Premium Potash Project Driven by a Proven Management Team

FORWARD LOOKING STATEMENTS

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Certain statements in this presentation may constitute "forward-looking" statements which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Potash Ridge Corporation (the "Corporation"), or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this presentation, such statements use such words as "may", "would", "could", "will", "intend", "expect", "believe", "plan", "anticipate", "estimate" and other similar terminology. These statements reflect the Corporation's current expectations regarding future events and operating performance and speak only as of the date of this presentation. Forward-looking statements involve significant risks and uncertainties, which include, but are not limited to the factors discussed under “A Cautionary Note Regarding Forward Looking Statements” and "Risk Factors" in the final prospectus of the Corporation dated November 27, 2012, and should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. Although the forward-looking statements contained in this presentation are based upon what management of the Corporation believes are reasonable assumptions, the Corporation cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this presentation and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Corporation assumes no obligation to update or revise them to reflect new events or circumstances.

A potash company focused on its Blawn Mountain property in Utah

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SOP: 680,000 tonnes per annum Bauxite: 3.3 million tonnes per annum

EXPERIENCED AND PROVEN MANAGEMENT

OVER 80 YEARS COMBINED EXPERIENCE

Guy Bentinck President & CEO Chartered Accountant; 20 years mining/resource experience Sherritt: CFO and SVP Capital Projects

Ross Phillips COO 10 years experience in large resource and energy sector projects Sherritt, Capital Power  

Jeff Hillis CFO Chartered Accountant; 10 years mining sector finance, including CFO of several public mining companies Iberian Minerals, Excellon, Falconbridge  

Paul Hampton VP, Project Management Geologist and Metallurgical Engineer; ~30 years experience in design, construction, start-up and management of mineral processing facilities SNC, Washington Group, Outotec

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Laura Nelson VP, Government and Regulatory Affairs Extensive experience in government relations, permitting and power planning, including the successful permitting of the Red Leaf oil shale project Red Leaf Resources, Utah Government  

COMPETITIVE ADVANTAGES

Large mineral deposit containing premium-quality potash

Strategically located in a mining friendly jurisdiction with established infrastructure nearby

State-owned land allows for an efficient permitting process

Historical work expedites project development

Lower risk surface mining deposit; expected lowest cost producer

30 year mine life, with upside potential

PEA completed: $1.3 billion NPV at 10%; 21.3% after tax IRR

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No known substitute

Increasing world population

Growing per capita income

Decreasing arable land

Increasing use of biofuels

~5% EXPECTED ANNUAL GROWTH IN DEMAND TO 2016

POTASH: ESSENTIAL TO THE WORLD’S FOOD SUPPLY

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AVERAGE 47% PRICE PREMIUM OVER MOP3

SULPHATE OF POTASH (SOP) IS A PREMIUM PRODUCT

Sulphate of Potash (SOP) Muriate of Potash (MOP)

Potassium Sulphate (K2SO4) Potassium Chloride (KCl)

6 million tonnes sold in 20111 55.8 million tonnes sold in 20112

Potassium and sulphur are essential nutrients2 Crop quality/yield diminish as chloride builds up2

Improves yield, quality, taste and enhances shelf life2

1Source: Fertecon 2Source: CRU 3Based on historical data 7

USES OF SOP

Fruits Vegetables Nuts Horticultural Plants

Tobacco Tea Dry soils Salty soil

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HISTORICAL PRICE PREMIUM FOR SOP HAS RANGED BETWEEN 30% AND 61%

SOP PREMIUM PRICE TRENDS

1SOP, standard grade cif NW Europe (Source: Fertilizer Week) 2MOP, all grades, fob Vancouver/Portland (Source: CRU)

U.S. $/tonne

SOP1 MOP2

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0  

100  

200  

300  

400  

500  

600  

700  

800  

900  

2006   2007   2008   2009   2010   2011   2012  

SOP MARKET CHARACTERISTICS

1Source: Fertecon, CRU 10

Global SOP Consumption and Commodity Price1  

$0

$100

$200

$300

$400

$500

$600

$700

$800

$900

$1,000

0

2,000

4,000

6,000

8,000

10,000

12,000

2000 2004 2008 2012 2016 2020

(US

$/tonne)

