Key Considerations FSE: P9PForward Looking StatementsCertain statements in this presentation constitute forward-looking statements or forward-looking information within themeaning of applicable securities laws (“forward-looking statements”). Such forward-looking statements involve knownand unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements ofPacific Potash Corp (“Pacific Potash” or “the Company”), or developments in Pacific Potash Corp’s business or in itsindustry, to differ materially from the anticipated results, performance, achievements or developments expressed orimplied by such forward-looking statements.Forward-looking statements include all disclosure regarding possible events, conditions or results of operations that isbased on assumptions about future economic conditions and courses of action. Forward-looking statements may alsoinclude any statement relating to future events, conditions or circumstances. Pacific Potash Corp cautions you not toplace undue reliance upon any such forward-looking statements, which speak only as of the date they are made.Forward-looking statements relate to, among other things, changes in the resource market; the market focus of PacificPotash Corp’s revenue mix and margin targets; operations priorities; and strategy for its products and solutions. Therisks and uncertainties that may affect forward-looking statements include, among others, the completion andintegration of acquisitions, the possibility of technical, logistical or planning issues in connection with deployments, thecontinuous commitment of Pacific Potash Corps investors, demand for Pacific Potash Corps equity and assets and otherrisks detailed from time to time in Pacific Potash Corps filings with the Securities and Exchange Commission andCanadian provincial securities regulators. Forward-looking statements are based on management’s current plans,estimates, projections, beliefs and opinions, and the Company does not undertake any obligation to update forward-looking statements should assumptions related to these plans, estimates, projections, beliefs and opinions change. 2
Capital Structure FSE: P9PStock Symbol PP.VStock Exchange TSX Venture------------------------------------------------------------Issued & Outstanding* 34,500,396Options Outstanding 2,672,500 - Priced between $.20 - $.40Warrants Outstanding 16,909,772 - 12,500,000 @ $0.28 (February 2014) - 1,643,750 @ $0.20 (March 2016)------------------------------------------------------------Fully Diluted 54,082,668Market Capitalization $7,546,000------------------------------------------------------------Working Capital $6,188,525 October 27, 2011 5
Management TeamSenior Executive FSE: P9P • Currently serves as President, Director and Chairman of Strathmore MineralsSteven Khan, MBA, CFA and is a founder and former senior executive officer for Fission EnergyDirector & CEO • Former senior executive officer of full-service national brokerage houses • Major joint venture projects with Chinese, Korean and Japanese governments and private companies (e.g., Roca Honda and Sumitomo JV–2007) • B.Sc. and MBA from UBC, Chartered Financial Analysts and former CSI Fellowship • +27 years of leadership in the global venture capital markets------------------------------------------------------------------------------------------------------------------------------Balbir Johal, B.A, LL.B • Lawyer since 1983 serving public companies as a senior officer and director • Served as a senior officer and director for Centurion Minerals, Abzu Gold,Director and Signature Resources, Mega Copper Tiller Resources, etc.Executive Chairman • B.A. from UBC and Bachelor of Law from the University of Windsor • +20 years in the global capital markets—resource and exploration------------------------------------------------------------------------------------------------------------------------------ • +40 years in mining and mineral exploration, development and operationsSteve Butrenchuck, P.Geo, M.Sc. • Currently a director of Passport Potash Inc. (former President and CEO of PassportDirector & President Potash Inc.) and a senior officer and director of several public resources companies: BonTerra Resources, Equinox Exploration, etc. • Exploration and geology management for majors (16 years with Cominco) • Former Consulting Geologist for the Geological Survey of British Columbia • Member of the Assoc. of Prof. Engineers, Geologists and Geophysicists of Alberta 6
