Western Potash Corp. Engages Lockwood Financial to Advise on Financial and Strategic Matters

WESTERN POTASH CORP. (the "Company") (TSX Venture: WPX) announced today that it has formally retained Lockwood Financial of Montreal and Mr. John King Burns, Chairman of the Advisory Board of Lockwood Financial, to assist the board of directors and management of the Company in advancing a variety of strategic alternatives designed to fast track the development of the Company's Milestone Potash Development Project in Saskatchewan (the “Project”).  Alternatives currently under review by management and the board include various combinations of debt and equity financing designed to fund capital requirements for pre-feasibility, feasibility and development work on the Project.  Management is also currently in discussions with third parties who have expressed significant interest in participating in the Company and the Project on a basis which may include, but is not limited to, equity and debt financings, joint ventures, takeovers and other types of mergers or "going private" transactions.

Patricio Varas, President and CEO stated "John King Burns brings a wealth of experience from his careers with Drexel Burnham Lambert Inc. and Barclays Bank Plc, Metals Group, and he provides both strategic and tactical advice to management in combination with financial advisory services. Mr. Burns’ expertise in structuring and negotiating complex, corporate, project financing and infrastructure development transactions provides the Company with the ability to be a more capable developer of the Project and a more attractive and nimble participant in the rapidly consolidating potash sector.  We are confident that the strategic process now being executed, with the support of Lockwood and Mr. Burns, will enhance value for the Company’s shareholders."

Mr. Burns provides business management, project debt, capital raising and financial consulting services to companies in the natural resource sector and has served as a director, executive and CEO of banking organizations and for a number of private and public natural resource and technology companies.  Mr. Burns was most recently the interim Chairman and Lead Director of Athabasca Potash Inc. (API:TSX), which was acquired by BHP Billiton.  In addition, Mr. Burns is currently an independent board director of China Gold International Corp Ltd. (CGG:TSX), Chairman of Novadex Ventures Corp. (NDX:TSX.V) and serves on the boards of a number of other private and listed resources companies.

A Preliminary Economic Assessment of the Project, supported by an NI 43‑101 compliant technical report dated July 12, 2010 (and filed on SEDAR on July 16, 2010) indicated that the 41 million tonnes of Measured Resource (contained KCl), 133 million tonnes of Indicated Resource, and 560 million tonnes of Inferred Resource is of sufficient size and grade to support a potash solution mining operation for more than forty years at a production rate of 2.5Mt/yr.

The Project’s Milestone property, which is 100% owned by the Company, is comprised of 500 square kilometers and is located 30 kilometers southeast of Regina and southeast of Mosaic’s Belle Plaine Mine, one of the largest producing potash solution mines in the world.

Western Potash Corp. is a mineral exploration company engaged in the evaluation, exploration and development of potash mineral properties in Western Canada. The Company intends to develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner.

 The in-house qualified persons for the purposes of NI 43-101 guidelines are J. Patricio Varas, P. Geo and Dean Pekeski, P. Geo, both of whom have reviewed and approved the contents of this news release.

For more information on Western Potash Corp.’s projects, please visit the Company’s website at: www.westernpotash.com.

ON BEHALF OF THE BOARD OF DIRECTORS

“J. Patricio Varas”    
J. Patricio Varas
President and CEO

This news release contains Forward Looking Statements regarding our intentions and plans. Forward looking statements in this news release include that it has formally retained Mr. John King Burns to assist the board of directors and management of the Company in considering a variety of strategic alternatives designed to fast track the development of the Company's Milestone Potash Project; that alternatives currently under review by management and the board include various combinations of debt and equity financing designed to fund capital requirements for pre-feasibility, feasibility and development work on the Milestone Potash Development Project in Saskatchewan; that Management is also currently in discussions with third parties who have expressed significant interest in participating in the Company and the Project on a basis which may include, but is not limited to, equity and debt financings, joint ventures, takeovers and other types of mergers or "going private" transactions; that we are confident that the strategic process will, with the assistance of Mr. Burns, enhance value for the Company’s shareholders; that a Preliminary Economic Assessment, supported by an NI43-101 compliant technical report, onthe Milestone Project, indicates that the 41 million tonnes of Measured Resource (contained KCl), 133 million tonnes of Indicated Resource, and 560 million tonnes of Inferred Resourceis of sufficient size and grade to support a potash solution mining operation for more than forty years at a production rate of 2.5Mt/yr.  The forward-looking statements that are contained in this news release are based on various assumptions and estimates by the Company and involve a number of risks and uncertainties.  As a consequence, actual results may differ materially from results forecast or suggested in these forward-looking statements and readers should not place undue reliance on forward-looking statements.  Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices, success and failure of the exploration and development carried out at various stages of the program, and general business, economic, competitive, political and social conditions.  It is the Company’s policy not to update forward-looking statements, except as required by applicable securities laws.

Neither the 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.

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