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LEGAL_34275749.1.docx
Encanto Potash Corp.            Suite 450 - 800 W. Pender Street Vancouver, BC   V6C 2V6            Tel:  604-683-2402
--->          www.encantopotash.com
LEGAL_34275749.1.docx


LEGAL_34275749.1.docx


NEWS RELEASE

ENCANTO POTASH CORP. ANNOUNCES PROPOSED SHARE CONSOLIDATION

Vancouver, B.C., July 10, 2020, - Encanto Potash Corp. (the "Company" or "Encanto") (NEX: EPO.H), announces that, mana
--->gement of the Company has determined that a consolidation of its share capital may be required in order to provide for
---> further equity financing to meet its current working capital requirements and to attract new equity investment in the
---> Company. The Board wishes to be in a position during the ensuing year, if it considers to be in the best interest of 
--->the Company, to effect one or more share consolidations

The Company's Articles of Incorporation permit the Board of Directors to consolidate the outstanding common shares on 
--->any ratio determined by the Board.  The policies of the TSX Venture Exchange permit the Board to implement a share con
--->solidation on the basis of up to 10 old shares for one new share without shareholder approval.  The Board wishes to ha
--->ve the flexibility to consolidate the common shares further and in addition to the up to 10 old for one new ratio.  Th
--->e Company is seeking shareholder approval for a  further consolidation, in addition to an up to 10 for one share conso
--->lidation, on the basis of one (1) post-consolidation common share for up to every twenty (20) pre-consolidation common
---> shares currently held, the timing, number and magnitude of the consolidation ratio, to be determined by the Board (th
--->e "Consolidations").  The cumulative effect of these consolidations could be up to a one (1) post-consolidation common
---> share for every two hundred (200) pre-consolidation common shares currently outstanding.

The Consolidations remain subject to shareholder approval and approval of the TSX Venture Exchange.  Shareholders will
---> be asked to approve the Consolidations at the upcoming annual general and special meeting of shareholder scheduled fo
--->r August 19, 2020.  

The name of the Company and trading symbol will remain the same after the Consolidation(s). The Company currently has 
--->45,748,349 Common Shares issued and outstanding. If approved, following the 20 to 1 consolidation, the Company would h
--->ave approximately 2,287,417 Common Shares issued and outstanding.  Furthermore, if the board of directors determined t
--->o effect a further 10 to 1 consolidation, the Company would have approximately 228,741 Common Shares issued and Outsta
--->nding.

Upon completion of the Consolidation(s), the Company's transfer agent, Endeavor Trust Corporation, will send a letter 
--->of transmittal by mail to registered shareholders advising that the Consolidation(s) has taken effect. The letter of t
--->ransmittal will contain instructions on how registered shareholders can exchange their share certificates evidencing t
--->heir pre-Consolidation Common Shares for new share certificates representing the number of post-Consolidation Common S
--->hares to which they are entitled. 

No fractional Common Shares will be issued upon the Consolidation(s).  In the event a holder of Common Shares would ot
--->herwise be entitled to receive a fractional Common Share in connection with the Consolidation(s), the number of post-C
--->onsolidation Common Shares to be received by such shareholder will be rounded down to the next whole number if that fr
--->actional Common Share is less than one half (1/2) of a Common Share, and will be rounded up to the next whole number o
--->f Common Shares if that fractional Common Share is equal to or greater than one half (1/2) of a Common Share.
About Encanto:
For additional information about Encanto Potash Corp., review the Company's documents filed on www.sedar.com.
For further information please contact: 
Stavros Daskos, CEO
Email: EncantoShareholderInfo@gmail.com 

NEITHER 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.
Forward-looking Statement Advisory: This release may contain forward-looking statements. Forward-looking statements in
--->volve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or ac
--->hievements of the Company to be materially different from any future results, performance, or achievements expressed o
--->r implied by the forward-looking statements. Forward looking statements or information relates to, among other things,
---> the size, timing and the completion of the Consolidations. These forward-looking statements are based on management's
---> current expectations and beliefs but given the uncertainties, assumptions and risks, readers are cautioned not to pla
--->ce undue reliance on such forward- looking statements or information. The Company disclaims any obligation to update, 
--->or to publicly announce, any such statements, events or developments except as required by law.