Western Potash Clarifies Land Position
Western Potash Clarifies Land Position
Vancouver BC - Western Potash Corp. (WPX: TSX) (FSE: AHE) (the “Company”) would like to clarify its current land position in response to current media reports. Western Potash has leased freehold potash mineral rights within the Rio Tinto (Joint Venture with North Atlantic Potash Inc) Exploration permit KP 405, which is located immediately adjacent to the Milestone Property in Southern Saskatchewan. Within KP 405, the Company holds 100% of 20,523 Hectares of land (50,323 Acres) on 46 parcels of land. Additionally, the Company controls less than 100% interest on 49 parcels of land, totaling 3,588 Hectares (8,866 Acres). The Company controls a total of 24,111 Hectares (59,189 Acres) within the Exploration permit KP 405.
These leases are valid for ten years, from the execution date, with an option to extend for an additional ten year term. The potash royalty within these leases is pursuant to the provisions of the Subsurface Mineral Regulations, 1960, Sask Reg. 541-67, as amended from time to time under The Crown Minerals Act (Saskatchewan).
About Western Potash Corp.
Western Potash Corp. is a development stage potash company focused on building Canada's most efficient potash solution mine. The Company intends to develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. A positive Feasibility Study for the Milestone potash project was completed in December 2012, demonstrating robust project metrics.
ON BEHALF OF THE BOARD OF DIRECTORS
J. Patricio Varas
President and CEO
Cautions Regarding Forward-Looking Statements
Except for statements of historical fact relating to Western Potash, certain information contained herein may constitute “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to future validity of leases, future financing availability, the Milestone Feasibility Study, timelines for completion of various steps related to the foregoing; and the ability of Western Potash to develop the Milestone Project. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “subject to”, “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Western Potash to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including: the receipt of all necessary approvals; the ability to conclude a transaction; uncertainty of future production, capital expenditures and other costs; financing and additional capital requirements; the receipt in a timely fashion of any further permitting for the Milestone Project; legislative, political, social or economic developments in the jurisdictions in which Western Potash carries on business; operating or technical difficulties in connection with mining or development activities; and the risks normally involved in the exploration, development and mining business. Although management of Western Potash has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Western Potash does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance with applicable securities laws.