Passport Potash Presentation

7/31/2019 Passport Potash Presentation

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PPRTF:OTCQX www.PassportPotash.com PPI:TSX.V


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Forward-Looking Statements and Forward-Looking Information

All statements, other than statements of historical fact, contained in this presentation constitute forward-lookingstatements within the meaning of the United States Private Securities Litigation Reform Act of 1995, and forward-looking

information under similar Canadian legislation and are based on the reasonable expectations, estimates and projections of

the Company as of the date of this presentation. Forward-looking statements and forward-looking information include,

without limitation, possible events, trends and opportunities and statements with respect to possible events, trends and

opportunities, including with respect to, among other things, the growth of the phosphate market, global market trends,

expected industry demands, the Companys business strategy and investment criteria, the nature of potential business

acquisitions, costs and timing of business acquisitions, capital expenditures, successful development of potential

acquisitions, currency fluctuations, government regulation and environmental regulation. Generally, forward-lookingstatements and forward-looking information can be identified by the use of forward-looking terminology such as plans,

expects or does not expect, is expected, budget, scheduled, estimates, forecasts, intends, anticipates or

does not anticipate, or believes, or variations of such words and phrases or state that certain actions, events or results

may, could, would, might or will be taken, occur or be achieved. Forward-looking statements and forward-

looking information are necessarily based upon a number of estimates and assumptions that, while considered reasonable by

the company as of the date of such statements, are inherently subject to significant business, economic and competitive

uncertainties and contingencies. The estimates and assumptions contained in this presentation, which may prove to be

incorrect, include, but are not limited to, the various assumptions of the company set forth herein. Known and unknownfactors could cause actual results to differ materially from those projected in the forward-looking statements and forward-

looking information. Such factors include, but are not limited to fluctuations in the supply and demand for potash, changes

in competitive pressures, including pricing pressures, timing and amount of capital expenditures, changes in capital markets

and corresponding effects on the companys investments, changes in currency and exchange rates, unexpected geological or

environmental conditions, changes in and the effects of, government legislation, taxation, controls and regulations and

political or economic developments in jurisdictions in which the Company carries on its business or expects to do business,

success in retaining or recruiting officers and directors for the future success of the Companys business, officers and

directors allocating their time to other ventures; success in obtaining any required additional financing to make


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target acquisition or develop an acquired business; employee relations, and risks associated with obtaining any necessary licenses or

permits. Many of these uncertainties and contingencies can affect the companys actual results and could cause actual results to differmaterially from those expressed or implied in any forward-looking statements and forward-looking information made by, or on behalf

of, the Company. There can be no assurance that forward-looking statements and forward-looking information will prove to be

accurate, as actual results and future events could differ materially from those anticipated in such statements. All of the forward-

looking statements and forward-looking information made in this presentation are qualified by these cautionary statements. Although

management of the Company has attempted to identify important factors that could cause actual results to differ materially from those

contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as

anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and

future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance

on forward-looking statements and forward-looking information. The Company does not undertake to update any forward-lookingstatements or forward-looking information that are incorporated by reference herein, except in accordance with applicable securities

laws.

This presentation includes estimates of potash potential in the Holbrook basin of east-central Arizona. These estimates are not mineral

resources or mineral reserves as defined by NI43-101. These estimates were based on a historical survey completed by the Arizona

Geological Survey. The potential quantity and grade or the potash is conceptual in nature, and is based on analysis of drill data and

assays from Arkla and Duval completed in the 1960s and 1970s. There has been insufficient exploration to define a mineral resource

and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

Timelines used in this presentation are for the purpose of aiding management in the planning and implementation of the project, and

are not based on a detailed assessment of project requirements. Consequently the timelines are subject to material revision based on

when technical reports and/or feasibility studies, if any, are completed. Future phases of the project are contingent upon completion

of preceding phases.

Nothing in this presentation should be construed as either an offer to sell or a solicitation of an offer to buy or sell shares in any

jurisdiction.


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Functions of Potash

Potash is often referred to as the quality nutrient because it helps plants develop

strong root systems and retain water, contributing to higher yields and greaterresistance to drought, disease and insects. It also improves the taste and nutritionalvalue of food, and, in animals, helps growth, maintenance and milk production.

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9.5

1.2

United States10.4

1.5

Latin America

Brazil

0.9

18

Canada

6.6 6.6

West Europe0.8

5.4

Middle East

0

0.6

Africa

4.4

18.9

Eastern Europe

11.4

2.1

China

6.5

0

India

Demand

Supply

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*Numbers expressed in Millions of Metric Tons


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Total US production @1 million tons per annumTotal US consumption @ 10 million tons per annum

The Mosaic Company

- Hersey

Intrepid Mining, LLC

-Carlsbad

-Lea County

The Mosaic Company

-Carlsbad

Great Salt Lake Minerals

-Ogden

Intrepid Mining, LLC

-Moab

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INTERNATIONAL SHIPPING

The Port of Long Beach (POLB) isone of the worlds busiest seaportsand is located 550 miles to the westof the project. POLB serves as theleading gateway for trade betweenthe United States and Asia.

