Mr. Rudy de Jonge of American Potash reports

AMERICAN POTASH PARTNERS WITH MGX MINERALS INC.

American Potash Corp.'s joint venture partner, Power Metals Corp., has signed the definitive agreement with MGX Minerals Inc. previously announced through a binding letter of intent agreement on Aug. 2, 2017.

The concluded transaction terms are as follows:

• MGX acquires all of Power Metals' current U.S. petrolithium brine assets.
• MGX acquires a 20-per-cent working interest in all of Power Metals' current hard-rock assets and any future assets that Power Metals acquires for the following 36 months.
• MGX has the right to purchase an additional 15-per-cent working interest of Power Metals' hard-rock assets for a period of 36 months for a total of $10-million.
• MGX receives a call option to purchase up to 10 million common shares of Power Metals at a price of 65 cents per share for a period of 36 months.
• MGX pays to Power Metals three million common shares of MGX.

Rudy de Jonge, chief executive officer of American Potash, stated: "We are pleased that we have a new partner with extensive experience in the type of drilling the joint venture will be engaging in. We feel this will greatly enhance the potential for success."

Final completion of the transaction is subject to final regulatory approval from both the Canadian Securities Exchange and the TSX Venture Exchange.

We seek Safe Harbor.