PotashCorp and Mosaic Reach an Agreement on Esterhazy Tolling Litigation

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SASKATOON, Dec. 8, 2011 /CNW/ - Potash Corporation of Saskatchewan Inc.  (PotashCorp) today announced the settlement of its litigation with Mosaic Potash Esterhazy Limited Partnership (Mosaic).

Under the settlement Mosaic will deliver the balance of the potash tonnes owed to PotashCorp for the 2011 and 2012 calendar years. On December 31, 2012 the Canpotex Esterhazy productive capacity shall be reallocated from PotashCorp to Mosaic.

As part of the settlement, Mosaic's counterclaim for damages arising from PotashCorp's declaration of Force Majeure in April 2009 will be dismissed.

'This settlement provides PotashCorp and its stakeholders with certainty through 2012 and dovetails with our ongoing potash expansion program, which will increase operational capability to 17.1 million tonnes by 2015,' said PotashCorp President and Chief Executive Officer Bill Doyle.

This release contains forward-looking statements or forward-looking information (forward-looking statements). These statements can be identified by expressions of belief, expectation or intention, as well as those statements that are not historical fact. These statements are based on certain factors and assumptions including with respect to foreign exchange rates, expected growth, results of operations, performance, business prospects and opportunities and effective tax rates. While the company considers these factors and assumptions to be reasonable based on information currently available, they may prove to be incorrect. Several factors could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to: fluctuations in supply and demand in the fertilizer, sulfur, transportation and petrochemical markets; changes in competitive pressures, including pricing pressures; adverse or uncertain economic conditions and changes in credit and financial markets; the results of sales contract negotiations with major markets; the European sovereign debt crisis, the recent downgrade of US sovereign debt and political concerns over related budgetary matters; timing and amount of capital expenditures; risks associated with natural gas and other hedging activities; changes in capital markets and corresponding effects on the company's investments; changes in currency and exchange rates; unexpected geological or environmental conditions, including water inflow; potential adverse developments in new and pending legal proceedings or government investigations; strikes or other forms of work stoppage or slowdowns; changes in and the effects of, government policies and regulations; and earnings, exchange rates and the decisions of taxing authorities, all of which could affect our effective tax rates. Additional risks and uncertainties can be found in our Form 10-K for the fiscal year ended December 31, 2010 under captions 'Forward-Looking Statements' and 'Item 1A - Risk Factors' and in our other filings with the US Securities and Exchange Commission and the Canadian provincial securities commissions. Forward-looking statements are given only as at the date of this release and the company disclaims any obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Potash Corporation of Saskatchewan Inc.

CONTACT:

Investors Media

Denita Stann Bill Johnson

Vice President, Investor and Senior Director, Public Affairs

Public Relations Phone: (306) 933-8849

Phone: (306) 933-8521 Fax: (306) 933-8844

Fax: (306) 933-8844 Email: pr@potashcorp.com

Email: ir@potashcorp.com







Web Site: www.potashcorp.com