Sage Potash Corp. (TSX-V: SAGE) (OTCQB: SGPTF) a Canadian company focused on developing its Sage Plain Potash Project located in the Paradox Basin, Utah, is pleased to announce that it has closed its previously announced non-brokered private placement, raising gross proceeds of C$6 million.

Peter Hogendoorn, CEO and Executive Chairman of Sage Potash, commented:

“We’re proud to have successfully closed a financing that was upsized from C$4M to C$6M in response to strong investor interest. The proceeds will position us to accelerate field activity, technical planning, and permitting as we move closer to unlocking the full potential of our domestic resource.”

The financing consisted of the issuance of 24,000,000 units of the Company at a price of $0.25 per unit. Each unit comprises one common share and one-half of one non-transferable common share purchase warrant, resulting in the issuance of 24,000,000 common shares and 12,000,000 common share purchase warrants. Each whole warrant entitles the holder to purchase one additional common share at a price of $0.35, exercisable for a period of two years from the closing date.

In connection with the closing, the Company paid applicable finders’ fees and commissions in accordance with TSX Venture Exchange policies and applicable securities laws. This included the payment of $285,860 in cash compensation and the issuance of 1,132,820 broker warrants, entitling holders to purchase additional common shares under the same warrant terms as under the Offering.

Net proceeds from the Offering will be allocated toward the continued development of the Sage Plain project, strategic exploration activities and infrastructure planning, and general working capital requirements.

All securities issued under the Offering will be subject to a hold period of four months and one day from the date of issuance under applicable securities laws. The TSX Venture Exchange has conditionally approved the Offering, subject to customary final filings.

RCI Capital provided advisory services to Sage Potash in connection with the Offering, pursuant to a financial advisory engagement with the Company. Pursuant to the engagement, RCI Capital has been retained to advise on development financings and strategies, which may include equity, corporate and project debt, off-take financing, joint ventures and M&A.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act“), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) absent such registration or an applicable exemption from such registration requirements.

About Sage Potash Corp.

Sage Potash is a Canadian company vested solely in the Sage Plain Property and intends through sustainable solution mining techniques to become a prominent domestic potash producer within the Paradox Basin situated in Utah.