Passport Potash Inc. Commences Trading on OTCQX

   Passport Potash, Inc. ("Passport Potash" or the "Company") (TSX VENTURE: PPI)(OTCQX: PPRTF) announced today that its common shares have commenced trading on the OTCQX International, the highest tier of the OTC market in the United States, under the symbol "PPRTF" on March 1, 2011. Passport's common shares will continue to trade on the TSX Venture Exchange under the symbol "PPI".

Passport Potash expects to benefit from being listed on the OTCQX alongside many internationally respected corporations by gaining greater exposure and liquidity in the United States, where the Holbrook Basin potash project is located.

Passport's President Joshua Bleak commented: "We are pleased to be listing on the OTCQX, as we anticipate greater ease of trading in a convenient and transparent forum. The listing will also enhance awareness of the Company's developments and progress, and at the same time expand our exposure to additional investors."

Merriman Capital, Inc. will serve as Passport Potash's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements.

On behalf of the Board of Directors

PASSPORT POTASH INC.

Joshua Bleak, President

This news release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, including the likelihood of commercial mining and possible future financings are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include unsuccessful exploration results, changes in metals prices, changes in the availability of funding for mineral exploration, unanticipated changes in key management personnel and general economic conditions. Mining is an inherently risky business. Accordingly the actual events may differ materially from those projected in the forward-looking statements. For more information on the Company and the risks and challenges of its business, investors should review the Company's annual filings that are available at www.sedar.com

Neither 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.

Contacts: Passport Potash Inc. Corporate Communications Toll Free: [phone] or [phone] www.passportpotash.com