Management Team (cont’d)Senior Executive FSE: P9P • +20 years of leadership in international mineral exploration and resourceJody Dahrouge, B.Sc., Sp.C., P.Geo • Senior executive officer, director and/or geologist with Commerce Resources,Director and Sr. VP Exploration Quantum Rare Earth, Fission Energy, Equitas Resources, AM Gold, etc. • Member of Assoc. of Prof. Engineers, Geologists and Geophysicists of AB and BC • Qualified geological professional in asset analysis, M&A evaluation, etc.------------------------------------------------------------------------------------------------------------------------------Bryce Clark, CFADirecor and Chief Financial Officer • 20+ years of executive administration for public and private companies • Current/Former CEO/CFO of New Destiny Mining, Harmony Gold, etc.Advisory Board • 30 years experience in potash industryDon Larmour • 28 years with Potash Corp. of Saskatchewan • President and principle of Global Potash Solutions Consulting • Intricate knowledge of conventional and solution mining operations • Expertise in all aspects of potash processing, construction auditing, plant commissioning and environmental compliance 7
Recent News FSE: P9P Pacific Potash Corp. Latest News• Pacific Potash acquired permits for two potash drill holes on its 100% Owned Provost Potash Property located in Alberta, Canada. The Company has retained Taylor Land Services whom have assisted with the permitting process, site selection and negotiations with surface rights holders. Barlon Engineering was retained to conduct and manage the potash exploration drilling program.• Drilling has commenced on the 100% Owned Provost Potash Property. The Provost 11-29-37-1W4m well is located immediately west of the Alberta-Saskatchewan border, near the community of Provost, Alberta. The site targets a strong gamma ray response at a depth of approximately 1340 m, within the top of the Prairie Evaporite Formation. PPC Provost 11-29-37-1W4m• The Company announced that its common shares are now listed and trading on the Frankfurt Stock Exchange under the symbol P9P as of October 27th 2011. The German stock code number for the Company is A1JMQD and the ISIN number is CA8278502072• Don Larmour was appointed to be the first member of the company’s advisory board, to provide guidance and expertise as the company advances its projects. Don brings 30 years of experience with Potash Corporation of Saskatchewan (PCS), holding various engineering positions within PCS including research engineer, plant metallurgist and senior process engineer. His assignments included conventional, as well as solution mining operations.― I believe strongly in the potential of the project, having done the initial analysis of theexisting well log data and helped organize the initial group that stake the original claim on the Provost Area ‖ - Don Larmour, Advisory Board Member 2D & 3D Seismic 8
A Mineral Profile FSE: P9PPotassium Carbonate (K2CO3)“Potash” = Potassium Carbonate (K2CO3) – Sedimentary ore bodies formed from ancient seas – Last mineral depositions from salt-rich brines – Common geology: ―evaporite formations‖Composition: Carnallite (KMgCl3•6H2O) and Sylvite (KCI)• Key indicators of potash mineralization• Potash (KCI) = fertilizer form of potassium (K) – 95% of Potash is used for fertilizer Potash Ore Sample – Canada is the world’s leading producer of potash – Largest consumers: China, the United States, Brazil and IndiaCommercial Uses• Increases crop yields• Improves the quality of agricultural produce• Helps plants survive droughts and cold weather• Helps plants resist pests and infections• Boosts the efficiency of nitrogen fertilizers Potash Drill Core Sample 9
