#1BRAZIL POTASH A World-Class Investment in Food Security Corporate Presentation Winter 2023#2Disclaimer This presentation has been prepared by Brazil Potash Inc. ("Brazil Potash", "Potassio do Brasil", "BPC" or the "Company"). The Company is a pre-revenue development stage company. It does not purport to contain all the information that a prospective investor may require in connection with any potential investment in the Company. You should not treat the contents of this presentation, or any information provided in connection with it, as financial advice, financial product advice or advice relating to legal, taxation or investment matters. This presentation does not include all available information in relation to the business, operations, affairs, financial position or prospects of the Company. 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BRAZIL 2 POTASH#3An Asset of Global Food Security Significance Located in Brazil 1 2 BRAZIL POTASH 4 5 M 3: Strong fundamentals for potash global market ■ ■ Long-term demand driven by population growth, increasing caloric consumption, finite amount of land, and nutrient depletion in soils Concentrated supply-side with strong price support and upside potential due to Russia/Belarus issues Brazil is a potash import-dependent market with enormous growing demand Brazil is the largest net exporter of agricultural products & food¹ Brazil has the largest amount of arable land, freshwater and exports >$110 billion² per year of agricultural goods Strong government support to realize project evidenced by release of Brazil's National Fertilizer Plan Unique multi-generational investment opportunity in food security Plan to produce 2.2 million tonnes/year for 23 years³ based on exploration of only 5% of the potential resource Lowest cost position of this essential element due to ore body proximity to Brazilian farmers Near construction-ready with feasibility study, environmental impact assessment, & several permits completed Management and sponsors with proven track record Experienced results-oriented management team to deliver project – former Nutrien, Rio Tinto, Vale, Shell Experienced natural-resource focused investor base Local relationships with some of the largest domestic Brazilian agribusinesses Leading Environmental, Social & Governance (ESG) Profile ■ ~79% Lower Scope 1 (plant) & 2 (energy) Greenhouse Gas (GHG) emissions as compared to potash from Canada ■ One of the first companies in Brazil to conduct Indigenous consultations according to ILO 169 Obtained MSCI ESG rating of "A" which is top quartile Source: Brazilian Confederation of Agriculture and Livestock (CNA) 2021; Notes: (1) As defined by nominal value of exports minus imports in 2019 (2) Brazilian Secretariat of Foreign Trade (SECEX), 2022 (3) Potential to increase to 34 years pending Federal Congressional Approval as additional resource would be on indigenous lands BRAZIL 3 POTASH#4Highlights by The Numbers Brazil Market Operation Financial Highlights 2nd Largest Consumer ~20% of global consumption stems from Brazil Production at Scale ~2.2 Mt/year¹ ~17% of Brazil demand EBITDA ~US$1B Based on mid-cycle prices4 Import Dependent >95% of Brazil's potash demand is imported Low Cost 1st Quartile Delivered cost Peer Valuation ~8.2x Average producer EV/EBITDA multiple Supply Security 102 Days Reduction in delivery time to Brazil farms Low Capital Intensity² ~$1,000/t³ Based on after-tax CAPEX of $2.5B EBITDA Margin >75% EBITDA margin over life of project Sources: CRU, Management Estimates, Technical Report by Ercosplan; Notes: (1) Mt = Million Tonnes (2) Capital Intensity represents total CAPEX investment divided by annual production capacity (3) T = tonne (4) Based on ong-term price and netback forecast from CRU estimates as at August 2022 provided in Real US$ 2021 Values for calendar years 2029 to 2051 with CRU price outlook