Western Potash Grants Stock Options and Reports Results of Annual General Meeting

Western Potash Grants Stock Options and Reports Results of Annual General Meeting

Vancouver BC – Western Potash Corp. (WPX: TSX) (FSE: AHE) (“the Company”) has granted a total of 11,240,000 stock options to directors, officers, employees and consultants under its Stock Option Plan at an exercise price of $0.45 per share.  All options will expire in no more than five years from the date of grant.

In addition, the Company is pleased to announce that its shareholders approved all items put before them at the Company’s Annual and Special General Meeting held February 26, 2013.  The items approved include as follows:

  1. The reappointment of A. Chan and Company, Chartered Accountants as auditors at a remuneration to be fixed by the directors;
  2. Setting the number of directors of the Company at 6.  (Subsequent to the AGM, Mr. Yang Yexen, CEO and President of China Blue Chemical Ltd. was appointed to the Board pursuant to the strategic investment that closed June 20th, 2013.);
  3. The election of J. Patricio Varas, Patrick Power, David Hodge, Troy Nikolai, Buddy Doyle and Peter Miles to the Board.  Of the approximately 30.5 million shares voted at the meeting by ballot and by proxy, the approximate number of those votes ‘For’ each director, and the approximate percentage of the total votes cast, are as follows: J. Patricio Varas (26.8 million votes / 95%), Patrick Power (26 million votes / 92%), David Hodge (26.1 million votes / 92%), Troy Nikolai (26.8 million votes / 95%), Buddy Doyle (26.7 million votes / 95%) and Peter Miles (25.9 million votes / 92%);
  4. An ordinary resolution approving the Company’s Advance Notice Policy; and
  5. An ordinary resolution providing for the amendment of the exercise price of insiders’ incentive stock options to $0.50 per share.

About Western Potash

Western Potash Corp. is a development stage potash company focused on building Canada's most efficient potash solution mine. The Company intends to develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. A positive Feasibility Study for the Milestone potash project was completed in December 2012, demonstrating robust project metrics.

ON BEHALF OF THE BOARD OF DIRECTORS

J. Patricio Varas
President and CEO

Cautions Regarding Forward-Looking Statements  

Except for statements of historical fact relating to Western Potash, certain information contained herein may constitute “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to future validity of leases, future financing availability, the Milestone Feasibility Study, timelines for completion of various steps related to the foregoing; and the ability of Western Potash to develop the Milestone Project. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “subject to”, “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Western Potash to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including: the receipt of all necessary approvals; the ability to conclude a transaction; uncertainty of future production, capital expenditures and other costs; financing and additional capital requirements; the receipt in a timely fashion of any further permitting for the Milestone Project; legislative, political, social or economic developments in the jurisdictions in which Western Potash carries on business; operating or technical difficulties in connection with mining or development activities; and the risks normally involved in the exploration, development and mining business. Although management of Western Potash has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Western Potash does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance with applicable securities laws.