Passport Potash Inc fka PPI

[JimLahey]

New Holbrook Site Visit Video

Just posted this over on the OTC board, but figured it should be on both...

PPI's Holbrook Basin was the subject of the latest In The Field site visit video, hosted by Al Korelin. Includes interviews with geos, management, and more.

Watch The Video Here

[isxtrader]

Here, check out this comment that was posted on 321gold.

http://www.321gold.com/editorials/moriarty/moriarty040512.html

[kiwisteve]

Passport Potash Announces New NI 43-101 Compliant Mineral Resource of 713.4 Million Tonnes Which Includes an Indicated Mineral Resource of 125.6 Million Tonnes

Company Announces Investor Conference Call Today at 11AM Eastern Time to Summarize Report

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 2, 2012) - Passport Potash Inc. (TSX VENTURE:PPI)(OTCQX:PPRTF) ("Passport" or the "Company") is pleased to announce the receipt of a NI 43-101 compliant mineral resource estimate by ERCOSPLAN Ingenieurgesellschaft Geotechnik und Bergbau mbH (ERCOSPLAN), a consulting and engineering firm, specialized in the potash and salt industry, headquartered in Erfurt, Germany, for its Holbrook Basin property in Northern Arizona. This initial resource estimate consists of 125.6 million tonnes of indicated mineralized material with an average KCl grade of 14.29% (equivalent to an Indicated Resource of 17.96 million tonnes of KCl) and 587.8 million tonnes of inferred mineralized material with an average KCl grade of 12.20% (equivalent to an Inferred Resource of 71.71 million tonnes of KCl). It is important to note that at present the estimated resources cover only about 40% of the Company's current holdings. ("Passport Property").

In the opinion of ERCOSPLAN, the investigated part of the Passport Property contains sufficient resources to justify further expenditures of funds to expand and upgrade the present Indicated and Inferred resource, to start work on a (pre-) feasibility study to identify the best mining method, verify the economical feasibility of the project and to eventually transform the Indicated and Measured Resources to reserves in compliance with NI 43-101.

Indicated resources occur within a radius of 1,000m of an investigated Passport drill hole and Inferred resources occur within a radius of 2,000m of an investigated Passport drill hole, minus any indicated resources in this area.

A summary of the Indicated and Inferred Mineral Resource within the state and private holdings areas is presented in Table 1.
Resource Area
(km2) Horizon
Thickness
(Metres) Average
KCl
Grade
(%) Mineralized
Mass
(*MMT) KCl
Mass
(*MMT)
Indicated Resources 22.52 3.03 14.29 125.62 17.96
Inferred Resources 112.31 3.17 12.20 587.76 71.71
(*millions of metric tonnes)

Generally, the deposit is divided into three potash beds dominated by Halite with appreciable amounts of Sylvite (up to 50%) and Carnallite locally (up to 20%), while subordinate amounts of Anhydrite and Insolubles occur. The single beds are separated by relatively low grade mineralized beds dominated by Halite.

In their report ERCOSPLAN recommends an additional drill program consisting of 15 additional wells. The recommendation is designed to further expand the indicated and inferred resource as well as to confirm the continuity of the deposit.

Passport is currently in the process of fulfilling the drilling recommendations from ERCOSPLAN. A portion of the wells have already been completed and will be sent to SRC Geoanalytical Laboratories for full analysis. Drill results will be released to the market on a hole by hole basis when completed.

The Company anticipates that it will commence a preliminary economic assessment of the Holbrook Basin Project as soon as the current definition phase is completed. The preliminary economic assessment will aim to conceptualize the viability of a potash mining operation within the Holbrook Basin. The assessment will place particular focus on quantifying the expected benefits of the shallow depth of the deposit as well as the extensive pre-existing infrastructure.

