InvestorPresentation

FEBRUARY 2017

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 Corporation’s Annual Information Form dated March 28, 2016, 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.

FORWARD LOOKING STATEMENTS

2

ABOUT US

3TSX:PRK

Potash Ridge is a near term

producer of potassium sulphate

(SOP) fertilizer using two

different processes; one in Utah

and one in Quebec.

OUR VISION IS TO BECOME THE SOP MARKET LEADER IN NORTH AMERICA

4

• Become lowest cost North American SOP producer

• Become first producer using Mannheim process in North America

• Acquired in 2015

• 40,000 tpy of SOP

• CDN$50 million capex

• 30% after tax IRR

• Proven process

• Production targeted in H1 2018

• Scalable

• Potential for $14m in average annual cash flows

• NPV (after tax 10%) $82 million

• Original SOP project

• 230,000 tpy of SOP

• US $458 million capex

• 20.1% after tax IRR

• Lowest cost producer in North America (US$ 172/ton)

• Major permits and water rights secured; infrastructure nearby

• Potential for US$100M in average annual cash flow

• NPV (after tax 10%) $482 million

Strategy Valleyfield(Quebec)

BlawnMountain

(Utah)

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Potassium Sulphate (SOP)

• Low-chloride fertilizer required for fruits, vegetables, nuts

• Domestic selling price 3x potash (“MOP”)

• Global consumption ~7 million tonnes per year (“tpy”)

• Demand potential is 10 million tpy

• 400k t current production in North America versus projected demand of 1M t demand

• One other North American producer

• Qualifies as “organic”

Potassium Sulphate (SOP)

Low chloride, high sulphur – providing benefits to crops not available with MOP

Global potential market demand of 10 million tpy

Capacity growth limited in current North American process

US$630/tonne in North America

Improves yield, taste, appearance and shelf life

Significant benefits for fruits, vegetables, nuts, tobacco

POTASSIUM SULPHATE: Two Macronutrients in One

ALUNITE

CRUSHING & GRINDING

CALCINATION

WATER LEACH

In fertilizers, there are 6 macro nutrients required for a plant’s life cycle. No substitutes

SO2 ACID PLANT SUPHURIC ACID

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Nitrogen

Phosphate

Potassium Magnesium

Calcium

Sulphur

Potassium Chloride (MOP)

Contains chloride – detrimental to plants and soil

Global market 55 million tpy

Market is in over supply, with idle capacity and multiple projects in pipeline

US$150/tonne in North America

Chloride can leach into groundwater or build-up in arid soil conditions, impacting yields and crop quality

Primarily for corn and grain crops that can withstand chloride 5

POTASSIUM APPLICATION IMPROVES YIELD AND QUALITY – IMPACT ON TOMATOES

6University of Florida: Comparison of Potassium Sources and Rates For Tomato Production in Florida

100lb/acre 200lb/acre 300lb/acre

POTASSIUM SULPHATE ELIMINATES CHLORIDE DAMAGE

7

Clemson University, The Australian and New Zealand Field Guide to Diseases, Pests and Disorders of Grapes

Peach and grape leaves suffering salt (chloride) damage

SOP: A top performing commodity in last 5 years

SOP: SUPERIOR PRODUCT WITH ATTRACTIVE MARKET DYNAMICS

1 Compass Minerals Q3 2016 Report, 2 Potash Corp Q3 2016 Report

SERVING AN UNDERSERVED MARKET

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MOP2

SOP1

$US/ton

-

200.0

400.0

600.0

800.0

1,000.0

1,200.0

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

SOP price influenced by high-value crop economics not MOP price

SOURCES OF POTASSIUM SULPHATE

SOP

CHEMICAL REACTION: Mannheim Process

50% of all SOP produced uses Mannheim Process

Used in Asia, Middle East and Europe

Soluble and granular form

SOP

EVAPORATION: Salt Lake

Finite resource

Found in USA, Chile, China, Europe

Granular form

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SOPMINERAL PROCESSING: Alunite

Proven process

Soluble and granular form

POTASH RIDGE’S TWO SOP PROJECTS

BLAWN MOUNTAIN (Utah)

VALLEYFIELD FERTILIZER CORP. (Quebec)

