<h2 class="art-postheader" style="text-decoration: none; font-family: Arial,Helvetica,sans-serif; font-style: normal; font-weight: bold; font-size: 22px; margin: 0.2em 0px; color: #050174; padding: 0px; text-align: left;">PASSPORT POTASH INC. (PPRTF)</h2>
<p><span style="font-size: medium;"><strong>Company Website: <a title="http://www.passportpotash.com/" rel="nofollow" rel="nofollow" href="http://www.passportpotash.com/" target="_blank">http://www.passportpotash.com/</a></strong></span></p>
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<p style="margin-top: 0.5em; margin-right: 0px; margin-bottom: 0.5em; margin-left: 0px; font-family: Calibri, Arial, Helvetica, sans-serif; font-style: normal; font-size: 14px; text-align: justify;"><span style="font-size: 16px;"> Passport Potash Inc. is a TSX-listed resource company engaged in the exploration and development of <span id="itxthook0w0" class="itxtrst itxtrstspan itxthookspan" style="background: none repeat scroll 0% 0% transparent; font-size: inherit; font-weight: inherit; color: #000000;"> advanced </span> potash properties. Ã? It trades on the OTCQX level as PPRTF.<br /> <br /> Passport has acquired a strategic position in Arizona's Holbrook BasinÃ? and is well positioned to take advantage of potash in the basin with land holdings encompassing over 70,000 acres. </span></p>
<p style="margin-top: 0.5em; margin-right: 0px; margin-bottom: 0.5em; margin-left: 0px; font-family: Calibri, Arial, Helvetica, sans-serif; font-style: normal; text-align: justify;"><span> </span> <br /> <span style="font-size: 16px;"> The infrastructure in place is prime, with immediate access to BHSF rail lines,Ã? Interstate 40 and a major power plant within 25 miles of the project. Holbrook Basin potash is considered shallow by industry standards, with deposits ranging at depths of between 800 and 1300 ft.,Ã? which is a major advantage for Passport. Ã? <br /> <br /> Passport Potash's experienced leadership team combined with potash rich resources sets Passport apart from all other U.S. projects. With a combined 200+ years of mining experienceÃ? the Directors of Passport have set the stage for Passport to be the first ever potash producer in Arizona. Passport offers investors the opportunity to benefit not only from its entry into the U.S.Ã? and global markets, but also from the ongoing favorable trends in the potash market. As global demand for food, feed and biofuels increase concurrently with the reduction of arable land,Ã? the future for potash is bright. </span></p>
<p style="margin-top: 0.5em; margin-right: 0px; margin-bottom: 0.5em; margin-left: 0px; font-family: Calibri, Arial, Helvetica, sans-serif; font-style: normal; text-align: justify;"><br /><span style="font-size: 14pt;">Potash production is limited to only 12 countries around the world. The vast majority of global production comes from 3 producingÃ? nations: Canada, Russia and Belarus.<br /> Canada is the world's largest producer with the province of Saskatchewan hosting the country's epicenter of global potashÃ? production. Encompassing three of the world'sÃ? leading producers---Mosaic Co., Potash Corp., and Agrium, Saskatchewan offersÃ? the resources, infrastructure, government policies and labor force needed to flourish in the industry. </span></p>
<p style="margin-top: 0.5em; margin-right: 0px; margin-bottom: 0.5em; margin-left: 0px; font-family: Calibri, Arial, Helvetica, sans-serif; font-style: normal; font-size: 14px; text-align: justify;"><span style="font-size: 14pt;"> Canadian distribution is controlled by Canpotex, an export organization wholly owned by Canada's three major producers. Likewise,Ã? Belarusian and Russian distribution isÃ? controlled by the Belarusian Potash Company (BPC). Collectively, Canpotex and BPC control over 70% of global potash exports. </span></p>
