American Potash Announces Closing of First Tranche of Private Placement

Vancouver, BC - American Potash Corp. (CSE:KCL) has successfully closed the first tranche of its non-brokered private placement. This was achieved through the issuance of 16,160,000 units at $0.05 per unit, resulting in gross proceeds of $808,000. Each unit comprises one common share of the company and one common share purchase warrant. These warrants allow holders to acquire an additional share at $0.10 until August 23, 2026.

Haywood Securities Inc. received a 7% finder's fee, totaling $50,960 in cash and 1,019,200 non-transferable broker warrants, which align with the terms of the issued warrants. All securities from this placement are subject to a statutory hold period until December 23, 2024.

An insider of the company participated in the private placement, which qualifies as a related party transaction under the Multilateral Instrument 61-101. The net proceeds will be used for permitting and working capital.

For further information, contact Dean Besserer, President & CEO at deanb@americanpotash.com or 780-916-5782.