PotashCorp Raises Second Quarter Earnings Guidance Listed: TSX, NYSE Symbol: POT SASKATOON, SK, June 16 /PRNewswire-FirstCall/ -- Potash Corporation of Saskatchewan Inc. (PotashCorp) today announced that it is increasing its second quarter earnings guidance, and now expects net income for the quarter to be between $1.40 and $1.50 per diluted share, up from the $1.00 to $1.25 guidance initially provided. An excellent spring season and better than expected market fundamentals have led to higher prices in all three nutrients, and will translate into stronger quarterly financial performance. Where the company falls in the range is expected to depend on where the exchange rate finishes the quarter, with a weaker Canadian dollar putting it in the top of the range. The company's annual guidance will be discussed in conjunction with the second-quarter results on Thursday, July 28, 2005. Potash Corporation of Saskatchewan Inc. is the world's largest fertilizer enterprise producing the three primary plant nutrients and a leading supplier to three distinct market categories: agriculture, with the largest capacity in the world in potash, third largest in phosphate and fourth largest in nitrogen; animal nutrition, with the world's largest capacity in phosphate feed ingredients; and industrial chemicals, as the largest global producer of industrial nitrogen products and one of only three North American suppliers of industrial phosphates. This release contains forward-looking statements, which involve risks and uncertainties, including those referred to in the company's annual report to shareholders for 2004 and in filings with the U.S. Securities and Exchange Commission and Canadian provincial securities commissions. A number of factors could cause actual results to differ materially from those in the forward- looking statements, including, but not limited to: fluctuation in supply and demand in fertilizer, sulfur, transportation and petrochemical markets; changes in competitive pressures, including pricing pressures; risks associated with natural gas and other hedging activities; changes in capital markets; changes in currency and exchange rates; unexpected geological or environmental conditions; and government policy changes. DATASOURCE: Potash Corporation of Saskatchewan Inc. CONTACT: Betty-Ann Heggie, Senior Vice President, Corporate Relations, Phone: (306) 933-8521, Fax: (306) 933-8844, E-mail: , Web Site: http://www.potashcorp.com/

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