0001062993-12-005067 Sample Contracts

JOINT EXPLORATION AGREEMENT
Joint Exploration Agreement • November 23rd, 2012 • Passport Potash Inc • Mining & quarrying of nonmetallic minerals (no fuels) • Arizona

THIS AGREEMENT (this “Agreement”) is by and between The Hopi Tribe, a federally recognized Indian tribe, with an address and contact for purposes of this Agreement, until further notice from the Tribe’s Chairman, c/o Thayne Lowe, Osborn Maledon PA, 2929 N. Central Ave., Suite 2100, Phoenix, Arizona 85012, telephone 602.640.9391, email tlowe@omlaw.com (the “Tribe”), on the one hand, and Passport Potash Inc., a Canadian corporation, and PPI Holding Corp., its wholly owned subsidiary (collectively, and together with its/their Affiliates, if any, “Licensee”), with an address and contact for purposes of this Agreement, until further notice from Licensee, c/o John H. Eckersley, 3346 W. Guadalupe Road, Apache Junction, AZ 85120, telephone 480.288.6530, email jeckersley@passportpotash.com, on the other hand, and is effective as of the date set forth above the Parties’ signatures below (“Effective Date”).

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Passport Potash and Hopi Tribe Enter Into Joint Exploration Agreement
Joint Exploration Agreement • November 23rd, 2012 • Passport Potash Inc • Mining & quarrying of nonmetallic minerals (no fuels)

Vancouver, B.C. - November 13, 2012. Passport Potash, Inc. (“Passport” or the “Company”) (PPI: TSX.V, OTCQX:PPRTF) is pleased to announce that it has entered into a Joint Exploration Agreement (the “Agreement”) with the Hopi Tribe (“Hopi” or “Tribe”) to explore for potash on the Hopi private land sections which are checker-boarded with Passport’s southern landholdings. The Agreement is a definitive agreement that was contemplated by the letter of intent (“LOI”) that the parties entered into six weeks ago.

AMENDMENT TO AGREEMENT TO PURCHASE REAL ESTATE BETWEEN PASSPORT POTASH INC. AND THE FITZGERALD LIVING TRUST
Agreement to Purchase Real Estate • November 23rd, 2012 • Passport Potash Inc • Mining & quarrying of nonmetallic minerals (no fuels)

THIS AMENDMENT (“Amendment”) is made effective this 8th day of November, 2012, by and between Passport Potash Inc. (“Passport”), a British Columbia corporation and the Fitzgerald Living Trust (the “Trust”).

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