SOP CONSUMPTION MATCHES LOCAL AVAILABLE PRODUCTION

10Green Markets, Northern Shoreline, company reports

0

500

1000

1500

2000

2500

3000

3500

4000

4500

5000

North A. South A. Europe Asia Middle East

North America is Underserved

Current Production Existing Consumption Estimated Demand

000’s tonnes

TWO PROJECTS STRATEGICALLY LOCATED TO SERVE SOP-DEMANDING CROPS

Valleyfield

Blawn Mountain

AlmondsGrapesApplesLettuce

CitrusVegetablesPotatoesTobacco

11

Valleyfield Project

Quebec

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VALLEYFIELD PROJECT (QUEBEC)

13

Low capex with fixed price contract (CAD$50 million)

Short build time: 9-12 months

40,000 tpy of SOP (scalable)

Other locations in North America being for expansion opportunities

Utilities and logistics infrastructure well-established

Technology and commercial relationships create barrier to entry

Land use approved by local city council – enthusiastic government support

Long term offtake for hydrochloric acid by product secured

Long term supply of sulphuric acid secured

Phase 1 - Economic Summary (CDN$)

Initial capital cost $50.0 million

IRR (unlevered after tax) 30%

NPV (after tax at 10%) $82.0 million

SOP price/tonne $820

Opex/tonne 3701

Margin/tonne $450

TSX:PRK(1) Net of acid credit.

Located in industrial area near Montreal, Quebec

Property secured in industrial zone

Strong local support

Rail access at site

Port within 2 km, allowing access into key U.S. markets

Within 5 km of sulphuric acid supplier

Located near hydrochloric acid customers

Quebec Government highly supportive of new investments that create employment (including providing financial support)

14

VALLEYFIELD: STRATEGICALLY LOCATED

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PROVEN MANNHEIM PROCESS

Converts MOP to SOP

Proven production process (150 year history), with numerous operating facilities in Europe and China (50% of current SOP production is from Mannheim)

High quality, consistent production process

Scale allows for construction time of 12-months

Migao Corp. (long-term SOP producer) engaged to provide procurement and technical services

POTASSIUM CHLORIDE

SULPHURIC ACID

HEAT

MANNHEIM FURNACE

POTASSIUM SULPHATE

(SOP)

HYDRO-

CHLORIC ACID (HCl)

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Raw Material Finished Products2-Stage Process

550oC

.84t

.56t

1.0t

1.2t

VALLEYFIELD MILESTONES

1

Engineering

Preliminary engineering completed Q1 2017

Phase I near completion

Partnered with Migao Corp. to leverage 20-year

Mannheim experience

Expected to proceed with execution in Q1, 2017

2

Permitting

Applications being submitted Q1 2017

City has passed resolution for use

of land

3

CommercialArrangements

Negotiating long term supply of MOP

Long term supply of sulphuric acid

secured

Lock in natural gas contract

HCl offtake with Jones Hamilton

secured

4

SOP Offtake

Negotiating long term offtake agreements

Direct sales to local growers

5

Financing

Debt and Equity negotiations ongoing

at Valleyfield level

Quebec & Federal government financial

programs available

6

Construction

Milestones

Break ground Q2 2017

Complete construction Q1 2018

Ramp up to full production H1 2018

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Blawn Mountain Project

Utah

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BLAWN MOUNTAIN PROJECT (UTAH)

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Will be lowest cost producer in north America

45+ years proven + probable reserves

Initial production rate of 255,000 tons per year

Can expand to 645,000 tons per year

All infrastructure within 30 miles

Processing technology optimized by Potash Ridge over last 3 years

Commercial arrangements well advanced

Permits and water rights secured

Offtake for sulphuric acid byproduct secured

Upside potential through monetization of tailings rich in alumina

PFS Economic Summary (US$)

Initial capital cost $458 million

IRR (unlevered after tax) 20.1%

NPV (after tax at 10%) $482 million

SOP price/ton $673

Opex/ton(1) $172

Margin/ton $501

(1) Net of acid credit and excluding royalties.

