0 PPL

Disclaimer Except for historical information, this presentation contains forward-looking statements, which reflect the Company's current expectation regarding future events. These forward-looking statements involve risks and uncertainties, which may cause actual results to differ materially from those statements. Those risks and uncertainties include, but are not limited to, changing market conditions, and other risks detailed from time-to-time in the Company's ongoing filings. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events in this presentation might not occur. MagMinerals – Company Presentation Sep

Primefield Potash Hydroelectric Developments (Zungeru) Forest Products (Eucalyptus) (FROC) Primefield Potash Project (PFP) 100% 62% Pre-IPO 2

FEDERAL REPUBLIC OF NIGERIA – ATTRACTIVE FOR INVESTMENT Federal Republic of Nigeria  Location of Prime field Potash project  Single party dominance, stable country  Population: over 170 Million people  Major multinationals (TOTAL, Chevron-Texaco, ENI) operating uninterrupted for ~30 years PPL Experience in the Federal republic of Nigeria  22-year operating history in the FRON (licensed in 2011)  Senior management with deep roots in the country/continent  Junior non-government employer through PPL Forestry 3

Potash Market Dynamics Global potash consumption to grow 14 MM tonnes/yr by 2020 Higher crop demand from population growth and biofuels Global grain restocking and potash catch-up are drivers India/China have official policies to increase potash use Most new capacity controlled by major producers (2011+) PRIMEFIELD POTASH NIGERIA has one of the only investable near-term production plays outside of the majors Potash Price Forecast (Brazil CFR) Source: Resouce Investing News Current: US$600 – US$1,000 per tonne (June. 2008) 4

Key Potash Market: Nigeria consumption is over 1.5mm tons / yr Brazil 3 rd largest importer of potash 4.4mm tons/yr Strong potash demand globally /limited supply 1 Source: Fertecon % MM Tonnes/yr (+ 59% ) vs

Prime field Potash Location Advantages Shortest shipping distance to Africa Countries, Brazilian, and Asia 6

FOB Pointe-Noire Build-up for Brazil sales $66 Net Realized Price Advantage vs. Cana. Notes: Freight and related costs include shipping, storage, stevedoring, insurance, LC charges, technical losses and inspection costs. Freight and related costs based on management estimates. Free on Rail - Saskatchewan $780 FOB Vancouver Price $820 Free on Rail – Primefield Potash Facility ~$846 Freight and related costs – PN to Brazil ($54) CFR Brazil pricing $900 Rail and Handling to Vancouver ($40) Freight and Related Costs – VCR to Brazil ($80) 7

Primefield Potash in Context 8

Primefield Potash Plant Design Proven technology from leading equipment manufacturer (HPD) Same process as Dead Sea Works facility (Israeli Chemicals) Current process in commercial operation since early 1980’s Scale Model:  Phase I in Blue  Phase II in White 9

PPL Potash Assets Video

Snap shot of the Primefield Potash Project  600,000 tpy potash plant  Feasibility study Feb/16  Debt financing Sep/16  Construction start Oct/16  US$60+MM development costs spent to date  Construction US$723MM  Includes Phase II infrastructure  Mid 2018 Description Status/ Targeted Timing Construction Cost Estimate Production Start-up PhasePhase I  Target debt-to-equity of 70:30 Project Financing  600,000 tpy expansion  NI updated in August 2015  Final feasibility H  Technical feasibility update (June 2015) indicates US$423 MM  Late 2019 – Early 2020 Phase II  Target debt-to-equity of 70:30 11

Blue Chip Project Team Feasibility study  One of the leading groups of engineering and construction companies in the world  Active in 100 countries worldwide  Potash marketing / off-take  International grain and fertilizer trader with 1,100+ employees  Leading position in Brazilian market  Sells 10 million tons of fertilizer, 3 million tons of grain and sizeable petrochemical and metal volumes annually  Crystallization equipment  Global leader in evaporation and crystallization technology  Over 650 installations in 30+ countries  Veolia Environnement subsidiary, world’s largest environmental company  Financial project advisor  Nº6 in the banking industry (‘Global 2000 Forbes’ 2007)  Operates in over 85 countries and has 162,700 employees 12

Blue Chip Project Team E+PC  Engineering Procurement Contracting Management  E+PC is part of the publicly-listed AVENG group located in Johannesburg, South Africa  AVENG is the largest EPCM contractor in S.A. with over 30,000 employees and extensive project experience in Africa  Construction Management  A leading construction, engineering, procurement and development company  140,000+ employees; emphasis on the Middle East and Africa ERCOSPLAN  Solution Mining Experts  Long-term support contract with access to experts for reserve evaluation, solution mining technology and operations NORBERT GRÜSCHOW  Solution Mining Expert  MagMinerals Advisory Board  Chief technology advisor, solution mining, preproduction and commercialization  Mentor and trainer of junior resources  Manage cavern development R&D plan  3 year commitment 13

