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FORWARD LOOKING STATEMENTS

2

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

3

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 VP,

Development

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

INVESTMENT HIGHLIGHTS

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 low-cost producer

30 year mine life, with upside potential

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

5

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

6

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

8

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

0

100

200

300

400

500

600

700

800

900

2006 2007 2008 2009 2010 2011

SOP1 MOP2

9

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

$/to

nn

e)

To

nn

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 a

bauxite substitute

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

15

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

• 1.6 million tonnes of concentrated sulphuric acid per annum

Residue from water leach process is estimated to be 3.3 million tonnes per annum of 51% alumina content bauxite substitute, suitable for a Bayer Process

Alunite

Beneficiation

Calcination

Water Leach

51% alumina

content bauxite

substitute

Potash Sulphate

Solution

Crystalizer

Compaction Drying Potash Sulphate

SO2 Acid Plant Sulphuric Acid

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Flowsheet mirrors

historical production

processes

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 nearby1 – rights application made

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MUNICIPAL AND STATE SUPPORT OF PROJECT

1Based on historic data; confirmation drilling underway

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

20

320 holes drilled

in 1970’s

AREA 1 DRILLING CONFIRMED HISTORIC

RESOURCE

21

NI 43-101 compliant

drilling – 14,817 feet

over 34 drill holes

Samples show

potassium grades of

up to 19.2% higher

than historical results

– to be confirmed in

Phase 2 drilling

PHASE 2 CONFIRMATION DRILLING

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Area 2 Completed

• 6 core holes; 44 reverse

circulation holes

• Total depth drilled – 17,067

feet

Area 1 Underway

• 12 core holes; 26 reverse

circulation holes

• Focus on exploring SW

portion of Area 1 and

confirming potentially higher

grades

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 Based on current assays, Norwest believes SOP grade could be up to 19.2% higher – to be confirmed 4 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.

4

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% 3 392 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 4

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 LOW-COST SOP PRODUCER

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Potash Ridge 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

Cash Cost by Production Method Avg Cost/Tonne

Process Method and Cost Comparisons

Expected In Production

1 The cost is converted from $92 per short ton. Excludes sulphuric acid and bauxite-substitute credits

$300

$386

$550

$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

Cash Cost of Production (before acid credits)3,4 $101 per tonne

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 The cost is converted from $92 per short ton

4 Excludes potential credits related to sale of 3.3 million tonnes per annum of bauxite-substitute

FINANCIAL HIGHLIGHTS

NPV @ 10% (after tax)4 $1,331 million

Unlevered IRR (after tax)4 21.3%

SOP CAPITAL COST BREAKDOWN1

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CAPITAL COST: $1.075 billion

24% SOP Leaching, Crystallization

and Drying

18% Calcination

17% Beneficiation

41% Contingency

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

79%

27

7%

79% Direct Plant and Mine

Production Costs

7% Other

14% Royalties

1 Excludes sulphuric acid and bauxite-substitute credits

25% Calcination

20% Labor and

Benefits

14% Beneficiation

14% Contingency

and Other

12% Powerhouse

11% Materials &

Consumables

4% SOP Leaching, Crystallization

and Drying

PROJECT TIMELINE

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Stage Activity 2012 2013 2014 2015 2016

Confirmation

Drilling Areas 1 & 2

Resource

Definition

Updated NI 43-101 and

PEA

Process

Development

Metallurgical Testing and

Pilot Plant (process

optimization)

Permitting Project Permitting

Engineering

Studies

Prefeasibility

Feasibility/Mine Design1

Construction

Civil Works, etc.

Processing Plant2

Mine2

Production Commissioning2

1. Subject to receiving a positive pre-feasibility study

2. Subject to receiving a positive feasibility study

MANAGEMENT AND BOARD CURRENTLY OWN 6% PRE-IPO

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.

29

Guy Bentinck

President & CEO

INVESTMENT HIGHLIGHTS

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 low-cost producer

30 year mine life, with upside potential

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

30

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

31

Premium Potash Project

Driven by a Proven

Management Team