2. FORWARD LOOKING STATEMENTS
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 final prospectus of the Corporation dated November 27, 2012, 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.
2
3. A potash company focused on its
Blawn Mountain property in Utah
SOP: 680,000 tonnes per annum
Bauxite: 3.3 million tonnes per annum
3
4. EXPERIENCED AND PROVEN MANAGEMENT
Guy Bentinck President & CEO
Chartered Accountant;
20 years mining/resource experience
Sherritt: CFO and SVP Capital Projects
Jeff Hillis CFO Ross Phillips COO
Chartered Accountant; 10 years experience in large resource
10 years mining sector finance, including CFO and energy sector projects
of several public mining companies
Sherritt, Capital Power
Iberian Minerals, Excellon, Falconbridge
Laura Nelson VP, Government and Paul Hampton VP, Project
Regulatory Affairs Management
Extensive experience in government relations, Geologist and Metallurgical Engineer;
permitting and power planning, including the ~30 years experience in design, construction,
successful permitting of the Red Leaf oil shale start-up and management of mineral processing
project facilities
Red Leaf Resources, Utah Government
SNC, Washington Group, Outotec
OVER 80 YEARS COMBINED EXPERIENCE
4
5. COMPETITIVE ADVANTAGES
Large mineral deposit containing premium-quality potash
Strategically located in a mining friendly jurisdiction with established infrastructure nearby
State-owned land allows for an efficient permitting process
Historical work expedites project development
Lower risk surface mining deposit; expected lowest cost producer
30 year mine life, with upside potential
PEA completed: $1.3 billion NPV at 10%; 21.3% after tax IRR
5
6. POTASH:
ESSENTIAL TO THE WORLD’S FOOD SUPPLY
No known substitute
Increasing world population
Growing per capita income
Decreasing arable land
Increasing use of biofuels
~5% EXPECTED ANNUAL GROWTH IN DEMAND TO 2016
6
7. SULPHATE OF POTASH (SOP) IS A PREMIUM PRODUCT
Sulphate of Potash (SOP) Muriate of Potash (MOP)
Potassium Sulphate (K2SO4) Potassium Chloride (KCl)
6 million tonnes sold in 20111 55.8 million tonnes sold in 20112
Potassium and sulphur are essential nutrients2 Crop quality/yield diminish as chloride builds up2
Improves yield, quality, taste and enhances shelf life2
AVERAGE 47% PRICE PREMIUM OVER MOP3
7 1Source: Fertecon 2Source: CRU 3Based on historical data
9. SOP PREMIUM PRICE TRENDS
U.S. $/tonne
900
800
700
600
500
400
300
200
SOP1 MOP2
100
0
2006
2007
2008
2009
2010
2011
2012
HISTORICAL PRICE PREMIUM FOR SOP HAS RANGED
BETWEEN 30% AND 61%
9 1SOP, standard grade cif NW Europe (Source: Fertilizer Week)
2MOP, all grades, fob Vancouver/Portland (Source: CRU)
10. SOP MARKET CHARACTERISTICS
Global SOP Consumption and Commodity Price1
12,000 $1,000
$900
10,000
Rest of $800
Africa the World
Europe $700
4.6% 14.9% 8,000
23.3% $600
(US$/tonne)
Tonnes (000s)
6,000 $500
N. America
8.6% $400
China
4,000
44.3% $300
$200
2,000
$100
Central and
0 $0
South America
2000 2004 2008 2012 2016 2020
4.3%
Global SOP Consumption
Historical Standard FOB NW Europe (US$/tonne SOP)
Estimated Standard FOB NW Europe (US$/tonne SOP)
10 1Source: Fertecon, CRU
11. SOP MARKET DYNAMICS
SOP share of potash market:
Limited production and premium Current: ~10%
price has restricted demand Potential: >28%1
Trend toward high Potential to use SOP in typical cereal crop fertilizer blends
nutrient fertilizers instead of ammonium sulphate
SOP consumption:
China (pop. 1.3 billion): 1.9 million tpy
India India: (pop. 1.2 billion) 50,000 tpy (<1% of country’s potash
consumption)
SOP consumption = 32,000 tpy (0.4% of total potash
Brazil consumption)
Premium crops grown on 20% of planted land
SIGNIFICANT GROWTH POTENTIAL
1Based on crops that are best suited for SOP
11
13. PROJECT OVERVIEW
Large alunite deposit, which is expected to be
processed into SOP, by-product sulphuric acid and
bauxite
Target 680,000 tonnes per year of SOP by mid-2016
Historical work expedites project development