POWER

Arizona Public Service(APS) operates the nearby 995MWCholla Power Plant.

ACCESSBNSF railway,Interstate 40 and Highway 180 allintersect the project and provide

immediate east-west access to CAand NM.

DEPTHDeposit is between 800and 1400 ft. deep. Considered veryshallow by industry standards.


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1st Qtr 2011completed50 line mile

seismicsurvey.

1st Qtr 2011$10 million

privateplacement

2nd Qtr2011

Ringboltland

acquisition

3rd Qtr2011

30 holeDrill

program

completed

3rd Qtr2011

completedadditional

50 line mile

seismic

4th Qtr 2011begin

additional11 hole drill

program

Q1 2012

NI 43-101ResourceEstimate

Anticipated

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*The timeline represented here is for the purpose of aiding management in planning and implementation of the Holbrook project , and is not based on a detailed assessment of project

requirements. Consequently this timeline is subject to material revision based on when technical reports and feasibility studies, if any, are completed.

Holbrook

Project

2011 2012 2013 2014 2015

RESOURCE INVESTIGATION

100 Mile Seismic Program

Drilling to Complete 43-101Resource

NI 43-101 Resource Report

Current Drill Program

ENVIRONMENTAL PERMITTING

Permitting and Licensing

ENGINEERING STUDIES

NI 43-101 Final Report

Pre Feasibility

Feasibility

Mine/Plant Construction

Begin Production2016 (estimated)

Q3 2011

Q2 2011

Q1 2012

Q2 2012

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Joshua Bleak, President and CEO/Director - Mr. Bleak is a fourthgeneration miner from an Arizona mining family

that has developed gold, silver, copper and uranium properties throughout the southwestern United States. He was previously

President of American Energy Fields, Inc., a U.S. publiclytraded uranium company. Currently he serves as a director for a

number of Canadian junior mining exploration companies and is President of North American Environmental Corp., a

consulting company specializing in mining project management, permitting, lobbying and land tenure.

John Eckersley, Vice President/Director - Mr. Eckersley has been with Passport Potash for two years. He is anattorney focusing on the areas of corporate and securities law. He served as corporate counsel for HNFC, a boutique

consulting firm specializing in corporate strategies, corporate mergers, acquisitions, capital and credit placementaccommodations, and in various regulatory compliance filings and registrations. He received his Bachelor of Science, cum

laude, and his Juris Doctorate from the University of Utah.

David J. Salisbury, Chairman of the Board of Directors/DirectorMr. Salisbury has had an extensive career inthe mining industry spanning four decades. Seventeen of those years were working for Rio Tinto. While with Rio Tinto, he

served as CEO and President of Resolution Copper Mining as well as President and CEO of Kennecott Minerals Company.Mr. Salisbury was the leader for the Rio Tinto global improvement program, Improving Performance Together.

Prior to joining Rio Tinto, Mr. Salisbury served as the President of Cordero Mining Company / Sun Coal Company and was

responsible for the operation of the Cordero Mine. He also Served as President and COO of the Al Hamilton Operation

Company / Bradford Coal Company.

Laara Shaffer, CFO/SecretaryMs. Shaffer was a director of Passport Potash from 1996 to 2012. She is currently adirector of Nordic Gold Corp. and previously served as CFO and director of Compass Gold Corp. from 2007 to 2009.


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Ali Rahimtula, Director - Mr. Rahimtula is the president and founder of Transnational Enterprises, Ltd., DBA TransfertAmerica. Transnational is a member of the Rahimtula Group, an organization that was a pioneer in the fertilizer business in

India and which has been an Indian domestic industry leader since the 1960s.

Dennis Ickes, DirectorMr. Ickes is an advisor to PPI on Native American issues and was instrumental in helping toobtain an access agreement with the Hopi tribe on is private lands. He served as UnderSecretary of the Interior in two

Presidential cabinets. He also founded the Office of Indian Rights in the United States Department of Justice and served as its

Director.

Steve Butrenchuk, Director/Qualified Person Mr. Butrenchuk is the former CEO of Passport Potash. He has 40years of experience in mining and mineral exploration throughout North America, along with Chile and Peru. He serves as a

director and member of the audit committees for several Canadian junior resource companies. He received his Bachelor of

Science in 1966 and his Master of Science in 1970 from the University of Manitoba.

Matthew Salmon, Director - Mr. Salmon served as an Arizona State Senator from 1991 to 1995. While in the Senate,he served as the Assistant Majority Leader and chaired the Rules Committee. From 1995 to 2001 Mr. Salmon representedArizona in the United States House of Representatives, where he served on the International Relations, Education, Small

Business, and Science Committees. He also served for six years on the Helsinki Commission and the Organization for

Security and Cooperation in Europe (OSCE) organizations. While in Congress, he led several U.S. Congressional delegations

to China to improve trade relations and bilateral relationships. He was the only Member of the U.S. Congress in America's

history who speaks Mandarin Chinese.


