The latest corporate presentation for Western Potash Corp. Created January 2012. If you have any questions please email info@westernpotash.com.

1. January 2012

2. Disclaimer
The views expressed here contain information derived from publicly available sources and
have not been independently verified.
No representation or warranty is made as to the accuracy, completeness or reliability of the
information.
Any forward looking information in this presentation has been prepared on the basis of a
number of assumptions which may prove to be incorrect. For additional information on these or
other factors, please see the Company’s filings on SEDAR. This presentation should not be
relied upon as a recommendation or forecast by Western Potash Corp.
Nothing in this presentation should be constructed as either an offer to sell or a solicitation of
an offer to buy or sell shares in any jurisdiction.
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3. Western Potash Corp. Strengths
• World Class Resource
– Updated NI 43 101 Technical Report
• Positive Economics
– Preliminary Economic Assessment
(Scoping Study)
• Ability to Deliver the Project
– Management Experience
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4. Milestone Project
Updated NI 43 101 Technical Report
Measured & Indicated
244 Mt recoverable KCL
Inferred
701 Mt recoverable KCL Feasibility
Scoping
Study
Delivered
Completion
Phase 1 & 2
Drill
Program
Prefeasibility Study
(20, 153m) Completed
NI 43 101 Compliant Mineral
Resource Estimate Feasibility Study
Process Initiated
Measured & Indicated
174 Mt recoverable KCL
Inferred
560 Mt recoverable KCL
2009 2010 2011 2012
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5. Elk Point Basin
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6. World Class Resource
Measured 66.6 Million
Updated NI (Recoverable)
Tonnes
43 101 25.75% KCL
Technical Indicated 186.68 Million
(Recoverable)
Report Tonnes
25.97% KCL
Inferred
(Recoverable)
708.18 Million
Tonnes
25.96% KCL
In-situ: Measured = 781 Mt Indicated = 2,240 Mt Inferred = 10,682 Mt
Including interbeds*
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7. Milestone Saskatchewan
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8. Solution Mining
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9. Geothermal Gradients
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10. PFS Highlights
IRR 22.7%
Payback Period 5 Years
NPV (10)
$4.14 B OPEX $62.35/
tonne CAD
CAD Initial CAPEX 2.458 B
CAD
Port CAPEX 300 M CAD
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11. PFS Highlights
Life of Mine 40 years
Target Annual Construction
Start-up
2013
Production Mining Start-up 2016
rate
Years to Full 6 years
2.8 Mt/yr Secondary
Production
Long Term Potash $511
Price (FOB) Gate
US/Tonne
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12. Potash Site Costs
Assuming Full Capacity Utilization*
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13. Annual Earning Comparisons
Input for the chart below for the Western Potash Project taken from the Scoping Study, Fall 2010
(Oct 25th 2011, average
prices)
Milestone Potash Project Gold Copper
Commodity Price $500/t $1,700/tr oz $3.42/lb
Annual Production 2.5 mt/year 0.74 M oz 365 M lbs
Life of Mine 40 years 40 years 40 years
Recovered Grade 30.5% 2.79 g/t 2.02 % Cu
Mining Cost $60/t $204/Oz $0.41/lb
* Gate Price excludes shipping to market ( $360/T KCl f.o.b.Vancouver)
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14. Management
Patricio Varas President & CEO
•Professional Geologist with over 24 years experience in exploration, project development and corporate management.
•WPX President and CEO since inception.
Dean Pekeski Executive Vice President
•Professional Geologist with over 17 years experience in mineral exploration.
•Previously the VP of Exploration with WPX.
John Costigan VP Corporate Development
•Over 25 years experience in technical sales and marketing to the mining, food, and pulp & paper multinationals.
•VP of Corporate Development at WPX since inception.
Patrick Power VP Corporate Finance & Director
•Over 17 years of experience as a stock market professional and as director of public companies.
•Played a critical role in raising approximately 80 million for WPX to date.
Ian Graham Evaluation and Project Development
•Over 20 years of mineral exploration and evaluation experience with Anglo American and Rio Tinto.
•Geological and project management experience in the field of mineral exploration and project development in Canada and abroad.
John King Burns Financial Advisor
•Experience with Drexel Burnham Lambert Inc. and Barclays Bank Plc, Metals Group.
•Provides both strategic and tactical advice to management in combination with financial advisory services.
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15. Milestone Timeline
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16. Investment Highlights
• World Class Resource
• Positive Economics
• Ability to Deliver the Project
Source: AMEC Americas Ltd.
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17. Suite 1818 - 701 West Georgia St.
Vancouver, British Columbia
V7Y 1C6, Canada
604.689.WEST (9378)
info@westernpotash.com
www.westernpotash.com
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