ASX Announcement

7 January 2014

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COMPANY DETAILSABN: 62 147 346 334

PRINCIPAL AND REGISTERED OFFICE Potash West NL

Suite 3

23 Belgravia Street

Belmont WA 6104


ANALYST COVERAGE: ARROWHEAD REPORT

Arrowhead recently released a commissioned due diligence and valuation report covering Potash West. To view a copy of the report, please visit our website at www.potashwest.com.auunder Investor Centre - Research Reports.

For further information contact:

POSTAL ADDRESS

PO Box 588

Potash West NL:

Media:

Belmont WA 6984

W www.potashwest.com.auE info@potashwest.com.auP +61 8 9479 5386

F +61 8 9475 0847

ASX CODE

PWN

CORPORATE INFORMATION (7 January 2014)

94M Ordinary shares

4M Unlisted options

8M Listed options

BOARD OF DIRECTORS Adrian Griffin

(Non-Executive Chairman)

Patrick McManus (Managing Director) George Sakalidis

(Non-Executive Director)

Gary Johnson

(Non-Executive Director)

Patrick McManus Professional Public Relations:

Managing Director Colin Hay

Tel: +61 (08) 9479 5386 Tel: +61 (08) 9388 0944 info@potashwest.com.au

Web: www.potashwest.com.au

About Potash West
Potash West (ASX:PWN) is an exploration company focused on developing potassium-rich glauconite deposits in West Australia's Perth Basin. The Company aims to define a
substantial resource base and investigate how best to recover potash from the mineral. The project is well situated in relation to infrastructure, with close access to rail, power and gas. A successful commercial outcome will allow the Company to become a major
contributor to the potash and phosphate markets at a time of heightened regional demand.
The Company has a major land holding over one of the world's largest known glauconite deposits, with exploration licenses and applications covering an area of 2,700km2. Previous exploration indicates glauconite sediments are widespread for more than 150km along strike and 30km in width. Current JORC compliant Indicated Mineral Resources stand at 241Mt at 3.0% K2O, including 120Mt at 4.6% K2O amenable to processing by the K-Max process and 90Mt at 2.65% P2O5 of phosphate mineralisation.

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