.5 km inner radius (between drill holes) used for Probable; Mt = million tonnes; K2O cut-off grade = 15%; Density = 2.08 t/m3, KCl = 1.58303 K2O. Accounts for known geologic anomalies, unknown geologic anomalies (5% for Proven, 9% for Probable), and recoverable tonnages of KCl contained in caverns within the search radius. Accounts for 87.3% cavern, and 93.5% plant KCl recoveries. Table 4. Measured, Indicated and Inferred Mineral Resource (exclusive of Reserves) within Crown and Leased Freehold Areas.* * Search Radius of 800 m used for Measured, 1.6 km outside radius, 2.5 km inner radius (between drill holes) used for Indicated, and 8.0 km radius used; for Inferred; Mt = million tonnes; K2O cutt-off grade = 15%; Density = 2.08 t/m3, KCl = 1.58303 K2O. The total Proven and Probable Reserves are sufficient to support mining at an annual rate of 2.8 Mt of KCl for 49 years, well beyond the mine plan contemplated in the Study. As commercial mining is initiated, the geological information from the ongoing wellfield drilling will be used to further define and expand the mineral Reserves and Resources. The Project Reserves and Resources have the potential to support an ongoing mining operation well into the next century. The updated Resource and Reserve estimate was prepared by AAI of Grand Junction, Colorado. AAI’s experience includes work for Intrepid Potash Inc. in the US, Rio Tinto and Vale at the PRC project in Argentina, and work for several prospective potash projects located in Saskatchewan.The Qualified persons for the Resource and Reserve Estimate were Dr. Michael P. Hardy, P.E (US), P.Eng. (SK), and Dr. Douglas F. Hambley, P.E. (US), P.Eng. (SK), P.G. (US). The Company will file an updated NI 43-101 Technical Report with Canadian securities regulators within 45 days of this release and will be available on SEDAR at www.sedar.com, and also on the Company's website at www.westernpotash.com. EIS Update Further to the news release issued on September 5, 2012, the Company wishes to provide an update on its Environmental Impact Statement (“EIS”) for the Project. The EIS was prepared and submitted to the Saskatchewan Ministry of Environment (“MOE”) in conformance with the Government of Saskatchewan’s “Environmental Assessment Act.” A review process of the EIS by the regulatory agencies is ongoing. Following a satisfactory technical review, the EIS will be posted on the MOE’s website and available for public review. The Company anticipates Environmental Assessment approval in the first quarter of 2013. About Western Potash Corp. Western Potash Corp. is a development company engaged in the evaluation, exploration and development of potash mineral properties in Western Canada. The Company intends to develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. The in-house qualified persons for the purposes of NI 43-101 guidelines are J. Patricio Varas, P. Geo and Dean Pekeski, P. Geo, both of whom have reviewed and approved the contents of this news release. For more information on Western Potash Corp.’s projects, please visit the Company’s website at: www.westernpotash.com ON BEHALF OF THE BOARD OF DIRECTORS J. Patricio Varas Forward-Looking Statement This news release includes certain statements and information that may contain forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including the likelihood of commercial mining, securing a strategic partner and financing requirements and the ability to fund future mine development are forward-looking statements. Such forward-looking statements and forward-looking information specifically include, but are not limited to, statements concerning: Company plans at the Milestone Project; Company ability to fund the Milestone Project; the timing of granting of key permits; approval of the EIS; from the Study: the estimated potash production and the timing thereto, economic analyses, capital and operating costs, mine development programs, future potash prices, cash flow estimates, and economic indicators derived from the foregoing. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Western Potash to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including: the receipt of all necessary approvals; the ability to conclude a transaction; uncertainty of future production, capital expenditures and other costs; financing and additional capital requirements; the receipt in a timely fashion of any further permitting for the Milestone Project; legislative, political, social or economic developments in the jurisdictions in which Western Potash carries on business; operating or technical difficulties in connection with mining or development activities; and the risks normally involved in the exploration, development and mining business. Although management of Western Potash has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward looking information. Western Potash does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance with applicable securities laws. ![]() November 30, 2012 VANCOUVER, BRITISH COLUMBIA - Western Potash Corp. (the "Company") (TSX: WPX FSE: AHE) has granted a total of 920,000 stock options to employees and consultants and 1,275,000 stock options to directors and officers under its Stock Option Plan at an exercise price of $0.45 per share. All options will expire in no more that five years from the date of grant. About Western Potash Western Potash Corp. is a mineral exploration company engaged in the evaluation, exploration and development of potash mineral properties in Western Canada. The Company intends to define and develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. For more information on Western Potash Corp.’s projects, please visit the Company’s website at: www.westernpotash.com . ON BEHALF OF THE BOARD OF DIRECTORS J. Patricio Varas ![]() November 27, 2012 November 27, 2012, Vancouver BC – Western Potash Corp. (WPX: TSX) (FSE: AHE) (“the Company”) is pleased to announce that, further to its press release dated June 26, 2012, a Definitive Agreement with the City of Regina was signed on November 26th securing the long term, economical and reliable source of process water for the Milestone Potash Project (“the Project”). Under the agreement the Company will have access to 60,000 cubic metres per day of treated effluent for the first 6 years and 42,240 cubic metres for the remaining 39 years. This amount is sufficient to satisfy the requirements for the solution mining process during the entire life of the mine. As part of the execution of the Agreement, Western paid the City of Regina a $500,000.00 Commitment Fee. Annual payments to the City of Regina will be worth more than $200 million throughout the Agreement’s term. The Company will fund the construction of the pipeline and associated infrastructure to deliver the effluent to the mine site located approximately 30km southeast of Regina. The diversion of effluent from southern Saskatchewan’s watershed will produce a net environmental benefit, while creating economic growth for the Province, making this partnership a true “win-win” for both parties. “This mutually beneficial agreement is another step towards Regina’s vision of a sustainable community," said Regina Mayor Michael Fougere. "The City of Regina will be compensated for treating a waste product while helping facilitate economic growth in one of Saskatchewan’s key sectors – potash development. In addition, downstream negative effects such as increased algae will also be alleviated, making this is a prime example how creative thinking and partnerships can yield a more promising future for everyone.” “Executing the Definitive Agreement with the City of Regina is a critical deliverable in progressing the Milestone Project,” says Western Potash Corp. President and CEO Patricio Varas. “Securing a long term, reliable water supply is a key component of the Feasibility Study and crucial to advancing the project on schedule.” The Milestone Feasibility Study is now drawing to a close with a completion date set for late November 2012. In addition, Western Potash Corp. remains involved in ongoing negotiations with numerous parties, any of which could lead to equity and debt financings, joint ventures, takeovers or other types of merger transactions to advance the development of the Milestone project. ON BEHALF OF THE BOARD OF DIRECTORS “J. Patricio Varas” J. Patricio Varas Forward-Looking Statement Western Potash cautions the reader that there is no guarantee that any of the matters set out above, including the future payments and planned construction set out in the Recycled Water Source Agreement (the “RWSA”), will be completed, or that the material terms and conditions of the RWSA will be met. Except for statements of historical fact relating to Western Potash, certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the RWSA and the Milestone Feasibility Study, timelines for completion of various steps related to the foregoing; and the ability of Western Potash to develop the Milestone Project. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Western Potash to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including: the receipt of all necessary approvals; the ability to conclude a transaction; uncertainty of future production, capital expenditures and other costs; financing and additional capital requirements; the receipt in a timely fashion of any further permitting for the Milestone Project; legislative, political, social or economic developments in the jurisdictions in which Western Potash carries on business; operating or technical difficulties in connection with mining or development activities; and the risks normally involved in the exploration, development and mining business. Although management of Western Potash has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Western Potash does not undertake to update any forward-looking statements or forward-looking information that is incorporated by reference herein, except in accordance with applicable securities. ![]() October 25, 2012 Vancouver BC – Western Potash Corp. (WPX: TSX) (FSE: AHE) (“the Company”) is pleased to announce that it has closed its previously announced private placement. The Company sold 20,000,000 units (the “Units”) at a price of $0.48 per Unit for aggregate gross proceeds to the Company of $9,600,000. Each Unit consists of one common share in the capital of the Company and one common share purchase warrant (a “Warrant”). Each warrant is exercisable at a price of $0.58 entitling the holder to purchase one common share of the Company at any time up to and including the close of business on October 24, 2015. The shares and warrants issued as a result of this private placement are subject to a four-month hold period with the period expiring the 25th of February 2013. The Company paid a 6% cash finder’s fee on a portion of the private placement in a total amount of $458,714. As previously announced, the size of the placement was reduced to comply with the TSE policy limiting a private placement to less than 25% of a company’s current issued and outstanding share capital, unless prior shareholder approval is obtained. Proceeds from the private placement are more than sufficient to fully support the completion the Milestone Feasibility Study in addition to Environmental Assessment approval expected in the first quarter of 2013. ON BEHALF OF THE BOARD OF DIRECTORS J. Patricio Varas Forward-Looking Statement Except for statements of historical fact relating to Western Potash, certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to timelines for completion of various steps related to the foregoing; and the ability of Western Potash to develop the Milestone Project. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Western Potash to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including: the receipt of all necessary approvals; the ability to conclude a transaction; uncertainty of future production, capital expenditures and other costs; financing and additional capital requirements; the receipt in a timely fashion of any further permitting for the Milestone Project; legislative, political, social or economic developments in the jurisdictions in which Western Potash carries on business; operating or technical difficulties in connection with mining or development activities; and the risks normally involved in the exploration, development and mining business. Although management of Western Potash has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Western Potash does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance with applicable securities laws. ![]() October 19, 2012 October 19, 2012, Vancouver BC – Western Potash Corp. (WPX: TSX) (FSE: AHE) (“the Company”) announces that it has completed its filing with the Toronto Stock Exchange for Conditional Approval of the private placement announced on October 1, 2012. The placement will be reduced from up to 31,250,000 units to a placement of up to 20,000,000 units. This reduction was carried out to comply with the Toronto Stock Exchange policy which limits unit private placements to less than 25% of a company’s current issued and outstanding share capital, unless that company had obtained prior shareholder approval for the placement. All other terms and conditions remain the same. The proceeds of the offering will be sufficient for the company to finalize the Feasibility Study, to deliver the environmental approvals, to complete all necessary permitting, as well as for general working capital purposes. Feasibility Study Update The Milestone Feasibility Study continues to progress on schedule and within the allocated budget. The Study is being completed by AMEC Americas Limited (“AMEC”). AMEC is a leading international engineering and project management company that currently manages multiple potash expansion projects in Saskatchewan with a capital value of several billion dollars. The Study is now more than 90% complete. Final drafting and reviewing of the document is proceeding. The funds raised as part of this current financing more than adequately support the completion of the Study. The Company anticipates a final review of the draft Study on or about November 15, 2012. The target completion date of the Study is set for late November 2012. Results from the Study will be announced immediately thereafter. The Company also intends to deliver an updated Resource and Reserve statement, currently being prepared by Agapito Associates Inc., coincident with this announcement. ON BEHALF OF THE BOARD OF DIRECTORS J. Patricio Varas Forward-Looking Statement Except for statements of historical fact relating to Western Potash, certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to timelines for completion of various steps related to the foregoing; and the ability of Western Potash to develop the Milestone Project. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Western Potash to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including: the receipt of all necessary approvals; the ability to conclude a transaction; uncertainty of future production, capital expenditures and other costs; financing and additional capital requirements; the receipt in a timely fashion of any further permitting for the Milestone Project; legislative, political, social or economic developments in the jurisdictions in which Western Potash carries on business; operating or technical difficulties in connection with mining or development activities; and the risks normally involved in the exploration, development and mining business. Although management of Western Potash has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward looking information. Western Potash does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance with applicable securities laws. ![]() October 1, 2012 October 1, 2012, Vancouver BC – Western Potash Corp. (WPX: TSX) (FSE: AHE) (“the Company”) announces that the Company has negotiated a $15,000,000 non-brokered private placement to sell up to 31,250,000 units (the “Units”) at a price of $0.48 per Unit. There is a 6% cash finder’s fee payable on the private placement. Each Unit will consist of one common share (a “Share”) and one share purchase warrant (the “Warrant”). The Warrant can be exercised to purchase one additional common share (a “Warrant Share”) at a price of $0.58 per share within 36 months of closing of the private placement. In accordance with securities legislation currently in effect, the Shares, the Warrants and the Warrant Shares will be subject to a “hold period” of four months plus one day from the date of issuance of the aforesaid securities. The proceeds of the private placement transaction will be used for the completion of the Feasibility Study, environmental and permitting expenditures, as well as, general working capital. For more information on Western Potash Corp.’s projects, please visit the Company’s website at: www.westernpotash.com ON BEHALF OF THE BOARD OF DIRECTORS J. Patricio Varas Cautions Regarding Forward-Looking Statements Western Potash cautions the reader that there is no guarantee that any of the matters set out above, including the EIS, are in full compliance with the requirements of the MOE, will completely meet their expected uses, or be accepted by the MOE for its purposes or meet all of its requirements. Except for statements of historical fact relating to Western Potash, certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the EIS and the Milestone Feasibility Study, timelines for completion of various steps related to the foregoing; and the ability of Western Potash to develop the Milestone Project. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Western Potash to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including: the receipt of all necessary approvals; the ability to conclude a transaction; uncertainty of future production, capital expenditures and other costs; financing and additional capital requirements; the receipt in a timely fashion of any further permitting for the Milestone Project; legislative, political, social or economic developments in the jurisdictions in which Western Potash carries on business; operating or technical difficulties in connection with mining or development activities; and the risks normally involved in the exploration, development and mining business. Although management of Western Potash has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward looking information. Western Potash does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance with applicable securities laws. ![]() September 5, 2012 September 5th, 2012, Vancouver BC – Western Potash Corp. (WPX: TSX) (FSE: AHE) (“the Company”) has submitted an Environmental Impact Statement (“EIS”) for the proposed Milestone potash solution mine, located approximately 30 km Southeast of Regina and 80 km Southeast of Mosaic’s Belle Plaine mining lease. The EIS was prepared and submitted to the Saskatchewan Ministry of Environment (“MOE”) in conformance with the Government of Saskatchewan’s “Environmental Assessment Act.” The EIS describes innovative features designed to minimize the potential impacts to the environment, while optimizing social and economic benefits to the local and regional communities. The EIS comprises a comprehensive series of coordinated studies that rely upon substantial data collection and analysis. The Baseline studies include the study of: wildlife, surface water quality, air quality, aquatic biota, soil, and vegetation with a focus on potential project-environment interactions, as well as, socio-economic components. The EIS includes records of all engagement meetings with the members of the local communities, the First Nations and Métis communities, and government and regulatory agencies. Once all necessary approvals are in place, the environmental monitoring and follow up programs will be outlined. Golder Associates Ltd. (“Golder”) of Saskatoon, Saskatchewan assisted Western Potash Corp. with the preparation of the EIS. Golder is an employee-owned, global company providing consulting, design, and construction services in earth, environment, and related areas of energy. Golder was chosen by the Company, because of their commitment to technical excellence and their experience with environmental assessment work for other potash projects in Saskatchewan. Canada North Environmental Services (“CanNorth”), an ISO 9001 and 14001 certified 100% Aboriginal owned company based in Saskatoon, provided environmental impact assessment expertise related to the Company’s option of using recycled water from the City of Regina. CanNorth was chosen due to their highly regarded specialty skills and extensive experience in and near the Project area. "In 2010, the Western Potash Corp. environmental team was put together at our Company offices in Regina, Saskatchewan, in order to prepare and facilitate the EIS work for the Milestone Project. Today, after a coordinated effort between all the regulatory agencies and our team we are pleased to be submitting a critical document that will go a long way to de-risking the Milestone Project and ultimately create lasting value for our shareholders.” Following a technical review by the regulatory agencies, the EIS will be input on the MOE’s website and available for public review. At present, Western Potash Corp. expects this to occur sometime in Q4 2012. Company Update The Milestone Project is being designed as a solution potash mine with a minimum of 40 years of mining at a full production rate of 2.8 million tonnes per year. In June 2012, the City of Regina approved Key Commercial Terms that will allow a large portion of the City’s treated sewage effluent to be diverted to the Milestone Project. “We know that effective water governance requires the involvement of a broad range of stakeholders. Western Potash Corp. is but one stakeholder. We recognize that the sustainable development of natural resources requires detailed attention to water use. Water has value in economic, social and environmental terms. The natural resource sector will continue to be the most significant user of water in Saskatchewan and we believe it falls to those natural resource development companies to demonstrate the kind of leadership and innovation that we hope will become more prevalent in industry. We at Western are planning a very innovative use of water in the development of our Potash Solution Mine.” The Milestone Feasibility Study is now drawing to a close with a completion date set for late November 2012. In addition, Western Potash Corp. remains involved in ongoing negotiations with numerous parties, any of which could lead to equity and debt financings, joint ventures, takeovers or other types of merger transactions to advance the development of the Milestone project. For more information on Western Potash Corp.’s projects, please visit the Company’s website at: www.westernpotash.com ON BEHALF OF THE BOARD OF DIRECTORS J. Patricio Varas Forward-Looking Statement Cautions Regarding Forward-Looking Statements Western Potash cautions the reader that there is no guarantee that any of the matters set out above, including the EIS, are in full compliance with the requirements of the MOE, will completely meet their expected uses, or be accepted by the MOE for its purposes or meet all of its requirements. Except for statements of historical fact relating to Western Potash, certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the EIS and the Milestone Feasibility Study, timelines for completion of various steps related to the foregoing; and the ability of Western Potash to develop the Milestone Project. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Western Potash to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including: the receipt of all necessary approvals; the ability to conclude a transaction; uncertainty of future production, capital expenditures and other costs; financing and additional capital requirements; the receipt in a timely fashion of any further permitting for the Milestone Project; legislative, political, social or economic developments in the jurisdictions in which Western Potash carries on business; operating or technical difficulties in connection with mining or development activities; and the risks normally involved in the exploration, development and mining business. Although management of Western Potash has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward looking information. Western Potash does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance with applicable securities laws. ![]() June 26, 2012 Vancouver BC – Western Potash Corp. (TSX: WPX) (FSE: AHE) (“the Company”) -- On Monday, June 25 the City of Regina approved the Key Commercial Terms (the “Agreement”) that will see a large portion of the City’s treated sewage effluent routed to Western Potash Corp.’s Milestone Potash mine site, located approximately 30 km Southeast of Regina and 80 km Southeast of Mosaic’s Belle Plaine mining lease. The Agreement, if paid out annually, is worth more than $200 million to the City of Regina over the 45 year term of the Agreement and will see up to 60,000 cubic metres of treated effluent diverted daily from the Regina wastewater treatment plant to the Milestone Potash Project mine site. The City of Regina, as the proponent of the Agreement, will operate the pump house and pipeline and will be responsible for obtaining all necessary environmental approvals. Western Potash will fund the capital costs associated with the construction of the pump house and pipeline. “Western Potash is delighted to have reached this Agreement with the City of Regina and is pleased to be working together to sustainably innovate the potash solution mining process,” says Western Potash Corp. President and CEO Patricio Varas. “There are certainly no other potash solution mines in the world utilizing treated waste water.” Once up and running, the Milestone Project will draw between 40% and 70% of the City of Regina‘s wastewater. This innovation is a win-win for everyone," said Acting Deputy Mayor Louis Browne. "Not only is the City of Regina now being compensated for treating a waste product, but we are facilitating economic growth in one of Saskatchewan’s key sectors: Potash development. In addition, downstream negative effects such as increased algae will also be alleviated, making this is a prime example how creative thinking and partnerships can yield a more promising future for everyone.” The Milestone Project holds 66.6 million tonnes of Measured recoverable resource (content and grade that can be measured with a high degree of accuracy); 186.9 million tonnes of Indicated recoverable resource (content and grade that can be measured with a reasonable level of accuracy); and 708.2 million tonnes of Inferred recoverable resource. The Milestone Project contains potash resources of sufficient size and grade to support solution mining for more than 40 years at a production rate of 2.8 million tonnes per year. The in-house qualified persons for the purposes of NI 43-101 guidelines are J. Patricio Varas, P. Geo and Dean Pekeski, P. Geo, both of whom have reviewed and approved the contents of this news release. About Western Potash Western Potash Corp. is a mineral exploration company engaged in the evaluation, exploration and development of potash mineral properties in Western Canada. The Company intends to develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. For more information on Western Potash Corp.’s projects, please visit the Company’s website at: www.westernpotash.com .
