MD&A dated Dec30,07 from SEDAR

The Company, pursuant to an agreement dated May 15, 2006 and subsequently amended on May 10, 2007

holds an option to acquire 100 per cent of a 97,240 acre Potash Exploration Permit #KP-289 (“Legacy

Project”) located approximately 80 kilometres northwest of Regina, Saskatchewan. The Company acquired

the right from Invictus Minerals Corp. of Saskatchewan.

http://www.sedar.com/FindCompanyDocuments.do

From the latest NR:

Potash One Inc. is a Canadian potash company engaged in the identification, acquisition, exploration and development of advanced resource properties. The Company has a solid balance sheet and experienced technical and corporate management to advance its current project to the next level. The primary interests of the Company include an option to acquire 100% interest in a 97,240 acre Potash Subsurface Exploration permit in Saskatchewan, Canada.

http://www.globeinvestor.com/servlet/story/CCNM.20080225.444447_1/GIStory/

ecce