July 2015
Shareholder Update
Br a z i l P o t a s h C o r p , S u i t e 8 0 0 , 6 5 Q u e e n S t r e e t W e s t , T o r o n t o , O n M 4 E 1 R 7 w w w . p o t a s s i o d o b r a s i l . c o m . b r
Dear Shareholder,
I am pleased to inform you that following the submission of our Environmental Impact Assessment (EIA)
and successful public stakeholder consultations held earlier this year, Brazil Potash Corp. has been
granted its Preliminary License from the Environmental Protection Agency (IPAAM).
As reported in previous shareholder updates, there are three main licenses required in Brazil when
building a mine, the Preliminary License, the Installation License and the Operating License. Obtaining
each one de-risks the project and drives further value for Brazil Potash shareholders. The Preliminary
License is typically the most challenging to obtain as it includes extensive public consultation. Its receipt
represents the government’s environmental and social approval of our project. As you will see in the
picture below, Brazil Potash’s Preliminary License was personally hand delivered by the Governor of the
Amazonas region who is a strong supporter of our project.
Amazon State Governor José Melo (middle) delivering the LP to Guilherme Jacome and Jose Fanton of Brazil Potash.
BPC Shareholder Update
Page 2
With the Preliminary License in hand, our team is highly focused on our next major milestone - the
completion of the bankable feasibility study. We expect to complete the feasibility study in the first
quarter of 2016. Having the Preliminary License in hand also enables important funding institutions,
such as BNDES, SUDAM and IFC, to initiate due diligence on the project.
This is a significant milestone for us to celebrate and a true testament of Brazil Potash team’s dedication
and hard work!
Matt Simpson
Chief Executive Officer Brazil Potash Corp.