Buttes Ranch Option Agreement Sample Contracts

Passport Potash Extends Twin Buttes Ranch Option Agreement to January 2016
Buttes Ranch Option Agreement • August 23rd, 2013 • Passport Potash Inc • Mining & quarrying of nonmetallic minerals (no fuels)

VANCOUVER, BRITISH COLUMBIA--(Marketwire - August 22, 2013) - Passport Potash Inc. ("Passport" or the "Company") (TSX.V: PPI)(OTCQX: PPRTF) is pleased to announce that it has signed a further amendment (the "Amendment") to the option agreement (the "Option Agreement") with Twin Buttes Ranch, LLC ("Twin Buttes") dated August 28, 2009, which was subsequently amended on December 4, 2009 and again on September 7, 2010, whereby the option (the "Option") to acquire the Twin Buttes Ranch has been extended to January 6, 2016. The Twin Buttes Ranch, which was one of Passport's first real property option purchase agreements, is comprised of approximately 28,000 acres (11,332 hectares) of royalty free private land with intact surface, mineral and water rights.

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