ON BEHALF OF THE BOARD OF DIRECTORS “J. Patricio Varas” J. Patricio Varas Forward-Looking Statement Except for statements of historical fact relating to the Company, certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the effect and estimated timeline of the drilling and assay results on the Company, the estimation of mineral reserves and mineral resources; the timing and amount of estimated future exploration; costs of exploration; capital expenditures; success of exploration activities; permitting time lines and permitting; government regulation of mining operations; environmental risks; unanticipated reclamation expenses; and title disputes or claims; Generally, 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", or "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". Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they 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 or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance with applicable securities laws. ![]() May 29, 2012 Vancouver, British Columbia -- Western Potash Corp. (the "Company") (TSX: WPX FSE: AHE) announces, that the Company has adopted a Shareholder Rights Plan Agreement (the "Agreement") dated March 26, 2012, with Computershare Trust Company of Canada for a term of three years. The Agreement has been accepted by the Toronto Stock Exchange and was ratified by the shareholders of the Company at the Company’s Annual and Special General Meeting held on March 26, 2012. The objective of the Board of Directors in adopting this Plan is to achieve full and fair value for the Company’s shareholders in the event of an unsolicited take-over bid for the Company. The Plan is intended to give the Board of Directors and the shareholders of the Company a reasonable amount of time to fully consider a bid if one is made, and to protect the shareholders from unfair, abusive or coercive take-over strategies. By virtue of the Plan’s implementation, anyone seeking to obtain control of the Company will be encouraged to negotiate with the Board of Directors prior to attempting a take-over, or to proceed by way of a “Permitted Bid”. Further information, including a summary of the Plan, and the full Plan, can be found on SEDAR at www.sedar.com under the headings ‘Proxy Circular’ and ‘Other’. The Company is not aware of any pending or threatened take-over bid for the Company About Western Potash Western Potash Corp. is a mineral exploration company engaged in the evaluation, exploration and development of potash mineral properties in Western Canada. The Company intends to develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. For more information on Western Potash Corp.’s projects, please visit the Company’s website at: www.westernpotash.com. ON BEHALF OF THE BOARD OF DIRECTORS J. Patricio Varas, President and CEO “J. Patricio Varas” For information on the contents of this release please contact John Costigan, VP Corporate Development at 604-689-9378 Cautions Regarding Forward-Looking Statements The Company cautions the reader that there is no guarantee that any of the potential outcomes set out or reffered to above, or the use of the Plan, will actually occur. Except for statements of historical fact relating to the Company, certain information contained herein may constitute "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the effect and estimated timeline of the drilling and assay results on the Company, the estimation of mineral reserves and mineral resources; the timing and amount of estimated future exploration; costs of exploration; capital expenditures; success of exploration activities; permitting time lines and permitting; government regulation of mining operations; environmental risks; unanticipated reclamation expenses; and title disputes or claims; Generally, 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", or "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". Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they 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 or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forwardlooking information. The Company does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance with applicable securities laws. ![]() April 13, 2012 Vancouver, British Columbia – Western Potash Corp. (the “Company”) (TSX: WPX, FSE: AHE) would like to issue the following statements. At the request of Market Surveillance on behalf of the Toronto Stock Exchange, Western Potash would like to clarify that the intentions of Western Potash are to, as has been previously disclosed, seek a strategic partner in order to facilitate and complete the ongoing Feasibility work that would lead toward the building of our Milestone Potash project. Western Potash Corp. is not currently involved in any negotiations for the outright sale of the Company, but has met with, and is still currently involved in ongoing negotiations with numerous parties, any of which could lead to equity and debt financings, joint ventures, takeovers and other types of merger transactions. About Western Potash Western Potash Corp. is a mineral exploration company engaged in the evaluation, exploration and development of potash mineral properties in Western Canada. The Company intends to develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. For more information on Western Potash Corp.’s projects, please visit the Company’s website at: www.westernpotash.com. ON BEHALF OF THE BOARD OF DIRECTORS J. Patricio Varas, President and CEO “J. Patricio Varas” For information on the contents of this release please contact John Costigan, VP Corporate Development at 604-689-9378. Cautions Regarding Forward-Looking Statements The Company cautions the reader that there is no guarantee that any of the potential outcomes from the current, or any future negotiations referred to above, will actually occur or be finalized. Except for statements of historical fact relating to the Company, certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the effect and estimated timeline of the drilling and assay results on the Company, the estimation of mineral reserves and mineral resources; the timing and amount of estimated future exploration; costs of exploration; capital expenditures; success of exploration activities; permitting time lines and permitting; government regulation of mining operations; environmental risks; unanticipated reclamation expenses; and title disputes or claims; Generally, 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", or "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". Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they 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 or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forwardlooking information. The Company does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance with applicable securities laws. ![]() March 30, 2012 VANCOUVER, BRITISH COLUMBIA - Western Potash Corp. (the "Company") (TSX: WPX FSE: AHE) has granted a total of 790,000 stock options under its Stock Option Plan at an exercise price of $1.10 per share to employees and consultants of the Company. About Western Potash Western Potash Corp. is a mineral exploration company engaged in the evaluation, exploration and development of potash mineral properties in Western Canada. The Company intends to develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. For more information on Western Potash Corp.’s projects, please visit the Company’s website at: www.westernpotash.com. ON BEHALF OF THE BOARD OF DIRECTORS J. Patricio Varas, President and CEO For information on the contents of this release please contact John Costigan, VP Corporate Development at 604-689-9378. ![]() February 27, 2012 Vancouver, British Columbia - Western Potash Corp. (the "Company") (TSX: WPX, FSE: AHE) is pleased to announce the appointment of Richard Lock, P. Eng. as Project Director to develop the Company’s 100%-owned Milestone Potash Project. Richard will join the Western team on March 20th, 2012. Prior to joining the Company Richard worked at BHP/Rio Tinto’s joint-ventured Resolution Copper Mining Project in Superior, Arizona. As Project Director, Richard was responsible for the development of the multi-billion dollar project, including pre-feasibility studies and associated on-site activities (which include multiple shaft sinking activities for exploration and future development). Resolution hosts the third largest copper ore body in the world and is predicted to produce 25% of the US copper supply while creating 3,700 jobs and generating economic growth of over 61 billion USD. Richard has more than 24 years experience in the mining industry, having begun his career with De Beers-Anglo American in South Africa. Richard later joined Rio Tinto's Diavik Diamonds Project (Diavik) at Lac de Gras in Canada’s Northwest Territories, where he took the project from the evaluation stage to production. Under Richard’s guidance as mine manager, the A154 dike/dam was awarded the professional engineering award of merit by NAPEGG and the Canadian Council of Professional Engineers national award for engineering achievement in May 2003. The Diavik mine remains a standout example of technical innovation in Canadian project engineering. Prior to his work at Resolution Copper, Richard managed the design and construction of a large, successful bitumen recovery plant on an oil sands mining project in Alberta, Canada for Canadian Natural Resources Limited, an independent oil and natural gas exploration, development and production company. His experience in the development of an oil and gas recovery and production facility brings great value as it has a great deal of structural and engineering commonality with the potash recovery plant being envisioned at Milestone. Patricio Varas, President & CEO of Western Potash Corp., commented: “We are delighted to have Richard join our project development team. Richard is a mine builder. He is a highly experienced mining professional with the skill set necessary to move a project of this scope through the feasibility process. Richard’s depth of experience and proven track record in all phases of engineering and construction are key ingredients that will help Western effectively execute on all our project processes. This appointment to the Milestone Project sends a clear signal that the Company is effectively assembling a world class team, dedicated to bringing a world class Potash project to production. Those of our management team that have worked with Richard at Diavik and Resolution relish the opportunity to work together to deliver the newest independent potash mine in Saskatchewan.” About Western Potash Western Potash Corp. is a mineral exploration company engaged in the evaluation, exploration and development of potash mineral properties in Western Canada. Western Potash Corp. is curently working toward the completion of a Positive Feasibility Study at its Milestone Potash Project in Saskatchewan. The Company intends to develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. ON BEHALF OF THE BOARD OF DIRECTORS “J. Patricio Varas” J. Patricio Varas Cautions Regarding Forward-Looking Statements Except for statements of historical fact relating to the Company, certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the effect and estimated timeline of the drilling and assay results on the Company, the estimation of mineral reserves and mineral resources; the timing and amount of estimated future exploration; costs of exploration; capital expenditures; success of exploration activities; permitting time lines and permitting; government regulation of mining operations; environmental risks; unanticipated reclamation expenses; and title disputes or claims; Generally, 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", or "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". Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they 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 or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance with applicable securities laws. ![]() February 16, 2012 Western Potash Corp. (the "Company") (TSX: WPX FSE: AHE) has granted a total of 250,000 stock options under its Stock Option Plan at an exercise price of $1.23 per share to a director of the Company. About Western Potash Western Potash Corp. is a mineral exploration company engaged in the evaluation, exploration and development of potash mineral properties in Western Canada. The Company intends to define and develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. For more information on Western Potash Corp.’s projects, please visit the Company’s website at: www.westernpotash.com. ON BEHALF OF THE BOARD OF DIRECTORS “J. Patricio Varas” J. Patricio Varas President and CEO ![]() December 16, 2011 Vancouver, December 16th, 2011, Western Potash Corp. (the “Company”) (TSX WPX, FSE: AHE) is pleased to announce the receipt of an updated NI 43-101 Technical Report titled “NI 43-101 Technical Report Summarizing the Preliminary Feasibility Study for a Potash Solution Mine on the Milestone Project (Subsurface Mineral Lease KLSA 008), Saskatchewan.” The Company confirms that this Report has been filed on SEDAR on December 15, 2011. The Technical Report includes an updated resource estimate, and a summary of the Company’s Pre-Feasibility Study announced via news release dated October 31, 2011. The Prefeasibility Study (the “Study”) was completed by AMEC Americas Limited (“AMEC”). AMEC is a leading international engineering and project management company that currently manages multiple potash expansion projects in Saskatchewan with a capital value of several billion dollars. The updated resource estimate slightly increases the Milestone recoverable Potash Resource (Patience Lake, Belle Plaine, and Esterhazy Members including the upper halite interbed) to 66.6 million tonnes of Measured Resource (contained KCl), 186.9 million tonnes of Indicated Resource, and 708.2 million tones of Inferred Resource. Inferred Resource around the Milestone Project plant site land and associated infrastructure have been removed from the estimate. Purchase of the plant site land was announced via news release dated June 21, 2011. Mineral Reserves were not reported within this updated Technical Report. Mineral reserves have not been estimated because the Company is negotiating to obtain mineral leases for all the Freehold mineral rights within the Indicated and Measured resource areas. These negotiations are expected to be completed within the next few months. Mineral reserves will be presented when acquisition of these mineral leases is substantially complete. The updated resource estimate at Milestone was prepared by Agapito Associates Inc. (“AAI”) of Grand Junction, Colorado. The Qualified persons for the Resource Estimate were Dr. Michael P. Hardy, P.E (US), P.Eng. (SK), P.G. (US), and Dr. Douglas F. Hambley, P.E. (US), P.Eng. (SK), P.G. (US). A detailed summary of the Measured, Indicated and Inferred Mineral Resource within Crown and Leased Freehold Areas is presented in Table 1, 2 and 3 respectively. Table 1. Measured Mineral Resource within Crown and Leased Freehold Areas Only* * Search Radius of 800 m used; Mt = million tonnes; K2O grade > 15%; Density = 2.08 t/m3, KCl = 1.58303 K2O. Table 2. Indicated Mineral Resource within Crown and Leased Freehold Areas Only* * Search Radius of 1.6 km outside radius and 2.5 km inner radius (between drill holes) used; Mt = million tonnes; K2O grade > 15%; Specific Gravity = 2.08 t/m3, KCl = 1.58303 K2O. Table 3. Inferred Mineral Resource within Crown and Leased Freehold Areas Only* * 8.0 km radius used; Mt = million tonnes; K2O grade > 15%; Density = 2.08 t/m3, KCl = 1.58303 K2O. AAI have made estimates of the Measured, Indicated and Inferred Mineral Resources based on a Radius of Influence (ROI) similar to that applied by mine operators and peer group explorers working on solution mining properties in the region. Furthermore, the Measured, Indicated, and Inferred Mineral Resources were arrived at by discounting the overall calculated tonnage by Loss Factors of 5%, 9% and 25% respectively, to account for unknown geologic anomalies. The resulting potash quantity was further reduced using an extraction ratio factor of 34.6%, which is the estimated potash available to be extracted for the life of an envisioned operation leaving sufficient material to support cavern stability. The resource estimate was prepared in accordance with the requirements of NI 43-101 of the Canadian securities regulators. The recently completed Prefeasibility Study confirms that the Milestone Project shows significant positive economics and that the asset is of sufficient size and grade to support primary and secondary solution mining for more than forty years at a production rate of 2.8Mt/yr. The study concluded that there are no known limitations that may prevent a successful and profitable project outcome. The Feasibility Study is in progress, and will produce results which adhere to the AACE “Class 3” classification for projects. Water sources are currently being evaluated for the project. A summary of the assumptions and results of the Prefeasibility Study appears below: Mineral resources that are not mineral reserves do not have demonstrated economic viability Milestone EIS Update The Company also reports that all environmental baseline data required for the preparation of the EIS has now been collected. On October 11, 2011, the Company submitted a "Project Proposal" to the Saskatchewan Ministry of Environment. The Project Proposal provides a conceptual level description of the Milestone Project and formally initiates the regulatory review process under the provincial Environmental Assessment Act. Upon review of the Project Proposal, the government of Saskatchewan will issue Project Specific Guidelines, which provide detailed information requirements to be included in the EIS. The EIS remains on schedule and on budget, with an anticipated EIS submission date of Q3 2012. Golder Associates Ltd. (“Golder”) of Saskatoon, Saskatchewan continues to assist the Company with the preparation of the Environmental Impact Statement (“EIS”) for the Milestone project. Golder is an employee-owned, global company providing consulting, design, and construction services in earth, environment, and related areas of energy. Golder was chosen by the Company due to their commitment to technical excellence and their experience with environmental assessments for potash projects. The 100% owned Milestone property, comprising 500 square kilometers, is located 30 kilometers southeast of Regina, and southeast of Mosaic’s Belle Plaine Mine, one of the largest producing potash solution mines in the world. Brazil Update On July 28 2008, the Company signed an agreement with Amarillo Gold Corporation (Amarillo”), a company related by a common director, to acquire potash mineral rights in Brazil. Amarillo, through its Brazilian subsidiary, submitted applications on behalf of the Company for 113 potash permits totaling 982,962 hectares within potash prospective portions of the Brazilian Amazon Basin. The Company is pleased to announce that these permits have now been granted by the Brazilian government. These potash permits are currently being transferred into the Company’s wholly owned Brazilian subsidiary, Potássio Ocidental Mineração Ltd. (the “Subsidiary”). The Subsidiary has also, since its incorporation in December 2008, submitted its own applications for an additional 53 potash permits totaling 91,245 hectares. These additional permits are located in the Amazon Basin, and have been granted to the Subsidiary by the Brazilian government. About Western Potash Western Potash Corp. is a mineral exploration company engaged in the evaluation, exploration and development of potash mineral properties in Western Canada. The Company intends to define and develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. The in-house qualified persons for the purposes of NI 43-101 guidelines are J. Patricio Varas, P. Geo and Dean Pekeski, P. Geo, both of whom have reviewed and approved the contents of this news release. Dean Pekeski is also co-author of the updated NI 43-101 Technical Report on which this news release is based. For more information on Western Potash Corp.’s projects, please visit the Company’s website at: www.westernpotash.com ON BEHALF OF THE BOARD OF DIRECTORS “J. Patricio Varas” J. Patricio Varas
Cautions Regarding Forward-Looking Statements Except for statements of historical fact relating to the Company, certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the effect and estimated timeline of the drilling and assay results on the Company, the estimation of mineral reserves and mineral resources; the timing and amount of estimated future exploration; costs of exploration; capital expenditures; success of exploration activities; permitting time lines and permitting; government regulation of mining operations; environmental risks; unanticipated reclamation expenses; and title disputes or claims; Generally, 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", or "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". Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they 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 or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance with applicable securities laws. ![]() October 31, 2011 NPV10 = $4.14B CAD and IRR = 22.7 % Vancouver, October 31 , 2011 - WESTERN POTASH CORP. , (the “Company”) (TSX: WPX) is pleased to announce the receipt of an independent positive Prefeasibility Study (the “Study”) from AMEC Americas Limited (“AMEC”) on its 100% owned Milestone property in southern Saskatchewan (the “Milestone Project”). AMEC is a leading international engineering and project management company that currently manages multiple potash expansion projects in Saskatchewan with a capital value of several billion dollars. AMEC was chosen to carry out the Study because of their technical expertise as engineers and EPCM contractors, as well as their experience in potash mine construction, potash processing and their expertise in producing potash feasibility studies. This Study confirms that the Milestone Project shows significant positive economics and that the asset is of sufficient size and grade to support primary and secondary solution mining for more than forty years at a production rate of 2.8Mt/yr. The Milestone Project hosts a potash resource which consists of 64 million tonnes of Measured Resource (contained KCl), 180 million tonnes of Indicated Resource, and 701 million tonnes of Inferred Resource. The Study was based on, and supported by, the NI43-101 Technical Report “Updated Technical Report Concerning Mineral Resource Estimates Subsurface Mineral Lease KLSA 008 Saskatchewan”, dated June 8, 2011 and filed on SEDAR on June 10, 2011 (the “Report”).1 An assessment of project economics was also included in the Study. Assuming a discount rate of 10%, the resulting project Net Present Value is $4.14B CAD, while the Internal Rate of Return is 22.7 %. The economics were modeled using pricing based on a CRU market report. This report provided average yearly potash price estimates for the period from 2015 through 2025. The average for those years, equating to $US 511/t, was used for the 2025 to 2055 period. The economic model assumes a flat US$ exchange rate, CAPEX based on 100% equity, and tax and royalties calculated using a flat rate of CAD$28.90/t. A complete list of the assumptions used in this model can be found in Table 1. Since the analysis is based on a cash flow estimate, it could be expected that actual financial results may vary from these predictions. Table 1: Model Assumptions Target Annual Production rate 2.8 Mt/yr The Study includes all facilities required to operate a potash solution mine, including a cavern and well field layout, a two-train multiple effect evaporization-crystallization plant, a dry processing plant, product storage, load out and all other necessary site infrastructure. This design was detailed to a sufficient level to allow the capital cost estimate to be upgraded to AACE “Class 4” standard. The annual production rate can be expanded to a higher annual production rate, achievable through a higher level of capital expenditure. This Study was intended to provide a high degree of project definition, building on the Scoping Study completed in 2010. The Prefeasibility Study commenced with the completion of tradeoff studies where important design options were investigated. Ultimately a single plant design was identified, which was carried through the Study. Agapito Associates, Inc. was contracted by the Company to complete the Solution Mining Design for the Study, which included a solution mining plan and schedule, well field design, cavern layout and recovery modeling, and subsidence analysis. AAI’s experience includes work for Intrepid Potash Inc. in the US, Rio Tinto and Vale at the PRC project in Argentina, and work for several prospective potash projects located in Saskatchewan. Capital and operating cost estimates were generated with a target accuracy of ±20%, typical for this level of Study. The initial CAPEX estimate for the plant is $2.758B CAD, including allowances for port infrastructure, water supply pipeline, and off site railway. An allowance of $300M CAD has been included for port infrastructure which was excluded from the Company’s Scoping Study completed in 2010. Removing this allowance for port from the current Study results in an approximate 2% reduction in initial CAPEX when compared to the Company’s Scoping Study. Construction is assumed to take place over a three year period, with production beginning in project year three. Full primary and secondary production will be achieved over a six year ramp up period. The Project unit operating costs were estimated to be $62.35 CAD/tonne at full production capacity. These operating costs include estimates for labour, maintenance, power, natural gas, water, consumables, diesel, and uncapitalized well field operations. Operating costs do not include taxes, royalties, or the costs associated with transportation to port and ship loading. Sustaining capital has been projected to remain flat at 0.5% of replacement cost for the first 10 years of operations. Sustaining capital ramps up from 0.5% to 2.0% of replacement cost between years 14 and 23 of the Project. The Study resulted in significant advancement of the level of definition of the project. The Milestone Project remains economically very strong with no known limitations that may prevent a successful and profitable project outcome. The Study recommends immediate commencement of a Feasibility Study which will adhere to the AACE “Class 3” classification for projects. Patricio Varas, CEO and President comments: "The PFS confirms the compelling opportunity that the Milestone project represents for the Company and the Province of Saskatchewan to develop a world class potash mining operation. In addition to the 40 year scope of mining contemplated in the PFS, the known resource is sufficient to support ongoing mining for an additional 40 years and beyond. We are pleased with the on time and on budget delivery as well as the thorough analysis of the available options considered for project optimization. The coordinated efforts of the internal and external teams are to be complimented for their work in delivering a comprehensive report, a critical step as the Company continues the process of de-risking the Milestone asset. " The Company will file an updated NI 43-101 Technical Report with Canadian securities regulators within 45 days of this release and will be available on SEDAR at www.sedar.com, and also on the Company's website at www.westernpotash.com. This Technical Report will include an updated Mineral Resource and Reserves Statement. About Western Potash Western Potash Corp. is a potash company focused on the development its 100% owned Milestone Saskatchewan solution mining project, located 30 km southeast of Regina. The Company intends to develop this world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. The in-house qualified persons for the purposes of NI 43-101 guidelines are J. Patricio Varas, P. Geo and Dean Pekeski, P. Geo, both of whom have reviewed and approved the contents of this news release. For more information on Western Potash Corp.’s projects, please visit the Company’s website at: www.westernpotash.com 1 The Report was prepared by Agapito Associates Inc. and reported via news release dated June 21, 2011. The Qualified persons for the Report were Dr. Michael P. Hardy, P.E, P.Eng., P.G., Dr. Douglas F. Hambley, P.E., P.Eng., P.G. and Dean Pekeski, P.Geo. The Company cautions that mineral resources that are not mineral reserves do not have demonstrated economic viability. ON BEHALF OF THE BOARD OF DIRECTORS “J. Patricio Varas” Cautions Regarding Forward-Looking Statements Except for statements of historical fact relating to the Company, certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the effect and estimated timeline of the drilling and assay results on the Company, the estimation of mineral reserves and mineral resources; the timing and amount of estimated future exploration; costs of exploration; capital expenditures; success of exploration activities; permitting time lines and permitting; government regulation of mining operations; environmental risks; unanticipated reclamation expenses; and title disputes or claims; Generally, 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", or "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". Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they 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 or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance with applicable securities laws. Neither the TSX Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Exchange) accepts responsibility for the adequacy or accuracy of this release. If you have any questions regarding the contents of this release, please contact John Costigan, VP Corporate Development at 604-689-9378. ![]() October 4, 2011 Vancouver BC – Western Potash Corp. (WPX: TSX) (FSE: AHE) (“the Company”) is pleased to announce that Peter L. Miles has agreed to join the Western Potash board of directors. Mr. Miles brings to the Company more than 25 years of valuable experience in mining exploration management, retail stock brokerage and corporate finance. Mr. Miles has a Bachelor of Commerce from the University of British Columbia. He was formerly a Vice President of Midland Doherty Inc., Dean Witter Reynolds, and CIBC World Markets. Since leaving the capital market sector in 1999, Mr. Miles has focused on the resource sector where he has used his experience and background to raise significant venture capital for several companies. Mr. Miles is the founder and President of Sanatana Resources Inc. (exploring for gold in the Yukon and Ontario) , a director of Simba Gold Corp. (exploring for gold in Africa) and Guerrero Exploration Inc. (exploring for precious metals in Mexico) and in all three companies he has aided or been solely responsible for their fund raising. Mr. Miles has also been influential in the Roughrider Uranium discovery in Saskatchewan. He identified and financed the Roughrider Uranium property and then subsequently he structured and assisted Hathor Exploration Limited in its acquisition and financing of the property, which ultimately led Hathor to its key discovery. Hathor is currently subject to a takeover bid by Cameco Corporation. As well as being active in the resource sector Mr. Miles is also an independent director of Gamehost Inc. a leading hotel and gaming company in Alberta. He also sits on the board of the Vancouver Aquarium and Marine Science Centre a self-supporting, non-profit association dedicated to effecting the conservation of aquatic life. The board welcomes Mr. Miles extensive experience in the capital markets, resource and corporate sectors to the Western Potash team. About Western Potash Western Potash Corp. is a potash exploration company focused on building Canada's most efficient potash solution mine. The company is working toward the completion of a positive Feasibility Study at its Milestone Project in Saskatchewan, Canada. For more information on Western Potash Corp.’s projects, please visit the Company’s website at: www.westernpotash.com ON BEHALF OF THE BOARD OF DIRECTORS “J. Patricio Varas” J. Patricio Varas Forward-Looking Statement Except for statements of historical fact relating to the Company, certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the effect and estimated timeline of the drilling and assay results on the Company, the estimation of mineral reserves and mineral resources; the timing and amount of estimated future exploration; costs of exploration; capital expenditures; success of exploration activities; permitting time lines and permitting, ; government regulation of mining operations; environmental risks; unanticipated reclamation expenses; and title disputes or claims; Generally, 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", or "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". Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they 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 or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance with applicable securities laws. For more information please contact John Costigan, VP Corporate Development, at (604) 689-9378. ![]() July 11, 2011 Vancouver, July 11th, 2011, Western Potash Corp. (the “Company”) (TSX: WPX, FSE: AHE) is pleased to announce that the common shares of the Company will be listed and posted for trading at the opening on Tuesday, July 12, 2011, on the TSX. The Company is subject to the reporting requirements of Section 501 of the TSX Company Manual. An application has been granted for the original listing in the Mining category of 188,034,293 common shares of the Company, of which 160,945,183 common shares are issued and outstanding, and 27,089,110 common shares are reserved for issuance. The common shares of the Company have been listed on TSX Venture Exchange since May 6, 2008 under the symbol "WPX". The common shares will be delisted from TSX Venture Exchange on Tuesday, July 12, 2011, upon commencement of trading on TSX. About Western Potash Western Potash Corp. is a potash development company focused on building Canada's most efficient potash solution mine. The company is working toward the completion of a positive Feasibility Study at its Milestone Project in Saskatchewan, Canada. The Company's commitment is to develop their Tier 1 Milestone potash project in an ecologically sustainable and socially responsible manner. For more information on Western Potash Corp.’s projects, please visit the Company’s website at: www.westernpotash.com ON BEHALF OF THE BOARD OF DIRECTORS J. Patricio Varas Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. ![]() June 21, 2011 Vancouver, June 21, 2011, Western Potash Corp. (the “Company”) (TSX.V: WPX, FSE: AHE) is pleased to announce that it has completed the purchase of a large parcel of surface lands, advancing the development of the plant site facility for its Milestone potash solution mining project in southern Saskatchewan. The land acquisition program has now successfully secured over 2,550 acres at the Company’s preferred plant site location. Securing the plant site location is an important aspect of the Milestone feasibility process as the environmental and regulatory approval processes and project schedules are dependent on it. The site is large enough to house all intended plant site facilities for the contemplated life of the mine. The Company has completed water, soil, vegetation, and wildlife baseline studies over the site as part of its Environmental Approval process. The Company has also completed airborne geophysical surveys, satellite imagery acquisition, and geotechnical drilling as part of this process. Data from these studies was used to complete a detailed constraints assessment as part of the land acquisition process. The site was selected based on the following parameters: • Proximity to the potash resource The plant site will support all maintenance, administration, processing, product storage, and load out facilities. The site will further be large enough to accommodate salt storage, brine cooling ponds, and all utility infrastructure. The site is of sufficient size to allow for increased potash production beyond the anticipated mining rate of 2.5 million tonnes of KCl product per year. Patricio Varas, CEO and President of the Company commented: "Securing the Milestone plant site represents another key achievement in the ongoing development of this world class potash project. We now have ownership of enough surface lands to accommodate an efficient plant design, one capable of future expansion to higher production rates. This purchase brings Western Potash a significant step closer to making Milestone one of the largest, most accessible, greenfield, independently owned potash deposits, being developed in the world today." The 100% owned Milestone property is located 30 kilometers southeast of Regina, and southeast of Mosaic’s Belle Plaine Mine, one of the largest producing potash solution mines in the world. Technical Report Filed on SEDAR Further to the Company's news release dated April 26, 2011, the Company confirms that the related NI 43-101 Technical Report titled “Updated Technical Report Concerning Mineral Resource Estimates Subsurface Mineral Lease KLSA 008 Saskatchewan” was filed on SEDAR on June 10, 2011. In addition to covering the increased resource estimate, the Report sets out that the Milestone project now comprises 87,530 acres (including road allowances) of Crown mineral lands by means of Subsurface Mineral Lease KLSA 008, which was granted to the Company on May 18, 2010. This Lease incorporates the lands formerly held by the Company under Permits KP 408 and KP 409. Lease KLSA 008 was granted to the Company by the Saskatchewan Department of Energy and Resources on May 18, 2010. The lease has a term of 21years from the date of issue and is renewable for additional terms of 21 years provided that the Company fully complies with the terms of the Lease. About Western Potash Western Potash Corp. is a potash asset development company engaged in the evaluation, exploration and development of properties in Western Canada. The Company intends to define and develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. The in-house qualified persons for the purposes of NI 43-101 guidelines are J. Patricio Varas, P. Geo and Dean Pekeski, P. Geo, both of whom have reviewed and approved the contents of this news release. ON BEHALF OF THE BOARD OF DIRECTORS “J. Patricio Varas” This news release contains Forward Looking Statements regarding our intentions and plans. Forward looking statements in this news release include: that the company has completed the purchase of a large parcel of surface lands advancing the development of the plant site facility for its Milestone potash solution mining project; that the land acquisition program has secured over 2,550 acres at the Company’s preferred plant site location; that securing the plant site location is an important aspect of the Milestone feasibility process as the environmental and regulatory approval processes and project schedules are dependent on it; that the site is large enough to house all intended plant site facilities for the contemplated life of the mine; that the plant site will support all maintenance, administration, processing, product storage, and load out facilities; that the site will further be large enough to accommodate salt storage, brine cooling ponds, and all utility infrastructure; that the site is of sufficient size to allow for increased potash production beyond the anticipated mining rate of 2.5 million tonnes of KCl product per year; that Patricio Varas, CEO and President of the Company commented: "Securing the Milestone plant site represents another key achievement in the ongoing development of this world class potash project. We now have ownership of enough surface lands to accommodate an efficient plant design, one capable of future expansion to higher production rates; that this purchase brings Western Potash a significant step closer to making Milestone one of the largest, most accessible, greenfield, independently owned potash deposits, being developed in the world today"; It is the Company’s policy not to update forward-looking statements. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices and success and failure of the exploration and development carried out at various stages of the program. Readers should review risk factors applicable to junior mining exploration companies generally to understand the variety of risks that can affect the Company. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. ![]() June 8, 2011 Vancouver, June 8, 2011 Western Potash Corp. (“The Company” or “Western”) (TSX.V: WPX, FSE: AHE) is pleased to announce that the Company has received conditional approval for the listing of its common shares on the Toronto Stock Exchange. Upon filing and acceptance of the final listing application and related documentation, the Company’s shares will commence trading on the Toronto Stock Exchange and be de-listed from the TSX Venture Exchange. The Company expects to satisfy all of the necessary conditions and for its shares to begin trading on the TSX in the coming weeks. Upon its listing on the TSX, Western’s common shares will continue to trade under the symbol "WPX". Mr. J. Patricio Varas, President and CEO commented on the conditional acceptance, “We are pleased that the Toronto Stock Exchange has approved the Company’s technical reports and related material and has granted conditional approval for listing on the Senior Stock Exchange. We anticipate that the listing will help provide access to a larger audience of investors.” About Western Potash Western Potash Corp. is a potash asset development company engaged in the evaluation, exploration and development of properties in Western Canada. The Company intends to define and develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. The in-house qualified persons for the purposes of NI 43-101 guidelines are J. Patricio Varas, P. Geo and Dean Pekeski, P. Geo, both of whom have reviewed and approved the contents of this news release. For more information on Western Potash Corp.’s projects, please visit the Company’s website at: www.westernpotash.com ON BEHALF OF THE BOARD OF DIRECTORS “J. Patricio Varas” President and CEO This news release contains Forward Looking Statements regarding our intentions and plans. Forward looking statements in this news release includeIt is the Company’s policy not to update forward-looking statements. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices and success and failure of the exploration and development carried out at various stages of the program. Readers should review risk factors applicable to junior mining exploration companies generally to understand the variety of risks that can affect the Company. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. ![]() April 26, 2011 Vancouver, April 26, 2011, Western Potash Corp. (the “Company”) (TSX.V: WPX, FSE: AHE) is pleased to announce the receipt of an updated NI 43-101 compliant Mineral Resource Estimate for its Milestone property in southern Saskatchewan. This updated resource estimate substantially increases the Milestone extractable Potash Resource to 64 million tonnes of Measured Resource (contained KCl), 180 million tonnes of Indicated Resource, and 701 million tonnes of Inferred Resource. The updated resource estimate at Milestone was prepared by Agapito Associates Inc. (“AAI”) of Grand Junction, Colorado. Mineral Resources for the potential solution mining intervals (Patience Lake, Belle Plaine, and Esterhazy Members excluding interbeds) are estimated to be as follows: Measured Resource: 637 Mt in place sylvinite grading 30.47% KCl (64 Mt of recoverable KCl) Indicated Resource: 1,857 Mt in place sylvinite grading 30.35% KCl (180 Mt of recoverable KCl) Inferred Resource: 8,907 Mt in place sylvinite grading 30.31% KCl (701 Mt of recoverable KCl) Mineral Resources reported here represent significant expansions in tonnage compared with the Mineral Resources previously reported in the NI43-101 Technical Report filed by the Company in July 2010*. These resource expansions are as follows; Measured Resources expanded by 55% Indicated Resources expanded by 34% Inferred Resources expanded by 25% * The NI43-101 Technical Report titled “Technical Report Concerning Mineral Resource Estimate, Subsurface Mineral Permit KP 408 and KP 409, Saskatchewan”, dated July 12, 2010 and filed on SEDAR on July 16, 2010 (the “Report”). The Report was prepared by Agapito Associates Inc. and reported via news release dated June 3, 2010. The Qualified persons for the Report were Dr. Michael P. Hardy, P.E (US), P.Eng. (SK), P.G. (US), Dr. Douglas F. Hambley, P.E. (US), P.Eng. (SK), P.G. (US) and Dean Pekeski, P.Geo. (SK). Patricio Varas, CEO and President of the Company commented “We are very pleased with the A detailed summary of the Measured, Indicated and Inferred Mineral Resource within Crown and Leased Freehold Areas is presented in Table 1, 2 and 3 respectively. Table 1. Measured Mineral Resource within Crown and Leased Freehold Areas Only* * Search Radius of 800 m used; Mt = million tonnes; K2O grade > 15%; Density = 2.08, KCl = 1.58303 K2O. Table 2. Indicated Mineral Resource within Crown and Leased Freehold Areas Only* * 8.0 km radius used; Mt = million tonnes; K2O grade > 15%; Density = 2.08, KCl = 1.58303 K2O. Table 3. Inferred Mineral Resource within Crown and Leased Freehold Areas Only* * 8.0 km radius used; Mt = million tonnes; K2O grade > 15%; Density = 2.08, KCl = 1.58303 K2O. AAI have made estimates of the Measured, Indicated and Inferred Mineral Resources based on a Radius of Influence (ROI) similar to that applied by mine operators and peer group explorers working on solution mining properties in the region. Furthermore, the Measured, Indicated, and Inferred Mineral Resources were arrived at by discounting the overall calculated tonnage by Loss Factors of 5%, 9% and 25% respectively, to account for unknown geologic anomalies. The resulting potash quantity was further reduced using an extraction ratio factor of 34.6%, which is the estimated potash available to be extracted for the life of an envisioned operation leaving sufficient material to support cavern stability. The resource estimate was prepared in accordance with the requirements of NI 43-101 of the Canadian securities regulators. As required by NI 43-101, a technical report supporting the resource estimate will be filed on SEDAR within 45 days following the date of this news release: reports on SEDAR are available to the public. AAI has extensive experience in solution mining, resource characterization and preparation of 43-101 Technical Reports on Potash Resources. AAI’s experience includes work for Intrepid Potash Inc. in the US, Rio Tinto and Vale at the PRC project in Argentina and for several prospective potash projects located in Saskatchewan. In calculating the initial mineral resource AAI incorporated historical information available from public sources as well as new resource information obtained from exploration conducted by Western Potash between January 2009 and March 2011. Exploration conducted during that time included the purchasing and/or acquisition, processing and interpretation of 474.5 line km of 2D and over 98 square kilometers of 3D seismic data, and the completion of ten exploration wells totaling 18,240 meters completed within the KLSA 008 Crown Lease area. All ten of the wells drilled, spanning some 18 kilometers of strike length, penetrated the potash-bearing beds and have sufficient assayed core to allow for the calculation of potash mineralization thickness and grade. The updated and expanded Resource Calculation will now be incorporated into the Solution Mining Plan, part of the intergrated Feasibility process (“PFS FS”) currently being completed by AMEC Americas Limited (“AMEC”) as reported via press release dated January 19, 2011. The integrated Feasibility process remains on schedule and on budget, with an estimated “PFS” completion date sometime during the fourth quarter 2011. The 100% owned Milestone property, comprising 500 square kilometers, is located 30 kilometers southeast of Regina, and southeast of Mosaic’s Belle Plaine Mine, one of the largest producing potash solution mines in the world. About Western Potash Western Potash Corp. is a mineral exploration company engaged in the evaluation, exploration and development of potash mineral properties in Western Canada. The Company intends to define and develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. This news release was reviewed by Dr. Michael P. Hardy, P.E (US), P. Eng. (SK), P.G. (US), and Dr. Douglas F. Hambley, P.E. (US), P. Eng. (SK), P.G. (US), of Agapito Associates Inc. All individuals are Qualified Persons under NI 43-101 Rules and Policies and are co-authors of the updated NI 43-101 Technical Report on which this news release is based. The in-house qualified persons for the purposes of NI 43-101 guidelines are J. Patricio Varas, P. Geo and Dean Pekeski, P. Geo, both of whom have reviewed and approved the contents of this news release. Dean Pekeski is also co-author of the updated NI 43-101 Technical Report on which this news release is based. For more information on Western Potash Corp.’s projects, please visit the Company’s website at: www.westernpotash.com ON BEHALF OF THE BOARD OF DIRECTORS “J. Patricio Varas” President and CEO This news release contains Forward Looking Statements regarding our intentions and plans. Forward looking statements in this news release include that the updated resource estimate significantly upgrades the Milestone Potash Resource, which consists of 64 million tonnes of Measured Resource (contained KCl), 180 million tonnes of Indicated Resource, and 701 million tonnes of Inferred Resource; that “We are very pleased with the results of this updated resource calculation, though, we are not surprised by it as extensive parts of the property surrounding the defined resource remains to be drill tested and our seismic data indicates substantially more potash is present, as was confirmed in our newest drill hole M-009; that the addition of this tonnage is significant because it demonstrates over 95 years of production resources at an annual mining rate of 2.5 million tonnes of KCl product; that we now look forward to including this updated resource into our mine plan and feasibility process already underway”; that “the expansion of resources is another step in the project de-risking process of what management considers to be one of the largest, most accessible and best Tier 1 potash, greenfield, independently owned solution deposits being developed in the world today”; that the updated and expanded Resource Calculation will now be incorporated into the Solution Mining Plan, part of the intergrated Feasibility process (“PFS FS”) currently being completed by AMEC Americas Limited (“AMEC”) ; that the integrated Feasibility process remains on schedule and on budget, with an estimated “PFS” completion date sometime during the fourth quarter 2011. It is the Company’s policy not to update forward-looking statements. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices and success and failure of the exploration and development carried out at various stages of the program. Readers should review risk factors applicable to junior mining exploration companies generally to understand the variety of risks that can affect the Company. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. For further information, please contact ![]() April 21, 2011 Vancouver, April 21, 2011, Western Potash Corp. (the "Company") (TSX.V: WPX, FSE: AHE) is pleased to announce that 37,306,800 of the company's $0.75 share purchase warrants that were granted in conjunction with financings and share/unit issuances on October 15, October 22 and December 21, 2007 and January 14, 2008 were exercised during the period of October 1, 2010 to April 15, 2011. The exercise of these warrants adds $27,980,100 to the company's treasury, which has been utilized to develop the Milestone project and will be used to complete the Feasibility process already underway and for general working capital. On April 16, 2011 the remaining 2,921,800 of the $0.75 share purchase warrants expired. About Western Potash Western Potash Corp. is a mineral exploration company engaged in the evaluation, exploration and development of potash mineral properties in Western Canada. The Company intends to define and develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. For more information on Western Potash Corp.’s projects, please visit the Company’s website at: www.westernpotash.com. ON BEHALF OF THE BOARD OF DIRECTORS “J. Patricio Varas” J. Patricio Varas President and CEO For further information, please contact John Costigan, VP Corporate Development, at 604 689 9378 Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. ![]() February 22, 2011 Vancouver, February 18, 2011- WESTERN POTASH CORP., (the “Company”) (TSX Venture: WPX) is pleased to announce that it has signed a Memorandum of Understanding (“MoU”) with the City of Regina (the “City”) for potential water supply options for the Company’s Milestone Potash Project (“Milestone”). As a result of this MoU, the Company will include new water supply options in its feasibility study process, which underscores the substantial environmental, as well as, economic benefits for both the Company and the City of Regina. The Company recently announced the commissioning of the feasibility study process at Milestone, which will include an assessment of all the facilities required for the development of a new potash solution mining operation. A Scoping Study prepared by AMEC America Limited confirmed that the Milestone resource shows significant positive economics, and that the asset is of sufficient size and grade to support solution mining for more than forty years at a production rate of 2.5Mt/yr. The MoU allows for the Company and the City to assess water supply options with the aim of entering into a definitive agreement whereby the City supplies the required water to the Milestone Project. The final water volume design for the Milestone Project is currently being determined as part of the Company’s ongoing feasibility and environmental studies. The integrated feasibility study is progressing well and is estimated to be complete in about 18 months. Patricio Varas, CEO and President commented: “The Company is very pleased with the signing of this MoU, and the cooperation with the City of Regina. We look forward to realizing the economic and environmental benefits inherent in this type of co-operative approach.” In addition to the supply of water, the City is interested in the operation and maintenance of the water supply system to the Project. The MoU engages the Company and the City to discuss options for upgrading existing facilities and constructing new facilities to the mutual benefit of both the Company and the City. The 100% owned Milestone property, comprising 500 square kilometers, is located 30 kilometers Southeast of Regina, and Southeast of Mosaic’s Belle Plaine Mine, one of the largest producing potash, solution mines in the world. Western Potash Corp. is a resource development company engaged in the evaluation and development of potash mineral properties in Western Canada. The Company intends to develop a world-class potash deposit in an ecologically sustainable, economically efficient, and socially responsible manner. For more information on Western Potash Corp.'s projects, please visit the Company's website at: www.westernpotash.com. ON BEHALF OF THE BOARD OF DIRECTORS “J. Patricio Varas” Cautions Regarding Forward-Looking Statements This news release contains forward-looking statements regarding our intentions and plans. Forward looking statements in this press release include that we will enter into an agreement for the City of Regina to supply water for our project, that our feasibility and environmental studies will be completed within 18 months, that water facilities will be upgraded and that we can develop a world-class potash deposit in an ecologically sustainable, economically efficient, and socially responsible manner. The forward-looking statements that are contained in this news release are based on various assumptions and estimates by the Company and involve a number of risks and uncertainties. As a consequence, actual results may differ materially from results forecast or suggested in these forward-looking statements and readers should not place undue reliance on forward-looking statements. Various factors may prevent or delay our plans, including but not limited to, our ability to reach agreement with the City, environmental impact of our project, access to our project, our ability to finance development, mineral prices, success or failure of the exploration and development carried out at various stages of the program, potash prices and general business, economic, competitive, political and social conditions having an impact not only on whether or not the Company obtains access to a water supply, but also on whether the project is feasible. The Company expressly disclaims any obligation to update any forward-looking statements, except as required by applicable securities laws. Readers should refer to the risks as discussed in the Company's filings with Canadian securities agencies. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. ![]() January 4, 2011 Vancouver, Dec. 29th, 2010, Western Potash Corp. has granted a total of 2.5 million stock options under its stock option plan at an exercise price of $1.10 per share to directors, officers, consultants and employees of the company. We seek safe harbour. ON BEHALF OF THE BOARD OF DIRECTORS J. Patricio Varas, Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. ![]() December 21, 2010 Western Potash Corp. (the "Company") is pleased to announce that it has closed its previously announced private placement bought deal offering. The Company sold 18,182,000 units (the "Units") at a price of $1.10 per Unit, for aggregate gross proceeds to the Company of $20,000,200 (the “Offering”). Each Unit consists of one common share in the capital of the Company (each a "Common Share") and one-half of one Common Share purchase warrant (each whole Common Share purchase warrant, a "Warrant"). Each Warrant shall entitle the holder to purchase one Common Share of the Company at an exercise price of $1.75 at any time up to and including the close of business on June 21, 2013, being the day which is 30 months from the closing of the Offering. All securities issued under the Offering are subject to a hold period ending April 22, 2011. The Offering was underwritten by a syndicate of underwriters co-led by Mackie Research Capital Corporation and Scotia Capital Inc. (collectively, the “Underwriters”) The net proceeds received by the Company from the sale of the Units will be used to advance the Company's Milestone Potash Development Project located in the Province of Saskatchewan, and for general working capital purposes. In consideration for their services, the Underwriters have received a cash commission of 6.0% of the aggregate gross proceeds of the Offering. In addition, the Underwriters received an aggregate of 1,272,740 non-transferable Common Share purchase warrants (the “Compensation Warrants”) each exercisable to acquire one Unit at a price of $1.10 per Compensation Warrant at any time up to and including the close of business on June 21, 2013, being the day which is 30 months from the closing of the Offering. This news release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, "U.S. persons," as such term is defined in Regulation S under the U.S. Securities Act, unless an exemption from such registration is available. Cautions Regarding Forward-Looking Statements This news release contains forward-looking statements regarding our intentions and plans. The forward-looking statements that are contained in this news release are based on various assumptions and estimates by the Company and involve a number of risks and uncertainties. As a consequence, actual results may differ materially from results forecast or suggested in these forward-looking statements and readers should not place undue reliance on forward-looking statements. We caution you that such forward-looking statements involve known and unknown risks and uncertainties, as discussed in the Company’s filings with Canadian securities agencies. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices, success and failure of the exploration and development carried out at various stages of the program, and general business, economic, competitive, political and social conditions. The Company expressly disclaims any obligation to update any forward-looking statements, except as required by applicable securities laws. ON BEHALF OF THE BOARD OF DIRECTORS J. Patricio Varas, Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. ![]() November 29, 2010 Western Potash Corp. (the "Company") announced that it has entered into an agreement with Mackie Research Capital Corporation and Scotia Capital Markets Inc. whereby they have agreed to act as co-lead underwriters (the "Underwriters"), and will purchase, on a bought deal basis, 18,182,000 units of the Company (the "Units") at a price of $1.10 per Unit, for gross proceeds to the Company of $20,000,200 (the "Bought Deal Offering"). In addition the Underwriters shall concurrently offer, on a best-efforts basis, $20,000,000 in Units of Western Potash (the "Best-Efforts Offering" and, together with the Bought-Deal Offering, the "Offering"). The gross proceeds to the Company from the Offering will be up to $40,000,200. The Company has granted the Underwriters the option, but not the obligation, exercisable at any time up to and including 48 hours prior to the closing of the Offering (the "Closing") to increase the size of the Offering by up to 15% (the "Over-allotment Option). Each Unit shall consist of one common share of the Company (the "Common Shares") and one-half of one Common Share purchase warrant (the "Warrants"). Each whole Warrant shall entitle the holder to purchase one Common Share of the Company at an exercise price of $1.75 at any time up to 30 months after the Closing of the Offering. The Units will be offered by way of private placement exemptions from prospectus requirements in such provinces of Canada or other jurisdictions as the Underwriters may designate. The securities to be issued under the Offering will have a hold period of four months from closing. The Offering is scheduled to close on or about December 14, 2010 or as otherwise determined by the Parties and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange. The proceeds received by the Company from the sale of the Units will be used to advance the Company's Milestone Potash Development Project located in the Province of Saskatchewan and for general working capital purposes. In consideration for their services, the Underwriters will receive a cash commission of 6.0% of the gross proceeds of the Offering. In addition, the Underwriters will receive non-transferable common share purchase warrants (the "Compensation Warrants") exercisable at a price of $1.10 per Compensation Warrant at any time up to 36 months from Closing to purchase Units of the Company in an amount equal to 7.0 % of the number of Units sold in the Offering, including any Units sold pursuant to the exercise of the Over-allotment Option. The Company will make an application to list its common shares for trading on the Toronto Stock Exchange within 30 days of Closing, but there is no assurance that such an application will be approved by the Toronto Stock Exchange. The Company would like to thank Lockwood Financial Ltd. of Montreal, Quebec, for its advice and assistance with these financial and strategic matters and in assisting the Company in determining the appropriate course of action for fast tracking the development of the Milestone Potash Development Project. A finder's fee will be payable to Lockwood Financial Ltd. in cash or securities of the company in relation to this transaction. This news release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, "U.S. persons," as such term is defined in Regulation S under the U.S. Securities Act, unless an exemption from such registration is available. Cautions Regarding Forward-Looking Statements This news release contains forward-looking statements regarding our intentions and plans. The forward-looking statements that are contained in this news release are based on various assumptions and estimates by the Company and involve a number of risks and uncertainties. As a consequence, actual results may differ materially from results forecast or suggested in these forward-looking statements and readers should not place undue reliance on forward-looking statements. We caution you that such forward-looking statements involve known and unknown risks and uncertainties, as discussed in the Company's filings with Canadian securities agencies. