Province of Saskatchewan, PotashCorp commit $50 million to Global Institute for Food Security at the University of Saskatchewan

 Province of Saskatchewan, PotashCorp commit $50 million to Global Institute
             for Food Security at the University of Saskatchewan

PR Newswire

SASKATOON, Dec. 10, 2012

Public-private partnership to advance science and policy for global food and
nutrition security

SASKATOON, Dec. 10, 2012 /PRNewswire/ -  The Province of Saskatchewan, the
University of Saskatchewan, and Potash Corporation of Saskatchewan Inc.
(PotashCorp) today formally launched the Global Institute for Food Security
(GIFS) to develop Saskatchewan-led solutions to feed a growing world
population.

With initial commitments of up to CDN $35 million from PotashCorp and CDN $15
million from the province over the next seven years, the institute will apply
Saskatchewan's unique resources, innovation and expertise to address the
increasing global demand for safe, reliable food.

"The plan for growth positions Saskatchewan as a global leader in food
security and innovation by 2020," Saskatchewan Premier Brad Wall
said."Advancing Saskatchewan's agricultural advantage allows us to
significantly increase the global food supply - our moral obligation as a good
global citizen - while building the next economy, an innovation economy, here
at home."

PotashCorp's investment represents the largest donation in the company's
history and reflects its deep commitment to food security. The donation is one
of the largest corporate donations for university research in Canada.

"Food security remains our biggest challenge as populations increase and diets
change, putting immense strain on food production," said Bill Doyle, President
and CEO of PotashCorp. "We need to help farmers around the world produce more
food, ensure it's safe and nutritious, and get it efficiently to those who
need it. As the world's largest producer of crop nutrients, supporting food
production is a mandate for our company and we believe this institute can play
an important role in improving global food security."

The institute will be based at the University of Saskatchewan,  a
world-renowned centre of excellence in agriculture and food-system related
research.

"Over the past century, the University of Saskatchewan has led far-sighted
research and innovation to help grow a province and feed a growing
nation.Now, through this innovative partnership and its bold vision, we will
build on our strengths andprovide new research solutionsacross the food
supply systemto help feed a growing world," said Dr. Ilene Busch-Vishniac,
President, University of Saskatchewan. "This collaborative institute will
create unique opportunities for cutting-edge science and policy research that
will attract top faculty and studentsand put Saskatchewan on the global map
for food security research."

The institute will build on Saskatchewan's existing strength in crop
production systems through new investments in technological, economic,
nutritional and environmental improvements to the food supply system at home
and around the world. It will take a strategic approachto the food supply
system - for example, breeding for higher yield, improved nutrition and better
processing traits, looking at how soil quality affects the nutritional value
of crops, and adapting prairie zone cropsto available soil and water.

With today's complex global food system, the research leadership the new
institute will provide is urgently needed to develop not just the new science
and technologies to increase food production and nutrition, but to impact the
policy agenda so that changes can take place to improve how the various parts
of the food system interact.

Focusing on crops grown in Saskatchewan as well as those grown in many other
parts of the world such as wheat, lentils, peas and canola - essential sources
of food for a significant portion of the world's population - the institute
will develop transferable solutions that can be applied to relevant regions
and partnerships around the world.

The partners have signed a Memorandum of Agreement outlining the institute's
mandate, funding, structure and governance. A search for the institute's
initial Executive Director & CEO is underway.

Background information and video will be available for download at
www.globalinstituteforfoodsecurity.org following the webcast of the media
conference.

About the University of Saskatchewan

As one of Canada's top research universities, the University of Saskatchewan
is at the forefront of Canada's efforts to become a global innovator in
solving food security challenges. The U of S has one of the world's largest
hubs of food security researchers—more than 160 scientists and social
scientists with expertise across the food system—along with relevant research
infrastructure unparalleled in Canada, including two of Canada's major science
facilities (the Canadian Light Source and VIDO-InterVac) and a dynamic campus
cluster of more than 70 agricultural-related centres.

About PotashCorp

As the world's largest crop nutrient company, PotashCorp plays an integral
role in global food production. The company produces the three essential
nutrients required to help farmers grow healthier, more abundant crops. With
global population rising and diets improving in developing countries, crop
nutrients such as potash, phosphates and nitrogen offer a responsible and
practical solution to help produce the food we need, from the land we have.

About the Province of Saskatchewan

The Saskatchewan Plan for Growth outlines a vision for being a global leader
in food security and innovation by 2020. This will be achieved by increasing
crop production by 10 million tonnes; increasing exports of agricultural and
food products from CDN $10 billion to CDN $15 billion; increasing value-added
production, processing and innovation; and establishing Saskatchewan as an
international bioscience leader. Over the last number of years, Saskatchewan
has strategically and systematically built an excellent agricultural research
and development cluster. The establishment of the Global Institute for Food
Security builds on Saskatchewan's natural, intellectual and infrastructural
resources, and positions Saskatchewan to simultaneously benefit from the
increasing global demand for agricultural products while meeting its social
responsibilities as a good global citizen.

SOURCE Creative Fire

Contact:

University of Saskatchewan
Kathryn Warden
Director, Research Communications
(306) 966-2506
Kathryn.warden@usask.ca
www.usask.ca

Province of Saskatchewan
Donna Rehirchuk
Saskatchewan Agriculture
(306) 787-5389
Donna.rehirchuk@gov.sk.ca

PotashCorp
Bill Johnson
Senior Director, Public Affairs
(306) 933-8849
Bjohnson@potashcorp.com