<p style="margin-top: 0.5em; margin-right: 0px; margin-bottom: 0.5em; margin-left: 0px; font-family: Calibri, Arial, Helvetica, sans-serif; font-style: normal; font-size: 14px; text-align: justify;"><span style="font-size: 14pt;"> Production costs typically depend on the grade of the deposit, ore depth, consistency, thickness, continuity and the amount of insolubleÃ? material contained in the ore body.<br /> Mining costs increase as the potash beds become twisted or folded. </span></p>
<p style="margin-top: 0.5em; margin-right: 0px; margin-bottom: 0.5em; margin-left: 0px; font-family: Calibri, Arial, Helvetica, sans-serif; font-style: normal; font-size: 14px; text-align: justify;"><span style="font-size: 14pt;"> Potash is used as a major agricultural component in 150 countries. The largest importers of potash are the heavilyÃ? <img style="float: left; margin: 10px; border: 0px solid #000000;" src="http://www.passportpotash.com/images/stories/chart02.jpg" alt="chart02" width="437" height="218" /> populated countries of China, India and Brazil. AsianÃ? nations produce only 3.1 million tons while consuming 23.1 million tons. The state of potash<br /> producing infrastructure is in decline as about 85% of the world's facilities are more than 25 years old. </span></p>
<p style="margin-top: 0.5em; margin-right: 0px; margin-bottom: 0.5em; margin-left: 0px; font-family: Calibri, Arial, Helvetica, sans-serif; font-style: normal; font-size: 14px; text-align: justify;"><span style="font-size: 14pt;"> The current potash market is estimated at 50 million tons annually and is projected to grow at aÃ? rate of 3-4%. The United States remains one of the largest net consumers producing only<br /> 1,200,000 tons/year while consuming 5,200,000 tons/year. </span></p>
<p style="margin-top: 0.5em; margin-right: 0px; margin-bottom: 0.5em; margin-left: 0px; font-family: Calibri, Arial, Helvetica, sans-serif; font-style: normal; font-size: 14px; text-align: justify;"><span style="font-size: 14pt;"> The <span id="itxthook1w0" class="itxtrst itxtrstspan itxthookspan" style="background: none repeat scroll 0% 0% transparent; font-size: inherit; font-weight: inherit; color: #000000;"> CEO </span> of the world's largest producer (Potash Corp.) claims potash prices are fairly insignificantÃ? when compared to potential returns for farmers. A potash price increase of $100-per-ton wouldÃ? only add $.03 to the cost of producing a bushel of corn. Furthermore, $1 spent on fertilizer canÃ? return $3 in crop returns from increased yields. </span></p>
<p style="margin-top: 0.5em; margin-right: 0px; margin-bottom: 0.5em; margin-left: 0px; font-family: Calibri, Arial, Helvetica, sans-serif; font-style: normal; font-size: 14px; text-align: justify;"><span style="font-size: 14pt;"> <span style="font-size: 14pt;"> Industry Variables </span> </span></p>
<p style="margin-top: 0.5em; margin-right: 0px; margin-bottom: 0.5em; margin-left: 0px; font-family: Calibri, Arial, Helvetica, sans-serif; font-style: normal; font-size: 14px; text-align: justify;"><span style="font-size: 14pt;"> The potash market has experienced rapid growth in the last decade primarily due to an increasedÃ? demand for food, fiber and feed.<br /> This trend directly correlates to its basic fundamentals: increasing global population, increasing incomes in emerging markets,<br /> improving diets, and decreasing arable land. </span></p>
<p style="margin-top: 0.5em; margin-right: 0px; margin-bottom: 0.5em; margin-left: 0px; font-family: Calibri, Arial, Helvetica, sans-serif; font-style: normal; font-size: 14px; text-align: justify;"><span style="font-size: 14pt;"> The world economy has been expanding at an average of 5% per year. However, the economies of the developing nations, especiallyÃ? of large countries such as India and China, have been growing at a rate of 9% - 10% annually. An expanding economy meansÃ? rising wealth levels in these countries. </span></p>
