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Laguna Verde) First Potash Corporation (TSXV:FSP) / (OTCBB:SALTF) Company Presentation – March 2013 . Company Overview . Recent Corporate Developments . Corporate Strategy: Long-Term / Short-Term . Management Team & Board of Directors Company Overview First Potash Corporation (“FPC”) is engaged in the business of acquiring, exploring, and developing properties throughout the Western Hemisphere that contain Potash (for fertilizer). Company is incorporated in British Columbia, Canada, with headquarters in Tucson, Arizona, USA. Trades as TSXV:FSP and OTCBB:SALTF / OTCQB:SALTF . FPC has a portfolio of ten Brine Salar properties (not hard rock) in the Atacama Region of Chile, that cover a cumulative area in excess of 22,000 hectares and have the potential to produce Potassium, Lithium, and other important minerals from surface lakes and subsurface brines. These Brine Salar properties are among the lowest-cost property types to extract Potash from in the world. FPC has an NI 43-101 resource estimate(1) for one of its ten properties (Laguna Verde). – Average Potassium (K) grade of 4,881mg/liter; 4,223,134 metric tons of Potassium Chloride equivalent – Average Lithium (Li) grade of 212.40 mg/liter; 512,960 metric tons of lithium carbonate equivalent (1) NI 43-101 Technical Report filed on SEDAR on June 14, 2010 First Potash Corp. (TSXV:FSP) / (OTCBB:SALTF) Recent Corporate Developments First Potash Corporation (fka Pan American Lithium) enters the Canadian and U.S. public markets January 2010 . Strategy was to commercialize Lithium from its Brine Salar projects in Chile First Potash Corporation files an NI 43-101 initial inferred resource estimate for Laguna Verde project June 2010 . Average Potassium (K) grade of 4,881mg/liter; 4,223,134 metric tons of Potassium Chloride equivalent Event dramatically lowered . Average Lithium (Li) grade of 212.40 mg/liter; 512,960 metric tons of lithium carbonate equivalent the equity value of First Potash Corp. and other POSCO invests $1.5M into First Potash Corp. Lithium focused companies September 2011 . POSCO is $22.7B mkt cap (KOSE:A005490)/(NYSE:PKX) multi-industrial conglomerate from S. Korea operating in Chile . FPC is 1 of 2 companies to receive an investment in Chile from POSCO Chile's Government Announces Lithium Commercialization Process September – . Executive Branch announced the first concession, Legislative Branch declared it null and void October 2012 . No headway until after November 2013 elections . No issues with commercializing Potash (for fertilizer) First Potash Corp changes name and business focus . Management team puts forth strategy to commercialize same properties seeking to develop Potash November 2012 (for fertilizer) assets . Changes name from Pan American Lithium to First Potash Corp. Switches ticker symbols from TSXV:PL to TSXV:FSP / OTCBB:PALTF to OTCBB:SALTF FPC was the first company in Chile to rapidly shift focus to developing Potash (for Receives commitment for $2.5M JV Financing fertilizer) . MINEX VII entity to earn-in 45% ownership of Salar de Atacama as funding comes in . Salar de Pedernales is 1 of 10 properties (5,100 of 22,000 hectares) January 2013 . Non-dilutive (to public vehicle) financing . Capital to be deployed to getting an NI 43-101 out of this property . Shows investor faith in new strategy / core assets of the Company Fundamental investors continue to see value in FPC’s Brine Salar properties First Potash Corp. (TSXV:FSP) / (OTCBB:SALTF) Corporate Strategy Long-Term Strategy . Attract Key Strategic Off-Take Partner to Finance Production – Targets include major fertilizer companies in the U.S., China, Brazil and India, as well as commodity investment firms globally Short-Term Strategy . Move existing portfolio of assets closer to commercialization – FPC is going to focus on raising capital (through equity at the public company level or Joint-Ventures) to move certain key projects forward, specifically what it has designated as its Tier I projects, the Laguna Verde, Salar de Pedernales, and Laguna Brava properties. (see pages 27 – 29 for more property details). Realign equity value with existing asset value – FPC will be actively looking to share its story with investors who will appreciate the global Potash / Fertilizer opportunity, and its existing asset base of low-cost of production Brine Salar properties. First Potash Corp. (TSXV:FSP) / (OTCBB:SALTF) Management Team & Board of Directors The management team of FPC remains committed to building a world-class junior-mining company focused on bringing critical mineral resources to the world markets and building long-term shareholder value. FPC’s management team has experience in property exploration, as well as legal and financial management within a public company environment. Andrew