VANCOUVER, BRITISH COLUMBIA-(Marketwire - Jan. 20, 2012) - Passport Potash Inc. (“Passport” or the “Company”) (TSX VENTURE:PPI)(OTCQX:PPRTF) announces that it has granted 4,166,642 incentive stock options to directors, officers, consultants and employees of the Company. The options are exercisable at $0.38 and will expire on January 19, 2017.


About Passport Potash Inc.

Passport Potash Inc. is a publicly traded corporation engaged in the exploration and development of advanced potash properties with its major focus on a previously explored potash property in Arizona. Passport has acquired a strategic position in the Holbrook Basin with land holdings encompassing over 81,315 acres. For more information regarding the Holbrook Basin, please visit http://www.azgs.az.gov/arizona_geology/Summer%2008.pdf.

On behalf of the Board of Directors of Passport Potash Inc.

Joshua Bleak, President

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Source: Marketwire Canada (January 20, 2012 - 8:30 AM EST)