Mr. Bill Xue reports

WESTERN RESOURCES REPORTS AGM RESULTS

Western Resources Corp. shareholders have approved all items put before them at the company's annual general shareholder meeting (AGM) held today, March 10, 2023. The approved items are:

1. Fixed the number of directors of the company at seven;
2. The election of Bill Xue, George Gao, Mark Fracchia, Justin Xing, Guy Bentinck, Andrew Hancharyk and Scott Nagel to the board. A total of 328,893,991 common shares, representing 80.51 per cent of the outstanding common shares of the company as at the record date, were present in person or by proxy at the meeting. The approximate number of those votes "for" each director, the approximate "percentage" of the total votes cast and the "withheld/abstain" votes for each director are shown as in the attached table;
3. The reappointment of MNP LLP as auditor of the company at a remuneration to be fixed by the directors, with 290,705,797 shares voted for, representing 99.95 per cent of the outstanding common shares of the company and 138,392 shares voted withheld.

The new board then re-elected Bill Xue as chairman of the company, with Justin Xing as chair of the executive committee, Mark Fracchia as chair of the nominating and assessment committee, Guy Bentinck as chair of the audit committee, Scott Nagel as chair of the compensation committee and Andrew Hancharyk as chair of the corporate disclosure policy committee. Shuai Wei and Owen Zhang are reappointed as board observers.

The company welcomes Scott Nagel to Western's board. Mr. Nagel brings over 30 years of grain and fertilizer experience to the company. He was president of the ADM Benson Quinn from 2008 until January this year when he retired. The board is confident that Mr. Nagel will play an important role in helping the company with its continued efforts in business marketing, project financing and company strategy.

Western's chairman Bill Xue said: "I am very pleased that we now have a very strong board in the company's history. The addition of Mr. Nagel to our board improves the board structure by adding additional depth, with the board members having experience in one or more of strategic, financial, technical, legal or corporate management. As the Milestone project construction's expected completion is in May, and with the progression of its mining development to a more advanced level, I expect Western to be able to deliver a successful and innovative potash project in the near future."

About Western Resources Corp.

Western Resources and the company's wholly owned subsidiary Western Potash Corp. are constructing Canada's newest and most innovative, environmentally friendly, and capital-efficient potash mine. This will be the first potash mine in the world that will leave no salt tailings at the surface, thereby reducing the water consumption by half as well as significantly improving energy efficiency.

We seek Safe Harbor.