Buffalo Potash Commences Drilling at Flagship Disley Project

Executive Summary

• Buffalo Potash Corp. has begun drilling its first confirmation well (7‑10‑20‑23 W2) on the Disley Project, marking the start of the Confirmation Phase.
• The Confirmation Phase aims to validate potash potential, complete core testing, 3D seismic interpretation, and produce a NI 43‑101 technical report and Preliminary Economic Assessment.
• Management emphasizes the strategic location of the project adjacent to major solution‑mining operations and its patented Horizontal Line‑Drive (HLD) technology.

Key Details

• Well Initiated: Confirmation Well #1 – 7‑10‑20‑23 W2, first hole in the Disley Project drilling program.
• Program Scope: Two confirmation wells, core sampling, pilot‑hole testing, additional 3D seismic work, resource evaluation, NI 43‑101 report, and PEA preparation.
• Project Size & Location: ~9,413 ha, ≈50 km NW of Regina; adjacent to K+S Bethune and Mosaic Belle Plaine solution potash mines.
• Historical Context: 1960s pilot by Lumsden Potash Development demonstrated brine injection/recovery across the potash zone.
• Technology: Patented Horizontal Line‑Drive (HLD) mining system intended for modular, selective solution mining.
• Qualified Person: Douglas F. Hambley, PhD, PE, PEng, PG – independent consultant reviewing technical information per NI 43‑101.
• Management Quote: CEO Steve Halabura highlighted the drill as “the next step in validating the geology” and converting vision into shareholder value.

Notable Quotes

“This is how we convert the big vision into tangible shareholder value – executing a development strategy that implements an updated solution mining approach using proven oil and gas technology.” – Steve Halabura, CEO

Materiality Assessment: Non‑Material – Positive (operational progress with forward‑looking statements; no immediate financial impact disclosed).