Potash North Resource Corporation

Potash North Resource Corporation
Potash One Inc.

Potash One Inc.

April 14, 2009 16:45 ET

B.C. Supreme Court Approves Business Combination with Potash One Inc.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 14, 2009) - Potash North Resource Corporation (TSX VENTURE:PON) ("Potash North") and Potash One Inc. (TSX:KCL) ("Potash One") are pleased to announce that final approval to the previously announced business combination with Potash One was received today by the British Columbia Supreme Court. The business combination is expected to close on or about April 16, 2009.

Additional information concerning the Arrangement is provided in Potash North's Management Proxy Circular dated March 5, 2009, which is available at www.sedar.com.

Forward-Looking Statements: Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the corporations' periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. Statements in this press release other than purely historical information, including statements relating to final court approval to the business combination, and the companies' other future plans and objectives or expected results, constitute forward-looking statements. Forward looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the companies' business, including risks inherent in resource exploration and development. The companies do not assume the obligation to update any forward-looking statement. in particular, no representation is made in this release as to the timing of the business combination, whether the business combination will complete on the terms described herein or at all, the success or value of the combined companies after the business combination. In addition, there are numerous risks and other factors that will influence a development decision, including concluding resource evaluations on resource properties, mine design limitations, permitting risks and economic factors, all of which may be beyond our control.

This press release does not constitute an offer of securities in the United States. The securities to be issued by Potash One pursuant to the business combination have not been and will not be registered under any federal or state securities law of the United States, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

Neither the TSX, the 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.

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