Potash One's portfolio of exploration permits covers a total of 515,000 acres in Saskatchewan's potash-rich basin, northwest of Regina, which presently supplies approximately one-third of the global demand for this essential food-growing nutrient. This includes the 100% owned 97,240 acre Legacy Project which has an NI 43-101 compliant Measured and Indicated Mineral Resource of 251 million tonnes of KCl and an Inferred Mineral Resource of 852 million tonnes of KCl. The Legacy Project is adjacent to the largest producing solution potash mine in the world (Mosaic's Belle Plain).

Potash One has over $40M in the treasury to see the Legacy Project through a bankable feasibility study on the project.

An updated NI 43-101 Report (May 14, 2009) expands and upgrades the estimated resources on the 97,240 acre project to:

      - 29 Mt of Measured potash resource
      - 222 Mt of Indicated potash resource
      - 852 Mt of Inferred potash resource

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During the Resource Confirmation drilling program, Potash One drilled six holes totaling more than 9,000 metres. The Company also carried out approximately 271 linear kilometres of 2D seismic and approximately 73 square kilometres of 3D seismic surveys. The 2008-2009 Potash One drilling program and 3D seismic survey focused exclusively on the southern area of the KP-289 lease. The southern target area has the potential for expansion to the west, north, and east.

Management believes that the solution mining methodology offers a competitive edge by being scalable, with lower capex costs and quicker timeline to production than hard rock operations. Solution Mining is the use of water or hot water to dissolve a desired mineral from a geological ore zone into a solution through directional or vertical boreholes or abandoned underground mine workings. It is also less disruptive to the environment than conventional mining operations.

SNC Lavalin has been commissioned to conduct a pre-feasibility study on the Legacy Project, which is expected to be completed by Q2 2009.

Potash One's early entry into the potash industry in 2005 has positioned shareholders to benefit from growing global demand for food, feed, biofuels, and the reduction of arable land-all fundamental trends reinforced by the increasing global wealth and population.

President and CEO Paul Matysek has assembled a world class solution mining operational team who have significant experience in building and operating solution mines. For more on the operational team please click here.

Potash One Inc. is a Canadian Company.