Brodkey – CEO and President . Former Managing Director of International Mining & Metals Group of CB Richard Ellis, Inc. (NYSE:CBG); responsible for over $100M in asset purchase/divestiture transactions. Served as VP and General Counsel of Magma Copper Company, (NYSE:MCU) acquired by BHP Billiton Ltd. (ASX:BHP) for $3.5 billion in 1996 merger. Became VP of Business Development for one of their divisions, BHP Copper where he was responsible for managing company’s portfolio of mining assets, both new mining acquisitions and asset divestitures. Former Attorney specializing in natural resource and environmental law at Denver-based law firm of Gorsuch, Kirgis, Campbell, Walker and Grover. B.S. in Mining Engineering (with distinction) from University of Arizona; J.D. (cum laude) from Creighton University. Dr. David Hackman – Vice President of Exploration . Geologist with 35+ years of experience specializing in leachable metal deposits. Former geologist for Exxon Mobil Corporation (NYSE:XOM) and Alcoa, Inc. (NYSE:AA). Served as VP of Exploration for Mercator Minerals Ltd. (TSX:ML), current Market Cap. of $500M. Former VP of Exploration for AZCO Mining, where he helped to discover the Piedras Verdes Property (copper in Mexico) later sold to Phelps Dodge Corp. Deposit is in production via Frontera Copper Corp. (TSX:FCC). First Potash Corp. (TSXV:FSP) / (OTCBB:SALTF) Management Team & Board of Directors (continued) Frank Garcia – Chief Financial Officer . Mr. Garcia has over 20 years of experience in senior financial management with international companies. Prior to joining the Company, Mr. Garcia served as VP of Administration for the U.S. division of CEMEX, S.A.B. de C.V. (NYSE:CX), a Mexico-based global leader in construction materials and aggregates mining. He previously served as Director of Finance for a division of Misys plc, a privately-held British software firm focused on banking and healthcare computing. Mr. Garcia holds a BSBA in Business Administration from the University of Arizona. Dr. Tim Lowenstein - Member of Technical Advisory Committee . Dr. Lowenstein has 25+ years of experience in sedimentology and is considered an expert in Brine Salar geology and geochemistry. He is the author of 70+ peer-reviewed papers and 100 conference presentations, and has served as associate editor for the journals, Geology, and the Journal of Sedimentary Research. He currently serves as a Professor in the Department of Geological Sciences and Environmental Studies at the State University of New York (Binghamton). BA in Geology from Colgate University and a Ph.D. in Geology from Johns Hopkins University. First Potash Corp. (TSXV:FSP) / (OTCBB:SALTF) Management Team & Board of Directors (continued) Dr. Ronald Richman - Independent Director and Member of Technical Advisory Committee . Co-Director of Arid Land Sustainable Bio-Energy Institute at the University of Arizona . Dr. Richman is a former senior executive with IBM, where he was E-Business Program Director, where he lead a team that focused on Business Development and Strategy for Fortune 1,000 companies. Dr. Richman received a Bachelor of Science from New York University, an MBA from the Wharton School (University of Pennsylvania), and received his Doctorate and Master degrees in Chemistry at the University of Colorado. Dr. David Terry - Independent Director and Member of Technical Advisory Committee . Dr. Terry has over 20 years of experience in the resource sector focused primarily on exploration for a wide spectrum of mineral deposits throughout North and South America. He is a former Senior Vice President of Exploration with the Grosso Group, a privately-held company that provides management services to several public and private companies focused on mineral exploration in South America. He currently serves as a Board of Director of several companies managed by them, including Golden Arrow Resources Corp. (TSXV:GRG) (Silver/Argentina), and Blue Sky Uranium Corp. (TSXV:BSK) (Uranium/Argentina). Dr. Terry has a long history of working in Senior Project Management, Property Development, and Exploration and Geologist positions with public companies, including: – Former VP Exploration of a company (Silver/Argentina) acquired by Kobex Minerals, Inc. (TSXV:KXM) – Former Senior Project Geologist with Boliden AB (OM:BOL) (Base-Precious Metals/Canada/Chile/Sweden) and a company previously acquired by it. – Former Project Geologist with a company (Gold/Alaska) acquired by Teck Resources Ltd. (TSX:TCKB) . Dr. Terry is a Ph.D. geologist from the University of Western Ontario and has a P. Geo. license in the Province of British Columbia, and is a Qualified Person under NI 43-101. First Potash Corp. (TSXV:FSP) / (OTCBB:SALTF) . Investment Highlights o FPC Properties: Brine Salars in Chile o
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