Potash in Alberta A Brief Overview FSE: P9P1. Well-Log History • 1st Recorded Occurrence (1945) o VCO # 15 – Vermillion, Alberta o 100 km North West of Provost o 4m of carnallite, 12m of (possible) sylvite o Up to 10% K2O • 2nd Recorded Occurrence (1946) o Provost No. 2 – Provost Alberta o 10 km West of Provost Potash Property o 110m of 4.1% K2O • 1st Potash Exploration Project (1946) o Unity, Saskatchewan o 45 km East of Provost Potash Property o 1st well - Verbata No. 2 drilled with the intent to recover and sample potash o 3.3 m thick of 21.64% K2O equivalent • 1st K2O Resource Estimate o Conducted by Bayfield O&G Ltd. o Determined pre-mature o 100,000,000 tonnes of carnallite (for 2,000-acre property) containing and surrounding petro drill hole VCO # 15 10
Potash in Alberta (con’t) A Brief Overview FSE: P9P2. Infrastructure • Highly developed both within the province and the Properties o Roads o Paved highways and roads o Gravel secondary roads o Roads received regular clearing of snow during winter o Train o Access to CN and CP on the outskirts of Provost, Alberta o Lines provided access to shipment facilities across Canada and the United States o Service Lines o Power Lines o Gas Lines o Various other lines are available o Workforce o Knowledgeable, and experienced workforces are available in the surrounding areas. o The Properties are located: o 250 km from Edmonton and 272 km away from Saskatoon o Towns o Provost, Alberta is located at the North-West corner of the property o Suitable for immediate accommodation, supplies, services and workforce3. Tax & Royalties • Alberta was ranked the No. 1 jurisdiction for Mining and Exploration by the Fraser Institute (March 2011) • The Alberta Department of Energy (Mineral Development Division) advised that the royalty on potash would be similar to that of salt: o Potash in Alberta would be $.45/tonne compared to Saskatchewan’s royalty of $6.00/tonne. 11
Regional Geology FSE: P9PKnown Potash in East AB and West SK occurs in the Devonian PrairieEvaporite Formation (DPEF) o Near flat-lying sequences of interbedded mineralization featuring Halite, Sylvite, Carnallite and ClayPrairie Evaporite Formation (PEF)* o Evaporitic: land-locked saltwater basins o Beds of mineral enriched deposits (i.e., oil, coal and potash) o Area stretches from North Dakota, East to Manitoba, and West o into Saskatchewan and Eastern Alberta* o Depth Range: 1,000 m to 1,450 m o The uppermost unit in the Elk Point Group: upper 60 m o Four distinct members with potash beds up to 7 m thick PRAIRIE EVAPORITE o Patience Lake, Belle Plaine, White Bear and EsterhazySources: Fuzesy, 1982; Eccles et al., 2009; Klarenbach, 2009; Yang et al., 2009 12*Notes: DPEF not currently known to outcrop at or near the property* and not yet identified in Alberta.
The Properties100% Owned Provost Potash Property FSE: P9PLocation • Provost, Alberta, near the Saskatchewan Border (250 km Southeast of Edmonton) • 45 km West of the prolific Unity Potash MineRegion • Devonian Prairie Evaporite Formation (DPEF) • Elk Point Group: Patience Lake MemberPackage • 100% Interest Option Agreement • Two (MAIM) permits: 17,781 hectares (43,938 acres) of claimsAccess • Paved highways, roads and secondary gravel roads • Year-round access to nearly every part of the property • Canadian National and Canadian Pacific RailwayInfrastructure • Highly developed local potash mining industryWater • Multiple sources (steady flow, year round)Power • Network of power, gas and various service linesExploration Season • Year round (in snowfall or precipitation)Compliance • Geological Technical Report: • Dahrouge Geological Consulting Ltd (NI 43-101 commissioned) 13
