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PPI:TSX.V

Forward-Looking Statements and Forward-Looking Information All statements, other than statements of historical fact, contained in this presentation constitute forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995, and forward-looking information under similar Canadian legislation and are based on the reasonable expectations, estimates and projections of the Company as of the date of this presentation. Forward-looking statements and forward-looking information include, without limitation, possible events, trends and opportunities and statements with respect to possible events, trends and opportunities, including with respect to, among other things, the growth of the phosphate market, global market trends, expected industry demands, the Companys business strategy and investment criteria, the nature of potential business acquisitions, costs and timing of business acquisitions, capital expenditures, successful development of potential acquisitions, currency fluctuations, government regulation and environmental regulation. Generally, forward-looking statements and forward-looking information can be identified by the use of forward-looking terminology such as plans, expects or does not expect, is expected, budget, scheduled, estimates, forecasts, intends, anticipates or does not anticipate, or believes, or variations of such words and phrases or state that certain actions, events or results may, could, would, might or will be taken, occur or be achieved. Forward-looking statements and forwardlooking information are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the company as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The estimates and assumptions contained in this presentation, which may prove to be incorrect, include, but are not limited to, the various assumptions of the company set forth herein. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements and forwardlooking information. Such factors include, but are not limited to fluctuations in the supply and demand for potash, changes in competitive pressures, including pricing pressures, timing and amount of capital expenditures, changes in capital markets and corresponding effects on the companys investments, changes in currency and exchange rates, unexpected geological or environmental conditions, changes in and the effects of, government legislation, taxation, controls and regulations and political or economic developments in jurisdictions in which the Company carries on its business or expects to do business, success in retaining or recruiting officers and directors for the future success of the Companys business, officers and directors allocating their time to other ventures; success in obtaining any required additional financing to make

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target acquisition or develop an acquired business; employee relations, and risks associated with obtaining any necessary licenses or permits. Many of these uncertainties and contingencies can affect the companys actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements and forward-looking information made by, or on behalf of, the Company. There can be no assurance that forward-looking statements and forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. All of the forwardlooking statements and forward-looking information made in this presentation are qualified by these cautionary statements. Although management of the Company 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. The Company 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. This presentation includes estimates of potash potential in the Holbrook basin of east-central Arizona. These estimates are not mineral resources or mineral reserves as defined by NI43-101. These estimates were based on a historical survey completed by the Arizona Geological Survey. The potential quantity and grade or the potash is conceptual in nature, and is based on analysis of drill data and assays from Arkla and Duval completed in the 1960s and 1970s. There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource. Timelines used in this presentation are for the purpose of aiding management in the planning and implementation of the project, and are not based on a detailed assessment of project requirements. Consequently the timelines are subject to material revision based on when technical reports and/or feasibility studies, if any, are completed. Future phases of the project are contingent upon completion of preceding phases. Nothing in this presentation should be construed as either an offer to sell or a solicitation of an offer to buy or sell shares in any jurisdiction.

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PPRTF:OTCQX

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Functions of Potash

Potash is often referred to as the quality nutrient because it helps plants develop strong root systems and retain water, contributing to higher yields and greater resistance to drought, disease and insects. It also improves the taste and nutritional value of food, and, in animals, helps growth, maintenance and milk production.

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18

18.9

0.9 6.6 6.6 9.5 Canada 5.4 1.2 West Europe United States

4.4 11.4 Eastern Europe 6.5 0.8 0 10.4 Middle East India China 2.1

0.6
0 1.5 Africa

Demand Supply

Latin America Brazil

*Numbers expressed in Millions of Metric Tons

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Total US production @1 million tons per annum Total US consumption @ 10 million tons per annum

Michigan
The Mosaic Company
- Hersey

New Mexico
Intrepid Mining, LLC
-Carlsbad -Lea County

The Mosaic Company

-Carlsbad

Utah
Great Salt Lake Minerals
-Ogden

Intrepid Mining, LLC

-Moab

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INTERNATIONAL SHIPPING The Port of Long Beach (POLB) is one of the worlds busiest seaports and is located 550 miles to the west of the project. POLB serves as the leading gateway for trade between the United States and Asia.

POWER Arizona Public Service (APS) operates the nearby 995MW Cholla Power Plant.
ACCESS BNSF railway, Interstate 40 and Highway 180 all intersect the project and provide immediate east-west access to CA and NM. DEPTH Deposit is between 800 and 1400 ft. deep. Considered very shallow by industry standards.

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1st

Qtr 2011 completed 50 line mile seismic survey.