<p style="margin-top: 0.5em; margin-right: 0px; margin-bottom: 0.5em; margin-left: 0px; font-family: Calibri, Arial, Helvetica, sans-serif; font-style: normal; font-size: 14px; text-align: justify;"><span style="font-size: 14pt;"> With increased income, people demand more protein-rich diets, significantly influencing meat consumption. Meat consumption in China, for example, tripled in theÃ? last 20 years as per capita income grew, and is expectedÃ? to continue further. </span></p>
<p style="margin-top: 0.5em; margin-right: 0px; margin-bottom: 0.5em; margin-left: 0px; font-family: Calibri, Arial, Helvetica, sans-serif; font-style: normal; font-size: 14px; text-align: justify;"><span style="font-size: 14pt;"> The feed for animals becomes an important factor in replenishing meat supply. Maximizing yield crops serves as a key ingredient in improving the quantity and qualityÃ? of feed for livestock. </span></p>
<p style="margin-top: 0.5em; margin-right: 0px; margin-bottom: 0.5em; margin-left: 0px; font-family: Calibri, Arial, Helvetica, sans-serif; font-style: normal; font-size: 14px; text-align: justify;"><span style="font-size: 14pt;"> <span style="font-size: 14pt;"> Higher Oil Prices, Environmental Concerns and Drive for Alternative Fuels - New Demand for Potash </span> </span></p>
<p style="margin-top: 0.5em; margin-right: 0px; margin-bottom: 0.5em; margin-left: 0px; font-family: Calibri, Arial, Helvetica, sans-serif; font-style: normal; font-size: 14px; text-align: center;"><span style="font-size: 14pt;"> <span style="font-size: 14pt;"> <img src="http://cronkitenews.asu.edu/assets/images/11/10/5-potash-potash-full.jpg" alt="Andrew Bond, who works as part of corporate development for mining company Passport Potash, holds a core mineral sample from test drilling in the Holbrook basin." width="487" height="651" /> </span> </span></p>
<div style="text-align: center;"><span style="font-size: 14px;"> Andrew Bond, who works as part of corporate development for mining company Passport Potash, holds a core<br /> mineral sample from test drilling in the Holbrook basin.Ã? Potash is a salt, pink in color, that contains potassium carbonate.Ã? <br /> The world's largest potash consumers are China, the United States, Brazil and India. </span></div>
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<p><span style="font-size: 14pt;"> MANAGEMENT TEAM </span></p>
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<h3 style="text-decoration: none; font-family: Arial, Helvetica, sans-serif; font-style: normal; font-weight: bold; font-size: 18px; text-align: left; margin-top: 1em; margin-right: 0px; margin-bottom: 1em; margin-left: 0px; color: #000000;"><span style="font-size: 14pt;"> Joshua Bleak </span> President & CEO, Director</h3>
<p style="margin-top: 0.5em; margin-right: 0px; margin-bottom: 0.5em; margin-left: 0px; font-family: Calibri, Arial, Helvetica, sans-serif; font-style: normal; font-size: 14px; text-align: justify;"><span style="font-size: 14pt;"> Fourth generation in a prominent mining family with a rich history in the southwestern United States.Ã? CEO of American Energy Fields (AEFI.OB), a U.S. uranium companyÃ? focused on production.<br /> Founder of North American Environmental Corp, a consulting company specializing in project management, permitting, lobbying and land tenure. </span></p>
<h3 style="text-decoration: none; font-family: Arial, Helvetica, sans-serif; font-style: normal; font-weight: bold; font-size: 18px; text-align: left; margin-top: 1em; margin-right: 0px; margin-bottom: 1em; margin-left: 0px; color: #000000;"><span style="font-size: 14pt;"> James Davidson </span> Chairman</h3>