The President and CEO of Passport Potash, Joshua Bleak was very pleased with the initial resource report commenting, "We are very happy with the initial resource calculation that we have received from ERCOSPLAN. The initial resource is based on only 40% of our total land holdings, so there is great optimism in the future expansion of our resource. We are currently following the recommendations from ERCOSPLAN and drilling the targets that were identified in the report. We look to include that data in a future NI 43-101 resource update. We look to begin our preliminary economic assessment shortly as our next step."

To view the report in its entirety click here http://passportpotash.com/pdf/report.pdf.

The Passport Potash management team is also pleased to announce that it will be hosting a conference call today at 11AM Eastern time to discuss the highlights of the NI 43-101 Report as well as other ongoing corporate activities. A Question & Answer Session will follow the discussion. The Conference call will be readily available on Passport's website within 24 hours. Please dial the following number depending on geographic location:
Canada & USA Toll Free Dial In: 1-800-319-4610
Outside of Canada & USA call: 1-604-638-5340
Switzerland Toll Free Dial In: 0800-802-457
United Kingdom Toll Free Dial In: 0808-101-2791

Callers should dial in 5 - 10 min prior to the scheduled start time and simply ask to join the call.

Stephen B. Butrenchuk, P. Geo, P.Geol., Director of Passport, is the Qualified Person as defined in National Instrument 43-101, who has reviewed and approved the technical content of this news release.

About Passport Potash Inc.

Passport Potash Inc. is a publicly-traded corporation engaged in the exploration and development of advanced potash properties with its major focus on a previously explored potash property in Arizona. Passport has acquired a strategic position in the Holbrook Basin with land holdings encompassing over 81,315 acres. For more information on our company, please visit www.passportpotash.com.

On behalf of the Board of Directors of Passport Potash Inc.

Joshua Bleak, President

Forward-Looking Statement

This news release includes certain statements that may be deemed "forward-looking statements". Forward-looking information includes, but is not limited to: statements with respect to the effect and estimated timeline of the drilling and assay results on the Company; the estimation of mineral reserves and mineral resources; the timing and amount of estimated future exploration; costs of exploration; capital expenditures; success of exploration activities; permitting time lines and permitting; government regulation of mining operations; potential future expansion of the PFNP; environmental risks; unanticipated reclamation expenses; and title disputes or claims. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". All statements in this release, other than statements of historical facts, including the likelihood of commercial mining and possible future financings are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include: unsuccessful exploration results; changes in metals prices; changes in the availability of funding for mineral exploration; unanticipated changes in key management personnel and general economic conditions. Mining is an inherently risky business. Accordingly the actual events may differ materially from those projected in the forward-looking statements. For more information on the Company and the risks and challenges of its business, investors should review the Company's annual filings that are available at www.sedar.com.

Neither 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.

Contact Information

Passport Potash Inc.
Peter J. Kletas
Manager of Corporate Development
866-999-6251-Toll Free
[e-mail]

Passport Potash Inc.
Clive Mostert
Corporate Communications
780-920-5044
[e-mail]
www.passportpotash.com

[SPARK]

Frisky?~

[SPARK]

For me it's a little expensive right now..but keeping an eye on it~

[ariadndndough]

spark
have not followed passport at all, but do own allana and plains creek. whats your thoughts on passport??

its hard for me to buy anything else but allana

dough

[Yawn]

Thank you for straightening me up Sparkie....

[SPARK]

There are plenty of boards on iHub for the lonely..here however just the facts: Huge potential!~

[Yawn]

anybody here?

[ramplead]

N43-101 should be out Sept. From my source.

[DudeBug]

My Dad lives in Northern Arizona and owns a lot of land in Holbrook so he takes the weekly paper to keep up with the news. Yesterday he said there was an article discussing the affect this potash basin project could have on that area so I told him I'd look into this stock to get some info.

Just looking for any best guess projections or thoughts from someone or anyone who has been following this for a while.


Here's a link to the Holbrook online article regarding the affect this mining could have on it's community. One thing it mentions is the quality of the potash in the Holbrook Basin.

It was approximately three years ago that the Arizona Geological Survey brought to light the potential of a vast reserve of potash within the Holbrook Basin. Since that time, Passport Potash, one of three companies exploring the possibility of mining the area, has begun to receive feedback on core samples indicating that the potash in the region is not only abundant, but also of a high grade. That, in addition to the rising demand for potash, means that Holbrook and the surrounding communities may be in line to experience an economic boon in the near future.

http://www.azjournal.com/2011/07/13/potash-mining-set-to-aid-area-growth/



TIA

[Yawn]

Drill results are here!!!!



Press Release Source: Passport Potash Inc. On Monday June 20, 2011, 8:30 am
VANCOUVER, BRITISH COLUMBIA--(Marketwire - 06/20/11) - Passport Potash, Inc. (TSX-V:PPI - News)(OTCQX: PPRTF) is pleased to report preliminary results from two core holes that have intersected significant potash deposits at relatively shallow depths in the Holbrook evaporite basin. According to chemical assay results obtained from Skyline Laboratories in Tucson, Arizona, PPI2011-04 ("Core 1") intersected 9.5 feet (1463.0-1472.5 feet) of 12.29% KCL which includes a 4.0 foot (1465.5-1469.5 feet) interval containing 18.28% KCL. PPI2011-6 ("Core 2") intersected 7.5 feet (1437.5-1445.0 feet) of 11.93% KCL within which includes a 2.5 foot (1439.0-1441.5 feet) interval containing 24.34% KCL.

Passport Potash President and CEO Joshua Bleak commented: "We are very pleased with the drill results we have received. These results are consistent with what we believed the deposit would be like based on the extensive historic data from this area of the basin and similarities to the deposit currently being mined in Carlsbad, New Mexico. Ultimately, the NI-4301 report will define the nature and extent of our resource. We are looking forward to the release of our initial resource report and further drill results in the coming weeks."

About the Holbrook Potash Project

[Yawn]

Passport President Joshua Bleak commented: "We are very pleased to have Mr. Ickes join our team as an advisor. His expertise will be instrumental in creating mutually beneficial relationships with the tribes that are neighbors to the Holbrook Basin Project."


BLAST OFF!!!!


Nah, not really...

[JimLahey]

Site Visit Video @ PPI's Holbrook Basin

[divaintraining]

Good morning all

First time posting here, usually post at stockhouse but I was doing some research and then found this site. News is out last night about Passport partnering with Ringbolt...

VANCOUVER, BRITISH COLUMBIA, Mar 28, 2011 (MARKETWIRE via COMTEX News Network) --
Ringbolt Ventures Ltd. (TSX VENTURE: RBV)(FRANKFURT: 3OZ) ("Ringbolt") has entered into an agreement with Passport Potash Inc. ("Passport") for the exploration and development of Ringbolt's Holbrook Basin potash property in Arizona.

The Holbrook Basin is potentially underlain by 3,500 square miles of salt beds, 600 square miles of which are also underlain by a potash bed. The Ringbolt Arizona permits contain 15,994.32 acres in what appears to be part of the thickest part of the Basin, where the salt has in the past been measured at being 600 feet thick. It is believed that the potash bed lies at the top of the salt sequence, at depths of 700 to 2,000 feet, shallow enough to possibly mine using underground mining methods. The relatively shallow depths of these occurrences should lend its self towards a much larger recovery of the potash ore if compared to the Saskatchewan mines that are operated at far greater depths.

Pursuant to the option agreement, Passport may exercise the option to earn a 90-per-cent interest in the property by making cash payments in the total of $1.0-million (U.S.) over a three-year period (
.7-million (U.S.) net to Ringbolt), incurring a total of $2.25-million (U.S.) in work expenditures on the property over three years and issuing four million common shares to the optionors over a three-year period (2.8 million shares net to Ringbolt). Upon fulfilling the terms of the option, Passport has the right to purchase the remaining 10-per-cent interest for $5.0-million (U.S.) ($3.5 million (U.S.) net to Ringbolt). The optionors shall be entitled to a 1-per-cent gross overriding royalty on the production from the property (0.7% net to Ringbolt). The option agreement is subject to the approval of the TSX Venture Exchange.

Derrick Strickland, PGeo, a qualified person under National Instrument 43-101, has approved the technical content of this news release.

Simon Tam, the president of Ringbolt Ventures Ltd. stated, "The joint venture between Passport and Ringbolt marks a significant milestone for both companies. The combined landholdings in the Holbrook Basin, achieve a critical mass for future development. Ringbolt looks forward to working with Passport to achieve this development."

On behalf of the Board of Directors


Ringbolt Ventures Ltd.

Simon Tam, Director

[kiwisteve]

Passport Potash Inc. Finalizes Cooperative Agreement with Hopi Tribe

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 14, 2011) - Passport Potash Inc. (TSX VENTURE:PPI) is pleased to announce that it has finalized a cooperative agreement with the Hopi Tribe. Portions of Passport's Holbrook Basin potash project are adjacent to land privately owned by the Hopi Tribe (not reservation land). The agreement sets up a cooperative arrangement between Passport and the Hopi Tribe, giving Passport access across the privately owned Hopi lands to conduct exploration activities, while allowing the Tribe to share in Passport's study results.

Passport President Joshua Bleak commented: "The success of any major project will be bolstered by developing working relationships with the community. Finalizing this cooperative agreement with the Hopi Tribe is an important step in that direction, and we look forward to a productive relationship with the Tribe. We believe that cooperation with the communities, tribes, and landowners in the Holbrook Basin is key to the success of the project and will create win-win outcomes for all parties involved."

About Passport Potash

Passport Potash Inc. is a TSX-listed resource company engaged in the exploration and development of advanced potash properties. Passport has acquired a strategic position in the Holbrook Basin with land holdings encompassing over 70,000 acres. For more information regarding the Holbrook Basin, see http://www.azgs.az.gov/arizona_geology/Summer%2008.pdf.

On behalf of the Board of Directors

PASSPORT POTASH INC.

Joshua Bleak, President

This news release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, including the likelihood of commercial mining and possible future financings are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include unsuccessful exploration results, changes in metals prices, changes in the availability of funding for mineral exploration, unanticipated changes in key management personnel and general economic conditions. Mining is an inherently risky business. Accordingly the actual events may differ materially from those projected in the forward-looking statements. For more information on the Company and the risks and challenges of its business, investors should review the Company's annual filings that are available at www.sedar.com.

Neither 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.

For more information, please contact
Passport Potash Inc.
Peter J. Kletas
Corporate Communications
Toll Free: 866-999-6251
[e-mail]
www.passportpotash.com

http://www.marketwire.com/press-release/Passport-Potash-Inc-Finalizes-Cooperative-Agreement-with-Hopi-Tribe-TSX-VENTURE-PPI-1410676.htm



.

[Yawn]

Former Deputy Under-Secretary of the Interior Appointed as an Advisor of Passport Potash, Inc.Font size: A | A | A6:55 PM ET 3/11/11 | Marketwire
Passport Potash, Inc. (TSX VENTURE: PPI) is pleased to announce the appointment of Dennis Ickes as an advisor to the Company. Mr. Ickes is an internationally known lawyer, legal scholar, trial attorney and business leader. He has served as Deputy Under-Secretary of the Interior in two Cabinets, and founded the Office of Indian Rights in the United States Department of Justice where he served as its Director. Mr. Ickes advises and assists private enterprise and Indian tribes in converging unique tribal capabilities with private capital and technical expertise to create new sources of revenue for tribes and investment opportunities for private capital. Mr. Ickes holds BA and JD degrees.

Passport President Joshua Bleak commented: "We are very pleased to have Mr. Ickes join our team as an advisor. His expertise will be instrumental in creating mutually beneficial relationships with the tribes that are neighbors to the Holbrook Basin Project."


BLAST OFF!!!!

[kiwisteve]

Passport Potash Inc. Commences Trading on OTCQX
Mar 01, 2011 09:31 ET

Passport Potash Inc. Announces Progress on Exploration Program and Additional Land Holdings
Feb 14, 2011 13:05 ET

Passport Potash Inc. Grants Incentive Stock Options
Feb 11, 2011 09:30 ET

Passport Potash Inc. Closes Financing
Feb 04, 2011 09:30 ET

http://www.marketwire.com/mw/search.do?params=&grpSearch=C&companyid=77290

[NeomRocket]

Missed this one by a few hours...parabolic...

[SPARK]

Vrooooom!~

[NeomRocket]

Thanks Max! I was looking at A before and should have pulled the trigger then. I have no pm capabilities...

[NeomRocket]

Thanks, just trying to narrow it down.

[SPARK]

I like the sector~

[NeomRocket]

Hello Spark, I've just starting looking at potash juniors (for long-term) including Passport and wonder what your thoughts are on Passport, Encanto, Allana, etc.....TIA

[SPARK]

Lookie good~

[SPARK]

Sector is only getting hotter~

[kiwisteve]

Passport Potash Inc. Contracts with Zonge International to Complete 50 Line-Mile Seismic Survey on the Holbrook Potash Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 2, 2011) - Passport Potash Inc. (TSX VENTURE:PPI) ("Passport") is pleased to announce that it has engaged Zonge International. The planned 50 line-mile seismic survey at the Holbrook Basin site is presently in progress.

The results of the seismic survey will be used in evaluating geologic, stratigraphic and structural information for the Holbrook Basin, augmenting Passport's ability to assess of the predictability, thickness, and continuity of the potash horizon and the mapping of possible faults and other geologic structures within those units of primary interest. This information will be included and utilized in the NI 43-101 report being prepared by SRK Consulting.

Commenting on the seismic survey, Passport president Joshua Bleak stated, "Retaining Zonge to perform the seismic survey will greatly bolster our understanding of the Holbrook Basin potash deposits, and will carry our exploration efforts to a level not yet realized in the Holbrook Basin. The results of the seismic survey together with the results of our ongoing drilling will produce a characterization of the potash deposits that will be a key step in moving towards resource development."

On behalf of the Board of Directors

PASSPORT POTASH INC.

Joshua Bleak, President

This news release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, including the likelihood of commercial mining and possible future financings are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include unsuccessful exploration results, changes in metals prices, changes in the availability of funding for mineral exploration, unanticipated changes in key management personnel and general economic conditions. Mining is an inherently risky business. Accordingly the actual events may differ materially from those projected in the forward-looking statements. For more information on the Company and the risks and challenges of its business, investors should review the Company's annual filings that are available at www.sedar.com.

Neither 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.

For more information, please contact
Passport Potash Inc.
Corporate Communications
Toll Free [phone] or [phone]
www.passportpotash.com


http://www.marketwire.com/press-release/Passport-Potash-Inc-Contracts-with-Zonge-International-Complete-50-Line-Mile-Seismic-TSX-VENTURE-PPI-1389565.htm

[SPARK]

Damn thing is frisky!~

[elmacanuck]

PPI.V getting some love on the CDN side today.
Bids were stacked pretty good.
Good luck
elmacanuck

[SPARK]

Come on down~

[SPARK]

Holding nicely~

[SPARK]

Nice action~

[TA4U]

Annotated chart with target:
http://chart-service.blogspot.com/2010/11/for-sh_17.html

[SPARK]

Nice news= Nice day!~

[kiwisteve]

Daily/weekly chart @ 0.14

[kiwisteve]

Passport Potash Inc. Announces Drilling at the Holbrook Potash Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 17, 2010) - Passport Potash Inc. (TSX VENTURE:PPI) is pleased to announce that it has engaged Boart Longyear M & E Drilling Services to lead a drilling program on Passport's Holbrook Basin Potash Project. Drilling is scheduled to begin in December and Passport plans to include all of the drilling data in an NI 43-101 compliant resource evaluation. Passport has selected strategic locations to conduct the drilling program for the potential to further delineate and expand the potash resource on Passport's state sections as well as beginning to outline the potash potential of the Twin Buttes Ranch.

Boart Longyear has vast drilling experience and has been the lead drilling company for Potash in the Holbrook Basin. Passport has received the necessary permits from the Arizona Oil and Gas Commission and from the Arizona State Land Department to proceed with the drilling. The drilling will be a combination of reverse circulation and diamond core drilling, with the primary focus of coring the entire potash horizon utilizing a Boart Longyear core drilling rig. This horizon will then be surveyed with downhole geophysical tools recording gamma ray and density measurements, the industry standard for potash exploration.

Passport is continuing negotiations with the Karlsson Group Inc. to negotiate the terms of a Definitive Cooperative Agreement (the "DCA") in which Passport and Karlsson outline plans to jointly develop a potash resource. By combining holdings, Passport and Karlsson have over 120 sections of state and private lands which total nearly 80,000 acres.

About the Holbrook Potash Project

The Holbrook Basin is located in an area with excellent infrastructure and is known to contain a 600 square mile potash bed in the Permian Supai Formation as documented by the Arizona Geological Survey (AGS) Open File Report 08-07. The potash bed was drilled and delineated in the 1960s and 1970s by Duvall Corporation and Arkla Exploration. Due to low potash prices in the 1970's the Holbrook Basin potash bed was not developed after discovery.

The Company also announces it has granted 2,352,500 incentive stock options to directors, employees and consultants at a price of $0.10 for a 5 year term.

On behalf of the Board of Directors

PASSPORT POTASH INC.

Stephen B. Butrenchuk, President

This news release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, including the likelihood of commercial mining and possible future financings are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include unsuccessful exploration results, changes in metals prices, changes in the availability of funding for mineral exploration, unanticipated changes in key management personnel and general economic conditions. Mining is an inherently risky business. Accordingly the actual events may differ materially from those projected in the forward-looking statements. For more information on the Company and the risks and challenges of its business, investors should review the Company's annual filings that are available at www.sedar.com.

Neither 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.

For more information, please contact
Passport Potash Inc.
Stephen B. Butrenchuk
President
[phone]
[phone] (FAX)
www.passportpotash.net

http://www.marketwire.com/mw/search.do?params=&grpSearch=C&companyid=77290


.

[SPARK]

Volume~

[moneyshotstocks]

PPI, 2 million shares traded so far.

[moneyshotstocks]

Anyone keeping an eye on PPI? I just saw the news out on their LOI for the property in the Holbrook Basin. Looks good at the .06 cent level, let's see how high this goes.

[zoobadooba]

news is coming soon. accumulation is happening again. time for the next leg up to the mid .20's

[danno555]

wow huge day for the potash sector!

[JUST 10-11-12]

Strong buy!

[db7]

huge white candle today on very nice vol-

[SPARK]

Nice and easy does the job~

[db7]

hit .10 .. nice bid at .09

[SPARK]

Sneaking up..~

[db7]

.085 close.. chart shaping up nicely

[SPARK]

Some nice action here last week~

[up2tee]

Hearing news by the weekend, first of next week at the latest.
I wish I had a nickel for everytime I heard that! lol!

[db7]

from SH,
Passport Potash oversubscribes financing


2010-06-16 17:53 ET - News Release

Ms. Laara Shaffer reports

PRIVATE PLACEMENT UPDATE

Passport Potash Inc.'s non-brokered private placement of four million units at five cents announced in Stockwatch on May 27, 2010, has been oversubscribed by $50,000. Each unit will consist of one common share and one full warrant exercisable at 10 cents for a period of two years.

Proceeds will be used for working capital.

The foregoing is subject to regulatory approval