Potash Ridge Corporation ("Potash Ridge" or the "Corporation")
(TSX:PRK)(OTCQX:POTRF) today released its second quarter financial results. 


2014 Q2 Financial Results



--  The Corporation reported a net loss for the second quarter of $2.1
    million ($0.02 per share) compared with a net loss of $0.8 million
    ($0.01 per share) for the second quarter of 2013. $1.0 million of the
    net loss reported in the second quarter was related to an unrealized
    foreign exchange loss incurred. 
--  A total of $2.5 million was incurred on Blawn Mountain Project (the
    "Project") activities in the first six months of 2014 compared with $7.0
    million on Project activities for the first six months of 2013.  
--  The Corporation closed the second quarter of 2014 with cash and cash
    equivalents of $3.7 million and had accounts payable and accrued
    liabilities of $0.8 million.



The Corporation's second quarter unaudited Financial Statements and Management's
Discussion & Analysis are available at www.sedar.com.


Key Project Highlights for the Three Months Ended June 30, 2014



--  In May 2014, the Corporation received approval of its application to
    appropriate the required water rights for the Project.

--  In July 2014, the Corporation received final approval for its Ground
    Water Discharge Permit from the Utah Division of Water Quality for the
    Project.

--  Subsequent to the end of the second quarter, the Utah Division of Oil,
    Gas and Mining approved the Corporation's Notice of Intention to
    Commence Large Mining Operations ("Large Mine Permit"), subject to a 30-
    day public comment period that will end on August 8, 2014.

--  The Corporation is advancing discussions towards securing build-own-
    operate type arrangements for various infrastructure aspects of the
    Project, such as the electricity transmission line, a natural gas
    pipeline, short-line rail and load-out facilities, sulphuric acid plant
    and water treatment plant.



2014 Outlook

Several initiatives are currently underway that are expected to result in the
achievement of various key milestones during the remainder of 2014 and beyond:




--  Following the receipt of the Large Mine Permit, the only major permit
    remaining for the Project site is the air permit. Air monitoring data
    was collected over a one-year period that ended in October 2013.
    Modeling for the air permit application will continue in parallel with
    the feasibility study.

--  The Corporation is currently working on offtake, infrastructure and
    commercial arrangements, in line with the ongoing development of the
    Project.

--  The Corporation is seeking to raise financing to fund its feasibility
    study and for nearer term working capital requirements. The Corporation
    is targeting to complete this financing in 2014. The Corporation
    currently expects that this additional funding will bring the
    development of the Project to the beginning of the execution phase and
    the commencement of detailed engineering, assuming receipt of a positive
    feasibility study. The Corporation is having ongoing discussions with a
    number of engineering companies in relation to the feasibility study.

--  During the quarter, the Corporation continued discussions with various
    distributers and users of SOP in North America, all of which have
    indicated a supply shortage. This supply shortage is expected to
    persist, given limited growth potential using existing SOP production
    processes.

--  The market fundamentals for sulphate of potash ("SOP") continue to be
    very strong. Various studies undertaken by the Corporation's consultants
    have established premiums growers are willing to pay for SOP over
    muriate of potash ("MOP") for certain key crops due to yield benefits,
    and also the market demand potential for SOP in various key markets.
    These studies indicate that the demand growth potential in key markets
    is robust and that growers are willing to pay significant premiums for
    SOP over MOP.
    
    The impact of the supply deficit, and the willingness and ability of
    growers to pay a significant premium for SOP over MOP is evident when
    comparing recent market prices. In North America, average realized SOP
    prices were approximately $703/tonne for the second quarter of 2014. By
    contrast, North American MOP average realized prices were approximately
    $263/tonne during the second quarter of 2014. The average realized price
    for SOP is currently approximately 170% over the average realized price
    for MOP. This is the continuation of SOP pricing trends over several
    recent quarters.

--  The Corporation continues to analyze potential markets for the alumina
    rich material, which will be produced as a by-product of SOP production.
    This alumina rich material may be used as a substitute for bauxite in
    Bayer plants. Revenue from the sale of this material was not included in
    the prefeasibility study. However, subject to positive completion of
    planned test-work, the Corporation intends on including revenue from
    sale of this material in its upcoming feasibility study. Indonesia
    introduced an export ban in January 2014 and this ban is expected to
    create supply deficits for alumina refineries in countries such as
    China. The absence of Indonesia leaves a void of bauxite that cannot be
    filled by existing bauxite producers. 