held constant after 2046, prices adjusted for inflation based on variation of American PPI between July 2021 & July 2022 which was 5.8% BRAZIL POTASH 4#5Strong Management in Sustainability: Track Record 16 Environmental 12 Significant Emissions Savings Support Brazil Decarbonization Brazil Potash is predominantly using electricity ~77% generated by renewables Reforestation Established seed nursery for reforestation intending to plant +1M trees Scientific Partnership Partnership with Universities for the Trans-Amazon Drilling Project² Vaccination Support Social +9,000 vaccinated people in remote regions & +5,000 indigenous benefited Food Support +2,300 food and hygiene baskets for socially vulnerable families Community Support Project infrastructure puts residents on the national electricity grid Avoided Emissions from Displaced Imports ~79% Lower Scope 1 (plant) & 2 (energy) GHG emissions vs. international producers Energy GHG Emissions Avoided³ 1,060,000 t CO₂e/yr Governance Corporate Governance Best market practices governance structure Autazes Sustainable Project Using parameters from SUSTAINABLE DEVELOPMENT GOALS Indigenous Consultation Programs and plans suggested by Brazil Potash according to ILO 169 Avoided journeys Transportation GHG Emissions Avoided⭑ 186,000 t CO₂e/yr Source: Company; Note: (1) Verified by EY (2) The Trans-Amazonian Drilling Project aims to investigate the geological evolution of the Amazon region and the impact of this history on biotic evolution at regional and global scales (3) Producing 2.2 MT Potash/yr with a 2,147,851 MWh energy consumption in Saskatchewan would generate 1,331,668 tCO2 /yr based on 2020 Saskatchewan Emissions Factor while in Brazil would be only 271,488 tCO2 / yr based on 2021 Brazil Emissions Factor (4) Calculated based on equivalent of 2.2 Mtpa of KCI imports arriving in Port of Paranagua BRAZIL POTASH 5#6Potash Fundamentals: A key commodity to sustain the future • Potash 101: An essential nutrient with the lowest environmental footprint Demand Drivers: Crop area & yields need to rise, increasing the need for potash Global Supply & Demand: A large, growing and structurally attractive market Supply Growth Profile: Majority from Russia & Belarus Slides 7-9 7711 G BRAZIL POTASH#7There Are 3 Primary Nutrients: Potash Is The Most Sustainable Agronomic Benefits: Nitrogen (N) Essential to formation of protein, the most consumed nutrient Potash is the name for minerals that help provide potassium for plant growth 90-95% of Potash is used as fertilizer to improve crop resiliency and root strength Potash has the lowest environmental footprint of all primary nutrients Phosphorus (P) Promotes photosynthesis and improves ability for plant to use and store energy Potassium (K) ■ Strengthens plants' ability to resist disease, increases crop yield and overall quality Consumption Production Scope 1 & 2 Emissions Water Consumption Farm-level CO₂e¹ Release Risk to Waterways Source: The Fertilizer Institute; IFA, BHP; Notes: (1) CO2e = Carbon Dioxide Equivalent (2) Assumes MOP (Flotation) Nitrogen Phosphate Potash²✓ BRAZIL POTASH 7#8Crop Area & Yields Need to Rise Increasing The Need for Potash Growing Population Population set to reach 9B people by 2045 Increasing Calorie Consumption Calorie consumption increases with income per capita Requires More Global Crop Production Crop production must increase to meet growing population and calorie consumption 3. Global crop production, billion tonnes 1. Global population, billions 10 9 billion by 2045 2. Average calorie consumption per capita 4.000 Maximum average calorie consumption 14 8 ■South America Rest of the World 12 0.8% 6 CAGR 1.9% 4 2 0 3.000 Average calorie consumption 200 10 8 18% 2.000 Minimum average calorie consumption 6 South America = 9% global production 1992 1995 1998 2001 2004 2007 2010 2013 2016 2019 1.000 2022 2040 2043 1992 