Canpotex Reaches Agreement with Indian Customers

SASKATOON, Feb. 7, 2013 /PRNewswire/ – Canpotex Limited (Canpotex) announces
that it has reached agreement with its government and private sector
customers in India to supply approximately 1.1 million tonnes of potash
for shipment up to January, 2014 at a price of US$ 427.00 per tonne on
a CFR basis.

Steven Dechka, Canpotex’s President and Chief Executive Officer, stated
that this agreement demonstrates the continued importance Canpotex
places on the Indian market and on supporting its loyal and long-term
customer base in that market.

“We are very pleased to sign supply contracts with our long-term Indian
customers, and to continue our history of being a leading supplier to
this important market. We look forward to meeting India’s future
growing potash needs in collaboration with our Indian partners,” stated
Dechka.

Dechka also stated that Canpotex will continue to collaborate with its
Indian customers in implementing new market development programs in
India, designed to provide Indian farmers with the educational tools
needed to improve yields through balanced fertilization and best
management practices.

Operating continuously since 1972, Canpotex is the exclusive offshore
marketing company owned by the three Saskatchewan potash producing
companies: Agrium Inc. (TSX and NYSE: AGU), Mosaic Canada Crop
Nutrition, LP, a subsidiary of The Mosaic Company (NYSE: MOS), and
Potash Corporation of Saskatchewan Inc. (TSX and NYSE: POT).

SOURCE Canpotex Limited