Tonn

es (

000s

)

Global SOP Consumption

Historical Standard FOB NW Europe (US$/tonne SOP)

Estimated Standard FOB NW Europe (US$/tonne SOP)

Europe 23.3%

N. America 8.6%

China 44.3%

Rest of the World

14.9% Africa 4.6%

Central and South America

4.3%

SIGNIFICANT GROWTH POTENTIAL

SOP MARKET DYNAMICS

Limited production and premium price has restricted demand

SOP share of potash market: Current: ~10% Potential: >28%1

Trend toward high nutrient fertilizers

Potential to use SOP in typical cereal crop fertilizer blends instead of ammonium sulphate

India SOP consumption: China (pop. 1.3 billion): 1.9 million tpy India: (pop. 1.2 billion) 50,000 tpy (<1% of country’s potash consumption)

Brazil SOP consumption = 32,000 tpy (0.4% of total potash consumption) Premium crops grown on 20% of planted land

11 1Based on crops that are best suited for SOP

THE BLAWN MOUNTAIN PROJECT

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ANTICIPATED PRODUCTION BY 2016

PROJECT OVERVIEW

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Large alunite deposit, which is expected to be processed into SOP, by-product sulphuric acid and bauxite

Target 680,000 tonnes per year of SOP by mid-2016

Historical work expedites project development

Mineral deposit to be surface mined

Proven process

SOP HOSTED IN ALUNITE

Volcanic rock mined for over 500 years

Contains alumina (Al2O3), potassium (K2O), and sulphur (SO3)

Historic source of SOP in U.S. and Australia

Long-term SOP and alumina production in Azerbaijan

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PREVIOUS WORK ACCELERATES PROJECT DEVELOPMENT

EXTENSIVE DEVELOPMENT COMPLETED IN 1970’s

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Approx. $25 million spent (~ $100 million in today’s dollars)

All data owned by Potash Ridge

Drilling

Resource estimate

Feasibility study

Mine plan

Engineering

Permitting

Pilot plant: 3-year operation processing 11 tonnes/day

SIMPLE PROVEN FLOWSHEET

Potash Ridge expects the processing plant to produce: •  680,000 tonnes of SOP per annum •  3.3 million tonnes per annum of 51% alumina content bauxite •  1.6 million tonnes of concentrated sulphuric acid per annum

Alunite

Beneficiation

Calcination

Water Leach

51% alumina content bauxite

Potash Sulphate Solution

Crystalizer Compaction Drying Potash Sulphate

SO2 Acid Plant Sulphuric Acid

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Flowsheet mirrors historical production processes

RECENT TEST WORK CONFIRMS FLOWSHEET

Bauxite  suitable  for  a  Bayer  Process  •  Non-­‐tradi@onal  high-­‐grade  alumina  (51%)  resource  

•  Low  iron  /  @tanium  concentra@ons  compared  to  a  tradi@onal  bauxite  

•  Avoids  the  produc@on  of  bauxite  residue  “red  mud”  waste    

•  No  iden@fied  heavy  metals  

•  Favorable  access  to  markets  via  exis@ng  rail  and  port  infrastructure  

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HIGH  GRADE  BAUXITE  BY-­‐PRODUCT      

Potash  Ridge  bauxite:  

•  THA  =  50.9  %    (Tri  -­‐hydrate  Alumina)  

•  Quartz  =  20.6  %  (Form  of  Silica)  

•  Fe2O3  =  2.58  %  (Ferrous  Oxide  <Iron>)  

•  TiO2  =  1.42  %  (Titanium  Oxide)  

•  P2O5  =  0.59  %  (Phosphorous  Pent-­‐oxide)  

Typical  bauxite:  

•  THA  =  41.66  %    (Tri  -­‐hydrate  Alumina)  

•  Total  SiO2  =  7.32%  (Total  Silica)  

•  Quartz  =  1.86  %  (Form  of  Silica)  

•  Fe2O3  =  5.98  %  (Ferrous  Oxide  <Iron>)  

•  TiO2  =  2.43  %  (Titanium  Oxide)  

