January 2012

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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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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Milestone Project

Phase 1 & 2 Drill Program

(20, 153m)

NI 43 101 Compliant Mineral Resource Estimate Measured & Indicated 174 Mt recoverable KCL Inferred 560 Mt recoverable KCL

Scoping Study Delivered

Updated NI 43 101 Technical Report

Measured & Indicated 244 Mt recoverable KCL Inferred 701 Mt recoverable KCL

Prefeasibility Study Completed

Feasibility Study Process Initiated

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Feasibility Completion

2009 2010 2011 2012

Elk Point Basin

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Updated NI 43 101

Technical Report

Measured (Recoverable)

66.6 Million Tonnes

25.75% KCL

Indicated (Recoverable)

186.68 Million Tonnes

25.97% KCL

Inferred (Recoverable)

708.18 Million Tonnes

25.96% KCL

World Class Resource

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In-situ: Measured = 781 Mt Indicated = 2,240 Mt Inferred = 10,682 Mt Including interbeds*

Milestone Saskatchewan

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Solution Mining

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Geothermal Gradients

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NPV (10) $4.14 B

CAD

IRR 22.7%

Payback Period 5 Years

OPEX $62.35/ tonne CAD

Initial CAPEX 2.458 B CAD

Port CAPEX 300 M CAD

PFS Highlights

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PFS Highlights

Target Annual Production

rate

2.8 Mt/yr

Life of Mine 40 years

Construction Start-up

2013

Mining Start-up 2016

Years to Full Secondary Production

6 years

Long Term Potash Price (FOB) Gate

$511 US/Tonne

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Potash Site Costs

Assuming Full Capacity Utilization*

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Annual Earning Comparisons

(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

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* Gate Price excludes shipping to market ( $360/T KCl f.o.b.Vancouver)

Input for the chart below for the Western Potash Project taken from the Scoping Study, Fall 2010

Management

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President & CEO Patricio Varas

•Professional Geologist with over 24 years experience in exploration, project development and corporate management.

•WPX President and CEO since inception.

Executive Vice President Dean Pekeski

•Professional Geologist with over 17 years experience in mineral exploration.

•Previously the VP of Exploration with WPX.

VP Corporate Development John Costigan

•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.

VP Corporate Finance & Director Patrick Power •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.

Evaluation and Project Development Ian Graham

•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.

Financial Advisor John King Burns

•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.

Milestone Timeline

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Investment Highlights

• World Class Resource

• Positive Economics

• Ability to Deliver the Project

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Source: AMEC Americas Ltd.

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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