1995 420 1961 1965 1969 1973 1977 1981 1985 1989 1993 1997 2001 2005 2009 2013 2017 2021 2025 2029 2033 2037 2041 2045 Crop Areas & Yields Need to Rise Global Yields need to rise from 6.0t/ha in 2020 to 7.2 t/ha in 2045 4. Crop area and yields Crop area, billion hectares (LHA) 1,8 8,0 1,6 1,4 1,2 10 1,0 1992 1995 1998 2001 2004 Crop yield, t/ha (RHA) 2007 2010 2013 2016 2019 2022 2025 2028 2031 2034 2037 2040 2043 7,0 6,0 5,0 40 4,0 Fertilizer is Key to Increasing Yields Strong relationship between crop yields and fertilizer consumption 5. Yield vs Potash consumption relationship 60 50 40 Potash consumption, Mt Ngg 30 Historic relationship 2045 projection ☑ & More Fertilizer is Needed Global fertilizer demand is set to grow from 201.9mmt in 2021 to 247.9mmt in 2045 6. Long term fertilizer demand, Mt 300 250 200 150 100 50 0 0 4,0 5,0 6,0 Global crop yield 7,0 8,0 20 10 ■N Mt ■ P205 Mt 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 ■ K20 Mt 2022 2024 2026 2028 2030 2032 2034 2036 2038 2040 2042 2044 (1) Sources: CRU, USDA, FAO, IFA BRAZIL POTASH 8#9Potash Is A Large, Growing Market With A Concentrated Supply Side Expected Long term Potash Demand Global Potash Supply Profile Million Tonnes of KCI (Mt) 2020-2045 CAGR Million Tonnes (Mt) 28 26 South America Row 3.7% 24 Chile 22 Rest of Asia 2.9% 20 Jordan East Asia 2.5% 18 Israel 16 14 Germany North & 12 Central 0.8% China 10 America 8- Europe & CIS 0.5% Belarus 6 Russia 4 Africa 3.9% 2 Canada 0 Oceania 0.7% 2000 2005 2010 2015 2020 2025 2030 2035 2040 2045 0 10 20 % of Global KCI Exports 3% 1% 4% 6% 6% 0% 22% 20% 39% 30 South America one of largest potash growth regions Brazil is responsible for majority of South American consumption Global demand projected to grow at ~1.7% CAGR³ with the bulk coming from S. America with projected ~3.7% CAGR³ Supply has generally grown at a similar ‘lumpy' rate, leaving periods of time when the market is short Over 40% of world's current potash supply in jeopardy Supply is highly concentrated between 3 nations Together, Russia and Belarus account for the largest portion of exports, globally Punitive Western sanctions will affect trade-flows for an unknown duration of time, boosting operating rates Source: CRU; Notes: (1) Source data in K₂O & converted to KCI at conversion factor of 0.61 BRAZIL 9 POTASH#10Zoom-In on Brazil: The #1 Global Potash Importer Brazil is the largest global importer of potash with nearly no domestic production Brazil's economy is heavily reliant on agri-business & the world is heavily reliant on Brazil Pricing: Brazil Is one of the most valuable markets for potash producers Brazil is in a state of emergency and has introduced national measures to secure agricultural inputs Slides 11-14 7711 BRAZIL POTASH#11World is Reliant on Brazil Agriculture The World Is Heavily Reliant on Brazil for Agricultural Production Availability of Arable Land Hectares (Millions) Brazil Produces Daily Consumables Exports in 2020/2021 400 Orange Juice 74% United States Brazil Coffee 32% Soybeans Southeast Sugar Meat 21% US$110B Poultry 31% Brazil agricultural exports Cotton 23% Corn 17% 50% 51% @<e<e<e<e<< ? + 350 3.8x Growth Potential 303 300 269 250 81 219 200 224 87 48 150 170 138 119 42 16 100 ד 188 83 132 36 50 96 103 79 24 47 0 Brazil USA Russia India China EU Australia Thailand Available Land Land in Use Brazil is the #1 net exporter¹ in the world with >25% of GDP generated by the agriculture sector ...an agricultural powerhouse and integral part of global food supply... ...and Brazil has abundant arable land, fresh water and ideal climate to grow crops to feed the world Source: USDA; FAO; Embrapa, United Nations (UN) World Population Prospects; Notes: (1) As defined by nominal value of exports minus imports in 2019 BRAZIL POTASH 11#12Brazil Is The Largest Global Importer of Potash Highlights Second largest potash market globally >95% reliant on imports for supply of Potash (MOP) Brazil potash (MOP) consumption projected to grow at 5.2% annually to 20261 Brazilian soils require constant potassium replenishment Brazilian MOP Imports by Source (2021) % Germany Other 4% 9% Israel 7% 12.6 Mt Belarus 19% Canada 33% Russia 28% % 2021 MOP Imports by Country Others 18% Europe & CIS 12% 56.2 Mt Indonesia & Malaysia 11% India 6% China 13% Brazil 22% 20 Brazilian Potash Consumption Million tonnes; % 15 10 North America 5 18% Source: CRU, Management; Notes: (1) Based on CRU outlook published May 2022 (2) In 2021 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 National Production 2017 ■ >80% of global consumption is met by imports² ■ 80% of global imports are from Canada, Russia and Belarus Producing countries are exporters Mosaic is the biggest local producer and their mine is projected to close in 2026 due to declining reserves 2018 2019 2020| 2021 2022 National Production 2023 2024 2025 Imports 2026 BRAZIL POTASH 20% 15% 10% 5% 0% 12 12#13Brazil is Vulnerable: National Fertilizer Plan Launched March 2022 AZIL TASH EWES OTTAWA Human Relations Circular Economy ESG New Carbon Market Infrastructure and Logistics Investment Attraction Governance and National and International Relations Scientific and Market Communication and Dissemination Improvement of the Business Environment Science, Technology, Innovation & Sustainability Good Practices and New Sources of Nutrients New Products, Emerging Technologies and Alternative Sources Integration with new market of GN and H2 National Competitiveness of the Fertilizer Chain Taxation and Regulation National Fertilizer Plan - Highlights Intended to reduce dependence on imports from 85% to 45% by 20501 The plan is not about achieving self- sufficiency but autonomy Equilibrium and Price Estimates for Rural Producers P&K Mineral Research, Exploration and Transformation Goals for 2030: Increase domestic production of potash to 2 million tonnes Goals for 2050: Produce 6 million tonnes of potash per Total fertilizer imports and domestic production breakdown per year year Promotion and Financing Million tonnes; % 34 35 33 37 39 42 27% 24% 25% 20% 17% 15% Integration with Global NPK Chains 73% 76% 75% 80% 83% 85% enza Crema Comea d Costa Dias Brazil's former Minister of Agriculture in Ottawa, speaking at the welcome reception hosted by Brazil Potash Corp The National Fertilizer Plan has a potential to benefit Brazil Potash with reduced tax rates and greater access to government-backed funds 2016 2017 2018 2019 2020 2021 Domestic Production Import Source: Federal Government (1) Total fertilizer imports represent total figure inclusive of potassium, nitrogen and phosphate-based fertilizers. Brazil imports >95% of its potash specifically. BRAZIL POTASH 13#14Brazil is Perhaps The Most Valuable Market 1400 1200 1000 800 600 400 200 0 2018 Benchmark Prices, USD/tonne 2019 2020 2021 2022 2023 Vancouver Spot, MOP Standard FOB Brazil Spot, MOP Granular CFR -China Contract, MOP Standard CFR Brazil is a spot market and key global benchmark Brazil is a fragmented market where product is typically sold on short term contract (<1 month) vs. other markets such as China, where there are only five state-approved buyers who negotiate an annual contract Strong crop prices and conflict in Ukraine have led to the highest global capacity utilization since 2005, with little incremental near-term capacity available Brazil should remain tight as supply from Belarus unavailable; and potentially constrained Russian supply Sources: Fertilizer Weekly, World Bank Commodity Markets, Green Markets as at January 18, 2023 BRAZIL 14 POTASH#15Brazil Potash has a strategic asset with defensible cost advantage • Well advanced project to near construction-ready state Experienced management team backed by prominent local shareholders Leading potash producers are