Investor Presentaiton

Potash Company Comparison Company Country Status Resources (measured) Exploration Target# Market Cap (Undiluted) Small Market Cap Elemental Minerals Western Potash Country Rep of Congo Canada Status Exploration Exploration Deposit Mt Target Mt# 170-300* USD million 290 Potash One Canada Athabasca Potash Canada Mag Industries Rep of Congo Pre - Feas Pre - Feas Development 41 29 154 379 299 Indicated Taken over by BHP for 324 mill 151 Reserve 130 USD Producers Agrium Inc Potash Corp Country Canada Canada Status Producer 08 Prod Mt billion 2.0 13.9 Producer 9.0 46.2 ELEMENTAL MINERALS LIMITED 20 20

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