Western Potash Files Circular Seeking Shareholder Approval of Corporate Restructuring

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 15, 2017) - Western Potash Corp. (TSX:WPX)(FRANKFURT:AHE) (the "Western", "the Company") is pleased to announce that it has filed a management information circular (the "Circular") and related proxy materials in advance of the annual and special meeting of shareholders of Western Potash to be held on Thursday, March 9, 2017 at 10:00 a.m. (Vancouver time) (the "Meeting") to seek approval of, among other things, the Arrangement (as defined herein). The Circular is now being mailed to shareholders of Western Potash to provide them with information about the proposed Arrangement.

On February 1, 2017, the Company announced a corporate restructuring whereby Western Resources Corp. ("Western Resources"), a BC corporation created by Western Potash for the purposes of the Arrangement, will acquire all of the issued and outstanding common shares of Western Potash on the basis of 0.2 of a Western Resources common share for each Western Potash common share. The Arrangement is expected to be completed by way of a statutory plan of arrangement under the Business Corporations Act (British Columbia).

Annual and Special Meeting

The special meeting of shareholders of the Company is scheduled to be held at 10:00 a.m. (Vancouver time) on Thursday, March 9, 2017 at Suite 1400, 1111 West Georgia Street, Vancouver, British Columbia, Canada. At the Meeting, the shareholders will be asked, among other things, to consider and, if deemed advisable, pass a resolution approving the Arrangement (the "Arrangement Resolution"). To be effective, the Arrangement Resolution must be approved at the Meeting by at least 66 2/3% of the votes cast on the Arrangement Resolution by the shareholders of Western Potash present in person or represented by proxy and entitled to vote at the Meeting.

Your vote is important regardless of the number of shares you own. Shareholders are encouraged to read the Circular and related proxy materials in detail. An electronic copy of the Circular and related proxy materials are available on SEDAR under the issuer profile of Western Potash at www.sedar.com. It is anticipated that the transaction will close in March 2017.

Reasons and Benefits of the Arrangement

The Western Potash Board believes that the proposed corporate restructuring can result in an optimal corporate structure for the Company. Western Potash wishes to be able to pursue investment opportunities in other resource properties. The Western Potash Board believes that, by making Western Potash a wholly-owned subsidiary of Western Resources and Western Resources acquiring additional resource properties in other separate wholly-owned subsidiaries of Western Resources, it will facilitate its ability to consider and implement alternative value enhancing opportunities.