Mr. Peter Hogendoorn reports

SAGE POTASH OBTAINS APPROVAL FOR US$14 MILLION USDA GRANT TO ADVANCE PROJECT

Sage Potash Corp. has obtained approval for a $14-million (U.S.) grant from the U.S. Department of Agriculture (USDA) through its wholly owned subsidiary, Sage Potash (USA) Corp. Funding will support Sage Potash's financing strategy for the construction of a 300,000-tonne-per-year potash project in the United States.

"The USDA grant underscores the importance of increasing domestic potash capacity to serve U.S. farmers and Sage is uniquely positioned to build incremental capacity in-market that is derisked in terms of capital, time to production and execution. This grant brings Sage Potash one step closer to planned production and accelerates partnering and financing efforts," said Tim Mizuno, president and chief operating officer.

"The project is expected to create approximately 100 well-paying jobs in the San Juan county of Utah and uses proven solution-mining techniques that are expected to improve safety and environmental impacts relative to conventional potash mining," added Mr. Mizuno.

The USDA grant represents a significant portion of expected project costs to produce 300,000 tonnes per year of potash. Additionally, Sage Potash is advancing permitting and a preliminary economic assessment (PEA) with the support of Respec, a leading company in potash deposits and mine development. The PEA includes third party review of estimated project economics, costs and a summary of already-completed cultural, environmental and ecological studies that resulted in no mitigation required. Sage Potash expects the final PEA before the end of the third quarter of 2025.

Potash is a primary nutrient, essential for plant growth and global food security. More than 90 per cent of potash consumed in the United States is imported, mostly from Canada, the Former Soviet Union and the Middle East. Following President Donald Trump's executive order in May, 2025, potash was added to the draft list of critical minerals for the Department of the Interior and U.S. Geological Survey on Aug. 25, 2025, thereby providing access to federal funding and tax credit opportunities of Sage Potash.

"Sage applauds the U.S. federal administration's decision to add potash to the critical mineral list and is grateful for the USDA grant. With this support, we are well positioned to help grow domestic potash production, derisk the foreign supply chain for American farmers and create long-term value for our shareholders," said Peter Hogendoorn, chief executive officer.

The USDA grant was approved under the fertilizer product expansion program, which helps to increase the manufacturing and processing of fertilizer and nutrients and their availability in the United States. Certain terms and conditions are attached to receiving the grant and the company will provide further updates as these conditions are met.

About Sage Potash Corp.

Sage Potash is a Canadian company vested solely in the Sage Plain property and intends through sustainable solution mining techniques to become a prominent domestic potash producer within the Paradox basin, situated in Utah.

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