Pacific Potash Corporation Completes $2 Million Private Placement Financing

Vancouver, British Columbia - May 23rd, 2013 - Pacific Potash Corporation (TSX-V: PP; OTCQX: PPOTF; FSE: P9P, "the Company") is pleased to announce that the Company has completed, subject to regulatory approval, a non-brokered private placement (the Offering) pursuant to which a total of 20,000,000 units (Units) have been subscribed for at a price of CDN$ 0.10 per unit for gross proceeds of CDN$2,000,000. Finder fees as permissible by Exchange policies will be paid. The Company intends to use the net proceeds of the Offering on exploration of the Company's claims within the Amazonas Potash Basin in Brazil and for general corporate purposes.

The gross proceeds of the Offering, in combination with the previously announced funding will provide Pacific Potash with in excess of $4 million of new capital with which to carry out a comprehensive exploration and drill program later this summer.

Pacific Potash is also pleased to announce that Sino-Canada Natural Resource Fund (Sino-Canada Fund), our cornerstone institutional investor and partner, will have more than doubled their financial commitment from $1 million dollars to in excess of $2 million dollars through the placement. Sino-Canada Fund now will own 22,500,000 shares of Pacific Potash, and a similar number of warrants.

Mr. Balbir Johal, Executive Chairman & Director stated: "Pacific Potash is excited to announce this additional raise in funds, and is looking forward to conducting an exploration and drill program later this summer. We could not have asked for a better partner than Sino-Canada Fund, they have committed to fund Pacific Potash's early stage drilling in Brazil and are in a position to provide mine development capital as required."

Each Unit of the Offering consists of one common share of Pacific Potash (Shares) and one common share purchase warrant (Warrants). Each Warrant entitles the holder to purchase one Share at a price of CDN$ 0.13 for a period of 30 months following the closing date of the Offering.

All securities issued in connection with the Offering will be subject to a four month hold period from the date of issuance in accordance with applicable securities law. The closing of the Offering is subject to receipt of TSX approval.


About Sino-Canada Natural Resources Fund:

Sino-Canada Natural Resources Fund is a Cayman Islands registered private equity fund focused on investments in Canadian listed and private companies that develop and operate natural resources projects (mining, oil & gas, forestry) worldwide. Sino-Canada Fund is managed in Hong Kong on behalf of private and institutional investors from China.

About Pacific Potash Corporation

Pacific Potash Corporation trades on the TSX Venture Exchange under the symbol: PP, as well on the OTCQX under the symbol: PPOTF and on the Frankfurt Stock Exchange under P9P. Pacific Potash is engaged in the exploration and development of the Amazonas Basin Project and the surrounding potash claims targeting the Middle Amazonas Potash Basin, currently the host to multiple new exploration campaigns for potash. The Company also is exploring the Provost Potash Property and the surrounding potash claims targeting the prolific Prairie Evaporite Formation, which is host to multiple conventional and solution potash mines.


On behalf of the Board, Pacific Potash Corporation

Balbir Johal, LL.B
Executive Chairman & Director



For further information, please visit our website at www.pacificpotash.com or contact our V.P of Corporate Communications, Mike Blady:

Mike Blady
Office: 604.895.7446
Email: mblady@pacificpotash.com



Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Caution concerning forward-looking information

This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as "may," "will," "should," "anticipate," "plan," "expect," "believe," "estimate," "intend" and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Pacific Potash in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Pacific Potash's actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon.

Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. Pacific Potash disclaims any obligation to update or revise any forward-looking information or statements except as may be required.