Western Potash Corp. Engages UBS as Global Financing Advisor

Western Potash Corp. (WPX: TSX) (FSE: AHE) ('the Company') is
pleased to announce that UBS Securities Canada Inc. ('UBS') has been
engaged to assist the Company in the process of evaluating alternatives
related to securing financing for the development of its 100% owned
Milestone property in southern Saskatchewan, Canada (the 'Project?).

Patricio Varas (CEO and President) commented, 'Now that the Company′s
Feasibility Study for the Milestone Project has been released, our focus
is on identifying and reviewing various alternatives in order to secure
the financial commitments required to proceed with the Project,
including mine construction. We believe Milestone is a compelling
project that′s attracting global attention. UBS brings considerable
experience in arranging and structuring financial solutions for
companies with major capital-intensive projects.?

The Company is pleased to announce the receipt of an updated NI 43-101
Technical Report titled NI 43-101 Technical Report Summarizing the
Feasibility Study for a Potash Solution Mine on the Milestone Project
(Subsurface Mineral Lease KLSA 008), Saskatchewan. The Company
confirms that this Report was filed on SEDAR on January 18, 2013. The
Technical Report includes an updated reserve and resource estimate, and
a summary of the Feasibility Study ('the Study?) that was summarized via
news release dated December 6, 2012. The Study confirmed that the asset
is of sufficient size and grade to support primary and secondary potash
solution mining for more than 40 years at an ultimate production rate of
2.8Mt/yr. The Study reports an after-tax project Net Present Value
('NPV?) of $2.44B CAD, with an Internal Rate of Return ('IRR?) of 18.6 %
assuming a nominal discount rate of 10%.

About Western Potash Corp.

Western
Potash Corp. is a development stage potash company focused on building
Canada's most efficient potash solution mine, with commercial production
expected to commence in 2016. The Company anticipates Environmental
Assessment approval in the first quarter of 2013. The Company intends to
develop a world-class potash deposit in an ecologically sustainable,
economically efficient and socially responsible manner.

The in-house qualified persons for the purposes of NI 43-101 guidelines
are J. Patricio Varas, P. Geo and Dean Pekeski, P. Geo, both of whom
have reviewed and approved the contents of this news release.

There can be no assurance that any financial transaction will occur and
there is no defined timeline for the process. In addition, the Company
does not intend to make any further announcements regarding the process
until the Board of Directors has approved a specific transaction or
otherwise deems that disclosure of developments is warranted.

For more information on Western Potash Corp.′s projects, please visit
the Company′s website at: www.westernpotash.com

ON BEHALF OF THE BOARD OF DIRECTORS

'J. Patricio Varas?

J. Patricio Varas

President and CEO

Cautions Regarding Forward-Looking Statement

This
news release includes certain statements and information that may
contain forward-looking information within the meaning of applicable
Canadian securities laws. All statements in this news release, other
than statements of historical facts, including the likelihood of
commercial mining, the likelihood of securing a strategic partner, the
requirements and potential output of the Project and the ability to
finance future mine development are forward-looking statements. Such
forward-looking statements and forward-looking information specifically
include, but are not limited to, statements concerning: Company plans at
the Project; Company ability to finance the Milestone Project; the
timing of granting of key permits, and, from the Study: the estimated
potash production and the timing thereto; economic analyses; capital and
operating costs; mine development programs; future potash prices; cash
flow estimates; and economic indicators derived from the foregoing.
Generally, forward-looking information can be identified by the use of
forward-looking terminology such as 'intends? or 'anticipates?, or
variations of such words and phrases or statements that certain actions,
events or results 'may?, 'could?, 'should?, 'would? or 'occur?.
Forward-looking statements are based on the opinions and estimates of
management as of the date such statements are made and they are subject
to known and unknown risks, uncertainties and other factors that may
cause the actual results, level of activity, performance or achievements
of Western Potash to be materially different from those expressed or
implied by such forward-looking statements or forward-looking
information, including: the receipt of all necessary approvals; the
ability to conclude a transaction; uncertainty of future production,
capital expenditures and other costs; financing and additional capital
requirements; the receipt in a timely fashion of any further permitting
for the Milestone Project; legislative, political, social or economic
developments in the jurisdictions in which Western Potash carries on
business; operating or technical difficulties in connection with mining
or development activities; and the risks normally involved in the
exploration, development and mining business. Although management of
Western Potash has attempted to identify important factors that could
cause actual results to differ materially from those contained in
forward-looking statements or forward-looking information, there may be
other factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will prove to
be accurate, as actual results and future events could differ materially
from those anticipated in such statements. Accordingly, readers should
not place undue reliance on forward-looking statements and forward
looking information. Western Potash does not undertake to update any
forward-looking statements or forward-looking information that are
incorporated by reference herein, except in accordance with applicable
securities laws.

Western Potash Corp.

John Costigan, (604) 689-9378

VP
Corporate Development