Mr. Mehdi Azodi reports

IC POTASH SHAREHOLDERS APPROVE SETTLEMENT

At IC Potash Corp.'s special meeting on Oct. 12, 2017, over 50 per cent of shareholders attended in person or by proxy and a special majority of voting shareholders approved the special resolution authorizing the transfer all of the issued and outstanding common shares of Intercontinental Potash Corp. (USA) back to ICP (USA) in return for up to $15-million (U.S.) in accordance with the terms and conditions of the definitive agreement as outlined in the circular. The company will now proceed toward completing the settlement in accordance with the terms of the definitive agreement. The company anticipates closing by Oct. 16, 2017.

The settlement resolution was approved by 99.54 per cent of the 119,884,879 votes cast by company voting shareholders, present in person or represented by proxy at the special meeting of shareholders held on Oct. 12, 2017. The company has therefore satisfied its shareholder approval requirements in respect of the settlement resolution, being approval by not less than 66-2/3rds per cent of the votes cast by company voting shareholders.

"The strong voting support in favour of the settlement clearly demonstrates that the shareholders recognize this important opportunity to move forward," said Mehdi Azodi, president and chief executive officer of IC Potash.

Company voting shareholders also approved resolutions to reapprove the stock option plan of the company to ratify and approve the amendment to bylaw No. 1 to permit uncertificated shares and the special resolution approving the amendment of articles of incorporation of the company to change the name of the company from IC Potash to such other name as the board of directors, in its sole discretion, deems appropriate. The stock option plan resolution was approved by 98.34 per cent, the bylaw amendment resolution was approved by 98.55 per cent and the name change resolution was approved by 99.25 per cent of the 119,884,879 votes cast by company voting shareholders, present in person or represented by proxy at the meeting. The company has therefore satisfied its shareholder approval requirements in respect of each of the stock option plan resolution, the bylaw amendment resolution and the name change resolution, being approved by not less than 50.01 per cent, 50.01 per cent and 66-2/3rds per cent, respectively. In addition, the company has confirmed that no shareholders exercised dissent rights in connection with the settlement resolution.

About IC Potash Corp.

IC Potash has previously demonstrated a method to make sulphate of potash from the Ochoa polyhalite deposit in southeast New Mexico in which it has an interest and is currently examining ways to become a low-cost fertilizer producer. The current review of the Ochoa project's existing feasibility study is being extended to determine a viable positive economic path to the production of direct application polyhalite. The Ochoa project has access to excellent local labour resources, low-cost electricity and natural gas, water, rail lines, and the Port of Galveston, Tex. The Ochoa project's landholdings consist of nearly 90,000 acres of potassium prospecting permits and mining leases issued by the U.S. Bureau of Land Management and State of New Mexico.

We seek Safe Harbor.