•  P2O5  =  0.06  %  (Phosphorous  Pent-­‐oxide)  

•  TOC  =  0.19%  (Total  Organic  Carbon)  

ALMOST 100 YEARS OF POTASH PRODUCTION

UTAH: AN ATTRACTIVE MINING JURISDICTION

1Forbes Magazine, November, 2011 2Fraser Institute, February, 2012

Major resource producer

Existing potash production

Best state for business1

Top quartile mining jurisdiction2

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OUR LAND ADVANTAGE

State-owned land

Simpler permitting process

Leasehold and royalty agreements negotiated

No known adverse environmental, social or aboriginal issues

Sufficient water nearby – rights application made

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MUNICIPAL AND STATE SUPPORT OF PROJECT

ESTABLISHED INFRASTRUCTURE NEARBY

Roads, rail and natural gas

Construction materials and equipment suppliers nearby

Skilled labour force

Access to ports of Los Angeles and Houston

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HISTORIC DRILLING

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320 holes drilled in 1970’s

NI 43-101 CONFIRMATION DRILLING

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Phase 1 Area 1 – 34 holes (19 core; 15 RC)

Phase 2 Area 1 – 38 holes (12 core; 26 RC) Area 2 – 50 holes (6 core; 44 RC)

Phase 3 Area 1 – 2 RC holes Area 2 – 16 RC holes

140 holes following completion of current drilling program  

Initial Mine Plan for 30 Years using NI 43-101 Compliant M&I Resources  

SIGNIFICANT RESOURCE IDENTIFIED

1 Contained within alunite 2 Using 1.00% cut-off grade 3 The historic resources are not NI 43-101 compliant although reasonable methodologies were applied at the time. A qualified person has not done sufficient work to classify, and the Corporation is not treating the estimates as current mineral resources or mineral reserves.

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Area

Measured + Indicated Inferred

Resource tons (000's) Alunite grade SOP tons

(000's)

SOP Resource tons (000's) Alunite grade SOP tons

(000's)

SOP

grade1 grade1

NI-43-101 Compliant 2

1 156,285 37.6% 9,315 15.8% 392 46.5% 24 13.1%

2 464,442 35.6% 26,395 15.9% 250,769 34.7% 13,476 15.5%

Total: Areas 1 & 2 620,726 35.8% 35,710 15.9% 251,160 34.7% 13,500 15.5%

Historic Resources 3

3 11,600 44.0% 987 19.3% 281,400 44.0% 23,950 19.3%

4 51,700 36.5% 3,667 19.4% 49,200 38.0% 3,645 19.5%

Total: Areas 3 & 4 63,300 37.9% 4,654 19.4% 330,600 43.1% 27,595 19.3%

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EXPECTED TO BE LOWEST COST SOP PRODUCER

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Alunite Leach

Polyhalite Leach

Salt Lakes MOP/ Sulphate

Salts

Mannheim Process

Process Method

World Capacity Process Inputs Products

Avg Cost / Tonne

Mannheim 60% ! MOP ! Sulfuric Acid ! Energy

! SOP ! HCI

$550

MOP and Kieserite

25% ! MOP ! Kieserite ! Energy

! SOP ! Magnesium

Chloride

$386

Salt Lakes 15% ! Lake Brines ! Energy

! SOP ! Magnesium

Chloride ! NaCI

$300

Polyhalite Leach

– ! Polyhalite ! Water ! Energy

! SOP ! Kieserite

$162

Alunite Leach

– ! Alunite ! Energy

! SOP ! H2SO4 ! Bauxite substitute

$101

Cash Cost by Production Method Avg Cost/Tonne

Process Method and Cost Comparisons

POTASH RIDGE

Expected In Production Includes expected and in-production data

1 The cost is converted from $92 per short ton. Excludes bauxite credits  

$300

$386

$550

$162

$1011

PRELIMINARY ECONOMIC ANALYSIS RESULTS

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PROJECT HIGHLIGHTS Annual Production Rates: SOP 680,000 tonnes Sulphuric Acid 1.6 million tonnes Initial Mine Plan1 30 years Capital Cost2 $1.075 billion