The Properties50:50 Joint Venture Property FSE: P9PLocation • Provost, Alberta, near the Saskatchewan Border (250 km Southeast of Edmonton) • 45 km West of the prolific Unity Potash MineRegion • Devonian Prairie Evaporite Formation (DPEF) • Elk Point Group: Patience Lake MemberPackage • 50:50 Interest Ownership Agreement with Grizzly Discoveries • 213,269 hectare (527,000 acres) in claimsAccess • Paved highways, roads and secondary gravel roads • Year-round access to nearly every part of the property • Canadian National and Canadian Pacific Railway– Infrastructure • Highly developed local potash mining industry– Water • Multiple sources (steady flow, year round)– Power • Network of power, gas and various service lines– Exploration Season • Year round (in snowfall or precipitation)– Compliance • Geological Technical Report: • Dahrouge Geological Consulting Ltd (NI 43-101 commissioned) 14
Past Exploration Historic Gamma Ray and Geothermal Tests FSE: P9PWell #1PVR Provost (No. 4-18-38-1) on the Provost claimVery pronounced potash responses (top of PEF) Geothermal gradient of the area map shows a ―hot spot‖, located near #1) Gamma ray response of 375 API • Peak value of 25% K2O over 2.25 m the Provost Potash Property. #2) 1 m below the first - response of 230 API • Such a hot spot may indicate conditions favorable to solution • Peak value of 15.3% K2O over 1.75 m mining.Well #2 • The PEF near the Saskatchewan border indicates that the PEF nearMurphy Ccts Lk (No. 7-30-36-28) 1 km E of Provost claim the Provost Potash Property could be 3m – 6m thick or more.Two pronounced potash gamma ray responses (top 20 m of PEF) #1) 255 API = 17% K2O over 2.25 m (approximately) #2) 120 API = 8% K2ONotes: Meters and % are approximations based on correlation of the gamma ray responses at a ratio of 15 API ≈ 1% K 2O [gamma ray log]response, corrected for borehole effect, is practically proportional to the K 2O content. Sources: geoSCOUT™ database, Schlumberger (1974) 15and Table 3 and Appendix 1 of 43-101 Technical Report and seismic data library of Divestco Inc., Calgary, AB.
Past Exploration Historic Gamma Ray and Geothermal Tests FSE: P9P Well #1 PVR Provost (No. 4-18-38-1) on the Provost claim Very pronounced potash responses (top of PEF) #1) Gamma ray response of 375 API • Peak value of 25% K2O over 2.25 m #2) 1 m below the first - response of 230 API • Peak value of 15.3% K2O over 1.75 m Well #2 Murphy Ccts Lk (No. 7-30-36-28) 1 km E of Provost claim Two pronounced potash gamma ray responses (top 20 m of PEF) #1) 255 API = 17% K2O over 2.25 m (approximately) #2) 120 API = 8% K2O Geothermal gradient of the area map shows a ―hot spot‖, located near the Provost Potash Property. • Such a hot spot may indicate conditions favorable to solution mining. • The PEF near the Saskatchewan border indicates that the PEF near the Provost Potash Property could be 3m – 6m thick or more.Notes: Meters and % are approximations based on correlation of the gamma ray responses at a ratio of 15 API ≈ 1% K 2O [gamma ray log]response, corrected for borehole effect, is practically proportional to the K 2O content. Sources: geoSCOUT™ database, Schlumberger (1974) 16and Table 3 and Appendix 1 of 43-101 Technical Report and seismic data library of Divestco Inc., Calgary, AB.
Provost Potash Property Historical Interpretations FSE: P9P 25% K20 2.25 m100% Owned Provost Potash Property Hole: PVR Provost 4-18-38-1W4 Geological Unit Of Interest Devonian Prairie Evaporite Formation (DPEF)underlies the property Interbedded halite, sylvite, carnallite and clay ect. Potash usually occurs in the upper 60 m, in four distinct members separated by salt beds Target Mineralization Potash – Potassium Carbonate K2CO3 Halite (NaCl); Carnallite (KMgCL3-6H2O) and Sylvite (KCl) Historical Interpretations Two key drill sites have penetrated the PEF and have reported K2O intercepts Strong gamma ray logs indicate potash Up to 4% K20 Hole: PVR Provost 4-18-38-1W4 Hole: Provost No. 2 Interpreted 25% K2O across 2.25 m Hole: Safe et al Provost 11-20-37-1W4 Pronounced gamma response, no scale was provided Hole: Murphy Cds Lk 7-30-36 28W4 17% K20 2.25 m Interpreted 17% K2O across 2.25 m Hole: Murphy Cds Lk 7-30-36 28W4 Hole: Provost No.2 Up to 4% K2O Provost No. 2 intersect has been listed as a viable Potash showing Sources: Cole, 1948; Golden, 1965; Hamilton, 1971; Mossop & Shetson, 1994; Klarenbach 2009 17 Notes: Assay data not available – DPEF not currently known to outcrop at or near the Property.
