Overview

Athabasca Potash Inc. is a Canadian based corporation and was founded with a goal of establishing itself as a pre-eminent Canadian public company engaged solely in potash exploration and development, and to provide its shareholders with a unique investment opportunity focused entirely on potash.

• Burr Project is the most advanced Green Field Potash Project in Saskatchewan.
• Potash thickness and grade consistent with producing mines in the area.
• Environmental Assessment Program underway including Tailings Management and Site Plan.
• Located in the “sweet spot” of the Saskatchewan Potash Belt, directly adjacent to the north of PCS Lanigan.
• Strong Management Team and Independent Board of Directors.
• API holds 100% interest in 23 permits ( ~1,700,000 acres) of potash exploration permits in Saskatchewan.

Chief Properties

The Burr Project and API’s seventeen other exploration properties are situated in Saskatchewan, Canada, which is the world’s most prolific potash producing area. Saskatchewan has approximately 53% of global potash reserves and the ten potash mines currently operated in Saskatchewan by third parties represent approximately one-third of the world’s potash production capacity. The Burr Project is adjacent to one of the largest operating potash mines in the world, the Lanigan mine, which is owned and operated by Potash Corporation of Saskatchewan Inc.

The Burr Project

The Burr Project is a potash exploration project located 107 kilometres east of Saskatoon, Saskatchewan and is adjacent to PCS’ Lanigan potash mine. API’s exploration permit to prospect for subsurface minerals within the Burr Project covers an area of approximately 75,007 acres (or 30,378 hectares). Six historic drill holes, totaling 6,021 metres in length, were drilled on the Burr Project between 1956 and 1959. Five of these drill holes encountered four horizons — known as ‘‘members’’ — of potash-rich mineralization.

Other Projects

In addition to the Burr Project, API holds exploration permits over seventeen properties in Saskatchewan. In aggregate, API has secured permits covering over 1,500,000 acres (or over 607,000 hectares), which constitutes the second largest mineral permit area relative to other potash companies in Saskatchewan.
API plans to conduct exploration programs consisting of reviewing historical drill core (if available), 2D seismic surveying and new drilling on these and additional projects starting in the summer of 2008.

Management

• Kenneth E. MacNeill – Non-Executive Chairman and Director
• Dawn Zhou – Founder, President, Chief Executive Officer and Director
• James G. Davidson – Chief Financial Officer
• Terry Walbaum – Chief Operating Officer
• Bradley V.A. Fettis – Vice-President Mining
• Kevan Bender – Vice-President Communications and Investor Relations
• James G. Gardiner – Director
• Dr. Edward A. Schiller – Director
• John King Burns – Director
• Gary Billingsley – Director

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