1 Future planned work may expand resource base and extend life of project beyond 30 years 2 Excludes third party costs: power generation ($160 million), sulphuric acid plant ($180 million) and water treatment plant ($40 million) 3 Excludes potential credits related to sale of 3.3 million tonnes per annum of bauxite

FINANCIAL HIGHLIGHTS

NPV @ 10% (after tax)3 $1,331 million Unlevered IRR (after tax)3 21.3%

SOP CAPITAL COST BREAKDOWN1

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CAPITAL  COST:  $1.075  billion  

24%      SOP  Leaching,    Crystalliza@on    and  Drying  

18%    Calcina@on  

17%    Beneficia@on  

41%      Con@ngency    

and    Indirects  

1 Excludes third party costs: power generation ($160 million), sulphuric acid plant ($180 million) and water treatment plant ($40 million)

 

OPERATING COSTS: $101/TONNE1

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7%  

79%    Direct  Plant  and  Mine    Produc@on  Costs    

($188M)  

7%    Other    ($14M)  

14%  Royal@es  ($33M)  

1  The cost is converted from $92 per short ton. Excludes bauxite credits 2    750,000  tons  (SOP)  +  1.8M  tons  (sulphuric  acid)  =  2.55  million  tons  or  2.3  million  tonnes      

Cost  Breakdown   Millions  

Direct  Plant  and  Mine  Costs   $188  

Royal@es   $33  

Other   $14  

TOTAL:   $235  

Divided  by   2.55  tons2  

Cost  per  ton   $92  

Cost  per  tonne   $101  

CAPITAL STRUCTURE

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Millions ($)

Common Shares 81.3

Non-voting Common Shares 5.0

Total Shares Outstanding 86.3

Warrants – $ 0.50 10.7

Warrants – $1.00 5.0

Broker options/warrants 3.4

Stock options 6.8

Total Fully Diluted Shares 112.3

PROJECT TIMELINE

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Stage Activity 2013 2014 2015 2016

Confirmation Drilling Areas 1 & 2

Process Development

Metallurgical Testing and Pilot Plant (process optimization)

Permitting Project Permitting

Engineering Studies

Prefeasibility

Feasibility/Mine Design

Construction

Civil Works, etc.

Processing Plant

Mine

Production Commissioning

MANAGEMENT AND BOARD CURRENTLY OWN 4%

STRONG BOARD WITH DIVERSE SKILLS AND LOCAL EXPERIENCE Rahoul Sharan, Chairman Chartered Accountant with over 30 years diversified mining experience Former Chairman and CEO of Uranium Power Corporation

Navin Dave Chairman and CEO of Stat-Ops International Former Managing Partner, KPMG LLP

Robert C. Gross Former Chief of Staff to Utah Governor Former Senior Advisor, Coalition Authority of Iraq Former Chairman and President of First Interstate Bank Former President and CEO of Blue Healthcare Bank

Rocco Rossi Experienced business strategist and public company director Former President and COO of MGI Software Corp.

Phil Williams Director, Investment Banking of Dundee Capital Markets Inc. Former VP, Business Development Pinetree Capital and Mega Uranium Ltd.

Stephen Harapiak President and COO Victory Nickel Inc. Former CEO, Potash Corp.

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Guy Bentinck President & CEO

SKILLED SERVICE PROVIDERS

Hazen Research: •  Pilot plant •  Metallurgical testing

Norwest:

•  Resource estimates •  Permitting •  Prefeasibility study •  Feasibility study •  Water rights

Stoel Rives: •  Permitting •  Water rights

ICPE •  Engineering

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COMPETITIVE ADVANTAGES

Large mineral deposit containing premium-quality potash

Strategically located in a mining friendly jurisdiction with established infrastructure nearby

State-owned land allows for an efficient permitting process

Historical work expedites project development

Lower risk surface mining deposit; expected lowest cost producer

30 year mine life, with upside potential

PEA completed: $1.3 billion NPV at 10%; 21.3% after tax IRR

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CONTACT US

E-mail: info@potashridge.com

Phone: 416.362.8640 ext 101

Website: www.potashridge.com Head office: 3 Church Street, Suite 600 Toronto, Ontario M5E 1M2

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