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James Hasbrouck, Geophysicist/Advisory Board - Mr. Hasbrouck has over 30 years of experience in all aspects ofexploration geophysics including; field operations; data reduction, processing, display, and interpretation; research and

development. Mr. Hasbrouck also has extensive knowledge and experience in all major surface, airborne, and borehole

geophysical methods including: refraction and reflection seismics; electromagnetics; electrical resistivity and induced

polarization; gravity; magnetics; ground penetrating radar; radiometrics.

ERCOSPLAN - Independent multinational consulting firm. Provides focused advice and services in all areas of industrialpotash and mineral salt. From exploration, feasibility, mine planning, production, to mine closure. more than half a centuryof experience in planning and execution of projects in the potash and mineral salt industry. ERCOSPLAN utilizes125 well educated, highly motivated employees, well versed in their area of expertise. ERCOSPLAN hasreferences in almost any potash or salt producing country worldwide

Jerry Aiken, Depositional Expert- Mr. Aiken has more than 41 years of experience in mineral exploration involvingbase metals, precious metals, and industrial minerals with the most recent emphasis on Borates, Potash and Lithium. He has

been involved in project generation, geologic mapping, geochemical evaluation, drill program supervision, and regional

program management throughout the western United States, Canada, Mexico, South America and parts of Europe. Mr. Aikenworked 29 years for US Borax (Rio Tinto Exploration) in Tucson, Arizona and Valencia, California. Mr. Aikengraduated in 1966 with a Bachelor of Science degree in Geology from Western Michigan University and is aRegistered Professional Geologist in the State of Washington, and is a Qualified Person (QP) pursuant to NationalInstrument 43-101.

Matt Monte, Geologist/Project Supervisor -Mr. Monte is a graduate of Arizona State University and BradleyUniversity with degrees in Geology (B.S.) and Management and Administration(B.S.). He was the 2010 ArizonaHydrological Society Herman Bower Intern Scholarship Recipient and has practical field experience in base

metals and industrials minerals.


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To Asia(China, India, Vietnam)

To South America(Brazil)

Interstate 40(Route 66)

BNSF Rail line


Holbrook

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POTENTIALSRK Consulting has estimated a potashexploration potential on Passports lands,based on current drill hole data, rangingbetween 290 to 315 million metric tonnesK2O (460 to 500 million metric tonnes KCl)using a grade of 2% K2O as a threshold ofmineralization. *

HOLDINGSPassport has significant holdings within theHolbrook Basin, with current holdingstotaling more than 140squaremiles andincluding42squaremiles of private land.

EXPLORATIONSince 200930 new drill holes have beencompleted on Passports holdings. The datafrom this new drilling, together with the 100line miles of 2D seismic survey which havebeen completed, will be included in aNI43-101 Resource Report which will alsoinclude data from over 100 historic holesthat were drilled on Passports holdings bythe Arkla and Duval companies in the1960s and 1970s.

COMPETITIONThe Holbrook Basin represents the onlymajor potash project in the U.S.not indirect competition with the oil and gasindustry.

MININGPassport is evaluating its mining options todetermine whethersolution mining or

underground mining would be the mostviable form of mining. Year-round miningis possible due to the favorable climate.

JURISDICTIONArizona is a mining friendly state and oneof the top mining states in the U.S.


*Disclaimer--The exploration potential is not a resourceestimate. The potential quantity and grade is conceptual in

nature. There has been insufficient exploration to define a

mineral resource and it is uncertain if further exploration

will result in the target being delineated as a mineral

resource.

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Symbols: PPI (TSX.V) PPRTF (OTCQX) Shares Issued: 168.3 M (approx.)

Market Cap: $61 M (approx.)

Average Daily Volume: 804.8 K (3 months)

Cash: $13 M (approx.)


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Potash Juniors Location Depth ofDeposit MarketCap DevelopmentStage PreliminaryEconomic

Passport

PotashUSA 243m-450m $49.8 M Pending 43-101 N/A

Allana

Potash Ethiopia 100m-300m $164 M Pre Feasibility Yes

WesternPotash

Canada 1000m-1500m $180 M Pre Feasibility Yes

Prospect

GlobalUSA 243m-609m $192 M 43-101 Yes

VerdePotash

Brazil 85m $221 M Pre Feasibility Yes

Karnalyte Canada 1000m-1500m $215 M Feasibility Yes


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Shallow

potashdeposit from800 to 1400

Exploration potentialbetween 460 to 500MMT KCL*

BNSF rail linebordersproject

Miningfriendlyjurisdiction

Climate

allows foryear round

mining


*Disclaimer--The exploration potential is

not a resource estimate. The potential

quantity and grade is conceptual in nature.

There has been insufficient exploration to

define a mineral resource and it is

uncertain if further exploration will result

in the target being delineated as a mineral

resource.

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Operations Office

3346 W. Guadalupe Road

Apache Jct., AZ 85120

(480) 288-6530

www.PassportPotash.com

[email protected]

Corporate Office

608,1199 West. Pender St.

Vancouver, B.C. V6E 2R1


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