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File: Pacific Potash - News Release -Pacific Potash Corporate Update Mar 16 2016.docx

  Suite 1500-885 West Georgia St
Vancouver, British Columbia
Canada, V6C3E8
Tel:  604.895.7446
Fax: 604.683.8125



TSXV: PP
March 16, 2016



NEWS RELEASE

Pacific Potash Corporate Update
VANCOUVER, BRITISH COLUMBIA: Pacific Potash Corporation (TSX-V: PP) ("Pacific Potash" or the "Company") announces that
---> it has received confirmation from Bank of Montreal that certain funds in the amount of approximately $60,000 wired to
---> Brazil in order to make a tax payment due to the Departamento Nacional de Producao Mineral of the government of Brazi
--->l ("DNPM") were returned to the Company for reason that the correspondent intermediary bank was invalid.  

As disclosed in the Company's management's discussion and analysis for the financial year ended June 30, 2015, the Com
--->pany determined in October 2014 that it was no longer able to exercise control over its Brazilian subsidiary, Potassio
---> Ocidental Mineracao Ltda. ("Potassio"). This resulted from the actions of former members of the Company's senior mana
--->gement and management of Potassio, which have effectively prohibited the Company from directing operations of Potassio
---> and accessing its assets. Effective October 31, 2014, the Company lost all ability to manage and control Potassio's a
--->ssets and operations and became unable to access Potassio's books and records. The status of the Company's ownership c
--->ould not be verified.  Even though the Company has legal title to its investment in Potassio, it was no longer able to
---> exercise any control or influence over its subsidiary including its day-to-day operations.  Additional information on
---> the Company's Amazonas project in Brazil can be found in the Company's disclosure available on SEDAR (www.sedar.com).
--->    

The Company has previously entered into a non-binding memorandum of understanding with Northern International Group ("
--->Northern"), which was announced on November 19, 2014, to raise capital for development of the Company's exploration pr
--->ogram and for general working capital.  The Company has worked toward advancing the strategic cooperation between the 
--->parties to complete the investment.  Northern has requested that the Company provide relevant documents and records of
---> the Brazilian assets for review; however, the Company was unable to provide such documents as the Company's tenemants
---> in Brazil was revoked by the DNPM due to the failure of the funds wired to Brazil to pay the tax.  The  Company has r
--->etained local attorney in Brazil to negotiate and discuss with the Brazilian authorities and tried to preserve control
---> over the Brazilian assets.  The Company has been advised that the possibility of re-gaining control or ability to exe
--->rcise influence over the Brazilian assets is very low.  As a result, considering the current global market condition a
--->nd the situation of the Company, Northern informed the Company that it had decided to temporarily suspend the executio
--->n of any subsequent strategic cooperation proposals with the Company.


On behalf of the Board,
Pacific Potash Corporation
 Tao Liu CEO, Chairman and Director
 
 
 
For further information, please visit our website at www.pacificpotash.com or contact Lily Qiu, Investor Relations:

Direct: +1 604.442.8858
Email: lily_qiu@capitalasia.com 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the 
--->TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Caution concerning forward-looking information
 This press release contains "forward-looking information" and "forward-looking statements" within the meaning of appl
--->icable securities laws. This information and statements address future activities, events, plans, developments and pro
--->jections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-l
--->ooking information. Such forward-looking information and statements are frequently identified by words such as "may," 
--->"will," "should," "anticipate," "plan," "expect," "believe," "estimate," "intend" and similar terminology, and reflect
---> assumptions, estimates, opinions and analysis made by management of Pacific Potash in light of its experience, curren
--->t conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. F
--->orward-looking information and statements involve known and unknown risks and uncertainties that may cause Pacific Pot
--->ash's actual results, performance and achievements to differ materially from those expressed or implied by the forward
--->-looking information and statements and accordingly, undue reliance should not be placed thereon.
 Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of fina
--->ncing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including env
--->ironmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and uncer
--->tainties which are more fully described in our annual and quarterly Management's Discussion and Analysis and in other 
--->filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. Pacific Potash disc
--->laims any obligation to update or revise any forward-looking information or statements except as may be required.