Mr. Owen Ryan reports

PLAINS CREEK PHOSPHATE ANNOUNCES THE APPOINTMENT OF OWEN RYAN AS EXECUTIVE CHAIRMAN

The board of directors of Plains Creek Phosphate Corp. has appointed Owen Ryan as a new additional director, executive chairman, interim president and chief executive officer, with immediate effect. Glenn Laing and Carson Phillips have stepped down from their executive positions and will not be seeking re-election at the next annual general meeting of shareholders, which is scheduled for March 7, 2013. Mr. Laing has entered into a consultancy agreement with the company to provide advisory services as and when requested.

Mr. Ryan brings to Plains Creek extensive experience as a senior-level mining executive. Previous roles include head of group business development for Anglo American PLC in London, head of global mining research and sales at UBS Investment Bank in London, and head of mining and commodity research at Old Mutual Asset Management in Cape Town, South Africa. Mr. Ryan was recently a non-executive director of Toronto Stock Exchange-listed Western Coal Corp. He is currently a non-executive director of Mongolia Minerals Corp., an unlisted Canadian public company.

Mr. Ryan is respectively a partner and director of London-based Scarab Capital Partners LLP and Scarab Investments Ltd. He is also a founding shareholder and chairman of Alameda Minerals Ltd., a Chile-based mining exploration and development junior. Mr. Ryan holds a bachelor of science in civil engineering and a master of business administration, both from the University of Cape Town.

Mr. Ryan stated: "I look forward to the challenge of leading this junior phosphate mining company into its next phase of development. The company has completed a bankable feasibility study establishing a proven phosphate reserve with world-class potential that deserves to be brought rapidly into production. We have a core of strong shareholders who currently support this vision, and I look forward to building value for all shareholders and stakeholders."

The board is currently in the process of examining its strategic alternatives including restructuring and refinancing the company. It is the intention of the board that should any shareholder approvals be required in this respect, these will be sought at the AGM on the March 7, 2013.

We seek Safe Harbor.