rewarded with >8x EBITDA multiples Slides 16-23 7711 G BRAZIL POTASH#16Sustainable Potash Project with Attractive Financial Returns ע Project well advanced to near construction ready state >US$230M raised to date for project development Feasibility study and environmental & social impact assessments completed Majority of the permits in-hand and land mostly purchased Multi-generational scale & option for future growth ■ ☐ 23 years of reserves¹ based on drilling only 5% of the potential basin Shorter inland distances to key fertilizer customers Local relationship with largest diversified Brazil agri-company Project By The Numbers Estimated Reserve Project Life(1) Potash (KCL) Annual Nameplate Production 23 Years ~2.2 Mt Projected Capital Investment to Achieve Full Production (2): Pre-Tax ~US $2.3 Billion After-Tax ~US $2.5 Billion After-Tax Capital Intensity US $1,021/tonne per annum Projected Financials $ Substantial & sustainable cost advantage Lowest all-in delivered cost to Brazil growers Import dependence supports structurally higher margins In-market position enables margin resilience through-the-cycle Revenue Potash Long-Term CFR Brazil Benchmark Price Forecast(3) Opportunity for sustainability leadership and innovation Local potash supply results in ~1.3mt avoided CO2e Plan to sell a portion of production at subsidized rates in exchange for farmer commitment to not burn the Amazon jungle Domestic source of potash helps ensure food security Brazil Potash Estimated Realized Price (FOB Port) OPEX FOB Port At Full Run Rate Income Run-Rate EBITDA(4) ~ US $506/tonne ~ US $543/tonne ~US$87/tonne ~ US $1 Billion Source: Technical Report completed by Ercosplan; Notes: : (1) Potential to increase to 34 years pending Federal Congressional Approval given additional resource would be on indigenous lands (2) Initial Capex Only (3) Long-term price and netback forecast based on CRU estimates as at August 2022 provided in Real US$ 2021 Values for calendar years 2029 to 2051 with CRU price outlook held constant after 2046, prices adjusted for inflation based on variation of American PPI between July 2021 & July 2022 which was 5.8% (4) Based on run-rate production from project years 4 to 20 BRAZIL 16 POTASH#17Construction on Cattle Land Minimizes Impacted Trees Current status of land - primary deforestation occurred decades ago by prior land owners Future vision - underground mine with minimal surface footprint Mine Shafts (2) Processing Plant Road to port BRAZIL POTASH 17#18Experienced Management Team and Sophisticated Shareholder Base Select Executive Team Members Matt Simpson, CEO & Director ■ Former General Manager Mine at Rio Tinto's of Canada managing over $300м/y spend, all operations, maintenance and technical people to safely move >70 Mtpa ■ Worked for Hatch, designing and constructing metallurgical refineries globally Shareholder Base 15% Forbes&Manhattan GRUPO SIMÕES Adriano Espeschit, President ■ Worked for Vale, BHP Billiton in Australia, and Shell Canada with Fort McKay First Nation in Alberta " Implemented Sossego Copper Mine in Pará State and Santa Rita Nickel Mine in Bahia State with Mirabela Nickel CD capital Lúcio Rabello', Head of Environment & Licensing ■ More than 20 years experience in licensing in Amazon State ■ Former president of the Environmental Agency Craig Marchuk², Corporate Development Formerly worked on numerous large-scale, cross-border transactions covering mining, agricultural inputs, clean energy and specialty chemicals with some of the world's largest fertilizer companies Management team with previous experience across major commodity companies: BRAZIL POTASH 30% bemol FOGAS THE SENTIENT GROUP 21% Cap Table Shares Outstanding, Basic Warrants, Options & DSUS Shares Outstanding, Fully Diluted 139M 23M 162M Nutrien Rio Tinto Agrium 8 bhpbilliton Shell BR PETROBRAS CONSOLIDATED THOMPSON VALE Source: Brazil Potash; Notes: (1) Not a named executive officer (2) Ibid BRAZIL POTASH 18#19Strategic Value: Delivered Cost Advantage Illustrative Brazilian Cost Curve¹ Brazil Expenses Inland Transportation Port Costs Ocean Freight Transport to FOB Royalties Production Brazilian Potash Demand BRAZIL POTASH 20% 40% 60% 80% H 100% Autazes anticipated to have the most competitive tonnes to market and significant market share of ~17% Delivered cost to the grower is estimated to be more competitive than the next most competitive tonne and more competitive than marginal cost Source: CRU, Brazil Potash, Integer; Notes: (1) Represents illustrative Rondonopolis delivered MOP costs for MOP arriving in port of Paranaguá and going to Rondonopolis, based on forecast 2027 costs and percentages applied, volumes interpolated from 2017 port data. BRAZIL POTASH 19#20Leading Potash Producers Are Rewarded with >8x EBITDA Multiples EBITDA Scenarios (1) (US $M) Upside Case (3) >$1.5B EV/EBITDA Comparables (As at March 29, 2022) 12 11 10 10,1x 11,9x 2023E 9,5x CFR Brazil US$800/t KCI Base Case(2) CFR Brazil ~US$506/t KCI ~$1B 6 8 7 5,9x 60 5,7x 7,5x 7,0x 5 4 3 ~$350M Downside Case (4) 2 CFR Brazil US$215/t KCI 1 0 Mosaic Yara Intrepid Nutrien ICL Compass SQM 8.2x Financial projections, forecasts or forward-looking statements are based on assumptions or expectations which are believed by management to be fair and reasonable at the time they were prepared and were arrived at after careful consideration. Readers are cautioned that such financial projections, forecasts or forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and contingencies, many of which are beyond management's control. There are a number of factors that could affect the future operations of Brazil Potash including without limitation: changes in demand, industry competition, legislative, fiscal and regulatory developments, economic and financial market conditions including but not limited to the current COVID-19 global pandemic. These factors and risks could cause actual results, performance or events to differ materially from those expressed or implied by the financial projections, forecasts or forward-looking statements available on this website. Source: Management Estimates, Bloomberg; Notes: (1) Illustrative EBITDA figures in Real USD$2022 terms based off run-rate production, inflation factor of 5.8% applied from 2021 to 2022, terminal outlook held constant after 2046 (2) Base Case US$513/t Long-term price and netback forecast based on CRU estimates as at August 2022 provided in Real US$ 2021 Values for calendar years 2029 to 2051 with CRU price outlook held constant after 2046, prices adjusted for inflation based on variation of American PPI between July 2021 & July 2022 which was 5.8% (3) Upside Case based on recent market prices of US$800/t CFR Brazil KCI prices at full run-rate production (4) Downside Case based on using 10-year low CFR Brazil KCI price at full run-rate production BRAZIL 20 POTASH 20#21Enabling Supply Security with Shorter Supply Chain A shorter supply chain means shorter delivery times The total transit time¹ when purchased from Brazil Potash could be 20x shorter Primary Global Potash Routes Illustrative 2030s Cost Curve Autazes Production H₂ Canpotex Purchase Order to Load Vessel 25 Days Sea Freight to Brazil 25 Days Inland Freight Demurrage 2 days Primary KCI Market 11Mtpa+ 55 days BPC Total Canpotex 107 Days Purchase Order to Barge Waterway to Regional Port Inland Freight 2 Days 2 Days 1 Day A 102 Days from Purchase Total Transit Time 5 Days Costs Associated with Import Transport to FOB Ocean Freight Port Costs Source: Integer Research (Sep, 2018); Agroconsult (2016); Notes: (1) Sea freight US$25/ tonne + port & handling expenses of US$33/ tonne; (2) Freight costs US$89/ tonne from Paranaguá port to Rondonópolis; (3) Average time from a potash purchase by