Mr. Jonathan George reports

AMERICAN POTASH ANNOUNCES PROPOSED PRIVATE PLACEMENT

American Potash Corp. has arranged a non-brokered private placement of up to 20 million units at a price of five cents to raise gross proceeds of up to $1-million. Each unit will consist of one common share of the company and one-half of a common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share at an exercise price of 10 cents for a period of three years following closing of the private placement.

The company may pay finders' fees in the amount of 6 per cent cash and issue finders' warrants equal to 6 per cent of the number of units placed by such finder on all or a portion of the private placement. The finders' warrants will have the same terms of the warrants forming part of the units.

The company intends to use the net proceeds of the private placement for exploration work and permitting on its properties, and for working capital. Completion of the private placement remains subject to the approval of the Canadian Securities Exchange.

We seek Safe Harbor.