<p style="margin-top: 0.5em; margin-right: 0px; margin-bottom: 0.5em; margin-left: 0px; font-family: Calibri, Arial, Helvetica, sans-serif; font-style: normal; font-size: 14px; text-align: justify;"><span style="font-size: 14pt;"> A founding director of Anatolia Minerals Development. Helped steward Anatolia's growth from a penny stock to its recent transformation into Alacer Gold Corporation, (ASR - Toronto) with a marketÃ? cap of C$2.5 billion. Author of five books, is a graduate of the University of Maryland, and Oxford University. </span></p>
<h3 style="text-decoration: none; font-family: Arial, Helvetica, sans-serif; font-style: normal; font-weight: bold; font-size: 18px; text-align: left; margin-top: 1em; margin-right: 0px; margin-bottom: 1em; margin-left: 0px; color: #000000;"><span style="font-size: 14pt;"> Gary Zak </span> Director</h3>
<p style="margin-top: 0.5em; margin-right: 0px; margin-bottom: 0.5em; margin-left: 0px; font-family: Calibri, Arial, Helvetica, sans-serif; font-style: normal; font-size: 14px; text-align: justify;"><span style="font-size: 14pt;"> President and CEO of Bold Ventures Inc. (BOL.V). The founder of Forum Uranium Corp. Previously a Director of Beaufield Resources Inc. </span></p>
<h3 style="text-decoration: none; font-family: Arial, Helvetica, sans-serif; font-style: normal; font-weight: bold; font-size: 18px; text-align: left; margin-top: 1em; margin-right: 0px; margin-bottom: 1em; margin-left: 0px; color: #000000;"><span style="font-size: 14pt;"> Steve Butrenchuk </span> Director</h3>
<p style="margin-top: 0.5em; margin-right: 0px; margin-bottom: 0.5em; margin-left: 0px; font-family: Calibri, Arial, Helvetica, sans-serif; font-style: normal; font-size: 14px; text-align: justify;"><span style="font-size: 14pt;"> 40 Years experience in Mining and mineral exploration throughout Canada, United States, Chile, and Peru. </span></p>
<h3 style="text-decoration: none; font-family: Arial, Helvetica, sans-serif; font-style: normal; font-weight: bold; font-size: 18px; text-align: left; margin-top: 1em; margin-right: 0px; margin-bottom: 1em; margin-left: 0px; color: #000000;"><span style="font-size: 14pt;"> Laara Shaffer </span> Director</h3>
<p style="margin-top: 0.5em; margin-right: 0px; margin-bottom: 0.5em; margin-left: 0px; font-family: Calibri, Arial, Helvetica, sans-serif; font-style: normal; font-size: 14px; text-align: justify;"><span style="font-size: 14pt;"> President and Director of Glen Hawk Minerals Ltd., a Director of Nordic Gold Corporation (CFO). </span></p>
<h3 style="text-decoration: none; font-family: Arial, Helvetica, sans-serif; font-style: normal; font-weight: bold; font-size: 18px; text-align: left; margin-top: 1em; margin-right: 0px; margin-bottom: 1em; margin-left: 0px; color: #000000;"><span style="font-size: 14pt;"> John Eckersley </span> Vice President Legal and Corporate Affairs</h3>
<p style="margin-top: 0.5em; margin-right: 0px; margin-bottom: 0.5em; margin-left: 0px; font-family: Calibri, Arial, Helvetica, sans-serif; font-style: normal; font-size: 14px; text-align: justify;"><span style="font-size: 14pt;"> Served as corporate counsel focusing on the preparation of SEC <span id="itxthook2w0" class="itxtrst itxtrstspan itxthookspan" style="background: none repeat scroll 0% 0% transparent; font-size: inherit; font-weight: inherit; color: #000000;"> registration </span> statements, limited offering exemption documents, merger, and reverse merger documents. Received hisÃ? Juris DoctorateÃ? from University of Utah. </span></p>
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<h2 class="art-postheader" style="text-decoration: none; font-family: Arial, Helvetica, sans-serif; font-style: normal; font-weight: bold; font-size: 22px; text-align: left; margin-top: 0.2em; margin-right: 0px; margin-bottom: 0.2em; margin-left: 0px; color: #050174; padding: 0px;"><span style="font-size: 14pt;"> TECHNICAL TEAM </span></h2>