Mineral deposit to be surface mined
Proven process
ANTICIPATED PRODUCTION BY 2016
13
14. SOP HOSTED IN ALUNITE
Volcanic rock mined for over 500 years
Contains alumina (Al2O3), potassium (K2O), and
sulphur (SO3)
Historic source of SOP in U.S. and Australia
Long-term SOP and alumina production in Azerbaijan
14
15. EXTENSIVE DEVELOPMENT COMPLETED IN
1970’s
Drilling
Resource estimate Approx. $25 million spent
Feasibility study (~ $100 million in today’s
dollars)
Mine plan
Engineering
All data owned by Potash Ridge
Permitting
Pilot plant: 3-year operation
processing 11 tonnes/day
PREVIOUS WORK ACCELERATES PROJECT DEVELOPMENT
15
16. SIMPLE PROVEN FLOWSHEET
Alunite
Beneficiation
Calcination SO2 Acid Plant Sulphuric Acid Flowsheet mirrors
historical production
Water Leach
Potash Sulphate
Solution
Crystalizer
Compaction Drying Potash Sulphate processes
51% alumina Potash Ridge expects the processing plant to produce:
content bauxite
• 680,000 tonnes of SOP per annum
• 3.3 million tonnes per annum of 51% alumina content bauxite
• 1.6 million tonnes of concentrated sulphuric acid per annum
RECENT TEST WORK CONFIRMS FLOWSHEET
16
17. HIGH
GRADE
BAUXITE
BY-‐PRODUCT
Bauxite
suitable
for
a
Bayer
Process
• Non-‐tradi@onal
high-‐grade
alumina
(51%)
resource
• Low
iron
/
@tanium
concentra@ons
compared
to
a
tradi@onal
bauxite
• Avoids
the
produc@on
of
bauxite
residue
“red
mud”
waste
• No
iden@fied
heavy
metals
• Favorable
access
to
markets
via
exis@ng
rail
and
port
infrastructure
Typical
bauxite:
Potash
Ridge
bauxite:
• THA
=
41.66
%
(Tri
-‐hydrate
Alumina)
• THA
=
50.9
%
(Tri
-‐hydrate
Alumina)
• Total
SiO2
=
7.32%
(Total
Silica)
• Quartz
=
20.6
%
(Form
of
Silica)
• Quartz
=
1.86
%
(Form
of
Silica)
• Fe2O3
=
2.58
%
(Ferrous
Oxide
<Iron>)
• Fe2O3
=
5.98
%
(Ferrous
Oxide
<Iron>)
• TiO2
=
1.42
%
(Titanium
Oxide)
• TiO2
=
2.43
%
(Titanium
Oxide)
• P2O5
=
0.59
%
(Phosphorous
Pent-‐oxide)
• P2O5
=
0.06
%
(Phosphorous
Pent-‐oxide)
• TOC
=
0.19%
(Total
Organic
Carbon)
17
18. UTAH: AN ATTRACTIVE
MINING JURISDICTION
Major resource producer
Existing potash production
Best state for business1
Top quartile mining jurisdiction2
ALMOST 100 YEARS OF POTASH PRODUCTION
18 1Forbes Magazine, November, 2011 2Fraser Institute, February, 2012
19. OUR LAND ADVANTAGE
State-owned land
Simpler permitting process
Leasehold and royalty agreements negotiated
No known adverse environmental, social
or aboriginal issues
Sufficient water nearby – rights application made
MUNICIPAL AND STATE SUPPORT OF PROJECT
19
20. ESTABLISHED INFRASTRUCTURE NEARBY
Roads, rail and natural
gas
Construction materials
and equipment suppliers
nearby
Skilled labour force
Access to ports of Los
Angeles and Houston
20
22. NI 43-101 CONFIRMATION DRILLING
Phase 1
Area 1 – 34 holes (19 core; 15 RC)
Phase 2
Area 1 – 38 holes (12 core; 26 RC)
Area 2 – 50 holes (6 core; 44 RC)
Phase 3
Area 1 – 2 RC holes
Area 2 – 16 RC holes
140 holes following completion of current drilling program
22
23. SIGNIFICANT RESOURCE IDENTIFIED
Measured + Indicated Inferred
Area SOP SOP
Resource SOP tons Resource SOP tons
Alunite grade Alunite grade
tons (000's) (000's) tons (000's) (000's)
grade1 grade1
NI-43-101 Compliant 2
1 156,285 37.6% 9,315 15.8% 392 46.5% 24 13.1%
2 4 464,442 35.6% 26,395 15.9% 250,769 34.7% 13,476 15.5%
Total:
620,726 35.8% 35,710 15.9% 251,160 34.7% 13,500 15.5%
Areas 1 & 2
Historic Resources 3
3 11,600 44.0% 987 19.3% 281,400 44.0% 19.3%
23,950
4 51,700 36.5% 3,667 19.4% 49,200 38.0% 19.5%
3,645
Total:
63,300 37.9% 4,654 19.4% 330,600 43.1% 27,595 19.3%
Areas 3 & 4
Initial Mine Plan for 30 Years using NI 43-101 Compliant M&I
Resources
1 Contained within alunite
2 Using 1.00% cut-off grade
3 The historic resources are not NI 43-101 compliant although reasonable methodologies were applied at the time. A qualified person has not
done sufficient work to classify, and the Corporation is not treating the estimates as current mineral resources or mineral reserves.
