Mr. Norman Brewster reports

ENCANTO ANNOUNCES NEW BOARD AND CEO APPOINTMENTS

Encanto Potash Corp. has appointed Norman Brewster, Noureddine Mokaddem, Martin Wong, David Franklin, Maurice Stekel, Chief Reg Bellerose and Joe Varner to its board of directors, effective Aug. 11, 2016. In addition, Mr. Brewster has been appointed as chief executive officer of the company and Mr. Bellerose has been appointed first nations special counsel. In conjunction with these appointments, the company will be relocating its head office to Toronto. The company has accepted the resignations of Robert McMorran, John Reynolds, Jamie Schwitzer, Brian Thurston and Jim Walchuck. Mr. Walchuck has agreed to continue as an adviser to the company. The company would like to take this opportunity to thank Mr. Walchuck for his tireless efforts in advancing the project to this stage, and would like to thank the resigning directors for their many years of contributions and wishes them success in their future ventures.

The company is looking forward to the further progress of work on its joint venture with the Muskowekan First Nation on the Home Reserve project in southeastern Saskatchewan, beginning with implementation of the previously recommended feasibility study. Since completion of a preliminary feasibility study filed in March of 2013, several initiatives have been negotiated and put in place by the company's president, Stavros Daskos.

"Following close to one year as Encanto's president, and having secured the base terms that will lead to a long-term agreement with MMTC that will allow for the resource to be developed and the company to expand, it was essential that a team be implemented that has had a long track record with strong project and finance execution to take this project forward with the first nations," said Mr. Daskos.

About the new board

Norman Brewster

Currently, Mr. Brewster is the president, director and CEO of Cadillac Ventures Inc., with development projects in Ontario (copper) and New Brunswick (tungsten). Mr. Brewster has served on many public and private company boards over his career in the mineral industry. Prior to joining Cadillac Ventures, he was the interim president and executive chairman of Iberian Minerals Corp., successfully financing, developing and putting into production the Aguas Tenidas mine in Andalucia, Spain, which became the region's largest employer. During his tenure, Mr. Brewster led negotiations for the purchase of the Condestable mine in Peru by Iberian Minerals, and as a final duty, Mr. Brewster led a committee in reviewing the successful bid by Trafigura Group Pte. Ltd. to acquire Iberian Minerals, in an all-cash takeover. Mr. Brewster also sat on a committee, as a director of Spider Resources Inc., which reviewed the successful all-cash acquisition of Spider Resources by Cliffs Natural Resources Inc. Mr. Brewster holds bachelor of science and education degrees from Acadia University and was approved as a member of the Association of Geoscientists of Ontario.

Noureddine Mokaddem

Mr. Mokaddem is the president and a director of Maya Gold and Silver, prior to which he has held senior positions in Morocco, mainly at ONA Group and OCP Group. Mr. Mokaddem has played, during his 33 years of experience, an important role in the development of several major mining operations and projects such as the Akka gold mine and the Guemessa polymetallic complex in Morocco, and other projects in West and Central Africa. Mr. Mokaddem holds a bachelor's degree in engineering from the State School of Engineers in Mons, Belgium. Additionally, Mr. Mokaddem has attended several training and development courses related to the mining industry and mineral projects during his career.

Martin Wong

Mr. Wong is an independent director of Maya Gold and Silver who for the last five years has acted as an independent capital markets adviser to public companies. Prior to that, Mr. Wong worked for Dundee Securities Corp.'s investment banking group, where he structured, developed and completed a range of capital market transactions, including capital market equity issues and merger and acquisitions. Currently, Mr. Wong is an adviser and managing partner at Milton Capital Partners Ltd., a financial and capital market advisory firm. Mr. Wong holds a bachelor of business administration from Bishop's University and is a member of the Ordre Comptables Agrees du Quebec. Mr. Wong holds accreditation from UBC for real estate financing and the Boeing Corp. for airline analysis and financing.

David Franklin

Mr. Franklin is presently the CEO of About You Medical Supplies of Port Saint Lucie in Florida, and holds positions on several public and private companies in the mining, technology and health care industries. Mr. Franklin has many years experience in the financial industry, including six years at Sprott Asset Management. In 2011, Mr. Franklin was named CEO of Sprott Private Wealth, an IIROC member firm with over $3-billion in client assets, where he oversaw Sprott's wealth management services to high-net-worth individuals and foundations. Mr. Franklin holds an honours degree in economics from Wilfrid Laurier University and has a chartered investment manager (CIM) designation in Canada.

Maurice Stekel

Mr. Stekel has brought to numerous mining companies his significant expertise in accounting and finance as a founding and senior partner of Birnbaum, Prenick, Stekel & Co., chartered accountants. In addition to practising as a recognized and successful accountant, over his career Mr. Stekel has held numerous directorships in public mining companies. Most recently, he has brought his audit expertise to sit as a director and audit committee chair for several companies, including Cadillac Ventures with development-stage assets, Iberian Minerals with its operating mine in Spain and the subject of a cash takeover transaction by Trafigura Group, and Noront Resources Ltd., during the period of the significant "Ring of Fire" discovery in Northern Ontario.

Chief Reg Bellerose

Mr. Bellerose has been re-elected for his sixth term a chief of the Muskowekwan First Nation and Encanto's partner in developing the potash resource on his nation's reserve, where he is committed to economic development, focusing on partnerships and joint ventures in the oil and gas, potash, power, and most recently rail industries. Mr. Bellerose sits on various boards throughout Saskatchewan, including First Nation Power Authority, Saskatchewan Institute of Technologies and is chair of the Saskatchewan Indian Gaming Authority Board. Mr. Bellerose holds a master in project management from the University of Saskatchewan and a bachelor of arts in history in political science from Concordia University.

Joe Varner

Mr. Varner has recently served as director of policy to Canada's Minister of Justice and Attorney-General, Peter Gordon MacKay, PC, QC, MP, from 2013 to 2014. Mr. Varner served in the same capacity when Mr. MacKay was Minister of National Defence from 2008 to 2013. During that time, he regularly accompanied the minister to major international security conferences such as the NATO summits in Lisbon and Chicago and the Halifax International Security Conference, the Munich Security Conference and Senator John McCain's Sedona Forum as principal adviser. Mr. Varner previously served as senior adviser on national security matters to Joe Clark, leader of the Progressive Conservative Party of Canada; to the late John Lynch-Staunton, the first leader of the Conservative Party of Canada; to the late Michael Forrestall, Deputy Chairman of the Senate Standing Committee on National Security and Defence; and as a special adviser to the former Speaker of the Senate, Noel Kinsella. As an associate professor, Mr. Varner taught both undergraduate and graduate courses in homeland security, national security, emergency, and disaster management and intelligence studies at American Military University (AMU), and served as the program director for the department of homeland security studies. Mr. Varner has a bachelor of arts honours degree in international relations and a master of arts degree in political science from Acadia University, and currently is a doctoral candidate in strategic security at Henley-Putnam University.

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