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BLAWN MOUNTAIN PROJECT (UTAH)

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• Drilling work to date has established 45+ years of reserves

• Over 100 years of potential potash production

• Ranked #2 state for business and top 10 mining jurisdiction globally(1)

• 100% state-owned land

• Strong state government and local support

• All necessary infrastructure nearby(1) Forbes Magazine, 2015 Ranking and Fraser Institute, 2015

1

2

3

54

1 Area 2 Mining Zone 2 Processing Plant Location 3 Access Road 4 Area 1 Mining Zone 5 Ore Test Pit

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PERMITTING ESSENTIALLY COMPLETED

The following table identifies the major permits and approvals that the Corporation has or still needs to obtain prior to construction:

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PERMIT/APPROVAL ISSUING AGENCY COMPLETED

Exploration Permit Utah Division of Oil, Gas and Mining October, 2011

US Army Corps of Engineers Jurisdictional Waters Concurrence

US Army Corps of Engineers March, 2014

Groundwater Permits Utah Division of Water Quality July, 2014

Large Mine Operation Approval Utah Division of Oil, Gas and Mining August, 2014

Air Quality Emission Standard Utah Division of Air Quality

Air Quality Emission Standard requires the engineering to be partially completed before the application is filed. It is technically not a permit, but more an agreed upon emission target that the Project must be designed to meet.

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INDUSTRY PROVEN FLOWSHEET

ALUNITE

CRUSHING & GRINDING

CALCINATION

WATER LEACH

ALUMINA RICH TAILINGS

SO2

SOP SOLUTION

ACID PLANT

CRYSTALLIZING DRYING,COMPACTING & SIZING

SUPHURIC ACID

SOP

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• Existing plant in Azerbaijan currently mothballed (Ganja Refinery)

• Flowsheet similar to commercial-scale production processes historically used in US and Australia

• Extensive test work optimizes proven technology of SOP process

• Planned additional test work will include bulk samples at equipment vendor facilities – will result in vendors providing production guarantees

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• PFS economics exclude revenue from alumina rich material

BLAWN MOUNTAIN DEVELOPMENT TIMELINE

Late 1970’s

$25 million invested

developing Project

April 2012

Initial resource estimate

August 2014

Large Mine Operating Permit

issued

December 2012

IPO $80M market cap

March 2014

US ACOE confirms no US federal permits required; exploration

lease converted to mining lease

July 2014

Groundwater

Discharge Permit

issued

December 2013

Prefeasibility

Study established 40 years of reserves

November 2012

Preliminary Economic

Assessment

2011

Project Acquired

October 2014

Entered into offtakeand marketing

arrangement for by-product sulphuric acid

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January 2017

Updated PFS issued showing reduced capex

and maintaining strong economics

BLAWN MOUNTAIN MILESTONES

1

Maintain Value Created to Date While Raising

Pre-Construction Capital

Mining lease modified in June 2015 to defer

lease payments

Permits remain intact

Commercial arrangements already negotiated for support infrastructure

remain in place

2

Evaluated Reduced Scale Alternative

Completed updated PFS in Q1 2017

Next step to obtain EPC quote

3

Offtake

MOU signed for sale of by-product sulphuric acid

In discussions with potential offtake

of SOP partners

Ongoing discussions with potential partners to assess the upside for

the alumina

4

Financing

Strong interest in construction financing –continue dialogue with

potential financiers

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GUY BENTINCKPresident & Chief Executive Officer

• Chartered Professional Accountant

• 20 years mining/resource experience

• Sherritt CFO and SVP Capital Projects

EXPERIENCED AND PROVEN MANAGEMENT

ROSS PHILLIPSChief Operating Officer & Chief Financial Officer

• MA (Econ)/MBA/CFA/CPA

• 15 years experience in large resource and energy sector projects

• Sherritt, Capital Power

JAY HUSSEYPresident, Valleyfield Fertilizer

& VP Corporate Finance

• 20 years capital markets consulting

• 9 years SOP operational experience with Migao Corporation (TSX-listed, China-based, Mannheim SOP producer)

OVER 55YEARS

COMBINED EXPERIENCE

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CAPITAL STRUCTURE

126.4MTotal Common Shares Outstanding

10.6MStock Options

25.2MWarrants

162.2MTotal Fully

Diluted Shares

25TSX:PRK

Date/Price PriceProceeds

$mm

February 2011 $0.05 $1.1

August 2011 $0.25 5.4

November 2011 $0.25 1.5

December 2011 $0.25 0.5

December 2011 $0.75 10.5

December 2012 $1.00 20.0

November 2015 $0.03 0.6

April 2016 $0.15 1.75

May 2016 $0.25 $1.4

January 2017Convertible Debenture

$3.4

Total $46.15

CAPITAL RAISES

As of February 13, 2017

Shares outstanding 126 million

52 week range $0.50 - $0.05

February 13 , 2017share price

$0.25

Market Cap $31 million

Management and Board 2.2 million shares

MARKET FIGURES

10 King Street East, Suite 300

Toronto, Ontario

416.362.8640

www.potashridge.com