Mr. Bill Xue reports

WESTERN RESOURCES REPORTS AGM RESULTS

Western Resources Corp.'s shareholders approved all items put before them at the company's annual general shareholder meeting (AGM) held today, March 15, 2024. A total of 96,648,405 common shares, representing 23.64 per cent of the issued and outstanding common shares of the company as at the record date, were present in person or by proxy at the meeting. The approved items are:

1. Fixed the number of directors of the company at seven, and the election of Bill Xue, George Gao, Mark Fracchia, Justin Xing, Andrew Hancharyk, Scott Nagel and Raymond Lu to the board. Voting details for the composition of the board and each board member are as shown herein.

1. The appointment of MNP LLP as auditor of the company at a remuneration to be fixed by the directors, with 96,464,071 shares voted for, representing 99.81 per cent of the outstanding common shares of the company and 183,760 shares voted withheld.
2. Approved the company's rolling incentive stock option plan, with 96,244,234 shares voted for, representing 99.58 per cent of the outstanding common shares of the company and 403,597 shares voted against.

In the follow-up board meeting after the AGM, board directors elected Bill Xue as chairman of the company and appointed Justin Xing as chair of the executive committee, Mark Fracchia as chair of the nominating and assessment committee, Raymond Lu 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 Xiao Xing were appointed as board observers, and Jack Xue as corporate secretary.

Western's chairman, Bill Xue, said: "I'm honoured to continue working with this strong board, with each of our directors having such extensive experience in his respective field. The board shares a common goal of building what we expect will be Canada's newest and most innovative, environmental friendly and capital-efficient potash mine which we also expect will bring significant changes to potash mining in Canada and the world. Implementing a new technology takes time, effort and patience. Our project team is confident of achieving success with the current mining plan and continued optimization, and we plan to add more caverns in the coming months to achieve the design production target. While this will delay the project for about a year, the board looks forward to a successful outcome by 2025."

We seek Safe Harbor.