Mr. Glenn Dudar reports

WESTSHORE TERMINALS ANNOUNCES Q2 2023 DISTRIBUTION

Westshore Terminals Investment Corp. has declared a dividend of 35 cents per share, payable on or before July 15, 2023, to shareholders of record on June 30, 2023, which is the same per-share amount that was paid in first quarter 2023. The second quarter 2023 dividend will be designated an eligible dividend for Canadian tax purposes.

Westshore anticipates that it will load approximately 13.6 million tonnes in the first half of 2023, which is the same level loaded in the first half of 2022. Anticipated throughput volumes for 2023 remain unchanged at 26.5 million tonnes at an average loading rate of $12.75 per tonne.

Westshore's potash project is progressing well, and continues to be on schedule and on budget. Westshore expects to start handling potash in 2026.

We seek Safe Harbor.