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Passport Potash Inc. Updates Current Drilling Program

Passport Potash Inc. Updates Current Drilling Program

VANCOUVER, BRITISH COLUMBIA, Dec. 15, 2010 (Marketwire) -- Passport Potash Inc. (TSX VENTURE:PPI) is pleased to announce that it has completed the first drill hole of its 2010 drill program. This hole represents the first exploration for potash within the boundaries of the Twin Buttes Ranch in more than 45 years. Potash was intercepted in this hole and has been confirmed by both visual inspection and by downhole geophysical logging.

This hole is located within the Twin Buttes Ranch in an area where there has been no previous drilling. Upon completion of drilling and logging, the hole has been converted into a producing water well. Water is present in the well and will be used in the ongoing drill program at a considerable cost saving to the company. The company has also set up a field office at the well site and this area will now serve as a base of operations from this point forward.

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Passport Potash Inc. Announces Drilling at the Holbrook Potash Project

Passport Potash Inc. Announces Drilling at the Holbrook Potash Project
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 17, 2010) - Passport Potash Inc. (TSX VENTURE:PPI) is pleased to announce that it has engaged Boart Longyear M & E Drilling Services to lead a drilling program on Passport's Holbrook Basin Potash Project. Drilling is scheduled to begin in December and Passport plans to include all of the drilling data in an NI 43-101 compliant resource evaluation. Passport has selected strategic locations to conduct the drilling program for the potential to further delineate and expand the potash resource on Passport's state sections as well as beginning to outline the potash potential of the Twin Buttes Ranch.

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Passport Potash Signs Letter of Intent for Holbrook Basin Potash

Passport Potash Signs Letter of Intent for Holbrook Basin Potash

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 27, 2010) - Passport Potash Inc. (TSX VENTURE:PPI) ("Passport") is pleased to announce that it has signed a Letter of Intent ("LOI") with the Karlsson Group, Inc. ("Karlsson"), a corporation which holds and controls over 45 sections covering nearly 29,000 undeveloped acres of state and private lands in the Holbrook Basin to explore for and develop potash. Under the terms of the LOI, Passport shall exclusively negotiate with Karlsson for a 30 day period to jointly develop a Definitive Cooperative Agreement ("DCA") which shall detail the exploration and development of potash acreage. Also under the terms of the LOI, Passport and Karlsson shall jointly develop a plan of operation to conduct seismic surveys, land acquisition, drill core holes, and ultimately prepare a NI 43-101 compliant resource. Finally, Karlsson will escrow $100,000 which funds, upon the execution of a DCA, shall be applied towards leasehold expenses.
Steve Butrenchuk, President of Passport, commented, "We look forward to a partnership between Passport and Karlsson whereby we'll jointly control approximately 122 sections of state and private lands which cover almost 79,000 gross undeveloped acres. Karlsson has immediate access to funds to perform the initial exploration activity which includes the NI 43-101 resource calculation, permitting, and mine planning. Combined, we currently have permits to drill 19 core holes."

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Mesa Uranium Signs Letter of Intent on the Holbrook Potash Project

Mesa Uranium Signs Letter of Intent on the Holbrook Potash Project

VANCOUVER, BRITISH COLUMBIA, Jul. 14, 2010 (Marketwire) -- Mesa Uranium Corp. (TSX VENTURE:MSA)(PINK SHEETS:MSAJF) ("Mesa") is pleased to announce that it has signed a non-binding letter of intent with Passport Potash ("PPI") on the Holbrook Potash project. The project consists of Arizona State Land Department exploration leases covering 1,950 acres and is 100% wholly-owned by Mesa.

Under the letter of intent, PPI will acquire a 75% interest in the leases by issuing to Mesa 500,000 shares of PPI, $20,000 cash and pay exploration expenditures as required by the Arizona State Land Department. Any additional work will be paid for by PPI on a 100% basis. PPI will have the right to acquire the remaining 25% interest by paying Mesa $100,000 cash or PPI stock equivalent. Mesa will retain a 2% NSR royalty which PPI has the option to purchase for US $300,000.

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