News Column

Verde Potash Announces Results of the 2014 Annual General Meeting of Shareholders

June 24, 2014



ENP Newswire - 24 June 2014

Release date- 20062014 - TORONTO - Verde Potash (TSX: 'NPK') held its Annual General Meeting of shareholders on Friday June 20, 2014 in Toronto, Ontario, Canada and would like to announce the final voting results.

At the AGM, all director nominees listed in the Company's management information circular dated May 14, 2014 were elected as directors of the Company. In addition, shareholders adopted the Directors' Report, the Audited Statement of Accounts and the Auditors' Report for the year ended December 31, 2013 and appointed BDO LLP as auditors of the Company to hold office until the next annual meeting.

At the conclusion of the meeting, President & CEO, Cristiano Veloso, gave a presentation which will be made available on the Company's website at www.verdepotash.com.

About Verde Potash

Verde Potash, a Brazilian fertilizer development company, is focused on advancing the Cerrado Verde Potash Project located in the heart of Brazil's largest agriculture market. Cerrado Verde is the source of a potash-rich deposit from which the Company intends to produce both ThermoPotash ('TK') and potassium chloride ('KCl'). TK is a controlled-release, non-chloride, multi-nutrient fertilizer that is ideally suited for Brazilian soils. In addition, the Company is developing its Calcario limestone project, limestone being a key raw material in the Company's process to produce both TK and KCl.

About the Cerrado Verde Potash Project

Cerrado Verde is a unique project: 1) its high grade potash rock outcrops and is amenable to strip mining, allowing fast construction of a scalable operation; 2) it is located in the midst of the world's third largest and fastest growing fertilizer market; 3) it connects to Brazil's largest fertilizer distribution districts via existing and high quality infrastructure; 4) it has the potential to supply both TK and KCl to Brazil's local agriculture market from its large potash-rich deposit.

Forward Looking Information

This news release contains certain forward-looking information, which includes but is not limited to, statements with respect to the Company's strategy, funding of the Cerrado Verde project, the commercial production of ThermoPotash and KCl, design and building of a Flex Plant, timing and completion of a prefeasibility study, receipt of environmental permits, and the generation of cash flow from Phase 1 of the new strategy.

Forward-looking information involves known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements of the Company to differ materially from the forward-looking information.

Material risk factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, the failure to obtain necessary regulatory approvals, failure to obtain financing on acceptable terms, risks associated with the mining industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), commodity price, demand for ThermoPotash and KCl in Brazil, exchange rate fluctuations and other risk factors set out in the Company's most recently filed Annual Information Form under the heading 'Risk Factors'.

Currently, ThermoPotash is not commercially produced or sold in Brazil. As a consequence, there is no current market for this product. Should commercial demand for ThermoPotash fail to develop, the Company's business model may not be appropriate. Accordingly, readers should not place undue reliance on such forward-looking information.

Material factors or assumptions used to develop such forward-looking information include, but are not limited to, the demand for ThermoPotash and KCl in Brazil, the ability to secure necessary environmental and mining permits, the ability to secure financing, and other assumptions set out in the Company's current technical report. The Company does not currently intend to update forward-looking information in this news release except where required by law.

Contact:

Verde Potash Plc

Cristiano Veloso

President & Chief Executive Officer

Tel: 55 (31) 3245 0205

Fax: 55 (31) 3245 0205

Email: cv@verdepotash.com

www.verdepotash.com

Iwona Zakrzewski

Investor Relations

Tel: (416) 844-7337, (416) 866-2966

Email: iz@verdepotash.com


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Source: ENP Newswire


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