1st Qtr 2011 $10 million private placement

Qtr 2011 Ringbolt land acquisition

2nd

3rd Qtr 2011 30 hole Drill program completed

3rd Qtr 2011 completed additional 50 line mile seismic

4th Qtr 2011 begin additional 11 hole drill program

Q1 2012 NI 43-101 Resource Estimate Anticipated

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Holbrook Project
100 Mile Seismic Program
Drilling to Complete 43-101 Resource NI 43-101 Resource Report Current Drill Program

2011

2012

2013

2014

2015

RESOURCE INVESTIGATION
Q3 2011 Q2 2011 Q1 2012 Q2 2012

ENVIRONMENTAL PERMITTING
Permitting and Licensing

ENGINEERING STUDIES
NI 43-101 Final Report Pre Feasibility Feasibility Mine/Plant Construction Begin Production 2016 (estimated) *The timeline represented here is for the purpose of aiding management in planning and implementation of the Holbrook project, and is not based on a detailed assessment of project requirements. Consequently this timeline is subject to material revision based on when technical reports and feasibility studies, if any, are completed.

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Joshua Bleak, President and CEO/Director - Mr. Bleak is a fourthgeneration miner from an Arizona mining family
that has developed gold, silver, copper and uranium properties throughout the southwestern United States. He was previously President of American Energy Fields, Inc., a U.S. publiclytraded uranium company. Currently he serves as a director for a number of Canadian junior mining exploration companies and is President of North American Environmental Corp., a consulting company specializing in mining project management, permitting, lobbying and land tenure.

David J. Salisbury, Chairman of the Board of Directors/Director Mr. Salisbury has had an extensive career in
the mining industry spanning four decades. Seventeen of those years were working for Rio Tinto. While with Rio Tinto, he served as CEO and President of Resolution Copper Mining as well as President and CEO of Kennecott Minerals Company. Mr. Salisbury was the leader for the Rio Tinto global improvement program, Improving Performance Together. Prior to joining Rio Tinto, Mr. Salisbury served as the President of Cordero Mining Company / Sun Coal Company and was responsible for the operation of the Cordero Mine. He also Served as President and COO of the Al Hamilton Operation Company / Bradford Coal Company.

John Eckersley, Vice President/Director - Mr. Eckersley has been with Passport Potash for two years. He is an
attorney focusing on the areas of corporate and securities law. He served as corporate counsel for HNFC, a boutique consulting firm specializing in corporate strategies, corporate mergers, acquisitions, capital and credit placement accommodations, and in various regulatory compliance filings and registrations. He received his Bachelor of Science, cum laude, and his Juris Doctorate from the University of Utah.

Laara Shaffer, CFO/Secretary Ms. Shaffer was a director of Passport Potash from 1996 to 2012. She is currently a
director of Nordic Gold Corp. and previously served as CFO and director of Compass Gold Corp. from 2007 to 2009.

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Matthew Salmon, Director - Mr. Salmon served as an Arizona State Senator from 1991 to 1995. While in the Senate,
he served as the Assistant Majority Leader and chaired the Rules Committee. From 1995 to 2001 Mr. Salmon represented Arizona in the United States House of Representatives, where he served on the International Relations, Education, Small Business, and Science Committees. He also served for six years on the Helsinki Commission and the Organization for Security and Cooperation in Europe (OSCE) organizations. While in Congress, he led several U.S. Congressional delegations to China to improve trade relations and bilateral relationships. He was the only Member of the U.S. Congress in America's history who speaks Mandarin Chinese.

Ali Rahimtula, Director - Mr. Rahimtula is the president and founder of Transnational Enterprises, Ltd., DBA Transfert
America. Transnational is a member of the Rahimtula Group, an organization that was a pioneer in the fertilizer business in India and which has been an Indian domestic industry leader since the 1960s.

Dennis Ickes, Director Mr. Ickes is an advisor to PPI on Native American issues and was instrumental in helping to
obtain an access agreement with the Hopi tribe on is private lands. He served as UnderSecretary of the Interior in two Presidential cabinets. He also founded the Office of Indian Rights in the United States Department of Justice and served as its Director.

Steve Butrenchuk, Director/Qualified Person Mr. Butrenchuk is the former CEO of Passport Potash. He has 40
years of experience in mining and mineral exploration throughout North America, along with Chile and Peru. He serves as a director and member of the audit committees for several Canadian junior resource companies. He received his Bachelor of Science in 1966 and his Master of Science in 1970 from the University of Manitoba.

