Mr. Cristiano Veloso reports

MEASURED AND INDICATED RESOURCE ESTIMATE INCREASES TO 1.47 BILLION TONNES AT 9.2% K2O

Verde Potash PLC has completed drilling at the Cerrado Verde project. Cerrado Verde now has a National Instrument 43-101 measured and indicated mineral resource estimate of 1.47 billion tonnes at a grade of 9.2 per cent dipotassium oxide (K2O). In addition, the revised inferred mineral resource estimate is 1.85 billion tonnes at a K2O grade of 8.6 per cent. Over 1.4 billion tonnes of resource has been upgraded from the inferred to the measured and indicated categories. Brazil's annual potash consumption expressed in K2O terms is approximately 4.9 million tonnes. The new resource represents over 295 million tonnes of in situ K2O.

President and chief executive officer Cristiano Veloso commented: "The company is on track to complete and publish the prefeasibility study in first quarter 2014 for its phase 1, 1,000-tonnes-per-day ThermoPotash facility (Flex plant). The Flex plant will also be operated to process potassium chloride in order to secure the necessary performance guarantees. The upcoming PFS will address ThermoPotash, not KCl, so that the company can gradually and ultimately maximize production from its large potash resource in the heart of Brazil in order to become a significant domestic producer."

This large potash resource is located at surface with very little to no overburden, making the deposit amenable to open-pit mining. The nature of the resource allows for a low-capital-expenditure, scalable project to be pursued, thereby allowing for an accelerated route to cash flow while preserving the upside of a large-scale KCl operation. In contrast, a conventional KCl deposit in Saskatchewan, Canada, is typically located 1,000 to 2,000 metres below surface, necessitating a conventional shaft or solution mining operation with a minimum capex measured in billions of dollars.

The new mineral resource estimate comprises a measured mineral resource of 83 million tonnes with an average grade of 10.1 per cent K2O, an indicated mineral resource of 1.39 billion tonnes with an average grade of 9.2 per cent K2O and an inferred mineral resource of 1.85 billion tonnes with an average grade of 8.6 per cent K2O (all applying a 7.5-per-cent K2O cut-off).

The new mineral resource was estimated from data collected from a total of 41,021 m of reverse circulation (RC) drilling from 710 drill holes with a collar spacing ranging from 100 m by 100 m (measured resource) to 400 m by 400 m (inferred resource) and an additional 1,717 m of diamond core drilling (DC) from 25 drill holes. The final drilling program consisted of 15,080 m of drilling from 252 RC drill holes and an additional 785 m from 12 DC drill holes.

                             CERRADO VERDE RESOURCE ESTIMATE

Target                          Cut-Off grade               Tonnage       Average grade
                                       (% K2O)                  (Mt)             (% K2O)

Total measured                            7.5                    83                10.1
Total indicated                           7.5                 1,388                 9.2
Total measured and indicated                                  1,471                 9.2
Total inferred                            7.5                 1,849                 8.6

Mineral resources are not mineral reserves and do not have demonstrated economic 
viability.

Environmental licence update

Given Verde's focus on expediting cash flow with the lowest capex possible, the company will focus its regulatory efforts on securing an environmental licence for ThermoPotash. If the company were to move forward with KCl at this time, it would need to continue investing capital on studies required by Brazilian authorities. It is also not feasible to convert the current application process for KCl into an application process for ThermoPotash. Consequently, the company will not be spending additional resources on securing an environmental licence for KCl production until ThermoPotash production commences. Verde will thus terminate the licencing process for KCl.

For the environmental licence, ThermoPotash's mine pit occupies 30 hectares versus 2,000 hectares in the case of KCl. Given ThermoPotash's smaller footprint and minimal environmental impact, the project is classified by Brazilian environmental authorities as Class III, which allows for an expedited licensing process as the LP (preliminary permit) and the LI (construction permit) are issued simultaneously. The KCl project is classified as Class V, which does not allow for the same treatment.

Verde's work on securing an environmental licence for ThermoPotash is continuing. During the past few weeks, the company had meetings with Brazilian authorities to update them on its progress.

Qualified person

The qualified person within the meaning of National Instrument 43-101 with respect to the technical information in this press release is Bradley Ackroyd (MAIG (CP)), who is a principle consulting geologist with Andes Mining Services Ltd.

We seek Safe Harbor.