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Table 1. Nova drill hole locations. Allana Potash Corp. Management’s Discussion and Analysis For the three months ended October 31, 2012 Hole-ID Easting Northing Elevation (m) Depth (m) Azimuth Dip DM-11-01 626572.00 1581111.00 -109.00 134.00 0 -90 DM-11-02 627128.00 1580866.00 -109.00 110.00 0 -90 DM-11-03 627229.00 1580402.00 -109.00 132.00 0 -90 DM-11-04 629956.00 1575672.00 -109.00 84.45 0 -90 DM-11-05 630944.00 1574293.00 -109.00 81.65 0 -90 DM-11-06 630416.00 1575172.00 -109.00 87.60 0 -90 DM-11-07 629413.00 1576755.00 -109.00 90.40 0 -90 DM-11-08 627882.00 1579930.00 -109.00 96.70 0 -90 DM-12-09 627499.00 1580459.00 -109.00 105.40 0 -90 DM-12-10 631305.00 1573139.00 -109.00 90.65 0 -90 DM-12-11 628938.00 1575259.00 -109.00 108.50 0 -90 DM-12-12 631632.00 1571965.00 -109.00 71.10 0 -90 DM-12-13 629937.00 1574983.00 -109.00 102.45 0 -90 DM-12-14 632176.00 1571176.00 -109.00 64.80 0 -90 DM-12-15 638407.00 1563782.00 -120.00 127.60 0 -90 DM-12-16 637402.00 1563518.00 -120.00 86.00 0 -90 DM-12-17 637837.00 1562531.00 -120.00 82.85 0 -90 DM-12-18 630929.00 1572984.00 -109.00 99.30 0 -90 DM-12-19 639068.00 1562585.00 -120.00 163.00 0 -90 DM-12-20 631776.00 1570900.00 -109.00 81.30 0 -90 DM-12-21 628402.00 1578946.00 -109.00 121.85 0 -90 Nova drilling was concentrated on the western portion of its license and the program was designed to delineate extensions of the Musley Deposit as well as outline the limits of the evaporite basin. Generally Nova intersected similar stratigraphy to drilling on the Allana license and intersected potash in most holes (see Table 2). All holes were drilled vertically and true widths of the potash zones are estimated to be very similar to drilled widths due to the flat-lying nature of the potash horizons. 6
Table 2. Nova drill hole results Allana Potash Corp. Management’s Discussion and Analysis For the three months ended October 31, 2012 HOLE FROM (m) TO (m) DRILLED WIDTH (m) KCl (%) ZONE DM-11-01 95.30 DM-11-02 84.85 DM-11-03 86.50 DM-11-04 61.65 67.75 DM-11-05 62.89 DM-11-06 52.04 67.40 DM-11-07 76.16 DM-11-08 61.20 68.96 77.45 81.70 DM-12-09 76.40 86.20 DM-12-10 60.15 DM-12-11 NSV 65.65 73.90 DM-12-12 54.72 DM-12-13 NSV 56.82 DM-12-14 33.70 41.20 DM-12-15 69.25 104.12 DM-12-16 57.60 61.90 DM-12-17 65.28 DM-12-18 77.32 DM-12-19 NSV DM-12-20 NSV DM-12-21 NSV (NSV-No Significant Values) Exploration Program 2010-2012 99.87 93.90 89.45 62.60 73.95 69.65 57.91 77.10 78.68 68.96 70.89 81.70 90.22 78.60 98.80 65.65 72.25 80.90 56.42 64.82 35.20 50.20 102.95 108.12 58.60 69.40 66.60 78.42 Allana’s exploration program began in April 2010 and has been ongoing. To date 59 drill holes have been completed, and the results for 59 holes have been released. The Company has completed approximately 26,000 metres of drilling and Table 3 provides survey data for the drill holes completed on the project. Table 4 outlines selected drill results and Figure 1 shows drill hole locations. In addition to completing exploration drill holes, the Company completed approximately 48 kilometres of 2D seismic work on the southern portion of its property. Allana engaged Meridian Drilling to complete 10,000 metres of additional drilling on its Ethiopian potash project. This drilling is in addition to the Phase I program (2500 meters - 3000 meters) and has been part of the overall program announced by the Company in its presentations and other public communications. The drilling is being done in conjunction with 2D seismic and down-hole geophysical surveys and is part of the 7 4.57 9.05 1.95 0.95 6.20 6.76 5.87 9.70 2.52 7.76 1.93 4.25 8.52 2.20 12.60 5.50 6.60 7.00 1.68 8.00 1.50 9.00 33.70 4.00 1.00 7.50 1.32 1.10 - 13.40 - 14.47 19.40 18.30 23.00 15.50 14.70 25.00 17.90 13.20 16.20 27.00 15.20 33.70 21.00 17.40 28.47 17.38 21.80 15.90 7.60 18.30 27.70 18.30 9.90 6.50 NSV KAIN NSV SYL KAIN KAIN SYL KAIN SYL SYL UC LC KAIN SYL KAIN SYL UC KAIN SYL KAIN SYL KAIN UC KAIN SYL KAIN KAIN KAIN
Page 1 and 2: Allana Potash Corp. Management’s
Page 3 and 4: STRATEGY Allana Potash Corp. Manage
Page 5: Allana Potash Corp. Management’s
Page 9 and 10: Table 3. Drill hole locations. Alla
Page 11 and 12: Table 4. Selected drill results. Al
Page 13 and 14: Table 4. Selected drill results (Co
Page 15 and 16: Figure 1. Drill hole locations. All
Page 23 and 24: Summary of Quarterly Results Net (l
Page 31 and 32: Dependence on Outside Parties Allan

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