Mr. John Greig, an investor, reports

JOHN GREIG AND AMERICAN POTASH CORP. (THE "COMPANY") - DISSEMINATION OF EARLY WARNING NEWS RELEASE

On June 28, 2023, JAG Holdings Ltd., a company beneficially owned by John Greig, acquired one million units of American Potash Corp. (the issuer), of 1100, 1199 West Hastings St., Vancouver, B.C., V6E 3T5, at a price of five cents per unit, for total consideration of $50,000, pursuant to a private placement transaction. The units are composed of one million common shares in the capital of the issuer and share purchase warrants entitling Mr. Greig to purchase an additional 500,000 shares until June 28, 2026, at a price of 10 cents per share. Mr. Greig now holds 6,050,517 shares of the issuer, representing approximately 6.74 per cent of the issuer's issued and outstanding shares.

Immediately prior to the acquisition of the units, Mr. Greig had beneficial ownership of an aggregate of 5,050,517 shares, representing approximately 7.24 per cent of the issued and outstanding shares on a non-diluted basis. Prior to the transaction, Mr. Greig also beneficially owned 1.8 million warrants for the purchase of an additional 1.8 million shares and 1.2 million stock options for the purchase of an additional 1.2 million shares. Assuming the exercise of the warrants and stock options in full, Mr. Greig would beneficially have held 8,050,517 shares, or approximately 11.07 per cent of the issuer's shares.

Immediately after the acquisition of the units, Mr. Greig had beneficial ownership of an aggregate of 6,050,517 shares, representing approximately 6.74 per cent of the issued and outstanding shares on a non-diluted basis. Mr. Greig now holds 2.3 million warrants for the purchase of an additional 2.3 million shares and 1.2 million stock options for the purchase of an additional 1.2 million shares. Assuming the exercise of the stock options and warrants in full, Mr. Greig would have beneficial ownership of a total of 9,550,517 shares, representing approximately 10.25 per cent of the issued and outstanding shares, assuming no other shares are issued.

Mr. Greig acquired ownership of the units for investment purposes. Mr. Greig may acquire additional securities or dispose of existing securities on the basis of Mr. Greig's assessment of market conditions and in compliance with applicable securities regulatory requirements.

A copy of the early warning report filed by Mr. Greig in connection with the acquisition of the units is available on the SEDAR website or by contacting the issuer at 604-803-5838.