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ERCOSPLAN - Independent multinational consulting firm. Provides focused advice and services in all areas of industrial
potash and mineral salt. From exploration, feasibility, mine planning, production, to mine closure. more than half a century of experience in planning and execution of projects in the potash and mineral salt industry. ERCOSPLAN utilizes 125 well educated, highly motivated employees, well versed in their area of expertise. ERCOSPLAN has references in almost any potash or salt producing country worldwide

Jerry Aiken, Depositional Expert- Mr. Aiken has more than 41 years of experience in mineral exploration involving
base metals, precious metals, and industrial minerals with the most recent emphasis on Borates, Potash and Lithium. He has been involved in project generation, geologic mapping, geochemical evaluation, drill program supervision, and regional program management throughout the western United States, Canada, Mexico, South America and parts of Europe. Mr. Aiken worked 29 years for US Borax (Rio Tinto Exploration) in Tucson, Arizona and Valencia, California. Mr. Aiken graduated in 1966 with a Bachelor of Science degree in Geology from Western Michigan University and is a Registered Professional Geologist in the State of Washington, and is a Qualified Person (QP) pursuant to National Instrument 43-101.

Matt Monte, Geologist/Project Supervisor -Mr. Monte is a graduate of Arizona State University and Bradley
University with degrees in Geology (B.S.) and Management and Administration(B.S.). He was the 2010 Arizona Hydrological Society Herman Bower Intern Scholarship Recipient and has practical field experience in base metals and industrials minerals.

James Hasbrouck, Geophysicist/Advisory Board - Mr. Hasbrouck has over 30 years of experience in all aspects of
exploration geophysics including; field operations; data reduction, processing, display, and interpretation; research and development. Mr. Hasbrouck also has extensive knowledge and experience in all major surface, airborne, and borehole geophysical methods including: refraction and reflection seismics; electromagnetics; electrical resistivity and induced polarization; gravity; magnetics; ground penetrating radar; radiometrics.

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To Asia (China, India, Vietnam) Holbrook To South America (Brazil)

Interstate 40
(Route 66)

BNSF Rail line

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POTENTIAL SRK Consulting has estimated a potash exploration potential on Passports lands, based on current drill hole data, ranging between 290 to 315 million metric tonnes K2O (460 to 500 million metric tonnes KCl) using a grade of 2% K2O as a threshold of mineralization. * HOLDINGS Passport has significant holdings within the Holbrook Basin, with current holdings totaling more than 140 square miles and including 42 square miles of private land. EXPLORATION Since 2009 30 new drill holes have been completed on Passports holdings. The data from this new drilling, together with the 100 line miles of 2D seismic survey which have been completed, will be included in a NI 43-101 Resource Report which will also include data from over 100 historic holes that were drilled on Passports holdings by the Arkla and Duval companies in the 1960s and 1970s.

COMPETITION The Holbrook Basin represents the only major potash project in the U.S. not in direct competition with the oil and gas industry. MINING Passport is evaluating its mining options to determine whether solution mining or underground mining would be the most viable form of mining. Year-round mining is possible due to the favorable climate. JURISDICTION Arizona is a mining friendly state and one of the top mining states in the U.S.
*Disclaimer--The exploration potential is not a resource estimate. The potential quantity and grade is conceptual in nature. There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

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Symbols: PPI (TSX.V) PPRTF (OTCQX) Shares Issued: 168.3 M (approx.) Market Cap: $61 M (approx.) Average Daily Volume: 804.8 K (3 months) Cash: $13 M (approx.)

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Potash Juniors

Location

Depth of Deposit

Market Cap

Development Stage

Preliminary Economic

Passport Potash

USA
Ethiopia Canada USA Brazil Canada

243m-450m
100m-300m 1000m-1500m 243m-609m 85m 1000m-1500m

$49.8 M
$164 M $180 M $192 M $221 M $215 M

Pending 43-101
Pre Feasibility Pre Feasibility 43-101 Pre Feasibility Feasibility

N/A
Yes Yes Yes Yes Yes
PPI:TSX.V

Allana Potash Western Potash

Prospect Global

Verde Potash
Karnalyte
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Shallow potash deposit from 800 to 1400

Exploration potential between 460 to 500 MMT KCL*

BNSF rail line borders project

Mining friendly jurisdiction

Climate allows for year round mining

*Disclaimer--The exploration potential is not a resource estimate. The potential quantity and grade is conceptual in nature. There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

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Corporate Office 608,1199 West. Pender St. Vancouver, B.C. V6E 2R1

Operations Office 3346 W. Guadalupe Road Apache Jct., AZ 85120

(480) 288-6530 www.PassportPotash.com Info@PassportPotash.com

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