About Potash Ridge

Potash Ridge is a Canadian based exploration and development company focused on
developing a surface alunite deposit in southern Utah called the Blawn Mountain
Project. It is expected to produce a premium fertilizer called sulphate of
potash and a possible alumina rich by-product.


Located in Utah, a mining friendly jurisdiction with established infrastructure
nearby, the Project is expected to produce an average of 645,000 tons of SOP per
annum over a 40 year mine life. A NI 43-101 compliant Prefeasibility Study
completed in November 2013 by Norwest Corporation demonstrated that the Project
is both technically and economically viable. The Prefeasibility Study, entitled
"NI 43-101 Technical Report Resources and Reserves of the Blawn Mountain
Project, Beaver County, Utah" dated effective November 6, 2013 is available on
SEDAR.


Potash Ridge has a highly qualified and proven management team with significant
financial, project management and operational experience and the proven ability
to take projects into production.


Forward-Looking Statements

This press release contains forward-looking statements, which reflect the
Corporation's expectations regarding future growth, results of operations,
performance and business prospects. These forward-looking statements may include
statements that are predictive in nature, or that depend upon or refer to future
events or conditions, and can generally be identified by words such as "may",
"will", "expects", "anticipates", "intends", "plans", "believes", "estimates",
"guidance" or similar expressions. In addition, any statements that refer to
expectations, projections or other characterizations of future events or
circumstances are forward-looking statements. These statements are not
historical facts but instead represent the Corporation's expectations, estimates
and projections regarding future events. Forward-looking statements are
necessarily based upon a number of estimates and assumptions that, while
considered reasonable by the Corporation, are inherently subject to significant
business, economic and competitive uncertainties and contingencies. Known and
unknown factors could cause actual results to differ materially from those
projected in the forward-looking statements. Such factors include, but are not
limited to: the future financial or operating performance of the Corporation and
its subsidiaries and its mineral projects; the anticipated results of
exploration activities; the estimation of mineral resources; the realization of
mineral resource estimates; capital, development, operating and exploration
expenditures; costs and timing of the development of the Corporation's mineral
projects; timing of future exploration; requirements for additional capital;
climate conditions; government regulation of mining operations; anticipated
results of economic and technical studies; environmental matters; receipt of the
necessary permits, approvals and licenses in connection with exploration and
development activities; appropriation of the necessary water rights and water
sources; changes in commodity prices; recruiting and retaining key employees;
construction delays; litigation; competition in the mining industry; reclamation
expenses; reliability of historical exploration work; reliance on historical
information acquired by the Corporation; optimization of technology to be
employed by the Corporation; title disputes or claims and other similar matters.



If any of the assumptions or estimates made by management prove to be incorrect,
actual results and developments are likely to differ, and may differ materially,
from those expressed or implied by the forward-looking statements contained
herein. Such assumptions include, but are not limited to, the following: that
general business, economic, competitive, political and social uncertainties
remain favorable; that agriculture fertilizers are expected to be a major driver
in increasing yields to address demand for premium produce, such as fruits and
vegetables, as well as diversified protein rich diets necessitating grains and
other animal feed; that actual results of exploration activities justify further
studies and development of the Corporation's mineral projects; that the future
prices of minerals remain at levels that justify the exploration and future
development and operation of the Corporation's mineral projects; that there is
no failure of plant, equipment or processes to operate as anticipated; that
accidents, labour disputes and other risks of the mining industry do not occur;
that there are no unanticipated delays in obtaining governmental approvals or
financing or in the completion of future studies, development or construction
activities; that the actual costs of exploration and studies remain within
budgeted amounts; that regulatory and legal requirements required for
exploration or development activities do not change in any adverse manner; that
input cost assumptions do not change in any adverse manner, as well as those
factors discussed in the section entitled "Risk Factors" in the Corporation's
Annual Information Form (AIF) for the year-ended December 31, 2013 available at
sedar.com. The Corporation disclaims any intention or obligation to update or
revise any forward-looking statements whether as a result of new information,
future events or otherwise, except as required by applicable law.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Potash Ridge Corporation
Niall Murphy
Manager of Investor Relations
416.362.8640 ext. 108
info@potashridge.com