April2016

InvestorPresenta4on

FORWARD LOOKING STATEMENTS

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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.

Potash Ridge is a near term producer

of premium fertilizer with world class

development assets in Utah and

Quebec.

The Company is uniquely positioned to

take advantage of strong markets for

Sulphate of Potash

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HIGHLIGHTS

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SulphateofPotash(“SOP”)isapremium

potashwithasignificantsupplydeficit

§  Domes&csellingprice3xversusregularpotash(“MOP”)§  Globalconsump&onis~5milliontonnesperyear(“tpy”)§  Demandpoten&alis10milliontpy§  Exis&ngproducersunabletoexpandtomeetsupplydeficit

Strategy§  BecomethefirstSOPproducerusingMannheimprocessin

NorthAmericaand,longerterm,thelargestNorthAmericanSOPproducer

Valleyfield(Quebec)

§  40,000tpyofSOP;CDN$48.8millioncapex§  32.5%aUertaxIRR§  ProvenprocessusedthroughoutEuropeandAsia§  Produc&onscheduledtocommenceinQ42017§  Strategicloca&onnearby-producthydrochloricaciddemand§  Expansionpoten&alatsite§  Poten&alforover$13minaverageannualcashflows(Y1-Y5)

BlawnMountain(Utah)

§  Upto585,000tpyofSOP;poten&altophase-inproduc&ontoreducefrontendcapex

§  Prefeasibilitycomplete:20.5%aUertaxIRR§  Largesurfacemineraldeposit;over40-yearreservelife§  Majorpermitsandwaterrightssecured;infrastructurenearby§  Poten&alupsidefromaluminaresidueintailings§  Poten&alforoverUS$250Minaverageannualcashflow

SOP:SUPERIORPRODUCTWITHATTRACTIVEMARKET

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SOP(K2SO4) MOP(KCI)

US$887/tonneinNorthAmerica US$238/tonneinNorthAmerica

Globalmarket5milliontpy,withpoten&almarketdemandof10milliontonnes(1)

Globalmarket55milliontpy

Fundamentalsupplydeficit–limitedabilitytosignificantlygrowproduc&onusingexis&ngproduc&onprocesses

Marketisinoversupply,withidlecapacityandmul&pleprojectsinpipeline

Lowchloride,highsulphur–providingbenefitstocropsnotavailablewithMOP

Containschloride–nonutrientvalue;inmanyinstancesdetrimentaltoplants

Improvesyield,taste,appearanceandshelflife;idealforsaltyorsandysoilsoraridclimates

Chloridecanleachintogroundwaterorbuild-upinaridsoilcondi&ons,impac&ngyieldsandcropquality

SignificantbenefitsoverMOPforfruits,vegetables,nuts,potatoes,tobacco–manyotherhighvaluecrops

Primarilyforcornandgraincropsthatcanwithstandchloride

(1)PerCRU

SOP: A TOP PERFORMING COMMODITY IN LAST 5 YEARS

6 1CompassMineralsQ42015Report,2PotashCorpQ42015Report

SERVINGANUNDERSERVEDMARKET

CompassQ4/15realizedSOPpriceU.S.$887/tonne1

PotashCorpQ4/15realizedMOPpriceU.S.$238/tonne2

SOP

MOP

DEVELOPMENTSTRATEGY

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Valleyfield(Quebec) BlawnMountain(Utah)

Bringini&al40,000tpySOPintoproduc&oninQ42017

Poten&alforupto585,000tpySOPproduc&onEvaluatescalingdevelopment,withtargetedini&alproduc&oninlate2019

Completepermihngandbreakgroundin2016

CompletescalingstudyinQ3,2016

FinalizeSOPokakeandothercommercialarrangements

Leveragemanagementteams’strongprojectdevelopmentandfinancingexper&se

DevelopEPCorsimilarconstruc&onarrangementstominimizeexecu&onrisk

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VALLEYFIELDPROJECT

VALLEYFIELDPROJECT(QUEBEC)

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•  ProvenMannheimtechnology•  ConvertsMOP+sulphuricacidto

SOP+by-producthydrochloricacid

•  EngineeringstudycompletedbySNConMarch29,2016

•  PlantobuildunderEPCcontract•  Basedon40,000tpyofSOP

•  Poten&altobuildaddi&onalunits•  CDN$13.3millionaverageannualcash

flowforfirst5years•  Permihngexpectedtotakethree

months•  StronginterestinSOPokake

EconomicSummary(CDN$)

Ini&alcapitalcost(1) $48.8million

IRR(unleveredaUertax)

32.5%

NPV(aUertaxat10%) $66.9million

SOPprice/tonne $1,000(U.S.$760)

MOPprice/tonne(2) $500(U.S.$380)

Opex/tonne(3) $590

(1)$9.5millionofthisamountisacidsupportinfrastructureexpectedtobeincurredby3rdpar&es(2)Equatesto$430/tonneofSOP(3)Netofacidcredit