Brazilian consumers to receiving it on their property BRAZIL POTASH 21#22Enabling Supply Security by Being Closer to The Customer Brazil Potash typically has a more efficient and shorter inland path to customers than importers Autazes is located only 8km from the Madeira River enabling efficient and reliable transportation to trucks that take product inland to key agricultural regions Brazil State K20 demand, 2020 MOP Imports by Port (2020), Thousand Tonnes Source: IBGE; Embrapa; Note: (1) 2015 520 Vila do Conde 430 Santarem 906 Itaqui BRAZIL POTASH 50 Recife 41 Maceio 522 Aratu 702 Vitoria 2,490 Santos 3,209 Paranaguá 296 Sao Francisco 160 Porto Alegre 1,589 Rio Grande Brazil is over 95% reliant on imports for supply of MOP Over 70% of imports enter via southern state ports. Paranagua receives highest volumes of MOP each year over 3.2Mt in 2020 Most imported MOP delivered from ports to blending facilities by truck. Northern ports increasingly barging product down Amazon tributary Only domestic producer is owned by Mosaic and expected to run out of reserves in 2026 upon which Brazil becomes 100% important dependent Distribution to all customers via waterways and highways BRAZIL POTASH 22#23Autazes Project Detail: Milestone Schedule Key Permits to Start of Operation Preliminary License (LP) Installation License (LI) Current Status Operational License (LO)² Obtained Location, social and environmental approval of the project ■ Awarded by IPAAM1 · Requirements to be fulfilled in the project Permits Completed To Date ✓ Preliminary License (IPAAM / AM) - completed Installation License (IPAAM / AM) - mid 2022 Archaeological Studies Authorization (IPHAN) - completed Archaeological Site Delimitation Authorization (IPHAN) - completed In Progress Provides authorization to initiate construction Obtain by: (i) fulfillment of LP conditions; (ii) approval of the mine development plan (PAE); (iii) and approval of the Basic Environmental Plan (PBA) 76 of required 78 items approved and 77th item being Indigenous Consultation Study submitted Q4 2022 Archaeological Site Rescue Authorization (IPHAN) - completed Final Geological Survey Report (ANM) - completed Mining Decree (ANM) - upon receipt of Installation License Future Grant of Mining Concession by Mining and Energy Ministry ■ Requires inspection of constructed mine and plant to ensure compliance with codes Purchase of building land - key purchases completed Port Authorization (Navy) - upon receipt of Installation License Port Membership Agreement (ANTAQ) - upon receipt of Installation License Source: Brazil Potash; Notes: (1) Environmental Protection Agency of the State of Amazonas; (2) Valid in increments of four to ten years and can be renewed as necessary until end of mine life BRAZIL POTASH 23#24Brazil Potash is a Compelling Investment Opportunity BRAZIL POTASH Food Security Brazil is the largest net exporter of food, has the world's largest amount of land & freshwater A domestic, in-market source of potash helps secure agricultural output and mitigate risk of global food and supply shocks Economics Brazil Potash will be the world's lowest-cost producer of potash to Brazil because of the strategic in- country location ESG There are countless local, national and global benefits to society and the environment that arise from development of Autazes Avoidance of unnecessary transportation emissions & connecting cities to the ~77% hydroelectric grid² are just two of these Recent geopolitical events have highlighted the need for Potash supply security Brazil Potash Corp can be a key part of the Solution Source: FAO, WTO; Our World in Data Notes: (1) As defined by nominal value of exports minus imports in 2019 (2) 2021 per capita electricity mix from fossil fuels, nuclear and renewables BRAZIL POTASH 24 24#25Thank You G BRAZIL 198 Davenport Road, Toronto ON, Canada I www.brazilpotash.com POTASH