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices, success and failure of the exploration and development carried out at various stages of the program, and general business, economic, competitive, political and social conditions. The Company expressly disclaims any obligation to update any forward-looking statements, except as required by applicable securities laws. ON BEHALF OF THE BOARD OF DIRECTORS J. Patricio Varas, Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. ![]() November 25, 2010 WESTERN POTASH CORP. (the "Company") (TSX Venture: WPX) announced today that it has formally retained Lockwood Financial of Montreal and Mr. John King Burns, Chairman of the Advisory Board of Lockwood Financial, to assist the board of directors and management of the Company in advancing a variety of strategic alternatives designed to fast track the development of the Company's Milestone Potash Development Project in Saskatchewan (the “Project”). Alternatives currently under review by management and the board include various combinations of debt and equity financing designed to fund capital requirements for pre-feasibility, feasibility and development work on the Project. Management is also currently in discussions with third parties who have expressed significant interest in participating in the Company and the Project on a basis which may include, but is not limited to, equity and debt financings, joint ventures, takeovers and other types of mergers or "going private" transactions. Patricio Varas, President and CEO stated "John King Burns brings a wealth of experience from his careers with Drexel Burnham Lambert Inc. and Barclays Bank Plc, Metals Group, and he provides both strategic and tactical advice to management in combination with financial advisory services. Mr. Burns’ expertise in structuring and negotiating complex, corporate, project financing and infrastructure development transactions provides the Company with the ability to be a more capable developer of the Project and a more attractive and nimble participant in the rapidly consolidating potash sector. We are confident that the strategic process now being executed, with the support of Lockwood and Mr. Burns, will enhance value for the Company’s shareholders." Mr. Burns provides business management, project debt, capital raising and financial consulting services to companies in the natural resource sector and has served as a director, executive and CEO of banking organizations and for a number of private and public natural resource and technology companies. Mr. Burns was most recently the interim Chairman and Lead Director of Athabasca Potash Inc. (API:TSX), which was acquired by BHP Billiton. In addition, Mr. Burns is currently an independent board director of China Gold International Corp Ltd. (CGG:TSX), Chairman of Novadex Ventures Corp. (NDX:TSX.V) and serves on the boards of a number of other private and listed resources companies. A Preliminary Economic Assessment of the Project, supported by an NI 43‑101 compliant technical report dated July 12, 2010 (and filed on SEDAR on July 16, 2010) indicated that the 41 million tonnes of Measured Resource (contained KCl), 133 million tonnes of Indicated Resource, and 560 million tonnes of Inferred Resource is of sufficient size and grade to support a potash solution mining operation for more than forty years at a production rate of 2.5Mt/yr. The Project’s Milestone property, which is 100% owned by the Company, is comprised of 500 square kilometers and is located 30 kilometers southeast of Regina and southeast of Mosaic’s Belle Plaine Mine, one of the largest producing potash solution mines in the world. Western Potash Corp. is a mineral exploration company engaged in the evaluation, exploration and development of potash mineral properties in Western Canada. The Company intends to develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. The in-house qualified persons for the purposes of NI 43-101 guidelines are J. Patricio Varas, P. Geo and Dean Pekeski, P. Geo, both of whom have reviewed and approved the contents of this news release. For more information on Western Potash Corp.’s projects, please visit the Company’s website at: www.westernpotash.com. ON BEHALF OF THE BOARD OF DIRECTORS “J. Patricio Varas” This news release contains Forward Looking Statements regarding our intentions and plans. Forward looking statements in this news release include that it has formally retained Mr. John King Burns to assist the board of directors and management of the Company in considering a variety of strategic alternatives designed to fast track the development of the Company's Milestone Potash Project; that alternatives currently under review by management and the board include various combinations of debt and equity financing designed to fund capital requirements for pre-feasibility, feasibility and development work on the Milestone Potash Development Project in Saskatchewan; that Management is also currently in discussions with third parties who have expressed significant interest in participating in the Company and the Project on a basis which may include, but is not limited to, equity and debt financings, joint ventures, takeovers and other types of mergers or "going private" transactions; that we are confident that the strategic process will, with the assistance of Mr. Burns, enhance value for the Company’s shareholders; that a Preliminary Economic Assessment, supported by an NI43-101 compliant technical report, onthe Milestone Project, indicates that the 41 million tonnes of Measured Resource (contained KCl), 133 million tonnes of Indicated Resource, and 560 million tonnes of Inferred Resourceis of sufficient size and grade to support a potash solution mining operation for more than forty years at a production rate of 2.5Mt/yr. The forward-looking statements that are contained in this news release are based on various assumptions and estimates by the Company and involve a number of risks and uncertainties. As a consequence, actual results may differ materially from results forecast or suggested in these forward-looking statements and readers should not place undue reliance on forward-looking statements. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices, success and failure of the exploration and development carried out at various stages of the program, and general business, economic, competitive, political and social conditions. It is the Company’s policy not to update forward-looking statements, except as required by applicable securities laws. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. ![]() November 1, 2010 Vancouver, November 1, 2010 - WESTERN POTASH CORP., (the “Company”) (TSX Venture: WPX) is pleased to announce that the Province of Saskatchewan has granted the Company a subsurface mineral lease on its 100% owned Milestone property in southern Saskatchewan. The lease was granted by Special Agreement under Section 4(b) of The Crown Minerals Act, and contains more than 87, 500 acres of Crown held mineral leases. The renewable, twenty one year lease was granted by Ministerial order and provides the Company with the full and exclusive power and right to mine Crown owned subsurface minerals, including potash, contained within the lease area, subject to the provisions outlined by The Saskatchewan Subsurface Mineral Regulations, 1960. The granting of this lease is one of the key steps towards the development of the Milestone Potash Project. The Company is also pleased to announce that further to its news release dated September 20, 2010, it has filed today with the Canadian securities regulators, a summary (the "Summary") of the work and results of the Milestone Potash Project Scoping Study (the “Study”) dated September 2010. The Study was prepared exclusively for Western Potash by AMEC Americas Limited (“AMEC”). The Study was based on, and supported by the, “NI 43-101 Technical KP 408 and KP 409, Saskatchewan”, dated July 12, 2010, and filed on SEDAR on July 16, 2010 (the “Report”) prepared by Agapito Associates Inc. and was reported in the Company’s news release dated June 3, 2010. The Summary was compiled by Western Potash Corp., and will be available on SEDAR at www.sedar.com on November 2, 2010 and also on the Company's website at www.westernpotash.com. This Study confirmed that the Milestone resource shows significant positive economics and that the asset is of sufficient size and grade to support solution mining for more than forty years at a production rate of 2.5Mt/yr. Highlights of the Study include:
The Study recommends immediate commencement of a Pre-Feasibility study based on the attractive economic assessment presented. The 100% owned Milestone property, comprising 500 square kilometers, is located 30 kilometers southeast of Regina, and southeast of Mosaic’s Belle Plaine Mine, one of the largest producing potash solution mines in the world. Western Potash Corp. is a mineral exploration company engaged in the evaluation, exploration and development of potash mineral properties in Western Canada. The Company intends to define and develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. The in-house qualified persons for the purposes of NI 43-101 guidelines are J. Patricio Varas, P. Geo and Dean Pekeski, P. Geo, both of whom have reviewed and approved the contents of this news release. For more information on Western Potash Corp.’s projects, please visit the Company’s website at: www.westernpotash.com ON BEHALF OF THE BOARD OF DIRECTORS “J. Patricio Varas” This news release contains Forward Looking Statements regarding our intentions and plans. Forward looking statements in this news release include: that the Province of Saskatchewan has granted the Company a subsurface mineral lease on its Milestone property in southern Saskatchewan; that the lease was granted by Special Agreement under Section 4(b) of The Crown Minerals Act, and contains more than 87, 500 acres of Crown held mineral leases: that the renewable, twenty one year lease was granted by Ministerial order and provides the Company with the full and exclusive power and right to mine Crown owned subsurface minerals, including potash, subject to the provisions outlined by The Saskatchewan Subsurface Mineral Regulations, 1960; that the granting of this lease is one of the key steps towards the development of the Milestone Potash Project; that the company has filed today with the Canadian securities regulators, a summary (the "Summary") of the work and results of the Milestone Potash Project Scoping Study (“the Study”) dated September 2010; that the Study was based on and supported by, the NI 43-101 Technical report on KP 408 and KP 409, Saskatchewan”, dated July 12, 2010 and filed on SEDAR on July 16, 2010 (the “Report”) prepared by Agapito Associates Inc.; That the Summary report was compiled by Western Potash Corp., and will be available on SEDAR on November 2, 2010 and on the Company's website; that the Study confirmed that the Milestone resource shows significant positive economics and that the asset is of sufficient size and grade to support solution mining for more than forty years at a production rate of 2.5Mt/yr; that highlights of the Study include: a Total Estimated Project Capital Cost of CAD$2.51 Bn , a Project Unit Operating Costs of CAD$ 62.90/t, an Estimated Net Present Value (NPV10) of CAD$5.22 Bn, an Estimated after-tax and royalty IRR of 27.3% , an After-tax payback period of 7.3 years; that high formation temperatures at Milestone (60 to 65 0C) reduce operating costs by 8.5% when compared with other solution mining projects in Saskatchewan accessing lower (50 to 55 0C) formation temperatures; that the CRU Group provided average yearly potash price estimates for the period from 2015 through 2025; that the study assumes a flat US$ exchange rate; that construction is assumed to take place over a two year period; that production is assumed to begin in project year three; that the CAPEX was based on 100% equity; that Tax and royalties were calculated using a flat rate of CAD$28.90/t; that since the analysis is based on a cash flow estimate, it should be expected that actual financial results may vary from these predictions; that an accuracy assessment of the cost estimates was completed as part of this study and is estimated to be ±35%; that the Study recommends immediate commencement of a pre-feasibility study based on the attractive economic assessment presented. It is the Company’s policy not to update forward-looking statements other than as required by applicable securities laws and regulations. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices and success and failure of the exploration and development carried out at various stages of the program. Readers should review risk factors applicable to junior mining exploration companies generally to understand the variety of risks that can affect the Company. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. ![]() September 20, 2010 NPV10 = CAD$ 5.22 Billion and IRR = 27.3% Annual Production of 2.5 MTY for >40 years.
Vancouver, September 20, 2010 - WESTERN POTASH CORP. , (the “Company”) (TSX Venture: WPX) is pleased to announce the receipt of a positive Scoping Study (the “Study”) from AMEC Americas Limited (“AMEC”) on its 100% owned Milestone property in southern Saskatchewan. The Milestone property hosts a potash resource which consists of 41 million tonnes of Measured Resource (contained KCl), 133 million tonnes of Indicated Resource, and 560 million tonnes of Inferred Resource. The Scoping Study was based on, and supported by, the NI43-101 Technical Report titled “Technical Report Concerning Mineral Resource Estimate, Subsurface Mineral Permit KP 408 and KP 409, Saskatchewan”, dated July 12, 2010 and filed on SEDAR on July 16, 2010 (the “Report”). The Report was prepared by Agapito Associates Inc. and reported via news release dated June 3, 2010. The Qualified persons for the Report were Dr. Michael P. Hardy, P.E, P.Eng., P.G.,Dr. Douglas F. Hambley, P.E., P.Eng., P.G. and Dean Pekeski, P.Geo. This Study confirms that the Milestone resource shows significant positive economics and that the asset is of sufficient size and grade to support solution mining for more than forty years at a production rate of 2.5Mt/yr. The annual production rate can be expanded to a higher annual production rate, achievable through a higher level of capital expenditure. The Company cautions that mineral resources that are not mineral reserves do not have demonstrated economic viability. The Study recommends immediate commencement of a pre-feasibility study based on the attractive economic assessment presented in this report. Management is now studying the possibility of consolidating the pre and final feasibility processes, and producing and publishing only a final feasibility suitable for reaching a production decision and for attracting project debt finance. Management will be making recommendations to the board as to the scope of the formal studies yet to be completed. AMEC is a leading engineering firm that currently manages multiple potash expansion projects in Saskatchewan with a capital value of several billion dollars. AMEC was chosen to carry out Milestone’s preliminary economic assessment because of their technical expertise as engineers and EPCM contractors, as well as their experience in potash mine construction, potash processing and their expertise in producing potash feasibility studies. The AMEC Study was authored by Ryan Leyland, P. Eng. from AMEC. Patricio Varas, CEO and President commented “We are pleased that the Scoping Study confirms that the Milestone Potash project is an economically robust, stand alone project capable of delivering significant value for our shareholders. Not only does the Study show that the project is technically feasible and economically positive, it also shows that our favorable formation temperatures contribute to reduce our production costs by approximately 10%. We believe these features identify Milestone as one of the largest and best Tier 1 potash, greenfield, solution deposits, still available in the world today, that are ready for development. Our team has already started planning further studies that will further “de-risk” the project and allow for the construction of a mine at Milestone. The receipt of this positive Scoping Study is a significant milestone on the path towards building Saskatchewan’s most efficient potash solution mine” The Company will file an executive summary of the Study on the Milestone potash solution mining project with Canadian securities regulators within 45 days of this release. The Summary will be available on SEDAR at www.sedar.com, and also on the Company's website at www.westernpotash.com. The 100% owned Milestone property, comprising 500 square kilometers, is located 30 kilometers southeast of Regina, and southeast of Mosaic’s Belle Plaine Mine, one of the largest producing potash solution mines in the world. Western Potash Corp. is a mineral exploration company engaged in the evaluation, exploration and development of potash mineral properties in Western Canada. The Company intends to define and develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. The in-house qualified persons for the purposes of NI 43-101 guidelines are J. Patricio Varas, P. Geo and Dean Pekeski, P. Geo, both of whom have reviewed and approved the contents of this news release. For more information on Western Potash Corp.’s projects, please visit the Company’s website at: www.westernpotash.com ON BEHALF OF THE BOARD OF DIRECTOR “J. Patricio Varas” This news release contains Forward Looking Statements regarding our intentions and plans. Forward looking statements in this news release include that this Preliminary Economic Assessment confirms that the Milestone resource shows significant positive economics and that the asset is of sufficient size and grade to support solution mining for more than forty years at a production rate of 2.5Mt/yr; mineral resources that are not mineral reserves do not have demonstrated economic viability until they are upgraded; that the annual production rate can be expanded to a higher annual production rate given a higher level of capital expenditure; that the Scoping Study recommends immediate commencement of a pre-feasibility study; that Management is studying the possibility of consolidating the pre and final feasibility processes, and producing and publishing only a final feasibility suitable for reaching a production decision and for attracting project debt finance; that management will be making recommendations to the board as to the scope of the formal studies yet to be completed; that since the analysis is based on a cash flow estimate, it should be expected that actual financial results would vary from these predictions; that an accuracy assessment of the cost estimates was completed as part of this study and is estimated to be ±35%; that Patricio Varas, CEO and President commented “We are pleased that the Scoping Study confirms that the Milestone Potash project is an economically robust, stand alone project capable of delivering significant value for our shareholders. Not only does the Study show that the project is technically feasible and economically positive, it also shows that our favorable formation temperatures contribute to reduce our production costs by approximately 10%. We believe these features identify Milestone as one of the largest and best Tier 1 potash greenfield deposits, still available in the world today, that are ready for development. Our team has already initiated the definition and execution of a feasibility study plan that will further de-risk and allow for the construction of a mine at Milestone. The receipt of this positive Scoping Study is a significant milestone on the path towards building Saskatchewan’s most efficient potash solution mine”; that the Company will file an executive summary of the Scoping Study on the Milestone potash solution mining project with Canadian securities regulators on or before 45 days from the date of this news release. That the Summary will be available on SEDAR at www.sedar.com, and also on the Company's website. It is the Company’s policy not to update forward-looking statements other than as required by applicable securities laws and regulations. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices and success and failure of the exploration and development carried out at various stages of the program. Readers should review risk factors applicable to junior mining exploration companies generally to understand the variety of risks that can affect the Company. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. ![]() June 3, 2010 Western Potash Corp. (the “Company”) (TSX.V: WPX, FSE: AHE) is pleased to announce the receipt of an NI 43-101 compliant Mineral Resource Estimate for its Milestone property in southern Saskatchewan. This updated resource estimate significantly upgrades the Milestone potash resource, which consists of 41 million tonnes of Measured Resource (contained KCl), 133 million tonnes of Indicated Resource, and 560 million tonnes of Inferred Resource. The resource estimate at Milestone was prepared by Agapito Associates Inc. (“AAI”) of Grand Junction, Colorado. AAI has extensive experience in solution mining, resource characterization and preparation of 43-101 Technical Reports on Potash Resources. AAI’s experience includes work for Intrepid Potash Inc in the US, Rio Tinto and Vale at the PRC project in Argentina and for several prospective potash projects located in Saskatchewan. Mineral resources for the potential solution mining intervals (Patience Lake, Belle Plaine, and Esterhazy Members excluding interbeds) are estimated to be as follows: Measured Resource: 409 Mt in place sylvinite grading 31.0% KCl, or 19.6% K2O Indicated Resource: 1,382 Mt in place sylvinite grading 30.8% KCl, or 19.45% K2O Inferred Resource: 7,034 Mt in place sylvinite grading 30.9% KCl, or 19.5% K2O A detailed summary of the Measured, Indicated and Inferred Mineral Resource is presented in Table 1, 2 and 3 respectively. Patricio Varas, CEO and President of the Company commented “We are very pleased with the results of this report which demonstrates that our resource can support an annual potash production rate of 3 million tonnes for well over 40 years. We are now awaiting the delivery of our Scoping Study towards the end of July. The directors expect that the report will confirm that our Milestone Solution Mining project is indeed a world class asset.” Table 1. Measured Mineral Resource* * Search Radius of 800 m used; Mt = million tonnes; Patience Lake thickness > 1.1 m, Belle Plaine K2O grade > 15%, Esterhazy Carnallite < 6%, Density = 2.08, KCl = 1.58303 K2O. Table 2. Indicated Mineral Resource * * Search Radius: 1.6 km outside radius and 2.5 km inner radius (between drill holes); Mt = million tonnes; Patience Lake thickness > 1.1 m, Belle Plaine K2O grade > 15%, Esterhazy Carnallite < 6%, Density = 2.08, KCl = 1.58303 K2O. Table 3. Inferred Mineral Resource* * 8.0 km radius used; Mt = million tonnes; Patience Lake thickness > 1.1 m, Belle Plaine K2O grade > 15%, Esterhazy Carnallite < 6%, Density = 2.08, KCl = 1.58303 K2O. AAI have made estimates of the Measured, Indicated and Inferred Mineral Resources based on a Radius of Influence (ROI) similar to that applied by mine operators and peer group explorers working on solution mining properties in the region. Furthermore, the Measured, Indicated, and Inferred Mineral Resources were arrived at by discounting the overall calculated tonnage by Loss Factors of 5%, 9% and 25% respectively, to account for unknown geologic anomalies. The resulting potash quantity was further reduced using an extraction ratio factor of 34.6%, which is the estimated potash available to be extracted for the life of an envisioned operation leaving sufficient material to support cavern stability. The resource estimate was prepared in accordance with the requirements of NI 43-101 of the Canadian securities regulators. As required by NI 43-101, a technical report supporting the resource estimate will be filed on SEDAR and be publicly available within 45 days following the date of this news release. In calculating the initial mineral resource AAI incorporated historical information available from public sources as well as new resource information obtained from exploration conducted by Western Potash between January 2009 and May 2010. Figure 1. Measured, Indicated and Inferred Mineral Resource Areas. The 100% owned Milestone property, comprising 500 square kilometers, is located 30 kilometers southeast of Regina, and southeast of Mosaic’s Belle Plaine Mine, one of the largest producing potash solution mines in the world. About Western Potash Western Potash Corp. is a mineral exploration company engaged in the evaluation, exploration and development of potash mineral properties in Western Canada. The Company intends to define and develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. This news release was reviewed by Dr. Michael Hardy P.E., and Douglas Hambley P.E. and P. Geo., of Agapito Associates Inc. Both individuals are Qualified Persons under NI 43-101 Rules and Policies and are co-authors of the updated NI 43-101 Technical Report on which this news release is based. The in-house qualified persons for the purposes of NI 43-101 guidelines are J. Patricio Varas, P. Geo and Dean Pekeski, P. Geo, both of whom have reviewed and approved the contents of this news release. Dean Pekeski is also co-author of the updated NI 43-101 Technical Report on which this news release is based. For more information on Western Potash Corp.’s projects, please visit the Company’s website at: www.westernpotash.com ON BEHALF OF THE BOARD OF DIRECTORS “J. Patricio Varas” This news release contains Forward Looking Statements regarding our intentions and plans. Forward looking statements in this news release include;Milestone deposit can support an annual potash production rate of 3 million tonnes for well over 40 years.We are now awaiting the delivery of our Scoping Study towards the end of July. The directors expect that the report will confirm that our Milestone Solution Mining project is indeed a world class asset.” that Agapito Associates Inc. of Golden, Colorado has also been engaged to complete an NI-43-101 compliant indicated and inferred resource calculation based on the results of the expanded definition drilland seismic program; that this report is expected to be complete during the second quarter of 2010. It is the Company’s policy not to update forward looking statements. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices and success and failure of the exploration and development carried out at various stages of the program. Readers should review risk factors applicable to junior mining exploration companies generally to understand the variety of risks that can affect the Company. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. ![]() June 1, 2010 Western Potash Corp. (the “Company”) (TSX.V: WPX, FSE: AHE) wishes to announce that it has granted 1,000,000 stock options to directors, officers, employees and consultants of the Company, at a price of $0.50 per share. The options will expire five years from the date of issuance. ON BEHALF OF THE BOARD OF DIRECTORS “Patrick Power” Patrick Power, Director
This news release may containForward Looking Statements regarding our intentions and plans. It is the Company’s policy not to update forward looking statements, other than as required by securities laws and regulations. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices and success and failure of the exploration and development carried out at various stages of the program. Readers should review risk factors applicable to junior mining exploration companies generally to understand the variety of risks that can affect the Company. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. ![]() April 26, 2010 Vancouver, April 26, 2010 - Western Potash Corp. (the “Company”) (TSX.V: WPX, FSE: AHE) wishes to announce that further to the company’s news regarding the detection of hydrocarbons on the Milestone property reported on the February 2, 2010 news release, the Company will no longer continue the “P&NG” (“Petroleum and Gas”) exploration program that was proposed in the March 31, 2010 news release. Results from further evaluation of all available geological information and rock chips recovered from potash drilling by P&NG experts indicates that the formations previously reported showing the presence of neutron-density crossovers (neutron capture) indicating potential for hydrocarbons, have been flooded with transported salt, effectively eliminating the rock porosity. The Company will not pursue further exploration for hydrocarbons or incur any expenditure to further study this potential. Western Potash Corp. is a mineral exploration company engaged in the evaluation, exploration and development of potash mineral properties in Western Canada. The Company intends to define and develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. The in-house qualified persons for the purposes of NI 43-101 guidelines are J. Patricio Varas, P. Geo and Dean Pekeski, P. Geo, both of whom have reviewed and approved the contents of this news release. The contents of this news release were also reviewed and approved by J. R. Britton, P. Geol., P. Eng., a Qualified Person under NI 51-101 Rules and Policies. N BEHALF OF THE BOARD OF DIRECTORS “J. Patricio Varas” This news release contains Forward Looking Statements regarding our intentions and plans. Forward looking statements in this news release include that further to the company’s news regarding the detection of hydrocarbons on the Milestone property, the Company will no longer continue to explore the “P&NG” (“Petroleum and Gas”) exploration program that was proposed in the March 31, 2010 news release; that results from further evaluation of all available geological information and rock chips recovered from potash drilling by P&NG experts indicates that the formations previously reported showing the presence of neutron-density crossovers (neutron capture) indicating potential for hydrocarbons, have been flooded with transported salt effectively eliminating the rock porosity; that the Company will not pursue further exploration for hydrocarbons or any expenditures to further study this potential. It is the Company’s policy not to update forward looking statements. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices and success and failure of the exploration and development carried out at various stages of the program. Readers should review risk factors applicable to junior mining exploration companies generally to understand the variety of risks that can affect the Company. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. ![]() April 26, 2010 Vancouver, April 26, 2010 - Western Potash Corp. (the “Company”) (TSX.V: WPX, FSE: AHE) wishes to announce that further to the company’s news regarding the detection of hydrocarbons on the Milestone property reported on the February 2, 2010 news release, the Company will no longer continue the “P&NG” (“Petroleum and Gas”) exploration program that was proposed in the March 31, 2010 news release. Results from further evaluation of all available geological information and rock chips recovered from potash drilling by P&NG experts indicates that the formations previously reported showing the presence of neutron-density crossovers (neutron capture) indicating potential for hydrocarbons, have been flooded with transported salt, effectively eliminating the rock porosity. The Company will not pursue further exploration for hydrocarbons or incur any expenditure to further study this potential. Western Potash Corp. is a mineral exploration company engaged in the evaluation, exploration and development of potash mineral properties in Western Canada. The Company intends to define and develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. The in-house qualified persons for the purposes of NI 43-101 guidelines are J. Patricio Varas, P. Geo and Dean Pekeski, P. Geo, both of whom have reviewed and approved the contents of this news release. The contents of this news release were also reviewed and approved by J. R. Britton, P. Geol., P. Eng., a Qualified Person under NI 51-101 Rules and Policies. ON BEHALF OF THE BOARD OF DIRECTORS “J. Patricio Varas” This news release contains Forward Looking Statements regarding our intentions and plans. Forward looking statements in this news release include that further to the company’s news regarding the detection of hydrocarbons on the Milestone property, the Company will no longer continue to explore the “P&NG” (“Petroleum and Gas”) exploration program that was proposed in the March 31, 2010 news release; that results from further evaluation of all available geological information and rock chips recovered from potash drilling by P&NG experts indicates that the formations previously reported showing the presence of neutron-density crossovers (neutron capture) indicating potential for hydrocarbons, have been flooded with transported salt effectively eliminating the rock porosity; that the Company will not pursue further exploration for hydrocarbons or any expenditures to further study this potential. It is the Company’s policy not to update forward looking statements. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices and success and failure of the exploration and development carried out at various stages of the program. Readers should review risk factors applicable to junior mining exploration companies generally to understand the variety of risks that can affect the Company. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. ![]() April 22, 2010 Vancouver, April 22, 2010 - Western Potash Corp. (the “Company”) (TSX.V: WPX, FSE: AHE) is pleased to announce that it has received results from the final well completed as part of the expanded 5 well, $8.5 million CAD resource definition drill program on the Milestone property in southern Saskatchewan. The Milestone-006 well reported a 16.65 m composite intersection of potash mineralization with a weighted average grade of 21.07 wt % K2O across three potash members. A summary of the results from this well is presented in Table 1. Results from this well were delayed as the samples were submitted for engineering tests prior to being submitted for geochemical analysis. Table 1: Potash thickness and weighted average grade from the Milestone–006 well. Note: Total intervals noted in this release are composites. All drill intercepts noted in this release are considered the true thickness of the mineralization; as the salt beds are relatively flat-lying and down-hole directional surveys indicate the hole was essentially vertical upon intersecting the salt and potash sequences. The core recovered from this hole was logged, photographed, split, and sampled at the Company’s secure core storage facility on the property. All samples were handled in accordance with the Company’s Chain of Custody procedures. The half-split core samples from the wells were analyzed at the Saskatchewan Research Council (SRC) Laboratory in Saskatoon. The Laboratory has been certified by the Standards Council of Canada (SCC) to conform to the requirements of ISO/IEC 17025:2005 (CAN-P-4E). Results from this well confirm that very little or no carnallite is evident in any of the three potash members. Management regards the absence of carnallite in the Esterhazy member in this area as highly encouraging, as additional resources will be brought into the resource calculation models which were not included in the initial resource calculation. The Company wants to emphasize that the presence, thicknesses and grade of the potash beds in this well is similar in tenor and as encouraging as those seen in the previously reported eight wells. This indicates a remarkable continuity of the potash beds in the region. The Company feels that the thicknesses and grades obtained by geochemical sampling and down-hole gamma ray logging are consistent with those mined at the Belle Plaine solution mine. The objective of this resource definition drill program is to define the grade, thickness, and extent of the higher grade potash zone around well 003, which reported a composite thickness of 24.4m of potash mineralization with a grade of 18.2% wt K2O within the Patience Lake, Belle Plaine and Esterhazy members. The Company is currently compiling this information to update the NI 43-101 resource calculation that was announced on February 2, 2010. The initial resource estimate consists of 32 million tonnes of indicated potash resource, as well as, 230 million tonnes of inferred potash resource (contained KCl). The Company is also pleased to announce that the three dimensional (3D) seismic program designed to aid in upgrading the initial resource estimate reported in its February 2, 2010 news release, has now been completed. Boyd PetroSearch of Calgary, Alberta, a global geophysical consulting firm providing an integrated approach to managing geophysical projects around the world, with expertise on potash projects was contracted to complete this survey. Three dimensional (3D) seismic surveys are highly effective subsurface analytical tools, aiding in the identification and estimation of the extent of salt loss, solution-collapse anomalies, void-space mapping and other subsurface geological conditions. The 3D seismic data provides a more detailed representation of the subsurface stratigraphy between drill holes on the property, and allows for a larger radius of influence to be used when estimating mineral resources. The survey covered a total area of over 98 km2 and consisted of 410 km of source lines and 405 km of receiver lines. Boyd PetroSearch will now oversee the data processing and interpret this seismic data. The initial seismic interpretations are expected to be available within two to three weeks. Agapito Associates Inc. of Golden, Colorado has now been provided with the well data and will continue to prepare and update an NI43-101 compliant resource calculation. The report based on the results of the nine well drill program, as well as, the 2D and 3D interpreted seismic survey data is expected to be completed during the second quarter of 2010. The in-house qualified persons for the purposes of NI 43-101 guidelines are J. Patricio Varas, P. Geo and Dean Pekeski, P. Geo, both of whom have reviewed and approved the contents of this news release. For more information on Western Potash Corp.’s projects, please visit the Company’s website at: www.westernpotash.com ON BEHALF OF THE BOARD OF DIRECTORS “J. Patricio Varas” This news release contains Forward Looking Statements regarding our intentions and plans. Forward looking statements in this news release include that results from this well confirm very little or no carnallite is evident in any of the three potash members that; management regards the absence of carnallite in the Esterhazy member as highly encouraging; that additional resources will be brought into the resource calculation models which were not included in the initial resource calculation; that the Company wants to emphasize that the presence, thicknesses and grade of the potash beds in this well is similar in tenor and as encouraging as those seen in the previously reported eight wells; that this indicates a remarkable continuity of the potash beds in the region; that the thicknesses and grades obtained by geochemical sampling and down-hole gamma ray logging are consistent with those mined at the Belle Plaine solution mine; that the objective of this resource definition drill program is to define the grade, thickness, and extent of the higher grade potash zone around well 003; that Boyd PetroSearch of Calgary, Alberta, a global geophysical consulting firm with expertise on potash projects was contracted to complete a seismic survey; that three dimensional (3D) seismic surveys are highly effective subsurface analytical tools, aiding in the identification and estimation of the extent of salt loss, solution-collapse anomalies, void-space mapping and other subsurface geological conditions; that the 3D seismic data provides a more detailed representation of the subsurface stratigraphy between drill holes on the property, and allows for a larger radius of influence to be used when estimating mineral resources; that the initial seismic interpretations are expected to be available within two to three weeks; that Agapito Associates Inc. of Golden, Colorado has now been provided with the well data and will continue to prepare and update an NI43-101 compliant resource calculation; that the report based on the results of the nine well drill program, as well as, the 2D and 3D interpreted seismic survey data is expected to be completed during the second quarter of 2010. It is the Company’s policy not to update forward looking statements. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices and success and failure of the exploration and development carried out at various stages of the program. Readers should review risk factors applicable to junior mining exploration companies generally to understand the variety of risks that can affect the Company. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. ![]() April 19, 2010 Vancouver, January 19, 2011- WESTERN POTASH CORP., (the “Company”) (TSX Venture: WPX) is pleased to announce that AMEC Americas Limited (“AMEC”) has been engaged as the Lead Engineering Consultant for the Feasibility Study Process on the Company’s Milestone Potash Project (“Milestone”). This process begins with the commencement of a Prefeasibility Study (the “PFS”). The Company, AMEC, as well as, other consultants, will each contribute expertise to specific elements of the PFS. This includes all the facilities required for the development of a new potash solution mining operation. The PFS scope incorporates prefeasibility level engineering for all facets of the project required in order to reach the target plant capacity. The exact plant capacity for the feasibility study is not yet established, but, will be reflective of the most profitable throughput possible for a plant with two optimized trains of evaporation and crystallization. Both primary and secondary cavern production will be included in the solution mining methodology. The PFS will also provide for the mitigation of environmental impact and for ultimate closure. Specific elements of the PFS include:
Patricio Varas, CEO and President commented: “We are pleased to get the feasibility process underway and we are confident that this process will continue to de-risk what management believes to be one of the largest and best Tier 1 potash, greenfield, solution deposits, still available in the world today”. Varas also noted that: “at management’s election and in conjunction with contributions from one of a number of targeted mine development partners the feasibility study process can be accelerated”. Furthermore, “work necessary to file for environmental and other permits is underway” commented Varas. AMEC is a leading engineering firm that currently manages multiple potash expansion projects in Saskatchewan with a capital value of several billion dollars. AMEC was selected because of their technical expertise as engineers and EPCM contractors, as well as their experience in potash mine construction, potash processing and their expertise in producing potash feasibility studies. AMEC previously completed the Milestone Potash Project Scoping Study (the “Study”) as reported via press release dated September 20, 2010. The Study confirmed that the Milestone resource shows significant positive economics, and that the asset is of sufficient size and grade to support solution mining for more than forty years at a production rate of 2.5Mt/yr. Work by AAI will update the current NI 43-101 Technical Report titled “Updated Technical Report Concerning Mineral Resource Estimates Subsurface Mineral Permits KP 408 and KP 409, Saskatchewan”, dated July 12, 2010 and filed on SEDAR on July 16, 2010 (the “Report”). AAI has extensive experience in solution mining, resource characterization and preparation of 43-101 Technical Reports on Potash Resources. AAI’s experience includes work for Intrepid Potash Inc. in the US, Rio Tinto and Vale at the PRC project in Argentina, and for several prospective potash projects located in Saskatchewan. Golder Associates Ltd. of Saskatoon, Saskatchewan continues to assist the Company with environmental baseline studies and the preparation of an Environmental Impact Statement (“EIS”) for the Milestone project. This work remains on schedule and on budget, with an anticipated EIS submission date of Q3 2012. The 100% owned Milestone property, comprising 500 square kilometers, is located 30 kilometers Southeast of Regina, and Southeast of Mosaic’s Belle Plaine Mine, one of the largest producing potash solution mines in the world. Western Potash Corp. is a mineral exploration company engaged in the evaluation, exploration and development of potash mineral properties in Western Canada. The Company intends to define and develop a world-class potash deposit in an ecologically sustainable, economically efficient, and socially responsible manner. The in-house qualified persons for the purposes of NI 43-101 guidelines are J. Patricio Varas, P. Geo and Dean Pekeski, P. Geo, both of whom have reviewed and approved the contents of this news release. ON BEHALF OF THE BOARD OF DIRECTORS “J. Patricio Varas”
Cautions Regarding Forward-Looking Statements This news release contains Forward Looking Statements regarding our intentions and plans. Forward looking statements in this news release include the proposed prefeasibility study (the “PFS”) and readers are cautioned that: mineral resources that are not mineral reserves do not have demonstrated economic viability until they are upgraded; that management is studying the possibility of consolidating the pre and final feasibility processes, and producing and publishing only a final feasibility suitable for reaching a production decision and for attracting project debt finance; that Patricio Varas, CEO and President commented: “that this process will continue to de-risk what management believes to be one of the largest and best Tier 1 potash, greenfield, solution deposits, still available in the world today”; that the Company would like to note that at management’s election and in conjunction with decisions from a number of targeted mine development partners that the feasibility study process could be accelerated; that work necessary to file for environmental and other permits is well underway; that management will be making future recommendations to the board as to the scope of the PFS yet to be completed and that such recommendations may change over time; that any analysis is based on a cash flow estimate, it should be expected that actual financial results would vary from these predictions; that an accuracy assessment of the cost estimates will completed as part of this study; various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices and success and failure of the exploration and development carried out at various stages of the program. Readers should review risk factors applicable to junior mining exploration companies generally to understand the variety of risks that can affect the Company. It is the Company’s policy not to update forward-looking statements other than as required by applicable securities laws and regulations. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. ![]() April 13, 2010 Western Potash Corp. (the “Company”) (TSX.V: WPX, FSE: AHE) is pleased to announce that AMEC Americas Limited, a TSX publicly traded, international supplier of high-value consultancy, engineering and project management services with an office in Saskatoon, Saskatchewan has been engaged and has initiated a preliminary economic assessment of the Milestone Potash Project (the “Scoping Study”). AMEC is currently managing multiple potash expansion projects with a capital value of several billion dollars. AMEC was chosen by the Company because of their experience, proven record and commercial expertise, though final selection was primarily due to their depth of technical expertise within the potash industry. The preliminary economic assessment will aim to conceptualize the viability of a potash mining operation on the Milestone property. The Scoping Study will place particular focus on quantifying the expected beneficial effects that the higher Potash formation temperatures measured at Milestone may have on reducing the energy requirements of a Potash operation, so as to estimate potential operating cost savings. Golder Associates Ltd. of Saskatoon, Saskatchewan will assist the Company with environmental baseline studies and the preparation of an Environmental Impact Statement (“EIS”) for the project. The target date for delivery of the Scoping Study is estimated to be toward the end of July of 2010. Western Potash Corp. is a mineral exploration company engaged in the evaluation, exploration and development of potash mineral properties in Western Canada. The Company intends to define and develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. The in-house qualified persons for the purposes of NI 43-101 guidelines are J. Patricio Varas, P. Geo and Dean Pekeski, P. Geo, both of whom have reviewed and approved the contents of this news release. The contents of this news release were also reviewed and approved by J. R. Briton, P. Geol., P. Eng., a Qualified Person under NI 51-101 Rules and Policies. ON BEHALF OF THE BOARD OF DIRECTORS “J. Patricio Varas” This news release contains Forward Looking Statements regarding our intentions and plans. Forward looking statements in this news release include that AMEC Americas Limited has been engaged and has initiated a preliminary economic assessment of the Milestone Potash Project (the “Scoping Studythat AMEC was chosen by the Company because of their experience, proven record and commercial expertise, though final selection was primarily due to their technical expertise within the potash industry; that the preliminary economic assessment will aim to conceptualize the viability of a potash mining operation on the Milestone property; that the Scoping Study will place particular focus on quantifying the expected beneficial effects that the higher Potash formation temperatures measured at Milestone may have on reducing the energy requirements of a Potash operation, so as to estimate potential operating cost savings; that Golder Associates Ltd will assist the Company with environmental baseline studies and the preparation of an Environmental Impact Statement (“EIS”) for the project that the target date for delivery of the Scoping Study is estimated to be toward the end of July of 2010. . It is the Company’s policy not to update forward looking statements. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices and success and failure of the exploration and development carried out at various stages of the program. Readers should review risk factors applicable to junior mining exploration companies generally to understand the variety of risks that can affect the Company. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. ![]() April 6, 2010 Vancouver, April 6, 2010 - Western Potash Corp. (the “Company”) (TSX.V: WPX, FSE: AHE) is pleased to announce that further to the company’s news regarding the detection of hydrocarbons on the Milestone property reported in the February 2, 2010 news release, the board has approved an initial Petroleum and Natural Gas (“P&NG”) exploration and evaluation program. The initial program will entail the evaluation of 3-D seismic data, as well as the evaluation of soils for regional distribution of hydrocarbons. In conjunction with its potash resource upgrade program the Company recently completed a $3 million, comprehensive 3-D seismic acquisition program. The Company will use this data not only in its potash program but also it will utilize this data to evaluate the hydrocarbon trap setting and to determine the extent of the hydrocarbon hosting formations. In addition, the P&NG exploration program includes the collection of surface soil samples to evaluate the regional distribution of hydrocarbons. To carry out this work, the Company has engaged ChemTerra International Consultants Ltd (“CTI”) to conduct a regional soil gas sampling program using CTI’s Geochemical Exploration Lead (“GEL”) procedure. The GEL Technology, developed in recent years by CTI, applies numerical unmixing techniques to discriminate individual gas sources in the soil. By using the GEL technique, areas of active hydrocarbon reservoir seepage may be recognized, quantified and spatially outlined. The Company reports that 553 soil gas samples, covering 83 line-km, have been collected and are currently being analyzed by CTI. Results of the geochemical sampling program are expected within 3 weeks. In order to plan further P&NG exploratory work, the soil gas data will be integrated with the existing 2D seismic data, the recently acquired 3D seismic data, the existing well logs and the chip sample data. All data will be evaluated for P&NG potential and to spot P&NG exploration well locations (within privately held lands currently under lease). Drill programs will be designed to evaluate multiple P&NG zones in each well, with the goal to delineate proven hydrocarbon reserves. The company expects that an initial drill program could commence near the end of the second quarter, once well licenses are approved and road restrictions due to spring weather are removed. Western Potash Corp. is a mineral exploration company engaged in the evaluation, exploration and development of potash mineral properties in Western Canada. The Company intends to define and develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. The in-house qualified persons for the purposes of NI 43-101 guidelines are J. Patricio Varas, P. Geo and Dean Pekeski, P. Geo, both of whom have reviewed and approved the contents of this news release. The contents of this news release were also reviewed and approved by J. R. Briton, P. Geol., P. Eng., a Qualified Person under NI 51-101 Rules and Policies.
ON BEHALF OF THE BOARD OF DIRECTOR “J. Patricio Varas” This news release contains Forward Looking Statements regarding our intentions and plans. Forward looking statements in this news release include that the board has approved an initial Petroleum and Natural Gas (“P&NG”) exploration and evaluation program; that the initial program will entail the evaluation of 3-D seismic data, as well as the evaluation of soils for regional distribution of hydrocarbons; that the Company completed a comprehensive 3-D seismic program; that the Company will use this data in its potash program but also to evaluate the hydrocarbon trap setting and to determine the extent of the hydrocarbon hosting formations; that in addition, the P&NG exploration program includes the collection of surface soil samples to evaluate the regional distribution of hydrocarbons; that the Company has engaged ChemTerra International Consultants Ltd (“CTI”) to conduct a regional soil gas sampling program; that the Company reports that 553 soil gas samples, covering 83 line-km, have been collected and are currently being analyzed by CTI; that results of the geochemical sampling program are expected within 3 weeks; that in order to plan further P&NG exploratory work, the soil gas data will be integrated with the existing 2D seismic data, the recently acquired 3D seismic data, the existing well logs and the chip sample data; that all data will be evaluated for P&NG potential and to spot P&NG exploration well locations; that drill programs will be designed to evaluate multiple P&NG zones in each well, with the goal to delineate proven hydrocarbon reserves; that the company expects that an initial drill program could commence near the end of the second quarter. It is the Company’s policy not to update forward looking statements. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices and success and failure of the exploration and development carried out at various stages of the program. Readers should review risk factors applicable to junior mining exploration companies generally to understand the variety of risks that can affect the Company. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. ![]() March 24, 2010 Western Potash Corp. (the "Company") (TSX VENTURE:WPX)(FRANKFURT:AHE) is pleased to announce that it has received results from two wells completed as part of the expanded 5 well, $8.5 million CAD resource definition drill program on the Milestone property in southern Saskatchewan. The objective of this program is to define the grade, thickness, and extent of the higher grade potash zone around well 003, which reported a composite thickness of 24.4m of potash mineralization with a grade of 18.2% wt K2O within the Patience Lake, Belle Plaine and Esterhazy members. The Company will use this information to update the NI 43-101 resource calculation the Company announced on February 2, 2010. The initial resource estimate consists of 32 million tonnes of indicated potash resource (contained KCl) plus 230 million tonnes of inferred potash resource. The wells reported in this release are the eighth and ninth wells drilled on the property. The Milestone-007 well reported an 18.45 m composite intersection of potash mineralization with a weighted average grade of 19.09 wt % K2O across three potash members, while the Milestone-008 well reported a 21.45 m composite intersection of potash mineralization with a weighted average grade of 19.88 wt % K2O across three potash members. A summary of the results from these two wells are presented in Table 1. Table 1: Potash thickness and weighted average grade from the Milestone–007 and Milestone-008 wells. Note: Total intervals noted in this release are composites. All drill intercepts noted in this release are considered the true thickness of the mineralization; as the salt beds are relatively flat-lying and down-hole directional surveys indicate the hole was essentially vertical upon intersecting the salt and potash sequences. The core recovered from this hole was logged, photographed, split, and sampled at the Company's secure core storage facility on the property. All samples were handled in accordance with the Company's Chain of Custody procedures. The half-split core samples from the wells were analyzed at the Saskatchewan Research Council (SRC) Laboratory in Saskatoon. The Laboratory has been certified by the Standards Council of Canada (SCC) to conform to the requirements of ISO/IEC 17025:2005 (CAN-P-4E). Results from these wells confirm that very little or no Carnallite is evident in any of the three potash members, within a large area that surrounds several of the wells in the resource definition area (surrounding well 003). The absence of Carnallite in the Esterhazy member in these two wells, as well as, the Milestone-005 reported previously encourages management to suggest that in some areas of the Milestone property the Esterhazy member can be brought into the resource calculation models, potentially increasing the potash resource. The Company points out that the presence, thicknesses and grade of the potash beds in these wells are similar in tenor and are as encouraging as those seen in previous wells and indicate a remarkable continuity of the potash beds in the region when comparing with the results reported for the first four wells. The Company feels that the thicknesses and grades obtained by geochemical sampling and down hole gamma ray logging are consistent with those mined at the Belle Plaine solution mine. Results from Milestone-006, the seventh well drilled on the property will be released once geochemical assays are available. Several intervals from this well were selected for mechanical engineering tests which are underway but must be completed prior to geochemical analysis. Western Potash Corp. is a mineral exploration company engaged in the evaluation, exploration and development of potash mineral properties in Western Canada. The Company intends to define and develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. The in-house qualified persons for the purposes of NI 43-101 guidelines are J. Patricio Varas, P. Geo and Dean Pekeski, P. Geo, both of whom have reviewed and approved the contents of this news release. ON BEHALF OF THE BOARD OF DIRECTORS J. Patricio Varas, President and CEO This news release contains Forward Looking Statements regarding our intentions and plans. Forward looking statements in this news release include that the Company will use information from the current definition drill program to update the NI 43-101 resource calculation the Company announced on February 2, 2010; that the initial resource estimate consists of 32 million tonnes of indicated potash resource (contained KCl) plus 230 million tonnes of inferred potash resource; that the wells reported in this release are the eighth and ninth wells drilled on the property; that the Milestone-007 well reported an 18.45 m composite intersection of potash mineralization with a weighted average grade of 19.09 wt % K2O across three potash members, while the Milestone-008 well reported a 21.45 m composite intersection of potash mineralization with a weighted average grade of 19.88 wt % K2O across three potash members; that results from these wells confirm very little or no Carnallite is evident in any of the three potash members, within a large area that surrounds several of the wells in the resource definition area (surrounding well 003); that the absence of Carnallite in the Esterhazy member in these two wells, as well as, the Milestone-005 encourages management to suggest that in some areas of the Milestone property the Esterhazy member can be brought into the resource calculation models, potentially increasing the potash resource; that the presence, thicknesses and grade of the potash beds in these wells are similar in tenor and are as encouraging as those seen in previous wells and indicate a remarkable continuity of the potash beds in the region when comparing with the results reported for the first four wells; that the Company feels the thicknesses and grades obtained by geochemical sampling and down hole gamma ray logging are consistent with those mined at the Belle Plaine solution mine; that the results from Milestone-006, the seventh well drilled on the property will be released once geochemical assays are available. It is the Company's policy not to update forward looking statements. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices and success and failure of the exploration and development carried out at various stages of the program. Readers should review risk factors applicable to junior mining exploration companies generally to understand the variety of risks that can affect the Company. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. ![]() February 17, 2010 Western Potash Corp. (the “Company”) (TSX.V: WPX, FSE: AHE) has received a very encouraging report from an oil and gas consultant commissioned to evaluate drill hole data collected during the Company’s definition drilling program at its Milestone project in Saskatchewan. A total of 9 wells have been drilled at Milestone while defining the new potash resource, (link to news release), which was reported previously on February 2, 2010. The down-hole geophysical logs have indicated the presence of neutron-density crossovers (neutron capture) in two zones in all 9 wells. A close inspection of the neutron capture, combined with data on lithology and porosity indicate the presence of hydrocarbons. The wells along this indicated hydrocarbon zone span a distance of 18.5 kms in strike length. The data was evaluated by J.R. Britton, P. Geol., P. Eng., a petroleum geologist with over 40 years experience in the basin. Mr. Britton’s interpretation shows that two of the formations have significant areas of possible natural gas. In his report, further work is recommended including the completion of additional test wells to collect pressure, gas quality, and deliverability data in order to reduce investment risk and assess the natural gas production potential of this area. The company wells were drilled to hydrocarbon industry standards where lithology and down-hole logs, including resistivity, sonic, neutron density and caliper logswere recorded for all the formations drilled from surface casing to just below the Potash beds. Patricio Varas, CEO of the company commented that:" the possibility of having sizable natural gas pools sitting on the door step of our Potash deposit would represent a significant advantage to any future plans to develop the Milestone potash resource". The supply of natural gas is key to the economics of Potash resource extraction as solution mining and the subsequent refining processes are energy intensive. The company contemplates that should production of hydrocarbons be possible and viable, that any production in excess of Western’s energy needs to run its potash operations would be sold into the existing gas pipeline infrastructure. The Trans Canada Pipeline lies adjacent to the potential natural gas zone. Management is excited about this prospect and is formulating a strategy to move forward with this opportunity. The first step in this strategy has been to secure all the available private oil and gas rights in the Milestone area. To this effect, the Company has been actively acquiring the PNG (petroleum natural gas) rights from private landowners as part of its potash land acquisition strategy at Milestone, which covers 65% of the prospective area. The Crown PNG rights are currently unavailable as they are located within the Company’s currently active potash exploration permits, and are not subject to Provincial PNG land sales. The next step will be to drill and test the interpreted hydrocarbon zones. The Company is investigating doing this on a 100% basis or through a joint venture with an Oil and Gas third party, utilizing standard hydrocarbon industry JV and option agreements. The Company will keep the right to extract the natural gas for Potash production at cost, which ever strategy is chosen. About Western Potash Western Potash Corp. is a mineral exploration company engaged in the evaluation, exploration and development of potash mineral properties in Western Canada. The Company intends to define and develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. The contents of this news release was reviewed and approved by J.R. Briton, P. Geol., P. Eng., a Qualified Person under NI 51-101 Rules and Policies. ON BEHALF OF THE BOARD OF DIRECTORS “J. Patricio Varas” This news release contains Forward Looking Statements regarding our intentions and plans. Forward looking statements in this news release include that it has received a very encouraging report from an oil and gas consultant where the down-hole geophysical logs at Milestone have indicated the presence of neutron-density crossovers (neutron capture) in two zones in all 9 wells drilled; that a close inspection of these neutron capture crossovers, combined with data on lithology and porosity indicate the presence of hydrocarbons; that the data evaluated and interpreted by J.R. Britton, P. Geol., P. Eng., shows that two of the formations have significant areas of possible natural gas; that further work is recommended including the completion of additional test wells to collect pressure, gas quality, and deliverability data in order to reduce investment risk and assess the natural gas production potential of this area; that the company wells were drilled to hydrocarbon industry standards where lithology and down-hole logs, including resistivity, sonic, neutron density and caliper logswere recorded for all the formations drilled from surface casing to just below the potash beds; that Patricio Varas, CEO of the company commented that:" the possibility of having a sizable natural gas pool sitting on the door step of our Potash deposit would represent a significant advantage to any future plans to develop the Milestone potash resource"; that the supply of natural gas is key to the economics of Potash resource extraction as solution mining and the subsequent refining processes are energy intensive; that the company contemplates that should production of hydrocarbons be possible and viable, that any production in excess of Western’s energy needs to run its potash operations would be sold into the existing gas pipeline infrastructure; that Management is formulating a strategy to move forward with this opportunity, initially securing all the available private oil and gas rights in the Milestone area; that the Company has been actively acquiring the PNG (petroleum natural gas) rights from private landowners as part of its potash land acquisition strategy at Milestone; that the next step will be to drill and test the interpreted hydrocarbon zones; that the Company is investigating doing this on a 100% basis or through a joint venture with an Oil and Gas third party; that the Company will keep the right to extract the natural gas for Potash production at cost, which ever strategy is chosen. It is the Company’s policy not to update forward looking statements. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices and success and failure of the exploration and development carried out at various stages of the program. Readers should review risk factors applicable to junior mining exploration companies generally to understand the variety of risks that can affect the Company.