Exclusive Rights to Significant Resource Discovery historically ( ) 11 Production conventional ( ) 12 Proven and Probable Reserve Life 600k tpy) 120 years Inferred Reserves (KCl) xxxx MMt Proven & Probable Reserves (KCl) xxx MMt Mineral Exploration Area = 1,472 km 2 Exploitation Permit = 215km 2 Resource Report 14

Low Cost Operation Transportation cost advantages – Only 680km to 10 acre port site – Shortest sailing distance to Africa countries, to Brazil and others Low cost energy access – 25-year power supply agreement in documentation stage – Allows low cost, short construction time solution mining application Positive labour conditions – Available low cost local labour – Strong reputation through PrimefieldForestry Potential for best economics in the industry 15

Exploration license secured Accomplishing Milestones Exploration License Secured $101MM Financing on Ecpected CEO Joins Team Off-take Agreement Strategic Investors Fund $105MM Energy Supply Update of Reserve Estimate Construction Progress Finalize Potash Investment Agmt Listing of Shares on TSX $101 million for Primefield JV Minerals ($4.00 per share) 5% dilution penalty if public- listing not met by Oct. 3, 2015 Broad institutional participation Construction deposit, site prep, and $25MM loan repayment April

CEO joins the team With International experience Participated or led in build-out of large industrial projects in various countries Holds 3 masters degrees (science, engineering, business), speaks 5 languages and has lived in 4 countries Accomplishing Milestones Exploration License Secured $101MM Financing Completed CEO Joins Team Off-take Agreement Strategic Investors Fund $105MM Oct 1, 2015 Energy Supply Update of Reserve Estimate Construction Progress Finalize Potash Investment Agmt Listing of Shares on TSX 17

Z Co.awarded exclusive 12-year potash marketing agreement  Governs the sale of 1.2MM tpy of potash (both Phases) Z Co. announces a $70MM strategic investment ($5.00/sh) Announced $35MM strategic investment by the president of a top FRON construction firm ($12 MM cash + $23MM paid-in-kind) Both strategic expected to contribute to success of project Accomplishing Milestones Exploration License Secured $101MM Financing Completed CEO Joins Team Off-take Agreement Strategic Investors Fund $105MM Nov 27, 2015 Power/Energy Supply Update of Reserve Estimate Construction Progress Finalize Potash Investment Agmt Listing of Shares on TSX 18

Official minutes outlining power/energy supply understanding between FRON government, x Co and PPL Formal supply agreement with X Co in drafting Pipeline construction started Accomplishing Milestones Exploration License Secured $101MM Financing Completed CEO Joins Team Z Co Off-take Agreement Strategic Investors Fund $105MM Power/Energy Supply Dec 2015 Update of Reserve Estimate Construction Progress Finalize Potash Investment Agmt Listing of Shares on TSX 19

Accomplishing Milestones Exploration License Secured $101MM Financing Completed CEO Joins Team Z Co Off-take Agreement Strategic Investors Fund $105MM Natural Gas / Power Supply Ercosplan provided update of reserve report (released Jan 2016) Update of NI Reserve Estimate Site earthworks preparation started Long lead time items contracted All major purchasing packages being prepared Construction Progress Gas, rail and port agreements complete Water & construction permits ESIA agreement Potash Investment Agreement Filed preliminary prospectus in Canada on Jan, 2016 Listing of Shares Update of Reserve Estimate Construction Progress Finalize Potash Investment Agmt Listing of Shares on TSX 20

NPV Sensitivity to Pricing Current NPV Assumptions* Discount Rate:12.0% Terminal Value:7.5x EBITDA Terminal Year:2035 NPV per Share$31.85 Sensitivity to Potash Pricing* Pricing assumptions: Resource News 21 *Assumes $82 MM Phase I equity offering at $5.00/share and $160 MM Phase II offering at $12.00/share.

Primefield Potash Ownership 22 PPL JV Industries 96,000, % Z Marketing Co 14,000, % Q Construction Co. 7,000, % Other Investors 25,000, % Employee Options 10,500, % Total 152,750, % Pre IPO Shares %

Investment Highlights  Pure play exposure to attractive potash sector  Exclusive rights to large potash carnallite deposit  Strategic location relative to high demand potash end-markets  Proximity to high-capacity port with existing rail capabilities  Significant input and operating cost advantages  Blue chip project team of engineers, contractors, equipment providers and financiers  Construction to begin in H  Senior management with deep roots in the country/continent  Compelling valuation with well-defined growth potential 23