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<h3 style="text-decoration: none; font-family: Arial, Helvetica, sans-serif; font-style: normal; font-weight: bold; font-size: 18px; text-align: left; margin-top: 1em; margin-right: 0px; margin-bottom: 1em; margin-left: 0px; color: #000000;"><span style="font-size: 14pt;"> Allen Wells </span> Advisory Board, Mining Engineer</h3>
<p style="margin-top: 0.5em; margin-right: 0px; margin-bottom: 0.5em; margin-left: 0px; font-family: Calibri, Arial, Helvetica, sans-serif; font-style: normal; font-size: 14px; text-align: justify;"><span style="font-size: 14pt;"> Allen has over 18 years as a mining engineer, project manager, and construction consultant.Ã? Allen holds a Masters of Engineering in Mining from the University of Arizona, a <span style="color: #000000;"> <span id="itxthook3w0" class="itxtrst itxtrstspan itxthookspan" style="background: none repeat scroll 0% 0% transparent; font-size: inherit; font-weight: inherit;"> Masters </span> <span id="itxthook3w1" class="itxtrst itxtrstspan itxthookspan" style="background: none repeat scroll 0% 0% transparent; font-size: inherit; font-weight: inherit;"> </span> <span id="itxthook3w2" class="itxtrst itxtrstspan itxthookspan" style="background: none repeat scroll 0% 0% transparent; font-size: inherit; font-weight: inherit;"> of </span> <span id="itxthook3w3" class="itxtrst itxtrstspan itxthookspan" style="background: none repeat scroll 0% 0% transparent; font-size: inherit; font-weight: inherit;"> </span> <span id="itxthook3w4" class="itxtrst itxtrstspan itxthookspan" style="background: none repeat scroll 0% 0% transparent; font-size: inherit; font-weight: inherit;"> Business </span> <span id="itxthook3w5" class="itxtrst itxtrstspan itxthookspan" style="background: none repeat scroll 0% 0% transparent; font-size: inherit; font-weight: inherit;"> </span> <span id="itxthook3w6" class="itxtrst itxtrstspan itxthookspan" style="background: none repeat scroll 0% 0% transparent; font-size: inherit; font-weight: inherit;"> Administration </span> </span> from the University of Phoenix, and a Bachelor of Science in Civil Engineering from the University of Arizona. Allen was formerly a Senior mine engineer with Phelps Dodge Mining Company 2003-2005, a mine operations manager for Nord Resources Corp 2007-2009 and has worked on various projects with the Army Corp of Engineers. </span></p>
<h3 style="text-decoration: none; font-family: Arial, Helvetica, sans-serif; font-style: normal; font-weight: bold; font-size: 18px; text-align: left; margin-top: 1em; margin-right: 0px; margin-bottom: 1em; margin-left: 0px; color: #000000;"><span style="font-size: 14pt;"> Timothy Henneberry </span> Advisory Board, Professional Geologist</h3>
<p style="margin-top: 0.5em; margin-right: 0px; margin-bottom: 0.5em; margin-left: 0px; font-family: Calibri, Arial, Helvetica, sans-serif; font-style: normal; font-size: 14px; text-align: justify;"><span style="font-size: 14pt;"> Timothy is a professional geoscientist with more than 28 years of experience in both exploration and production. He has been a consultant since 1985, founding his own consulting firm in 1991. Ã? Timothy has served both as a Director and as a Senior Manager and President for junior mining companies. He is currently President and CEO of Appleton Exploration Inc. </span></p>
<h3 style="text-decoration: none; font-family: Arial, Helvetica, sans-serif; font-style: normal; font-weight: bold; font-size: 18px; text-align: left; margin-top: 1em; margin-right: 0px; margin-bottom: 1em; margin-left: 0px; color: #000000;"><span style="font-size: 14pt;"> James Hasbrouck </span> Advisory Board, Geophysicist</h3>
<p style="margin-top: 0.5em; margin-right: 0px; margin-bottom: 0.5em; margin-left: 0px; font-family: Calibri, Arial, Helvetica, sans-serif; font-style: normal; font-size: 14px; text-align: justify;"><span style="font-size: 14pt;"> James has over 30 years of experience in all major surface, airborne, and borehole geophysical methods plus a strong geological background. </span></p>
