0001183740-13-000330 Sample Contracts

AMENDMENT TO MINING LEASE BETWEEN PASSPORT POTASH, INC. AND TWIN BUTTES RANCH, LLC
Mining Lease • August 23rd, 2013 • Passport Potash Inc • Mining & quarrying of nonmetallic minerals (no fuels)

THIS AMENDMENT TO MINING LEASE (this "Amendment") is made effective this 20th day of August, 2013, by and between TWIN BUTTES RANCH, LLC an Arizona limited liability company ("Optionor"), and PASSPORT POTASH, INC., a British Columbia corporation ("Optionee").

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SECOND AMENDMENT TO OPTION AGREEMENT BETWEEN PASSPORT POTASH, INC. AND TWIN BUTTES RANCH, LLC
Option Agreement • August 23rd, 2013 • Passport Potash Inc • Mining & quarrying of nonmetallic minerals (no fuels)

THIS SECOND AMENDMENT TO OPTION AGREEMENT (this "Second Amendment") is made effective this 20th day of August, 2013, by and between TWIN BUTTES RANCH, LLC an Arizona limited liability company ("Optionor"), and PASSPORT POTASH, INC., a British Columbia corporation ("Optionee").

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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