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 IC Potash Corp. ICPICPTF ("IC Potash" or 
 the "Company") is pleased to announce the closing of a 
 non-brokered private placement (the "Private Placement"). An 
 aggregate of 6,573,333 units of the Company (the "Units") were 
 issued at $0.105 per Unit for aggregate gross proceeds of $690,200.
 
 
 Each Unit consists of one common share of the Company (a "Common 
 Share"); and (ii) one-half of one common share purchase warrant (each a 
 "Warrant"). Each full Warrant entitles the holder to acquire one 
 additional Common Share at an exercise price of $0.16 until March 1, 
 2018, provided that if, at any time after the date which is four months 
 and one day following the Closing Date, the volume weighted average 
 price of the Common Shares on the Toronto Stock Exchange (the "TSX") 
 equals or exceeds $0.21 for 18 consecutive trading days, the Company may 
 accelerate the expiry date of the Warrants, in which event the Warrants 
 will expire upon the date (the "Accelerated Expiry Date") which 
 is 30 days following the dissemination of a press release by the Company 
 announcing the Accelerated Expiry Date. The Company paid a finder's fee 
 of $504 and no broker warrants.
 
 
 The use of proceeds includes research and development of polyhalite as 
 an organic fertilizer in the medical cannabis cultivation space. The 
 initial focus will be to demonstrate the effectiveness of polyhalite as 
 an organic fertilizer which is not only non-chloride but also provides 
 four macro and secondary nutrients for growing medicinal cannabis.
 
 
 Mr. Mehdi Azodi, President and Chief Executive Officer of the Company 
 stated, "The medical cannabis space is growing rapidly in Canada and 
 internationally. Canada, Netherlands, Australia, Germany, Israel, 
 Uruguay and Colombia have all passed legislation to allow for the 
 cultivation of medical cannabis. The cultivation of the various strains 
 of Cannabis plants in these different jurisdictions requires 
 considerable fertilization by macro and micronutrients. All of the 
 nutrients in polyhalite: Potassium, Magnesium, Calcium and Sulfate, are 
 important nutrients for cannabis cultivation. Further, the cannabis 
 leaves themselves benefit from non-chloride fertilizers and polyhalite 
 is a non-chloride fertilizer. We are pleased to be expanding into this 
 prolific space for future joint venture partners. The fact that 
 polyhalite is an organic fertilizer makes this natural based product 
 favorable to numerous international growers. Potassium takes part in the 
 photosynthesis process, improves the resistance of plants, increases the 
 consistency and strength of the plant, and increases the weight, 
 density, and volume of the buds. Potassium, Sulfate, Calcium, and 
 Magnesium all provide benefits during the vegetative and flowering 
 stages of cannabis cultivation."
 
 
 Insiders of the Company subscribed for 637,856 units of the Private 
 Placement, which represents 9.7% of the total placement. The insider 
 private placements are exempt from the valuation and minority 
 shareholder approval requirements of Multilateral Instrument 61-101 ("MI 
 61-101") by virtue of the exemptions contained in section 5.5(a) and 
 5.7(1) (a) of MI 61-101 in that the fair market value of the 
 consideration for the securities of the Company issued to the insiders 
 did not exceed 25% of its market capitalization.
 
 
 About IC Potash Corp.
 
 
 IC Potash has previously demonstrated a method to make Sulfate of Potash 
 ("SOP") from its 100%-owned Ochoa polyhalite deposit in Southeast New 
 Mexico and is currently examining ways to become a low-cost fertilizer 
 producer. The current review of IC Potash's existing feasibility study 
 is being extended to determine a viable positive economic path to the 
 production of direct application polyhalite. The Ochoa project has 
 access to excellent local labor resources, low-cost electricity and 
 natural gas, water, rail lines, and the Port of Galveston, Texas. IC 
 Potash's land holdings consist of nearly 90,000 acres of federal 
 subsurface potassium prospecting permits and State of New Mexico 
 potassium mining leases. For more information, please visit <a xmlns="http://www.w3.org/1999/xhtml" href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.icpotash.com%2F&amp;esheet=51519331&amp;newsitemid=20170302005616&amp;lan=en-US&amp;anchor=www.icpotash.com&amp;index=1&amp;md5=b018acaa1a20ad66ad22f19dbd5aa47b" rel="nofollow" rel="nofollow">www.icpotash.com</a>.
 
 
 Forward-Looking Statements
 
 
 Certain information set forth in this news release may contain 
 forward-looking statements that involve substantial known and unknown 
 risks and uncertainties and other factors which may cause the actual 
 results, performance or achievements of IC Potash to be materially 
 different from any future results, performance or achievements expressed 
 or implied by such forward-looking statements. Forward-looking 
 statements include statements that use forward-looking terminology such 
 as "may", "will", "expect", "anticipate", "believe", "continue", 
 "potential" or the negative thereof or other variations thereof or 
 comparable terminology. Such forward-looking statements include, without 
 limitation, statements regarding trends in the markets for Sulfate of 
 Potash and polyhalite, the completion of an update review of the 
 feasibility study by the Company, the Company's intention to investigate 
 the feasibility of polyhalite product production and other statements 
 that are not historical facts. These forward-looking statements are 
 subject to numerous risks and uncertainties, certain of which are beyond 
 the control of IC Potash, including, but not limited to, changes in 
 market trends, the completion, results and timing of studies undertaken 
 by IC Potash, risks associated with mineral exploration and mining 
 activities, the impact of general economic conditions, industry 
 conditions, dependence upon regulatory approvals, the uncertainty of 
 obtaining additional financing, and risks associated with turning 
 reserves into product. Readers are cautioned that the assumptions used 
 in the preparation of such information, although considered reasonable 
 at the time of preparation, may prove to be imprecise and, as such, 
 undue reliance should not be placed on forward-looking statements.
 
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Press Releases

IC Potash Announces Closing of a Private Placement and Diversification into the Organic Fertilizer Market for Medical Cannabis 

ICPTF

TSX:ICP

IC Potash Announces Closing of a Private Placement and Diversification into the Organic Fertilizer Market for Medical Cannabis


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