<h3 style="text-decoration: none; font-family: Arial, Helvetica, sans-serif; font-style: normal; font-weight: bold; font-size: 18px; text-align: left; margin-top: 1em; margin-right: 0px; margin-bottom: 1em; margin-left: 0px; color: #000000;"><span style="font-size: 14pt;"> Dennis Ickes </span> Advisory Board</h3>
<p style="margin-top: 0.5em; margin-right: 0px; margin-bottom: 0.5em; margin-left: 0px; font-family: Calibri, Arial, Helvetica, sans-serif; font-style: normal; font-size: 14px; text-align: justify;"><span style="font-size: 14pt;"> Served as Deputy Under-Secretary of the Interior in two Cabinets, founded the Office of Indian Rights in the United States Department of Justice, served as its Director. </span></p>
<h3 style="text-decoration: none; font-family: Arial, Helvetica, sans-serif; font-style: normal; font-weight: bold; font-size: 18px; text-align: left; margin-top: 1em; margin-right: 0px; margin-bottom: 1em; margin-left: 0px; color: #000000;"><span style="font-size: 14pt;"> SRK Consulting </span></h3>
<p style="margin-top: 0.5em; margin-right: 0px; margin-bottom: 0.5em; margin-left: 0px; font-family: Calibri, Arial, Helvetica, sans-serif; font-style: normal; font-size: 14px; text-align: justify;"><span style="font-size: 14pt;"> SRK is an independent multinational consulting firm which has, among its clients, most of the world's major and medium-sized exploration and mining companies. SRK employs over 1,000 professionals onÃ? six continents and specializes in all stages of mineral exploration and development. SRK provides focused advice and solutions to clients offering services from exploration through feasibility,Ã? mine planning and production to mine closure. </span></p>
<h3 style="text-decoration: none; font-family: Arial, Helvetica, sans-serif; font-style: normal; font-weight: bold; font-size: 18px; text-align: left; margin-top: 1em; margin-right: 0px; margin-bottom: 1em; margin-left: 0px; color: #000000;"><span style="font-size: 14pt;"> Zonge International </span></h3>
<p style="margin-top: 0.5em; margin-right: 0px; margin-bottom: 0.5em; margin-left: 0px; font-family: Calibri, Arial, Helvetica, sans-serif; font-style: normal; font-size: 14px; text-align: justify;"><span style="font-size: 14pt;"> Zonge specializes in providing field services for geophysical investigations both nationally and worldwide. </span></p>
<h3 style="text-decoration: none; font-family: Arial, Helvetica, sans-serif; font-style: normal; font-weight: bold; font-size: 18px; text-align: left; margin-top: 1em; margin-right: 0px; margin-bottom: 1em; margin-left: 0px; color: #000000;"><span style="font-size: 14pt;"> Southwest Exp. LLC </span></h3>
<p style="margin-top: 0.5em; margin-right: 0px; margin-bottom: 0.5em; margin-left: 0px; font-family: Calibri, Arial, Helvetica, sans-serif; font-style: normal; font-size: 14px; text-align: justify;"><span style="font-size: 14pt;"> Southwest Exp. has over 20+ years in borehole geophysics and video services. Southwest utilizes the latest in Acoustic Sonic tools (3 and 4 Receiver units) and new Gyro technology. </span></p>
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<p><br /><span><br /> <br /> <strong><span style="font-size: medium;">NI 43-101 TECHNICAL REPORT Ã? HOLBROOK BASIN POTASH PROJECT</span></strong></span></p>
<p><span><strong><span style="font-size: medium;"> <a rel="nofollow" rel="nofollow" href="http://www.passportpotash.com/upload/Holbrook%2043-101%2027-Jan-2009.pdf" target="_blank"> </a><a title="http://www.passportpotash.com/upload/Holbrook%2043-101%2027-Jan-2009.pdf" rel="nofollow" rel="nofollow" href="http://www.passportpotash.com/upload/Holbrook%2043-101%2027-Jan-2009.pdf" target="_blank">http://www.passportpotash.com/upload/Holbrook...n-2009.pdf</a> </span></strong></span></p>
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