Issue of Performance Rights

Salt Lake Potash Limited ("the Company") advises that it has today granted 200,000 performance rights to a key consultant pursuant to the Salt Lake Potash Limited Performance Rights Plan, which was approved by shareholders at the Company's Annual General Meeting ("AGM") on 30 November 2016. The Performance Rights, which entitle the recipient to acquire Salt Lake Potash ordinary shares at nil cost, are subject to various performance conditions (including Pre-Feasibility Study, Definitive Feasibility Study, Project Construction and Production milestones) to be satisfied prior to the relevant expiry dates between 30 June 2018 and 30 June 2021.

For further information please visit www.saltlakepotash.com.au or contact: