Resource / Reserve

Agapito Associates, Inc. (AAI) has significant expertise and experience in resource and reserve evaluation and estimation.

AAI has prepared numerous Technical Reports documenting resource and/or reserve estimates compiled according to recognized international reporting standards including National Instrument (NI) 43-101 (Canada), JORC Code (Australia), SAMREC Code (South Africa), and the US Securities and Exchange Commission (SEC).  (Note that in the USA, only Proven and Probable Reserves are reported according to SEC rules.)  AAI staff includes Qualified/Competent Persons (under NI 43-101, JORC and other standards) for potash, sulfur, coal, uranium, molybdenum, trona, nahcolite, and base metals.  AAI is internationally recognized for its expertise regarding potash deposits, especially those for which solution mining will be required, and coal deposits.

43-101 AND JORC TECHNICAL REPORT FILINGS

On March 7, 2014, IC Potash Corp filed with TSX a report titled “NI 43-101 Technical Report, Ochoa Project Feasibility Study, Lea County, New Mexico, USA,” prepared by AAI

On September 30, 2013, Highfield Resources filed with the ASX a JORC-compliant report titled “Javier-Vipasca Potash Project Maiden Measured and Indicated Mineral Resource,” prepared by AAI. An upgrade of the JORC resource estimate for 100% owned Javier Potash Project was re-submitted May 16, 2014. On May 20, 2014, Highfield Resources delivered the PFS for the Javier Project.

On December 15, 2011, Western Potash Corp. filed with TSX a revised report titled “Updated Technical Report Concerning Mineral Resource Estimates Subsurface Mineral Lease KLSA 008 Saskatchewan” prepared by AAI.

On May 20, 2011, New Elk Coal Company LLC filed with TSX a revised report titled “NI 43-101 Technical Report
of the New Elk Mine Project, Las Animas County, Colorado, USA” prepared by AAI.

On December 6, 2010, Kaminak Gold Corporation filed with TSX a report titled “Technical Report Concerning Potash Potential Nonmetallic Potash Leases, Michigan, Kaminak Gold Corp.” prepared by AAI.

On October 12, 2010, Potash One filed with TSX an updated report titled “Technical Report 2010 Reserve Assessment for Subsurface Mineral Permit KP 289, Saskatchewan” prepared by Agapito Associates, Inc. (AAI) and North Rim Exploration Ltd. (NREL).

On August 6, 2009, Raytec Metals Corp. and Encanto Potash Corp filed with TSX a report titled “Updated Technical Report Concerning Subsurface Mineral Permit Application KP 441, Langham Area, Saskatchewan” prepared by AAI.

On July 7, 2008, Potash North Resource Corporation filed with TSX a report titled “Technical Report Concerning Report to Prospect for Subsurface Minerals KP 416 and KP 417, Yorkton, Area, Saskatchewan” prepared by AAI and NREL.

On April 7, 2009, Transit Holdings Ltd. filed with the Australian Securities Exchange (ASX) a JORC-compliant report titled “Paradox Basin Potash Project Report Exploration Target Estimate for Transit Holdings Ltd” prepared by AAI.

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Project Summaries & Publications: Resource / Reserve