•  MOUnego&atedwiththirdpartyforofftakeofhydrochloricacid•  Poten&altotakeadvantageofaprac&vefinancingsupportinQuebec•  Expecttostartconstruc&onin2016,with12-monthconstruc&onschedule

VALLEYFIELD:STRATEGICALLYLOCATED

•  LocatednearMontreal,Quebec

•  Propertysecured•  Stronglocalsupport•  Railaccessatsite•  Portwithin2km,allowing

accessintokeyU.S.markets•  Within2kmofsulphuric

acidsupplier–discussionsini&atedwithsuppliers

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•  Locatednearhydrochloricacidcustomers•  MOUsignedforokakeofini&alproduc&on•  Discussionsunderwayforsecondphaseofhydrochloricacidokake

PROVENMANNHEIMPROCESS

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MannheimFurnace

PotassiumSulphate(“SOP”)

HydrochloricAcid(“HCL”)

PotassiumChloride(“MOP”)

SulphuricAcid

Energy

•  ConvertsMOPtoSOP•  Provenproduc&onprocess(over100yearhistory),withnumerousopera&ng

facili&esinEuropeandChina(about40%ofcurrentSOPproduc&onisfromMannheim)

•  Highquality,consistentproduc&onprocess•  Scaleallowsforconstruc&on&meof12-months

VALLEYFIELDNEXTSTEPS

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Task Comments

EngineeringStudy •  CompletedbySNConMarch29,2016•  FinalizeEPCarrangements

Permihng •  Expectedtotakethreemonths

AcidCommercialArrangements

•  Plantohaveathirdpartytobuild,own,operatehydrochloricacidandsulphuricacidinfrastructure

•  Thirdpartywillalsoberesponsibleforacidlogis&cs

SOPOkake•  Mul&pleexpressionsofinterestinokake.•  Nego&a&onssettocommencenowengineeringstudycomplete

Financing•  Discussionssettocommencewithpreliminaryengineering

studycomplete•  Quebecgovernmentfinancialsupportprogramsavailable

Construc&on•  Expectedtocommenceinlate2016•  An&cipate12-monthconstruc&on&metable

BLAWNMOUNTAINPROJECT

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BLAWNMOUNTAINPROJECT(UTAH)

•  Surfaceminingwithadjacentprocessingfacility

•  KnownprocesstoconvertaluniteoreintoSOP,by-productsulphuricacidandanalumina-richmaterial

•  PrefeasibilityStudycompletedbyNorwestinDecember2013

•  P+Preservessupport40yearminelife,•  Poten&altoincreaselifeof

opera&onsthroughaddi&onalexplora&on

•  Projectpermiped;waterrightssecured

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PFSEconomicSummary(US$)

Ini&alcapitalcost

$1,124million

IRR(unleveredaUertax)

20.5%

NPV(aUertax,at10%) $1.0billion

SOPprice/ton $649

Opex/ton(1) $173

(1)Netofacidcreditandexcludingroyal&es.

•  MOUnego&atedwiththirdpartyforokakeofsulphuricacid•  Currentlyassessingthepoten&altophaseproject(withphase1poten&allyaround200,000

tpy)tosignificantlyreduceupfrontcapex•  Poten&altofasttracknextstageofdevelopment

UTAH–ANATTRACTIVEPLACEFORMINING

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•  Majorresourceproducingstate•  Over100yearsofpotashproduc&on•  Beststateforbusinessandtopquar&leminingjurisdic&on(1)•  100%state-ownedland•  Strongstategovernmentandlocalsupport•  Allnecessaryinfrastructurenearby

(1)ForbesMagazine,2015RankingandFraserIns&tute,April,2013

THEBLAWNMOUNTAINPROPERTY

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AREA1MININGZONE

PROCESSINGPLANTLOCATION

AREA2MININGZONE

ACCESSROAD

ORETESTPITNotethatoreisatsurface

RESERVESANDMINELIFE

Drillingworktodatehasestablished40yearsofreserves–calculatedbyindependentengineer(Norwest)

Drillingtodatehasfocusedonlyontwoofthefourareaswithinthe15,400acrelandposi&on

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ReserveCategory

TotalProven

('000tons)Probable('000tons)

AluniteOre(ROMtons) 136,254 289,540 425,794

Ore(averageK2O(%)grade) 3.56 3.49 3.51

Ore(averageK2SO4(%)grade) 6.59 6.46 6.49

SOP(tons) 8,457 17,970 26,427

SulphuricAcid(tons)@98%Purity 18,888 40,136 59,024

MineralReservesbyCategoryNovember6,2013

DRILLED

NOTYET DRILLED

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PERMITTINGESSENTIALLYCOMPLETED

Thefollowingtableiden&fiesthemajorpermitsandapprovalsthattheCorpora&onhasors&llneedstoobtainpriortoconstruc&on:

Permit/Approval IssuingAgency Completed

Explora&onPermit UtahDivisionofOil,GasandMining October,2011

USArmyCorpsofEngineersJurisdic&onalWatersConcurrence USArmyCorpsofEngineers March,2014

GroundwaterPermits UtahDivisionofWaterQuality July,2014

LargeMineOpera&onApproval UtahDivisionofOil,GasandMining August,2014

AirQualityEmissionStandard UtahDivisionofAirQuality

AirQualityEmissionStandardrequirestheengineeringtobepar&allycompletedbeforetheapplica&onisfiled.Itistechnicallynotapermit,butmoreanagreeduponemissiontargetthattheProjectmustbedesignedtomeet.