“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.” ![]() February 2, 2010 Western Potash Corp. (the “Company”) (TSX.V: WPX, FSE: AHE) is pleased to announce the receipt of an NI 43-101 compliant Mineral Resource Estimate for its Milestone property in southern Saskatchewan. This initial resource estimate consists of 32 million tonnes of indicated potash resource (contained KCl) plus 230 million tonnes of inferred potash resource. The resource estimate at Milestone was prepared by Agapito Associates Inc. (“AAI”) of Grand Junction, Colorado. AAI has extensive experience in solution mining, resource characterization and preparation of 43-101 Technical Reports on Potash Resources. AAI’s experience includes work for Intrepid Potash Inc in the US, Rio Tinto and Vale at the PRC project in Argentina and for several prospective potash projects located in Saskatchewan. A summary of the Indicated and Inferred Mineral Resource within Crown and Leased Freehold Areas is presented in Table 1 and 2 respectively. Table 1. Indicated Mineral Resource within Crown and Leased Freehold Areas Only* * Search Radius of 1.6 Km (1 mile) used; Mt = million tonnes Table 2. Inferred Mineral Resource within Crown and Leased Freehold Areas Only* * Search Radius of 8 Km (5 mile) used; Mt = million tonnes The President of the Company, Patricio Varas was pleased with the resource estimate commenting that: “our board is extremely satisfied with the initial results of the resource calculation, considering that it only reflects the first 4 wells drilled at Milestone. We anticipate that the resource in the indicated and measured categories will be enhanced by the additional 5 wells that have now been completed. This resource calculation is only the beginning”. He further commented that “the Company will now fundamentally change from a pure exploration company to one that is poised to begin the development of Saskatchewan’s newest green-field discovered Potash mineral resource in decades.” In their report, AAI have made estimates of the Indicated and Inferred Mineral Resources based on a Radius of Influence (ROI) similar to that applied by mine operators and peer group explorers working on solution mining properties in the region. Furthermore, the Indicated and Inferred Mineral Resources were arrived at by discounting the overall calculated tonnage by Loss Factors of 25% and 10% to the Inferred and Indicated Resources respectively, to account for unknown geologic anomalies; the resulting potash quantity was further reduced using an extraction ratio factor of 34.6%, which is the estimated potash available to be extracted for the life of an envisioned operation leaving sufficient material to support cavern stability; a further 24% was discounted to account for potash liquor remaining in the cavern plus plant and transport losses during production. For clarity the calculation used to arrive at the Indicated resource is as follows: Indicated Tonnes in situ x 90% (Geological loss) x 34.6% (extraction ratio) x 76% (liquor & infrastructure losses) = Indicated Resource (resulting in a credit of only 24% of the total indicated Tonnes in situ). Similarly the calculation used to arrive at the Inferred resource is as follows: Inferred Tonnes in situ x 75% (Geological loss) x 34.6% (extraction ratio) x 76% (liquor & infrastructure losses) = Inferred Resource (about 20% of the total inferred Tonnes in situ). Figure 1. Well Distribution for the Indicated and Inferred Mineral Resource Calculation. In calculating the initial mineral resource AAI incorporated historical information available from public sources as well as new resource information obtained from exploration conducted by Western Potash between January and August 2009. Exploration conducted during that time included the purchasing, processing and interpretation of 283.5 line km of historic 2D seismic, and the completion of four exploration wells totaling 7,198 meters completed within the KP 409 permit area. All four of the wells drilled, spanning some 12.5 kilometers of strike length (Fig 1), penetrated the potash-bearing beds and have sufficient assayed core to allow for the calculation of potash mineralization thickness and grade. Ongoing Definition Drilling Program In their report AAI recommends a two phased development program that includes an additional five well drill program on the Milestone Property as well as extensive 2D and 3D seismic surveys in order to prepare an updated NI 43-101compliant report that will upgrade a greater proportion of the inferred category tonnage into the indicated and measured categories The Company is pleased to report that in anticipation of the favorable Mineral Resource results reported in this release, it has already completed the five wells recommended in the AAI report; as well as, the acquisition, processing and interpretation of 179 line kilometers of 2D seismic. Initial results for the first two wells in the expanded definition program were reported on December 3rd, 2009 and include a 23.35 m composite intersection of potash mineralization with a weighted average grade of 17.35 wt % K2O across three potash members, and a second well with a 22.25 m composite intersection of potash mineralization with a weighted average grade of 19.89 wt % K2O across three potash members. Results from the remaining wells will be reported when the analyses are completed. A map of all the wells completed is included in figure 2. The Company is also pleased to announce that it has initiated its 3D seismic survey on the property, following the granting of all required permits, approvals and permissions. It is expected that this survey will be completed in the current quarter. The Company anticipates that it will commence a preliminary economic assessment of the Milestone Project as soon as the current definition phase is completed. The preliminary economic assessment will aim to conceptualize the viability of a potash mining operation on the Milestone property. The assessment will place particular focus on quantifying the expected beneficial effects that the higher Potash formation temperatures measured at Milestone may have on reducing the energy requirements of a Potash operation, so as to estimate potential operating cost savings. The Company believes that the formation temperatures, measured from the potash beds in the Milestone property ranging from 60° C to 65.5° C, represent an important factor for the economics of future mining on the property. The solubility of potash increases with temperature such that the higher the formation temperature, the higher the yield of potassium chloride in the brine solution to be processed for potash recovery. A solution mine, accessing a higher formation temperature resource, will produce more potassium chloride in solution than an operation tapping an equivalent resource at lower formation temperatures. The Company views formation temperature as a key parameter in solution mining economics, offering advantages in solution mass-balance and savings in capital, energy and processing costs. Figure 2: Milestone Property Well Location Map The 100% owned Milestone property, comprising 500 square kilometers, is located 30 kilometers southeast of Regina, and southeast of Mosaic’s Belle Plaine Mine, one of the largest producing potash solution mines in the world. About Western Potash Western Potash Corp. is a mineral exploration company engaged in the evaluation, exploration and development of potash mineral properties in Western Canada. The Company intends to define and develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. This news release was reviewed by Dr. Michael Hardy P.E., and Douglas Hambley P.E. and P. Geo., of Agapito Associates Inc. Both individuals are Qualified Persons under NI 43-101 Rules and Policies and are the authors of the updated NI 43-101 Technical Report on which this news release is based. The in-house qualified persons for the purposes of NI 43-101 guidelines are J. Patricio Varas, P. Geo and Dean Pekeski, P. Geo, both of whom have reviewed and approved the contents of this news release. ON BEHALF OF THE BOARD OF DIRECTORS “J. Patricio Varas” This news release contains Forward Looking Statements regarding our intentions and plans. Forward looking statements in this news release include that the initial resource estimate consists of 32 million tonnes of indicated potash resource (contained KCl) plus 230 million tonnes of inferred potash resource; that the Western Potash board anticipate that the resource in the indicated and measured categories will be enhanced by the additional 5 wells that have now been completed; that the resource calculation is only the beginning; that the Company will now fundamentally change from a pure exploration company to one that is poised to begin the development of Saskatchewan’s newest greenfield discovered Potash mineral resource in decades; that AAI recommends a two phased development program that includes an additional five well drill program as well as extensive 2D and 3D seismic surveys to prepare an updated NI 43-101 report that will upgrade a greater proportion of the inferred category tonnage into the indicated and measured categories; that results from the remaining wells drilled will be reported when the analyses are completed; it has initiated its 3D seismic survey on the property and that it expects that this survey will be completed in the current quarter; that the Company anticipates that it will commence a preliminary economic assessment of the Project as soon as the current definition phase is completed; that the preliminary economic assessment will aim to conceptualize the viability of a potash mining operation on the property; that the assessment will place particular focus on quantifying the expected beneficial effects that the higher Potash formation temperatures measured may have on reducing the energy requirements of a Potash operation, so as to estimate potential operating cost savings; that the Company believes that the formation temperatures, represent an important factor for the economics of future mining on the property; that the Company views formation temperature as a key parameter in solution mining economics, offering advantages in solution mass-balance and savings in capital, energy and processing costs; that Agapito Associates Inc. of Golden, Colorado has also been engaged to complete an NI-43-101 compliant indicated and inferred resource calculation based on the results of the expanded definition drill and seismic program; It is the Company’s policy not to update forward looking statements. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices and success and failure of the exploration and development carried out at various stages of the program. Readers should review risk factors applicable to junior mining exploration companies generally to understand the variety of risks that can affect the Company. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. ![]() January 20, 2010 Vancouver, January 20, 2011- WESTERN POTASH CORP., (the “Company”) (TSX Venture: WPX) is pleased to announce that as part of it’s Feasibility Study Process, two wells will be drilled to collect drill core for geochemical analysis, rock mechanic studies, and dissolution laboratory testing. The Company has executed an agreement with Ensign Drilling Partnership of Calgary, Alberta to complete this drilling. Drilling shall commence immediately. Results from the geochemical analysis will be used to update future resource estimation. An Updated NI 43-101 Resource Estimate and Technical Report will be completed by Agapito Associates Inc. (“AAI”); that will incorporate new potash results from this drill program. AAI has extensive experience in solution mining, resource characterization and preparation of 43-101 Technical Reports on Potash Resources. AAI’s experience includes work for Intrepid Potash Inc in the US, Rio Tinto and Vale at the PRC project in Argentina and for several prospective potash projects located in Saskatchewan. The 100% owned Milestone property, comprising 500 square kilometers, is located 30 kilometers southeast of Regina, and southeast of Mosaic’s Belle Plaine Mine, one of the largest producing potash solution mines in the world. Western Potash Corp. is a mineral exploration company engaged in the evaluation, exploration and development of potash mineral properties in Western Canada. The Company intends to define and develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. The in-house qualified persons for the purposes of NI 43-101 guidelines are J. Patricio Varas, P. Geo and Dean Pekeski, P. Geo, both of whom have reviewed and approved the contents of this news release. For more information on Western Potash Corp.’s projects, please visit the Company’s website at: www.westernpotash.com ON BEHALF OF THE BOARD OF DIRECTORS “J. Patricio Varas” This news release contains Forward Looking Statements regarding our intentions and plans. Forward looking statements in this news release include that two wells will be drilled to collect drill core for geochemical analysis, rock mechanic studies, and dissolution laboratory testing; that results from the geochemical analysis will be used to update future resource calculations; that an updated NI 43-101 resource calculation and technical report will be completed by Agapito Associates Inc. (“AAI”), incorporating new potash results from this drilling program. Readers are cautioned that: mineral resources that are not mineral reserves do not have demonstrated economic viability until they are upgraded; that management is studying the possibility of consolidating the pre and final feasibility processes, and producing and publishing only a final feasibility suitable for reaching a production decision and for attracting project debt finance; that management will be making future recommendations to the board as to the scope of the PFS yet to be completed and that such recommendations may change over time; that any analysis is based on a cash flow estimate, it should be expected that actual financial results would vary from these predictions; that an accuracy assessment of the cost estimates will be completed as part of this study; various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices and success and failure of the exploration and development carried out at various stages of the program. Readers should review risk factors applicable to junior mining exploration companies generally to understand the variety of risks that can affect the Company. It is the Company’s policy not to update forward-looking statements other than as required by applicable securities laws and regulations. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. ![]() December 9, 2009 Western Potash Corp. (the “Company”) (TSX.V: WPX, FSE: AHE) is pleased to provide results from the first two wells completed as part of the expanded 5 well, $8.5 million CAD resource definition program on the Milestone property in southern Saskatchewan. These wells are the fifth and sixth wells drilled on the property. Results from the Milestone-004 well returned a 23.35 m composite intersection of potash mineralization with a weighted average grade of 17.35 wt % K2O across three potash members, while the Milestone-005 well reported a 22.25 m composite intersection of potash mineralization with a weighted average grade of 19.89 wt % K2O across three potash members. Results from the Milestone-005 well are considered of particular interest as very little Carnallite was intersected in any of the three potash members, including the Esterhazy member. The presence of Carnallite in the Esterhazy member is not unusual in the region, but the absence of Carnallite in the Milestone-005 well does suggest that in some areas of the Milestone property parts of the Esterhazy member could be of economic interest. The Milestone-004 and Milestone-005 wells, as shown in figure 1 are located approximately 3.0 km to the south and north respectively of the Milestone-003 well which reported a composite thickness of 24.4m of potash mineralization with a grade of 18.2% wt K2O in a press release dated August 24, 2009. A summary of the results from the two most recent wells are presented in Table 1. Table 1: Potash thickness and weighted average grade from the Milestone – 004 and Milestone-005 wells. Note: Total intervals noted in this release are composites. All drill intercepts noted in this release are considered the true thickness of the mineralization; as the salt beds are relatively flat-lying and down-hole directional surveys indicate the hole was essentially vertical upon intersecting the salt and potash sequences. The core recovered from this hole was logged, photographed, split, and sampled at the Company’s secure core storage facility on the property. All samples were handled in accordance with the Company’s Chain of Custody procedures. The half-split core samples from the wells were analyzed at the Saskatchewan Research Council (SRC) Laboratory in Saskatoon. The Laboratory has been certified by the Standards Council of Canada (SCC) to conform to the requirements of ISO/IEC 17025:2005 (CAN-P-4E). The Company points out that the presence, thicknesses and grade of the potash beds in these fifth and sixth wells are similar in tenor and are as encouraging as those seen in previous wells and indicate a remarkable continuity of the potash beds in the region when comparing with the results reported for the first four wells. The Company feels that the thicknesses and grades obtained by geochemical sampling and down hole gamma ray logging are consistent with those mined at the Belle Plaine solution mine and that it has now demonstrated regional continuity of all three potash members, over 18 km of strike length, between the wells drilled to date. It is also very important to note that information from the drilling to date confirms the presence of the heat anomaly that helped attract the Company to the project area. Temperature measurements from all the wells show minimum formation temperatures ranging from 60° C to 65.5° C. Temperature will be an important component of the economics of future mining on the property. The solubility of potash increases with temperature such that the higher the formation temperature, the higher the yield of potassium chloride in the brine solution to be processed for potash recovery. A solution mine, accessing a higher formation temperature resource, will produce more potassium chloride in solution than an operation tapping an equivalent resource at lower formation temperatures. The Company views formation temperature as a key parameter in solution mining economics, offering advantages in solution mass-balance and savings in capital, energy and processing costs. The 100% owned Milestone property, comprising 500 square kilometers, is located 30 kilometers southeast of Regina, and southeast of Mosaic’s Belle Plaine Mine, one of the largest producing potash solution mines in the world. Seismic Update and Resource Calculation The Company is also pleased to announce that the 2D seismic program has now been completed. This seismic program was designed to assist with planning the expanded drilling and the upcoming 3D seismic program. This work has allowed the Company to plan three additional wells, with drilling commencing immediately. Permitting and licensing of the Company’s 3D seismic program is now well underway. Agapito and Associates Inc. of Golden, Colorado continues to draft an NI43-101 compliant inferred resource calculation and report based on the results of the initial four well drill program. This report is expected to be completed during the fourth quarter of 2009. Agapito and Associates has also been engaged to complete an NI-43-101 compliant indicated and inferred resource calculation based on the results of the expanded 5 well resource definition drill program, 2D seismic, and 3D seismic surveys. This report is expected to be complete during early 2010, subject to the completion of the aforementioned drilling and seismic surveys. Western Potash Corp. is a mineral exploration company engaged in the evaluation, exploration and development of potash mineral properties in Western Canada. The Company intends to define and develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. The in-house qualified persons for the purposes of NI 43-101 guidelines are J. Patricio Varas, P. Geo and Dean Pekeski, P. Geo, both of whom have reviewed and approved the contents of this news release. ON BEHALF OF THE BOARD OF DIRECTORS J. Patricio Varas This news release contains Forward Looking Statements regarding our intentions and plans. Forward looking statements in this news release include that results from Milestone-005 well are considered of particular interest as very little Carnallite was intersected as the absence of Carnallite suggest that in the Milestone property parts of the Esterhazy member could be of economic interest; that the presence, thicknesses and grade of the potash beds in these fifth and sixth wells are similar in tenor and are as encouraging as those seen in previous wells and indicate a remarkable continuity of the potash beds in the region; that the Company feels the thicknesses and grades obtained are consistent with those mined at the Belle Plaine solution mine and that it has now demonstrated regional continuity of all three potash members, over 18 km of strike length; that information from the drilling confirms the presence of a heat anomaly; that temperature will be an important component of the economics of future mining on the property; that a solution mine, accessing a higher formation temperature resource, will produce more potassium chloride in solution than an operation tapping an equivalent resource at lower formation temperatures; that the Company views formation temperature as a key parameter in solution mining economics, offering advantages in solution mass-balance and savings in capital, energy and processing costs; that seismic work completed has allowed the Company to plan three additional wells, with drilling commencing immediately; that Agapito and Associates Inc. of Golden, Colorado continues to draft an NI43-101 compliant inferred resource calculation and report; that this report is expected to be completed during the fourth quarter of 2009; that Agapito and Associates has also been engaged to complete an NI-43-101 indicated and inferred resource calculation based on the results of the expanded definition drill and seismic program; that this report is expected to be complete during early 2010. It is the Company’s policy not to update forward looking statements. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices and success and failure of the exploration and development carried out at various stages of the program. Readers should review risk factors applicable to junior mining exploration companies generally to understand the variety of risks that can affect the Company. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. ![]() October 8, 2009 Western Potash Corp. (the "Company") (TSX.V: WPX, FSE: AHE) is pleased to announce that it has initiated a resource definition drill program consisting of 5 wells in the area surrounding the Milestone-003 well which intersected a composite thickness of 24.4m of potash mineralization with a grade of 18.2% wt K2O, as reported in a press release dated August 24, 2009. The Company's wholly-owned Milestone property, comprising 500 square km in area, is located approximately 30 km southeast of Regina, and is southeast of Mosaic's Belle Plaine Mine, one of the largest producing potash solution mines in the world. The Company's board has approved an $8.5 million CAD budget for this program and is expecting to produce an NI-43-101 compliant inferred resource calculation during Q4 2009. The Company will also complete an NI-43-101 compliant indicated and inferred resource calculation based on the results of the expanded 5 well resource definition drill program, 2D seismic, and 3D seismic surveys. This report is expected to be complete during early 2010, dependant on the completion and results of the aforementioned drilling and seismic surveys. The Company also reports the completion of the first well in the current resource definition program. The Milestone-004 well is the fifth well drilled on the Milestone property and is located approximately 3.0 km to the south of the Milestone-003 well which reported a composite thickness of 24.4m of potash mineralization with a grade of 18.2% wt K2O. Coring of the Milestone - 004 well has intersected the Prairie Evaporite Formation at a vertical depth of 1,727.6 m. Visual geological evaluation of the core in conjunction with down-hole gamma ray logs indicate strong potash grades, very low carnallite content, and very promising minimum formation temperatures of 60° C within the two upper members, with some carnallite present in the Esterhazy member. The following potash member thicknesses are indicated by the down-hole gamma ray logs: All drill intercepts noted in this release are considered the true thickness of the mineralization; as the salt beds are relatively flat-lying and down-hole directional surveys indicate the hole was essentially vertical upon intersecting the salt and potash sequences. The Company sees the presence, thicknesses and indicated grade of the potash beds in this fifth well as a significant result when taken in conjunction with the results reported for the first four wells. The Company feels that the thicknesses and grades obtained by geochemical sampling and down hole gamma ray logging are consistent with those mined at the Belle Plaine solution mine and that it has now demonstrated regional continuity of all three potash members, over 15.5km of strike length, between the first and fifth wells. A 2D seismic survey is being carried out over this priority area in conjunction with the current drill program. The Company plans to also complete a 3D seismic survey over this priority area to be used with the NI-43-101 compliant resource calculation. The Company is also pleased to announce that it has engaged Agapito and Associates Inc. of Golden, Colorado to complete an NI43-101 compliant inferred resource calculation and report based on the results of the initial four well drill program. This report is expected to be completed during the fourth quarter of 2009. Agapito and Associates will also complete an NI-43-101 compliant indicated and inferred resource calculation based on the results of the expanded 5 well resource definition drill program, 2D seismic, and 3D seismic surveys. This report is expected to be completed during early 2010, dependant on completion of the aforementioned drilling and seismic surveys. Further to the Company's news release of September 25, 2009, the Company would like to announce that it has received approval from the TSX Venture Exchange to extend 44,739,000 warrants at a price of $0.75. The expiry date has been extended from October 15, 2009 to April 15, 2011. Western Potash Corp. is a mineral exploration company engaged in the evaluation, exploration and development of potash mineral properties in Western Canada. The Company intends to define and develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. The in-house qualified persons for the purposes of NI 43-101 guidelines are J. Patricio Varas, P. Geo and Dean Pekeski, P. Geo, both of whom have reviewed and approved the contents of this news release. For more information on Western Potash Corp.'s projects, please visit the Company's ON BEHALF OF THE BOARD OF DIRECTORS "J. Patricio Varas" This news release contains Forward Looking Statements regarding our intentions and plans. Forward looking statements in this news release include that the Company has initiated a resource definition drill program consisting of 5 wells surrounding the Milestone-003 well; that the Company has approved an $8.5 Million CAD budget for the program and is expecting to produce an NI 43-101 inferred resource during Q4, 2009; that the company will complete an NI 43-101 indicated and inferred resource based on the expanded 5 well program during early 2010; that visual geological evaluation of the core with down-hole gamma ray logs indicate strong potash grades, low carnallite content and promising formation temperatures of 60° C; the Company feels that the thicknesses and grades obtained and down hole gamma ray logging are consistent with those mined at the Belle Plaine Solution mine; that it has demonstrated regional continuity of all three potash members, over 15.5 km of strike length, between the first and fifth wells; that the Company is carrying out a 2D seismic survey; that it plans to also complete a 3D seismic survey to be used with the NI 43-101 resource calculation; that it has engaged Agapito and Associates Inc. to complete an NI 43-101 resource based on the initial four wells and is expected to be completed in Q4; that Agapito and Associates will also complete an NI 43-101 indicated and inferred resource calculation during early 2010. It is the Company's policy not to update forward looking statements. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices and success and failure of the exploration and development carried out at various stages of the program. Readers should review risk factors applicable to junior mining exploration companies generally to understand the variety of risks that can affect the Company. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. ![]() September 25, 2009 Western Potash Corp. (the "Company"), announces that it will be seeking the approval of the TSX Venture Exchange to the extension of the term of certain share purchase warrants issued on October 15, 2007, December 21, 2007 and January 14, 2008. The Company will be seeking an extension from the current expiry date of October 15, 2009 to April 15, 2011. The extension sought will, if approved, apply to all 44,739,000 warrants issued on those dates to investors, other than warrants exercised to date. As originally issued, each Warrant entitled the holder to purchase one common share of the Company at the price of $0.75 per share at any time up to 4:00 pm (Vancouver time) on October 15, 2009. No amendment to the price is being sought. About Western Potash Western Potash is a mineral exploration company engaged in the evaluation, exploration and development of potash mineral properties in Western Canada. The Company intends to define and develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. ON BEHALF OF THE BOARD OF DIRECTORS “J. Patricio Varas” This news release contains Forward Looking Statements regarding our intentions and plans. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices and success and failure of the exploration and development carried out at various stages of the Company’s programs. Readers should review risk factors applicable to junior mining exploration companies generally to understand the variety of risks that can affect the Company. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release. ![]() August 24, 2009 Western Potash Corp. (the “Company”) (TSX.V: WPX, FSE: AHE) is pleased to announce that it has received the complete results from its first phase drill program on the Milestone property in southern Saskatchewan. Gamma ray results have been reported in previous news releases for the four wells drilled in the initial exploration phase and potash assay results for the first well were reported in a June 15th, 2009 company release. Highlighted in the fourth well is a 24.4 m composite intersection of potash mineralization with a weighted average grade of 18.2 wt % K2O across three potash members. The 100% owned Milestone property, comprising 500 square kilometers, is located 30 kilometers southeast of Regina, and southeast of Mosaic’s Belle Plaine Mine, one of the largest producing potash solution mines in the world. The potash mineralization encountered within the Patience Lake and Belle Plaine potash members in this drill program is similar in grade and thickness to those reported at the operating Belle Plain mine. The Milestone-003 well is the fourth well drilled on the Milestone property and is located approximately 12.5 km and 7.5 km to the southeast of the first and second well sites reported previously. A summary of the results from this well are presented in Table 1. Table 1: Potash thickness and weighted average grade from the Milestone – 003 well. Note: Total intervals noted in this release are composites. All drill intercepts noted in this release are considered the true thickness of the mineralization; as the salt beds are relatively flat-lying and down-hole directional surveys indicate the hole was essentially vertical upon intersecting the salt and potash sequences. The core recovered from this hole was logged, photographed, split, and sampled at the Company’s secure core storage facility on the property. All samples were handled in accordance with the Company’s Chain of Custody procedures. The half-split core samples from the wells were analyzed at the Saskatchewan Research Council (SRC) Laboratory in Saskatoon. The Laboratory has been certified by the Standards Council of Canada (SCC) to conform to the requirements of ISO/IEC 17025:2005 (CAN-P-4E). The Company is very pleased with the potash grades intersected in the Patience Lake and Belle Plaine potash members reported for the Milestone-003 well, as these are considered particularly exceptional. In addition, these potash hosting members have very low carnallite and low insoluble contents, which is also very encouraging as they are critical factors for developing a solution mine. The grades reported from the Esterhazy member are lower in comparison to grades reported from the same member in previous wells. Also, the carnallite content within the Esterhazy potash member is considered too high for effective economic extraction of potash in a solution recovery process. The potash assays results from the Milestone-003 well support the Company’s decision to accelerate a resource definition program in the vicinity of this well as reported in the July 23, 2009 press release. The Company is currently planning and permitting an additional 5 well resource definition drill program to define the grade, thickness, and extent of this higher grade zone within the Patience Lake and Belle Plaine members. A 2D seismic survey over this priority area has already commenced. Furthermore, a 3D seismic survey will also be carried out following the resource definition drill phase with the goal to fast-track and establish an NI43-101 compliant resource. The Company’s board has approved an $8.5 million CAD budget for this program The Company is also pleased to report results from the second and third wells drilled on the property (Milestone-002, and Milestone-002A respectively), a summary of which is presented in Table 2. Milestone-002 was drilled 5.25km to the south east of the first well, and encountered an anomaly not apparent in the 2D seismic data that removed most of the potash mineralization in the Patience Lake Member. This anomaly was likely due to local structure and water ingress resulting in localized dissolution. The Milestone-002A well was directionally drilled from the same well site as Milestone-002, intersecting the potash beds 800m to the north of the vertical second well. The Company decided to drill this directional hole to test the theory that the anomaly observed in Milestone-002 was a local anomaly. Geological observations, gamma ray logging and geochemical results have indeed confirmed this theory. Table 2: Potash thickness and weighted average grade from the Milestone-002 and Milestone-002A wells. Results from the Milestone-001 and Milestone-002A wells demonstrate regional continuity of all three potash members between these wells. While these results show positive potash mineralization, the Company is compelled to focus its initial resource definition in the vicinity of the Milestone-003 well, where higher potash grades and better thicknesses within the Patience Lake and Belle Plaine members have been demonstrated.
Western Potash Corp. is a mineral exploration company engaged in the evaluation, exploration and development of potash mineral properties in Western Canada. The Company intends to define and develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner.
The in-house qualified persons for the purposes of NI 43-101 guidelines are J. Patricio Varas, P. Geo and Dean Pekeski, P. Geo, both of whom have reviewed and approved the contents of this news release. ON BEHALF OF THE BOARD OF DIRECTORS J. Patricio Varas”
This news release contains Forward Looking Statements regarding our intentions and plans. Forward looking statements in this news release include that the potash mineralization encountered in this drill program is similar in grade and thickness to those reported at the Belle Plain mine; that the potash grades intersected in the Milestone-003 well are considered exceptional; the potash hosting members have very low carnallite and low insoluble contents, which is encouraging as they are critical factors for developing a solution mine; results support the acceleration of the resource definition program in the vicinity of Milestone-003; that the Company is planning and permitting a 5 well resource definition drill program in conjunction with a 2D seismic survey already underway; that a 3d seismic survey will follow the resource definition drill phase to fast-track an NI43-101 resource; the Company has approved an $8.5 Million CAD budget for the program; that results from all the wells compel the company to focus its initial resource definition in the vicinity of the Milestone-003 well. It is the Company’s policy not to update forward looking statements. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices and success and failure of the exploration and development carried out at various stages of the program. Readers should review risk factors applicable to junior mining exploration companies generally to understand the variety of risks that can affect the Company. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. ![]() July 23, 2009 Western Potash Corp. (the “Company”) (TSX.V: WPX, FSE: AHE) is pleased to announce that the fourth well on the Milestone property has intersected strong potash mineralization over a thicker package of potash members in a combined mineralized width of over 25 meters. These results further indicate that the extent of the mineralized potash beds spans at least 12.5 km south from the first well, Milestone-001, reported previously. The Company’s wholly-owned Milestone property, comprising 500 square km in area, is located approximately 30 km southeast of Regina, and is southeast of Mosaic’s Belle Plaine Mine, one of the largest producing potash solution mines in the world. Coring of the Milestone - 004 well intersected the Prairie Evaporite Formation at a vertical depth of 1,707.5 m. Visual geological evaluation of the core in conjunction with down-hole gamma ray logs indicate strong potash grades, very low carnallite content, and very promising minimum formation temperatures of 61° C within the two upper members, with some carnallite present in the Esterhazy member. The magnitude of the gamma ray log from this well suggests that higher potash grades exist within the Patience Lake and Belle Plaine members as compared to previous results. The following table details the thicknesses of the potash mineralized intercepts, indicating strong potash tenor in the down-hole gamma ray logs: The well presently reported is located approximately 12.5 km and 7.5 km to the southeast of wells 001 and 002 respectively, which were reported previously. All drill intercepts noted in this release are considered the true thickness of the mineralization; as the salt beds are relatively flat-lying and down-hole directional surveys indicate the hole was essentially vertical upon intersecting the salt and potash sequences. The Company is pleased to see the presence, thicknesses and indicated grade of the potash beds in this fourth well, when considered in conjunction with the results reported for the first three wells. The Company feels that the thicknesses and grades obtained by geochemical sampling and down-hole gamma ray logging are consistent with those mined at the Belle Plaine solution mine and that it has now demonstrated regional continuity of all three potash members, spanning a strike length of over 12.5km, between the first and fourth wells. Minimum temperature readings of 61° C were recorded from this well, indicating favorable conditions for an envisioned solution mining and recovery process. These results combined with temperature readings from the previous wells, ranging between 61° C to 65.5° C, have confirmed the presence of the heat anomaly that attracted the Company to this project area. The Company re-iterates that it considers formation temperature a key parameter in solution mining economics, offering advantages in solution mass-balance and savings in capital, energy and processing costs. In other words, a mine with higher temperatures will be more efficient as the solubility of potash increases with temperature such that the higher the formation temperature, the higher the yield of potassium chloride in the brine solution to be processed for potash recovery. A solution mine, accessing a higher formation temperature resource, will produce more potassium chloride in solution than an operation tapping an equivalent resource at lower formation temperatures. The samples extracted from the three potash members will now be submitted for analysis at the SRC laboratory in Saskatoon. Results are expected to be obtained within 4 to 6 weeks. Expanding Program After a review of the encouraging results from the first phase of drilling on the Milestone property, the board of Western Potash has approved an increase in the current exploration budget in order to expand the drill program and subsequently begin an initial resource calculation. The aim of the extended exploration program will be to further define the grade, and size of the potash deposit on the property. The next phase of exploration will include an additional 4 well drill program and additional 2D and 3D seismic surveys. The budget for this work is estimated at $8.5 million CAD. It is expected that the completion of this 2nd phase will allow the Company to commission an independent 43-101 resource estimate on the Milestone property. Drilling on the Milestone property will recommence as soon as all the permits are in place which is expected prior to the end of August. About Western Potash Western Potash Corp. is a mineral exploration company engaged in the evaluation, exploration and development of potash mineral properties in Western Canada. The Company intends to define and develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. The in-house qualified persons for the purposes of NI 43-101 guidelines are J. Patricio Varas, P. Geo and Dean Pekeski, P. Geo, both of whom have reviewed and approved the contents of this news release. ON BEHALF OF THE BOARD OF DIRECTORS J. Patricio Varas The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release contains Forward Looking Statements regarding our intentions and plans. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices and success and failure of the exploration and development carried out at various stages of the program. Readers should review risk factors applicable to junior mining exploration companies generally to understand the variety of risks that can affect the Company. ![]() July 9, 2009 Western Potash Corp. (the “Company”) (TSX.V: WPX, FSE: AHE) is pleased to announce that it has intersected further significant potash mineralization in its drill program on the Milestone property in southern Saskatchewan. The Company’s wholly-owned Milestone property, comprising 500 square km in area, is located approximately 30 km southeast of Regina, and is southeast of Mosaic’s Belle Plaine Mine, one of the largest producing potash solution mines in the world. The well presently reported is the third well drilled on the Milestone property and the second well drilled from this particular setup. This redirected well (Milestone - 002A) intersected the potash beds 800 m to the north of the original vertical well (Milestone - 002, located approximately 5.25 km to the southeast of the first well) using directional drilling. The Company decided to drill this directional hole to test the theory that the clay disturbed Patience Lake member, with lower grade potash mineralization, is only a local anomaly. The geological details are described in the news release dated June 15th, where the results for well Milestone - 002 are reported.The Company is pleased to report that the theory of a locally-disturbed potash bed is correct. The new well has hit good potash mineralization in all three potash members. Coring of the Milestone - 002A well commenced at a true vertical depth of 1,656 m, and intersected the Prairie Evaporite Formation at a true vertical depth of 1,662 m. Visual geological evaluation of the core in conjunction with down-hole gamma ray logs indicate strong potash grades (below a well-developed salt back), very low carnallite content, and very promising minimum formation temperatures of 62° C within the two upper members, with some carnallite present in the Esterhazy member. The following potash member thicknesses are indicated by the down-hole gamma ray logs: All drill intercepts noted in this release are considered the true thickness of the mineralization, as the salt beds are relatively flat-lying and down-hole directional surveys indicate the hole was essentially vertical upon intersecting the salt and potash sequences. The Company utilized directional drilling technology to complete this S-shaped well, one of very few such potash exploration wells ever completed in the province. The company sees the presence and indicated grade of the potash beds in this third well as a very encouraging result when taken in conjunction with the results reported for the Milestone - 001 well (reported in the June 15th news release). In that well, drilled on the northern part of the property, all three potash members: the Patience Lake, Belle Plaine and the Esterhazy were intersected with thicknesses and grades consistent with those mined at the Belle Plaine solution mine. The Company is confident that it has confirmed that the anomaly encountered in the original vertical well, Milestone - 002, is truly localized and small, and that it has now demonstrated regional continuity of all three potash members between the first and second wells. A comparison of the gamma ray responses from Milestone - 001 and Milestone - 002A suggest that the mineralized sections observed for each of the three potash members are very consistent and will have very similar tenor in grade and thickness. The current reporting utilizes the gamma log data that has shown an improved correlation with assay data indicating threshold potash mineralization. This reporting is more representative of anticipated mineralized intervals over the initial reporting of visually-logged potash members for Milestone - 001 and Milestone - 002 using marker beds to delineate thicknesses. The observed thicknesses for the mineralized portion of the members from visual logging and gamma ray logging from all holes compares as follows: * Assays are pending for these holes. It is also very important to note that information from the drilling to date confirms the presence of the heat anomaly that helped attract the Company to the project area. Temperature measurements from all the wells show minimum formation temperatures ranging from 62° C to 65.5° C. Temperature will be an important component of the economics of future mining on the property. The solubility of potash increases with temperature such that the higher the formation temperature, the higher the yield of potassium chloride in the brine solution to be processed for potash recovery. A solution mine, accessing a higher formation temperature resource, will produce more potassium chloride in solution than an operation tapping an equivalent resource at lower formation temperatures. The Company views formation temperature as a key parameter in solution mining economics, offering advantages in solution mass-balance and savings in capital, energy and processing costs. The samples extracted from the three potash members will now be submitted for analysis at the SRC laboratory in Saskatoon. Results are expected to be obtained within 4 to 6 weeks. Results from the second well (vertical and redirected, i.e. Milestone - 002 and Milestone - 002A) will be reported together once received. Testing of potash mineralization on the Milestone property will now continue with an additional well located approximately 7.25 km south-southeast of the second well site. The Company has budgeted approximately $5.4 million CAD for this three-well drill program but expects to expand the programs based on continuing positive results, enabling the Company to select an initial area for more detailed potash mineralization definition. The Company expects to be well positioned to prepare an NI 43-101 compliant resource calculation on the Milestone property during 2009. Western Potash Corp. is a mineral exploration company engaged in the evaluation, exploration and development of potash mineral properties in Western Canada. The Company intends to define and develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. The in-house qualified persons for the purposes of NI 43-101 guidelines are J. Patricio Varas, P. Geo and Dean Pekeski, P. Geo, both of whom have reviewed and approved the contents of this news release. ON BEHALF OF THE BOARD OF DIRECTORS J. Patricio Varas The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release contains Forward Looking Statements regarding our intentions and plans. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices and success and failure of the exploration and development carried out at various stages of the program. Readers should review risk factors applicable to junior mining exploration companies generally to understand the variety of risks that can affect the Company. ![]() June 15, 2009 Western Potash Corp. (the “Company”) (TSX.V: WPX, FSE: AHE) is pleased to announce that it has received results from its first potash exploration well on the Milestone property in southern Saskatchewan. The first well targeted potash prospective sequences within the Prairie Evaporite formation, and was drilled to define the extent, grade, thickness and type of potash mineralization present on the property. The well was drilled vertically to a total depth of 1,776m. Coring commenced at a depth of 1,640m, and intersected the Prairie Evaporite Formation at a depth of 1,657m. The well intersected a total of 19.9 m of potash mineralization with an average grade of 17.2 wt.% K2O across three potash bearing members. A summary of the results from this drilling are summarized in Table 1. All drill intercepts noted in this release are considered the true thickness of the mineralization, as the salt beds are relatively flat lying and the holes were drilled vertically. Table 1: Potash thickness and weighted average grade from the Milestone – 001 well. Note: The core recovered from this hole was logged, photographed, split, and sampled at the Company’s secure core storage facility on the property. All samples were handled in accordance with the Company’s Chain of Custody procedures. The half-split core samples from the wells were analyzed at the Saskatchewan Research Council (SRC) Laboratory in Saskatoon. The Laboratory has been certified by the Standards Council of Canada (SCC) to conform to the requirements of ISO/IEC 17025:2005 (CAN-P-4E). The 100% owned Milestone property, comprising approx. 500 square km, is located approximately 30 km southeast of Regina, and southeast of Mosaic’s Belle Plaine Mine, one of the largest producing potash solution mines in the world. The property is immediately adjacent to the Regina Potash Property held by Vale, and potash permits held by BHP-Billiton, and Potash One. Geophysical logs from this well indicate favorable minimum formation temperatures of 620C, confirming the strong heat anomaly underlying the property. Temperature is important because higher formation temperatures improve the potash dissolution process, and reduce heat input required for the injected brines thereby significantly reducing production costs. Two of the potash members report very low carnallite content, a critical factor in developing a solution mine, as increased amounts of carnallite decrease the efficiency of cavern dissolution and potash recovery. The carnallite content within the Esterhazy potash member is considered high for effective economic extraction. Insoluble and clay content are consistent with other potash deposits in Saskatchewan. The Company is very encouraged by the results received to date, as the geological setting and mineralization are consistent with characteristics of other potash deposits in Saskatchewan. The high formation temperatures recorded in this part of the potash belt are considered ideal for the economic production of potash from a solution mining operation. Seismic data, confirming the presence of potash prospective salt beds on the eastern portion of the Milestone property, highlighted a sizeable and attractive new exploration target area amenable to solution mining technologies within this property. The Milestone project was selected for staking because of the presence of a strong heat anomaly described by Holter (1969) underlying the property. The exploration area already has water, power, natural gas and rail infrastructure to serve the project, allowing the transportation of a final product to Vancouver, the Asian markets and the US Midwest. The Company continues to explore the property, and is please to report that drilling on the second well at Milestone is now complete. Milestone-002 is located approximately 5.25km to the southeast of the first well drilled on the property. The well, drilled vertically, was drilled to a total depth of 1,786m. Coring commenced at a depth of 1,660m, and intersected the Prairie Evaporite Formation at a depth of 1,676.4m. Visual observation and down hole logging indicate the presence of the following potash members; Visual interpretation of the core and gamma ray logs suggests strong potash grades within the Belle Plaine and Esterhazy members; however the grade within the Patience Lake member appears to be significantly reduced. While the textures and markers of the Patience Lake member are present in the core, there has been a significant increase in the amount of insolubles and clay present, resulting in significant grade reduction. This is reflected in the gamma ray logs within this member. The Company interprets that the decrease in potash tenor is due to a localized anomaly not apparent in the 2D seismic data. All potash members, in particular the Esterhazy member, visually display very low carnallite content, and very good minimum formation temperatures of approx. 65.50C were recorded. Samples from the three potash zones will now be submitted for analysis at the SRC laboratory in Saskatoon. Results are expected to be obtained within 4-6 weeks. The Company plans to continue the exploration program on the property, and will drill additional wells using a drill rig supplied by Red Dog Drilling Inc. The Company has budgeted approximately $5.4 million CAD for this drill program, and will be well positioned to prepare a NI 43-101 compliant resource calculation on the Milestone property during 2009 should drilling results continue to be positive. Western Potash Corp. is a mineral exploration company engaged in the evaluation, exploration and development of potash mineral properties in Western Canada. The Company intends to define and develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. The in-house qualified persons for the purposes of NI 43-101 guidelines are J. Patricio Varas, P. Geo and Dean Pekeski, P. Geo, both of whom have reviewed and approved the contents of this news release. ON BEHALF OF THE BOARD OF DIRECTORS “J. Patricio Varas” This news release contains Forward Looking Statements regarding our intentions and plans. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices and success and failure of the exploration and development carried out at various stages of the program. Readers should review risk factors applicable to junior mining exploration companies generally to understand the variety of risks that can affect the Company. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
