The Mosaic Company press release

ENCANTO POTASH CORP. ANNOUNCES 11,150,000 UNIT PRIVATE PLACEMENT TO RAISE UP TO $2,007,000

2010-10-05

NYSE - New York Stock Exchange · United States

Oct. 5, 2010 (Canada NewsWire Group) --

/NOT FOR DISTRIBUTION TO A US NEWSWIRE SERVICE OR FOR DISSEMINATION IN THE UNITED STATES/

Trading Symbol: TSXV EPO.V

VANCOUVER, Oct 5 /CNW/ - Encanto Potash Corp. ("Encanto") is pleased to announce that it is proceeding with a non-brokered private placement of up to 11,150,000 units at $0.18 per unit to raise gross proceeds of up to $2,007,000, each unit consisting of one share and one half of one warrant, with each full warrant entitling the holder to buy one share for $0.25 exercisable for a period of two years from closing. A 5% cash finder's fee will be payable. The net proceeds will be used to finance an economic preliminary assessment of the Muskowekwan Property based on exploration results to date and to provide the Company with working capital. The placement is subject to Exchange approval.

About Encanto:

Encanto Potash Corp. is a TSX Venture Exchange-listed Canadian resource company engaged in the exploration and development of potash properties in the Province of Saskatchewan, Canada, the largest producing region for potash in the world.

For additional about Encanto Potash Corp., please visit the company website at www.encantopotash.comor review the documents filed on www.sedar.com.

ON BEHALF OF THE BOARD OF DIRECTORS

"James Walchuck"

Per:

James Walchuck President and CEO

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBLITIY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

| James Walchuck President and CEO Tel: 604-683-2402 | Brian Martin Vanguard Shareholder Solutions Tel: 604-608-0824 Toll Free: 1-866-918-0824 |