23
24. EXPECTED TO BE LOWEST COST SOP
PRODUCER
Cash Cost by Production Method $550 Process Method and Cost Comparisons
Avg Cost/Tonne
Avg
Process World Cost /
Method Capacity Process Inputs Products Tonne
$386
Mannheim 60% ! MOP ! SOP $550
! Sulfuric Acid ! HCI
$300 ! Energy
MOP and 25% ! MOP ! SOP $386
Kieserite ! Kieserite ! Magnesium
! Energy Chloride
Salt Lakes 15% ! Lake Brines ! SOP $300
$162 ! Energy ! Magnesium
Chloride
! NaCI
$1011 Polyhalite – ! Polyhalite ! SOP $162
Leach ! Water ! Kieserite
! Energy
Alunite – ! Alunite ! SOP $101
Leach ! Energy ! H2SO4
Alunite Polyhalite Salt Lakes MOP/ Mannheim ! Bauxite substitute
Leach Leach Sulphate Process
Salts
POTASH
RIDGE
Includes expected
Expected In Production
and in-production data
24 1 The cost is converted from $92 per short ton. Excludes bauxite credits
25. PRELIMINARY ECONOMIC ANALYSIS
RESULTS
PROJECT HIGHLIGHTS
Annual Production Rates:
SOP 680,000 tonnes
Sulphuric Acid 1.6 million tonnes
Initial Mine Plan1 30 years
Capital Cost2 $1.075 billion
FINANCIAL HIGHLIGHTS
NPV @ 10% (after tax)4 $1,331 million
Unlevered IRR (after tax)4 21.3%
1 Future planned work may expand resource base and extend life of project beyond 30 years
2 Excludes third party costs: power generation ($160 million), sulphuric acid plant ($180 million) and water treatment plant ($40 million)
3 The cost is converted from $92 per short ton
4 Excludes potential credits related to sale of 3.3 million tonnes per annum of bauxite
25
26. SOP CAPITAL COST BREAKDOWN 1
24%
SOP
Leaching,
Crystalliza@on
and
Drying
41%
Con@ngency
and
Indirects
CAPITAL
COST:
$1.075
billion
18%
Calcina@on
17%
Beneficia@on
1 Excludes third party costs: power generation ($160 million), sulphuric acid plant ($180 million) and water treatment plant ($40 million)
26
27. OPERATING COSTS: $101/TONNE 1
7%
7%
Cost
Breakdown
Millions
Other
($14M)
14%
Direct
Plant
and
Mine
Costs
$188
Royal@es
($33M)
Royal@es
$33
Other
$14
TOTAL:
$235
Divided
by
2.55
tons2
79%
Direct
Plant
and
Mine
Per
ton
cost
$92
Produc@on
Costs
($188M)
Per
tonne
cost
$101
1
Excludes
bauxite
credits
2
750,000
tons
(SOP)
+
1.8M
tons
(sulphuric
acid)
=
2.55
million
tons
or
2.3
million
tonnes
27
28. CAPITAL STRUCTURE
Millions ($)
Common Shares 81.3
Non-voting Common Shares 5.0
Total Shares Outstanding 86.3
Warrants – $ 0.50 10.7
Warrants – $1.00 5.0
Broker options/warrants 3.4
Stock options 6.8
Total Fully Diluted Shares 112.3
28
29. PROJECT TIMELINE
Stage Activity 2013 2014 2015 2016
Confirmation
Areas 1 & 2
Drilling
Metallurgical Testing and
Process
Pilot Plant (process
Development
optimization)
Permitting Project Permitting
Prefeasibility
Engineering
Studies
Feasibility/Mine Design
Civil Works, etc.
Construction Processing Plant
Mine
Production Commissioning
29
30. STRONG BOARD WITH DIVERSE SKILLS
AND LOCAL EXPERIENCE
Rahoul Sharan, Chairman Stephen Harapiak
Chartered Accountant with over 30 years President and COO Victory Nickel Inc.
diversified mining experience
Former CEO, Potash Corp.
Former Chairman and
CEO of Uranium Power Corporation Rocco Rossi
Navin Dave Experienced business strategist and
public company director
Chairman and CEO of Stat-Ops
International Former President and COO of MGI Software Corp.
Former Managing Partner, KPMG LLP Phil Williams
Robert C. Gross Director, Investment Banking of Dundee Capital
Markets Inc.
Former Chief of Staff to Utah Governor
Former VP, Business Development Pinetree
Former Senior Advisor, Coalition Authority of Iraq Capital and Mega Uranium Ltd.
Former Chairman and President of First Interstate
Bank Guy Bentinck
Former President and CEO of Blue Healthcare President & CEO
Bank
MANAGEMENT AND BOARD CURRENTLY OWN 4%
30
31. SKILLED SERVICE PROVIDERS
• Pilot plant
Hazen Research:
• Metallurgical testing
• Resource estimates
• Permitting
Norwest: • Prefeasibility study
• Feasibility study
• Water rights
• Permitting
Stoel Rives:
• Water rights
ICPE • Engineering
31
32. COMPETITIVE ADVANTAGES
Large mineral deposit containing premium-quality potash
Strategically located in a mining friendly jurisdiction with established infrastructure nearby
State-owned land allows for an efficient permitting process
Historical work expedites project development
Lower risk surface mining deposit; expected lowest cost producer
30 year mine life, with upside potential
PEA completed: $1.3 billion NPV at 10%; 21.3% after tax IRR
32
