Mr. Jonathan George reports

MR. JOHN GREIG RESIGNS FROM THE BOARD OF DIRECTORS OF AMERICAN POTASH; APPOINTED SENIOR ADVISOR

John Greig has resigned from American Potash Corp.'s board of directors and has been appointed as senior adviser to the company.

Mr. Greig has served as a director of American Potash since its founding in 2006 and has been a stalwart supporter of its endeavours, particularly the Green River potash and lithium project located in the Paradox basin of Utah.

Jonathan George, president and chief executive officer, comments, "We are incredibly grateful to John for his invaluable contributions to the company over the years, and are very pleased that he will continue his involvement with us as a senior adviser to management and the board of directors at this pivotal time in the advancement of our Green River potash and lithium project in Utah's Paradox basin."

About the Green River potash and lithium project

A National Instrument 43-101 technical report by Agapito Associates Inc. states that the Green River potash and lithium project hosts an exploration target estimated to contain 600 million to one billion tons of sylvinite grading between 19 per cent to 29 per cent KCL (potassium chloride).

This target was modelled utilizing gamma-log data from 33 historical oil and gas wells within and near the project area, and based on a specific stratigraphic horizon know as Cycle 5. This is one of the same horizons that Intrepid Potash Inc., America's largest potash company, produces from at its nearby Moab solution mine, providing strong evidence of stratigraphic continuity within this part of the Paradox basin.

The company holds a 100-per-cent interest in 11 State of Utah (SITLA) mineral and minerals salt leases covering over 7,000 acres, 128 federal lithium brine placer claims covering 2,650 acres, and is in the final stages of the application process for 11 federal (BLM) potash exploration permits comprising approximately 25,000 acres.

Significantly, three of the state leases and a large area covered by the federal (BLM) potash permit applications lie within or border an area designated for future potash and brine and processing, including energy-efficient solar evaporation ponds.

Located only 20 miles northwest of Moab, Utah, the project has significant logistical advantages, including close proximity to major rail hubs, airport, roads, water, towns and labour markets.

The United States imports more than 90 per cent of its annual potash requirements, and domestic producers receive a higher sales price due to proximity to market; as of March 31, 2023, the muriate of potash price was quoted at $453 (U.S.) per tonne (fob Vancouver) -- Intrepid Potash, America's largest potash producer, reported receiving an average realized price for potash of $713 (U.S.) per ton in 2022.

Kent Ausburn, PhD, PG, a qualified person within the meaning of NI 43-101 and a director of the company, has reviewed and approved the technical details of this release.

We seek Safe Harbor.