INDUSTRYPROVENFLOWSHEET

Alunite

Calcination

Water Leach

Alumina Rich Material

SOP Solution Crystallizing Drying, Compacting & Sizing SOP

SO2 Acid Plant Sulphuric Acid

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WELL UNDERSTOOD FLOWSHEET USING COMMONLY USED EQUIPMENT

•  Extensivetestworkconfirmsflowsheet;•  Plannedaddi&onaltestworkwillincludebulksamplesat

equipmentvendorfacili&es–willresultinvendorsprovidingproduc&onguarantees

Crushing & Grinding

•  Exis&ngplantinAzerbaijancurrentlymothballed(GanjaRefinery)

•  Flowsheetsimilartocommercial-scaleproduc&onprocesseshistoricallyusedinUSandAustralia

BLAWNMOUNTAINDEVELOPMENTTIMELINE

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Late 1970’s $25 million invested

developing Project

2011 Project Acquired

April 2012 Initial resource

estimate*

November 2012 Preliminary Economic

Assessment *

December 2013 Prefeasibility

Study* establishes 40

years of reserves

*43-101CompliantTechnicalReport

December 2012 IPO

$80M market cap

August 2014 Large Mine Operating

Permit issued

March 2014 US ACOE confirms

no US federal permits required; Exploration lease

converted to mining lease

July 2014 Groundwater

Discharge Permit issued

October 2014 Enter into offtake

and marketing arrangement for

by-product sulphuric acid

BLAWNMOUNTAINNEXTSTEPS

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Task Comments

Maintainvaluecreatedtodatewhileraisingpre-construc&oncapital

•  MiningleasemodifiedinJune2015todeferleasepayments•  Permitsremainintact•  Commercialarrangementsalreadynego&atedforsupport

infrastructureremaininplace

Furtherevaluatereducedscalealterna&ve

•  Engageengineeringfirmtoevaluatephaseddevelopmentofproject,atapoten&alini&alproduc&onrateofaround200,000tpy

•  Ul&mategoalwillbetoobtainEPCquoteonreducedscalealterna&ve

Okake •  Ini&atediscussionswithpoten&alokakepartnersaUercomple&onofreducedscalealterna&veevalua&on

Financing•  Stronginterestinconstruc&onfinancing–con&nuedialogue

withpoten&alfinanciers

CORPORATEINFORMATION

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EXPERIENCEDANDPROVENMANAGEMENT

OVER 70 YEARS COMBINED EXPERIENCE 23

GuyBen4nckPresidentandChiefExecu4veOfficer

CharteredProfessionalAccountant20yearsmining/resourceexperienceSherripCFOandSVPCapitalProjects

RossPhillipsChiefOpera4ngOfficerandChiefFinancialOfficer

MA(Econ)/MBA/CFA/CPA10yearsexperienceinlargeresourceandenergysectorprojectsSherrip,CapitalPower

JayHusseyVPCorporateFinanceandPresident,ValleyfieldFer4lizer

20yearscapitalmarketsconsul&ng9yearsSOPexperiencewithMigaoCorpora&on

PaulHamptonProjectManager

GeologistandMetallurgicalEngineer30yearsindesign,construc&onandmanagementofmineralprocessingfacili&esSNC,WashingtonGroup,Outotec

CAPITALRAISESANDCAPITALIZEDCOSTS

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Date/Price Price Proceeds$mm

February2011 $0.05 $1.1

August2011 $0.25 5.4

November2011 $0.25 1.5

December2011 $0.25 0.5

December2011 $0.75 10.5

December2012 $1.00 20.0

November2015 $0.03 0.6

Total $39.6

Ac4vity $mm

Variousengineeringstudies $10.4

Drilling 6.8

Employeecosts 6.3

Engineeringandpermihngconsul&ngcosts 5.4

Mineralleases 2.5

Other 1.2

Total $32.6

CapitalRaises CapitalizedCosts

CAPITAL STRUCTURE

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Millions

Total Common Shares Outstanding 106.9

Warrants – $ 0.08 (exp. Nov 2017) 11.3

Stock options 9.4

Total Fully Diluted Shares 127.6

As at February 29, 2016

April2016