Provost Potash Property Current Drill Program FSE: P9PDrill Site 1 • Location o North-East of the Sage et al Provost 11-20-37-1W4 historical drill hole • Commencement o Monday October 24th 2011 • Depth o ~1450 m • Compliance o Dahrouge Geological Consulting Ltd. o Barlon Engineering o Taylor Land ServicesDrill Site 2 • Location o North-East of the PVR-Provost 4-18-38-1W4 historical drill hole • Commencement o Pending the conclusion of Drill Site 1 • Depth o ~1450 m • Compliance o Dahrouge Geological Consulting Ltd. o Barlon Engineering o Taylor Land ServicesThe company plans to drill an additional two holes pending the results of drill sites 1and 2 on the 50:50 Joint Venture Property with Grizzly Discoveries. Sources: Cole, 1948; Golden, 1965; Hamilton, 1971; Mossop & Shetson, 1994; Klarenbach 2009 19 Notes: Assay data not available – DPEF not currently known to outcrop at or near the Property.
Solution Mining The Advantages FSE: P9P• Mineral solubility is heightened by increasing temperatures o PEF depth at Provost is ideal for solution mining• Reduced development costs, timeline and mining risks o No underground workings, access or personnel needed o Development and production is easily scalable o Faster timeline to production compared to conventional mining o Absence of flooding risk o Lower technical risk Solution Mining Diagram o Reduced environmental footprint• Ability to mine deep or irregularly shaped deposits• Reduced CAPEX o Shorted Payback Period o Higher IRR Operating Solution Mine 18
Highlights Key Value Drivers FSE: P9P • First mover K2O exploration in AB o Alberta is ranked #1 jurisdiction in the world for exploration* o Multiuse provincial MAIM policy in Alberta: coexistence of potash and oil and gas project permits o Established potash mining industry o Excellent Infrastructure and access (e.g., major rail lines and highways) • Potential economic grade K2O from gamma ray test study: o PVR Provost 4-18-38-1 (on the Property) #1: Peak value of 25% K2O over 2.25 m #2: Peak value of 15.3% K2O over 1.75 m • The Company is currently trading at cash value, and at less than break-up value • The Properties share the same geological formation (PEF) with the prolific Unity Potash Mine • Extension of the Western Salt Flat Boundary • Production shortfall vs. rising global market demand • Single largest export region of Potash • Expansion of markets in Eastern Asia and India • Solution Mining: low CAPEX vs. dry shaft*Source: Frasier Institute, 2011 19
Global ProductionProduction Shortfall vs. Market Demand FSE: P9P CapacityProduction Capacity Demand• Current production capacity will result in shortfall by 2017• Canada supplies a majority of the world’s demand for potashGrowing Global Demand• World’s population will reach 9.3 B by the year 2050• Total arable land in use in 1950 will be reduced by 70% Production Capacity vs. Market Demand• Global market will require an estimated 1.5 M Mt more potash EVERY YEAR to satisfy growing world demand• Canada produces almost 25% of the world’s potash o 87% of exported potash from Canada goes to the United States o Canadian potash mines produced 9,500 metric tonnes in 2010• China is the worlds largest potash importer o Potash Dependency Ratio = 68%• There are NO substitutes for potash (potassium) o It is an essential plant nutrient and an essential nutritional requirement for animals and humans. o Manure and glauconite (greensand) are low-potassium-content sources that can be profitably transported only short distances to the crop fields. Arable Land Per CapitaSources: Production vs. Demand Chart – Potash Corp 2007; Statistics – USGS Potash Study 2011 20