Tuesday, 02 January 2024 12:17 GMT

Sage Potash Announces Annual General And Special Meeting Results And Confirms Shares For Debt Transaction


(MENAFN- Newsfile Corp) Vancouver, British Columbia--(Newsfile Corp. - October 16, 2025) - Sage Potash Corp. (TSXV: SAGE) (OTCQB: SGPTF) (" Sage Potash " or the " Company ") is pleased to announce the results of the annual general and special meeting of the shareholders of the Company held on October 16, 2025 (the " Meeting ").

A total of 12,559,870 common shares of the Company were represented at the Meeting in person or by proxy, representing approximately 11.89% of the total votes attached to all issued and outstanding common shares of the Company as of the record date on September 11, 2025.

All matters put forth at the Meeting were approved as follows:

MOTIONS NUMBER OF SHARES PERCENTAGE OF VOTES CAST
FOR AGAINST WITHELD /
ABSTAIN
FOR AGAINST WITHELD /
ABSTAIN
Setting Number of Directors 12,555,482 4,388 N/A 99.97% 0.03% N/A
Election of Directors:
(i) Peter Hogendoorn 8,135,130 N/A 444,500 94.82% N/A 5.18%
(ii) Gordon Ellis 7,793,600 N/A 786,030 90.84% N/A 9.16%
(iii) Matthew Lechtzier 7,835,600 N/A 744,030 91.33% N/A 8.67%
(iv) David Reid 7,835,600 N/A 744,030 91.33% N/A 8.67%
(v) Stockwell Day 8,322,630 N/A 257,000 97.00% N/A 3.00%
Appointment of Auditor 12,555,482 N/A 4,388 99.97% N/A 0.03%
Approval of Stock Option Plan Amendments 8,399,795 179,835 N/A 97.90% 2.10% N/A
Ratification of Stock Option Grants (by disinterested shareholders) 7,507,740 191,835 N/A 97.51% 2.49% N/A

Sage Potash further confirms that, following its May 16, 2025 news release announcing certain shares for debt transactions (the " Shares for Debt News Release ") and subject to final acceptance of the TSX Venture Exchange (" TSXV "), the Company is only proceeding at this time with issuing 500,000 common shares at the deemed price of $0.27 per share as disclosed in the Shares for Debt News Release following a shares for debt agreement date of May 16, 2025, resulting in the settlement of a total of $135,000. This shares for debt transaction is with one creditor that is not a 'Non-Arm's Length Party' to the Company within the meaning of TSXV policies. The 500,000 common shares being issued under this shares for debt transaction will be subject to a four month hold period from the date of issuance.

About Sage Potash Corp.

Sage Potash Corp. (TSXV: SAGE) (OTCQB: SGPTF) is dedicated to the development of its flagship Sage Plain Potash Project, located in the Paradox Basin, Utah. With a large and high-grade resource base, the Company is advancing toward its goal of establishing a secure and sustainable domestic potash production platform in the United States. Sage Potash is committed to food security, environmental stewardship, and creating value for shareholders and stakeholders alike.

For more information, please visit: .

On behalf of the Board of Directors

Peter Hogendoorn - Chief Executive Officer; (604) 764-2158
Rod Reum - Chief Financial Officer

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