![]() May 26, 2009 Western Potash Corp. (the “Company”) (TSX.V: WPX, FSE: AHE) is pleased to announce that it has completed its first potash exploration well on the Milestone property in southern Saskatchewan. The Milestone property, comprising approx. 500 square km, is located approximately 30 km southeast of Regina, and southeast of Mosaic’s Belle Plaine Mine, one of the largest producing potash solution mines in the world. The property is immediately adjacent to the Regina Potash Property held by Vale, and potash permits held by BHP-Billiton, and Potash One. Seismic data confirming the presence of potash prospective salt beds on the eastern portion of the Milestone property, have highlighted a sizeable and attractive new exploration target area amenable to solution mining technologies. The exploration area already has water, power, natural gas and rail infrastructure to serve the project, allowing the transportation of the final product to Vancouver and the Asian markets. The first well, drilled vertically, was drilled to a total depth of 1,776m. Coring commenced at a depth of 1,640m, and intersected the Prairie Evaporite Formation at a depth of 1,657m. A total of 24.5m of potash mineralization was drilled. Visual observation and down hole logging indicate the presence of the following potash members; All potash mineralized zones visually display low carnallite content, a critical factor in developing a solution mine, as increased amounts of carnallite decrease the efficiency of cavern dissolution and potash recovery. Insoluble and clay content are also visually low. Visual interpretation of the gamma ray logs from this zone suggests a moderate to strong potash grade within this zone. The logs also indicate minimum formation temperatures of 620C, confirming the strong heat anomaly described by Holter (1969) underlying the property. Temperature is important because higher formation temperatures improve the potash dissolution process, and reduce heat input required for the injected brines thereby significantly reducing production costs. The temperatures in this part of the potash belt are considered very good for production of potash from a solution mining operation. Samples from the three potash zones will now be submitted for analysis at the SRC laboratory in Saskatoon. Results are expected to be obtained within 4-6 weeks. The Company is very encouraged by the results received to date, as the geological setting and mineralization are consistent with characteristics of other potash deposits in Saskatchewan. The Company plans to drill two additional wells within the Milestone property using a drill rig supplied by Red Dog Drilling Inc. The drill program’s purpose is to define the extent, grade, thickness and type of potash mineralization present on the property. All holes will be drilled vertically targeting the Prairie Evaporite formation, which will be conventionally cored using invert drilling fluids so as to not dissolve the salt and potash sequences. Samples will be collected from the potash sequence for description and analysis, and each hole will be logged using industry standard down-hole geophysical logging techniques. The Company has budgeted approximately $5.4 million CAD for this drill program, and will be well positioned to prepare a NI 43-101 compliant resource calculation on the Milestone property during 2009 should drilling results continue to be positive. Western Potash Corp. is a mineral exploration company engaged in the evaluation, exploration and development of potash mineral properties in Western Canada. The Company intends to define and develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. The in-house qualified persons for the purposes of NI 43-101 guidelines are J. Patricio Varas, P. Geo and Dean Pekeski, P. Geo, both of whom have reviewed and approved the contents of this news release. ON BEHALF OF THE BOARD OF DIRECTORS J. Patricio Varas The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release contains Forward Looking Statements regarding our intentions and plans. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices and success and failure of the exploration and development carried out at various stages of the program. Readers should review risk factors applicable to junior mining exploration companies generally to understand the variety of risks that can affect the Company. ![]() April 22, 2009 Western Potash Corp. (the "Company") is pleased to announce that it has signed a drill contract agreement to commence its 2009 potash exploration drilling program within the Milestone Property, in Saskatchewan, and the Russell South Property in Manitoba. Under the terms of the agreement, the Company has secured a telescopic-double drill rig supplied from Red Dog Drilling Inc. based out of Estevan, Saskatchewan to complete up to an 8 month term drilling program. The Company will drill three wells within the Milestone property in Saskatchewan, followed by an additional two wells within the Russell South property in Manitoba. Saskatchewan The Milestone property comprising approx. 500 square km, is located approximately 30 km southeast of Regina, and to the southeast of the Mosaic Company's Belle Plaine KL-106-R mining lease, which hosts one of the largest producing potash solution mines in the world. The property is immediately adjacent to potash permits held by BHP-Billiton, Vale (through a recent sale by Kennecott Canada Exploration) and Potash One. During 2008, the Company purchased, reprocessed, and interpreted 138 line-km of two-dimensional seismic data in order to map out the extent of the potash prospective beds within the property. The interpretation of the seismic data has confirmed the presence of potash prospective salt beds continuing onto the eastern portion of the property, within 15 km of the potash wells drilled by Kennecott during 2008 (subsequently sold to Vale), and covering an area of over 185 square kilometers highlighting a sizeable and attractive new exploration target area. The Company has designed an initial, three well exploratory drill program to define the extent, grade, thickness and type of potash mineralization present on the property. Geological data suggests that all three potash bearing members of the Prairie Evaporite formation are present within the target area at depths amenable to solution mining. The first well license has been issued by the Saskatchewan Ministry of Energy and Resources, and two other well license applications are currently being processed. Drilling of these wells will commence immediately after spring vehicle load restrictions are lifted by the Province of Saskatchewan, and weather conditions permit the use of heavy equipment on the well sites. The Company has budgeted approximately $5.4 million CAD for this drill program, and will be well positioned to prepare a NI 43-101 compliant resource calculation on the Milestone property during 2009 should drilling results be positive. Manitoba The Russell South property comprising approx. 640 square km, is located approximately 40km southeast of Potash Corp of Saskatchewan's Rocanville mine, and lies adjacent to BHP Billiton's Potash Lease and Agrium's Exploration Permits along the Manitoba-Saskatchewan border. During 2008, the Company carried out exploration activities on its Manitoba properties that included the completion of nine exploratory wells and the acquisition of several line-km of two-dimensional seismic data. The Company is encouraged by the extent of the mineralization discovered and outlined by holes in the Russell South area, which, together with historical drilling data to the north, and the interpreted seismic data, suggests the presence of an important potash resource adjacent to the St Lazare potash resource controlled by Agrium. Further two-dimensional seismic geophysics and the completion of two additional potash wells will allow the Company to prepare a NI 43-101 compliant resource calculation on the Russell South property during late 2009. The Company has budgeted approx. $2.3 million CAD for its exploration efforts. Drilling will commence immediately upon completion of the potash wells in Saskatchewan. Further to the Company's information circular filed on SEDAR on February 27, 2009 and the motion that was passed by shareholders at the annual general meeting ("AGM") on March 26, 2009, the Company is re-pricing 8,000,000 incentive stock options (the "Options") for Directors, Officers and employees at a price of $0.50. Of the 8,000,000 Options; 7,000,000 were originally priced at $1.10, and the remaining 1,000,000 were originally priced at $1.25. The Options expire on May 6, 2013, and May 15, 2010, respectively. Western Potash Corp. is a mineral exploration company engaged in the evaluation, exploration and development of potash mineral properties in Western Canada. The Company intends to define and develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. The in-house qualified persons for the purposes of NI 43-101 guidelines are J. Patricio Varas, P. Geo and Dean Pekeski, P. Geo, both of whom have reviewed and approved the contents of this news release. For more information on Western Potash Corp.'s projects, please visit the Company's website at: www.westernpotash.com. ON BEHALF OF THE BOARD OF DIRECTORS J. Patricio Varas The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release contains Forward Looking Statements regarding our intentions and plans. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices and success and failure of the exploration and development carried out at various stages of the program. Readers should review risk factors applicable to junior mining exploration companies generally to understand the variety of risks that can affect the Company. ![]() March 24, 2009 Vancouver, March 20, 2009- Western Potash Corp. (the “Company”) (TSX.V: WPX, FSE: AHE) is pleased to announce that further to the news release of October 15, 2008, the Company has completed its Normal Course Issuer Bid (the “Bid”). The 4,900,000 shares (approximately 5% of the 99,121,533 Common Shares outstanding at October 8, 2008) were purchased by the Company over a course of several months, in accordance with the requirements of the TSX Venture Exchange, and have subsequently been cancelled. Western Potash Corp. is a mineral exploration company engaged in the evaluation, exploration and development of potash mineral properties in Western Canada and worldwide. The Company intends to define and develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. ON BEHALF OF THE BOARD OF DIRECTORS J. Patricio Varas The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release contains Forward Looking Statements regarding our intentions and plans. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices and success and failure of the exploration and development carried out at various stages of the program. Readers should review risk factors applicable to junior mining exploration companies generally to understand the variety of risks that can affect the Company. ![]() February 11, 2009 Western Potash Corp. (the “Company”) (TSX.V: WPX, FSE: AHE) is pleased to announce that it has received results from its eighth and ninth potash exploration wells drilled within the Russell-Miniota exploration permit in Manitoba, part of the continuing Phase I drill program announced in a press release dated October 22, 2008 within permits QP-168 and QP-172. These Permits cover over 1,000 square kilometers and are adjacent to BHP Billiton’s Potash Lease and Agrium’s Exploration Permits along the Manitoba border. All drill intercepts noted in this release can be considered to represent the true thickness of the mineralization, as the salt beds are flat lying and the holes were drilled vertically. Wells RM-008 and RM-009 targeted salt sequences identified from the Company’s two dimensional seismic program, completed in August, as well as from extensive historical data acquired by the Company in anticipation of the granting of the permit. The location of these wells is shown in figure 1. The best interval reported from well RM-009 was from 1045.1m to 1046.6m (1.5m) returning 23.72 wt% K2O including a 0.9m section with grades averaging 31.4 wt% K2O. Well RM-008 drilled to test the southern extent of the salt beds 10 km south of well RM-006, intersected no potash mineralization. Field observations of the salt beds in well RM-008 indicate that localized dissolution and re-crystallization of the salt sequence has occurred at this location. The Company is encouraged by the extent of the mineralization outlined by holes RM-006, 007 and 009 and the historical drilling that suggests the presence of an important potash resource extending some 11 km south east of the adjacent “St Lazare” historical potash resource controlled by Agrium. Plans for the continuation of the phase I drill program are in place allowing for additional holes to firm-up and test the extent of the indicated mineralization south of RM-006. Drilling should continue in the Russell South properties during the second quarter of 2009. The Company is currently analyzing and modeling the results obtained from the data collected in the Russell South area with the intent to commission an initial NI 43-101 compliant resource. A Summary of the results from all holes drilled in the Russell South property is presented in Table 1 and is shown in figure 1. Figure 1. Saskatchewan Exploration Update The Company is also pleased to provide an update on its Milestone project made up of three contiguous permits in south-eastern Saskatchewan. The Milestone potash permits, comprising a total of 123,948 acres, are immediately adjacent to potash permits held by BHP-Billiton, Vale (through a recent sale by Kennecott Canada Exploration) and Potash One. The Milestone project is located approximately 30 km south and southeast of Regina, and to the southeast of the Mosaic Company's Belle Plaine KL-106-R mining lease, which hosts one of the largest producing potash solution mines in the world. The Company purchased 138 linear kilometers of two dimensional seismic data to assist in its interpretation of the salt and potash sequence in the area. Boyd-Petrosearch of Calgary, Alberta provided a review and interpretation of this data, and has confirmed the presence of potash prospective salt beds continuing onto Western Potash’s permit area. In their report, the eastern portion of the permit area falls well within the salt edge, and provides a sizeable and attractive exploration target covering an area of 185 square kilometers. The Company is planning an initial two-well drill program, to be carried out during the second quarter of 2009, to further define the extent, grade, thickness and type of potash mineralization present on the Milestone property. Western Potash Corp. is a mineral exploration company engaged in the evaluation, exploration and development of potash mineral properties in Western Canada. The Company intends to define and develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. The in-house qualified persons for the purposes of NI 43-101 guidelines are J. Patricio Varas, P. Geo and Dean Pekeski, P. Geo, both of whom have reviewed and approved the contents of this news release. ON BEHALF OF THE BOARD OF DIRECTORS J. Patricio Varas The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release contains Forward Looking Statements regarding our intentions and plans. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices and success and failure of the exploration and development carried out at various stages of the program. Readers should review risk factors applicable to junior mining exploration companies generally to understand the variety of risks that can affect the Company. ![]() August 13, 2008 Western Potash Corp. (the "Company") (TSX.V: WPX, FSE: AHE) is pleased to announce that it has completed its second potash exploration well within the Russell-Miniota Exploration Permits in Manitoba. These Permits comprise 555 square kilometers, are adjacent to BHP Billiton's Potash Lease and Agrium's Exploration Permits along the Manitoba border, and lie within 13km of Saskatchewan Potash Corp's Rocanville Potash Mine. The second hole, targeting the Prairie Evaporite and drilled vertically, was completed at a total depth of 932m and is located approximately 3km SSE of the first hole. Coring commenced at a depth of 865m and intersected the Prairie Evaporite Formation at a depth of 874m. The main potash mineralized zone, representing the Esterhazy Member currently being mined at the Rocanville Mine, was intersected from 880m to 883m. Samples from the main potash zone will now be submitted for analysis at the Saskatchewan Research Council laboratory (SRC) in Saskatoon, Saskatchewan. Results from SRC are estimated to be available within 6 to 8 weeks. Samples from the Company's first hole are currently being processed at the laboratory. Construction of the next drill site has been completed and mobilization of the drill is underway. The Company initially plans to complete five potash exploration wells with an option to extend the program by an additional ten wells as results warrant. Western Potash Corp. is a mineral exploration company engaged in the evaluation, exploration and development of potash mineral properties in Western Canada. The Company is well funded with over forty million in cash and intends to define and develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. The in-house qualified persons for the purposes of NI 43-101 guidelines is Dean Pekeski, P. Geo, who has reviewed and approved the contents of this news release. ON BEHALF OF THE BOARD OF DIRECTORS J. Patricio Varas The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release contains Forward Looking Statements regarding our intentions and plans. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices and success and failure of the exploration and development carried out at various stages of the program. Readers should review risk factors applicable to junior mining exploration companies generally to understand the variety of risks that can affect the Company. ![]() July 30, 2008 Western Potash Corp. (the "Company") (TSX.v: WPX, FSE: AHE) is pleased to announce that it has completed its first potash exploration well within the Russell-Miniota Exploration Permits in Manitoba. These permits comprise 555 square kilometers, are adjacent to BHP Billiton's Potash Lease and Agrium's Exploration permits along the Manitoba border, and lie within 13km of Saskatchewan Potash Corp.'s Rocanville potash mine. The first hole, drilled vertically, was completed at a total depth of 935m. Coring commenced at a depth of 850m, and intersected the Prairie Evaporite Formation at a depth of 876.5m. The Prairie Evaporite was the target geologic sequence, which, is the host to Potash (KCl) throughout the mines in Saskatchewan and in particular at the adjacent Rocanville mine, in the form of sylvite. At about 882m to 885.8 m in depth a gradual change to the main potash mineralized zone occurs and is interpreted, based on currently available information, to represent the potash bearing Esterhazy Member. The Esterhazy consists primarily of a mixture of halite and sylvite. Only small amounts of insolubles were noted. The Esterhazy member is the one being exploited at the nearby Rocanville mine. Samples from the main potash zone will now be submitted for analysis at the Saskatchewan Research Council laboratory (SRC) in Saskatoon, SK. Results from SRC are estimated to be available within 6 to 8 weeks time. Construction of a new drill site has been completed and mobilization of the drill is underway. The Company plans to complete an initial five potash exploration wells with an option to extend the program by an additional 10 wells, as results warrant. The Company has now obtained all required permits and licenses to complete a $1.2 Million, 175 line km 2-D seismic survey on the property to assist in its interpretation of the salt and potash sequence in the area. Line surveying has commenced, and data acquisition within high priority areas will start later this week. Prospective salt beds indicated by these seismic surveys will be further tested with additional drilling as part of the ongoing exploration programs. The Company also reports that it has co-participated with several institutions in a private placement of a recently incorporated private junior potash exploration company that has acquired several concessions in Australia. The Company has acquired 1,000,000 units at $0.10 per unit, with each unit made up of one share and one full warrant, each warrant exercisable at $0.20 per share for a period of one year expiring July 14, 2009, and also acquired an additional 6,666,667 units at $0.30 per unit, with each unit made up of one share and one half of one ( ½ ) warrant, each full warrant exercisable at $0.50 per share for a period of one year expiring July 23, 2009. Western Potash Corp. is a mineral exploration company engaged in the evaluation, exploration and development of potash mineral properties in Western Canada. The Company intends to define and develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. The in-house qualified persons for the purposes of NI 43-101 guidelines are J. Patricio Varas, P. Geo and Dean Pekeski, P. Geo, both of whom have reviewed and approved the contents of this news release. ON BEHALF OF THE BOARD OF DIRECTORS J. Patricio Varas The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release contains Forward Looking Statements regarding our intentions and plans. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices and success and failure of the exploration and development carried out at various stages of the program. Readers should review risk factors applicable to junior mining exploration companies generally to understand the variety of risks that can affect the Company. ![]() July 17, 2008 Western Potash Corp. (the "Company") (TSX.v: WPX, FSE: AHE) is pleased to announce that it has received its initial potash well licenses from Manitoba Science, Technology, Energy and Mines (STEM) and has mobilized a drill rig supplied by Ensign Drilling Partnership to the Company's Russell-Miniota Exploration Permits in Manitoba. These permits comprise 555 square kilometers, are adjacent to BHP Billiton’s Potash Lease and Agrium's Exploration permits along the Manitoba border, and lie within 13km of Saskatchewan Potash Corps's Rocanville potash mine. Drilling to further define the extent, grade and type of potash mineralization present on the property will commence immediately. The Company plans to complete an initial five potash exploration wells with an option to extend the program by an additional 10 wells, as results warrant. All holes will be drilled vertically targeting the Prairie Evaporite formation, which will be conventionally cored using inverted drilling fluids so as to not dissolve the salt and potash sequences. Samples will be collected from the potash sequence for observation and analysis, and each hole will be logged using industry standard down-hole geophysical logging techniques. The potential for the property to host potash deposits has been indicated by seismic data purchased by Western Potash, and historic drilling which intersected potash with grades up to 20% K2O over 3.7m (gamma ray logs). The Company is also obtaining permits and licenses to complete a $1.2 Million, 175 line km 2-D seismic survey on the property to assist in its interpretation of the salt and potash sequence in the area. Prospective salt beds indicated by these seismic surveys will be further tested with additional drilling as part of the ongoing exploration programs. A $5 Million Dollar exploration program has been approved by Western's board for this initial drilling and seismic program with a provision to expand the budget by an additional $5 Million Dollars once positive results are received. Western Potash Corp. is a mineral exploration company engaged in the evaluation, exploration and development of potash mineral properties in Western Canada. The Company intends to define and develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. The in-house qualified persons for the purposes of NI 43-101 guidelines are J. Patricio Varas, P. Geo and Dean Pekeski, P. Geo, both of whom have reviewed and approved the contents of this news release. ON BEHALF OF THE BOARD OF DIRECTORS The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release contains Forward Looking Statements regarding our intentions and plans. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices and success and failure of the exploration and development carried out at various stages of the program. Readers should review risk factors applicable to junior mining exploration companies generally to understand the variety of risks that can affect the Company. ![]() June 4, 2008 Western Potash Corp. (the "Company") (TSXv: WPX, FSE: AHE) is pleased to announce that it has been granted its first potash permits in south-eastern Saskatchewan. The three contiguous permits, KP-407, KP-408, and KP-409, granted by the Saskatchewan Ministry of Energy and Resources comprise a total of 123,948 acres. The newly-acquired potash permits are immediately adjacent to potash permits held by BHP-Billiton, Kennecott Canada Exploration and Potash One. The three permits are located approximately 30 km south and southeast of Regina, and to the southeast of the Mosaic Company's Belle Plaine KL-106-R mining lease, which hosts one of the largest producing potash solution mines in the world. Western Potash Corp. is a mineral exploration company engaged in the evaluation, exploration and development of potash mineral properties in Western Canada. The Company intends to define and develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. ON BEHALF OF THE BOARD OF DIRECTORS J. Patricio Varas The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release contains Forward Looking Statements regarding our intentions and plans. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices and success and failure of the exploration and development carried out at various stages of the program. Readers should review risk factors applicable to junior mining exploration companies generally to understand the variety of risks that can affect the Company. ![]() May 6, 2008 Western Potash Corp. (the "Company") (TSX.V: WPX) is pleased to announce the successful completion of its initial public offering ("IPO") comprising 18,185,000 common shares (the "Offering") at an issue price of $1.10 CDN per share, for gross proceeds of $20,003,500 CDN. Upon closing of the IPO, the Companys common shares began trading today on the TSX Venture Exchange under the symbol "WPX". The Offering was led by Wellington West Capital Markets Inc. with a selling syndicate that also included Canaccord Capital Corporation and Genuity Capital Markets (collectively, the "Agents"). The Agents were also granted an option (the "Over-Allotment Option") to purchase up to 15% of the common shares at the price of $1.10 CDN. The option can be exercised in whole or in part, within 30 days of the closing date to cover over-allotments, if any. The Agents received a cash commission equal to 6% of the gross proceeds and compensation options to purchase 1,091,000 common shares of the Company at a price of $1.10 CDN per share, expiring on November 5, 2009. The Company intends to use the net proceeds of the Offering to advance its Manitoba potash properties where multi-phased, drill and seismic exploration programs have been planned to expand and define the extent oAnchorf potash mineralization described in the Companys recently filed National Instrument 43-101 technical report. Funds will also be used for general working capital. Western Potash Corp. is a mineral exploration company engaged in the evaluation, exploration and development of potash mineral properties in Western Canada. The Company intends to define and develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. ON BEHALF OF THE BOARD OF DIRECTORS J. Patricio Varas The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release contains Forward Looking Statements regarding our intentions and plans. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices and success and failure of the exploration and development carried out at various stages of the program. Readers should review risk factors applicable to junior mining exploration companies generally to understand the variety of risks that can affect the Company. ![]() May 1, 2008 A special note: The following is a summary of the principal features of this Offering and should be read together with the more detailed information and financial data and statements contained elsewhere in this Prospectus. This summary is qualified in its entirety by the more detailed information contained herein and readers are directed to carefully review this Prospectus in its entirety. For more information, you may visit the SEDAR website at www.sedar.com. You may also download the final prospectus (PDF). The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release contains Forward Looking Statements regarding our intentions and plans. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices and success and failure of the exploration and development carried out at various stages of the program. Readers should review risk factors applicable to junior mining exploration companies generally to understand the variety of risks that can affect the Company. ![]() April 16, 2008 ExploResources.com featured Western Potash Corp. in an interview with President Patricio Varas. ExploResources Profile: Western Potash Corp. - YouTube The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release contains Forward Looking Statements regarding our intentions and plans. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices and success and failure of the exploration and development carried out at various stages of the program. Readers should review risk factors applicable to junior mining exploration companies generally to understand the variety of risks that can affect the Company. ![]() April 8, 2008 A special note: A copy of this preliminary prospectus has been filed with the securities regulatory authorities in the Provinces of British Columbia, Alberta, Saskatchewan, Manitoba and Ontario, but has not yet become final for the purpose of the sale of securities. Information contained in this preliminary prospectus may not be complete and may have to be amended. The securities may not be sold until a receipt for the prospectus is obtained from the securities regulatory authorities. For more information, you may visit the SEDAR web site www.sedar.com. You may also download the prospectus (PDF). The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release contains Forward Looking Statements regarding our intentions and plans. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices and success and failure of the exploration and development carried out at various stages of the program. Readers should review risk factors applicable to junior mining exploration companies generally to understand the variety of risks that can affect the Company. |