Mr. Cristiano Veloso reports

LEONARDO MORETZSOHN TO JOIN VERDE'S BOARD OF DIRECTORS

Leonardo Moretzsohn will be joining Verde Potash PLC's board of directors in June following the company's annual general meeting taking place on June 5, 2013, at 1 p.m. As an accomplished mining and finance executive, Mr. Moretzsohn brings a wealth of experience to Verde's board, having served 24 years with Vale SA, including as chief financial officer of Vale Inco and five years with the EBX Group. During his career, over $10-billion (U.S.) of capital was raised through Brazilian, international and development banks.

Mr. Moretzsohn has 30 years of project finance experience in the development and implementation of various mining projects, including the Carajas iron ore and Salobo copper projects, and the Alunorte alumina refinery. During his 24 year tenure at Vale, Mr. Moretzsohn had an active role restructuring the non-ferrous division after the company's privatization, and implementing the strategic planning process for the iron ore and aluminum businesses. Mr. Moretzsohn supported Vale's execution of a number of merger and acquisition transactions in iron ore and base-metals projects. When Vale acquired Inco, Mr. Moretzsohn was appointed CFO, and was a member of the committee responsible for integrating the acquired company into Vale's business model and co-ordinating the financial activities of Vale Inco, and its subsidiaries in Canada, Indonesia and New Caledonia. He has served as a director on boards both in Brazil and abroad, including those of PT Vale Indonesia Tbk and Samarco Mineracao, a Brazilian iron ore joint venture between Vale and BHP Billiton).

During his tenure with EBX Group, Mr. Moretzsohn was appointed CFO of MMX Minas Rio and EBX Holding SA. Mr. Moretzsohn was also appointed chief executive officer of CCX to develop a major greenfield thermal coal project in Colombia. He was instrumental in the growth of EBX from 2007 to 2012 as it became one of the most important resource conglomerates in Brazil.

President and CEO, Cristiano Veloso, commented: "The company's stage of transition from development to project finance and construction warrants directors strongly integrated with capital markets and development banks. Leonardo is a singular talent with a wealth of relevant experience and relationships that will open a number of important doors for the company."

We seek Safe Harbor.