Potash One Inc.
TSX : KCL

Potash One Inc.

June 23, 2009 08:30 ET

Potash Files 43-101 Technical Report on the Legacy Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 23, 2009) - Potash One Inc. (the "Company" or "Potash One") (TSX:KCL) is pleased to announce that, further to its news release dated May 14, 2009, it has filed today with the Canadian securities regulators, a 43-101 Technical Report dated June 15, 2009 (the "Report") on its Legacy Project in Saskatchewan, Canada. The Report was prepared by Dr. Michael Hardy, Ph.D., P. Eng. of Agapito Associates Inc., Grand Junction, Colorado and Stephen Halabura, P.Geo. and Debbie Shewfelt, M.Sc., P.Geo, of North Rim Exploration Ltd., Saskatoon, Saskatchewan. The Report can be found on SEDAR at www.sedar.com and on the Company's website at www.potashone.com.

ON BEHALF OF THE BOARD OF DIRECTORS,

Paul F. Matysek, M.Sc., P.Geo., President and Chief Executive Officer

About Potash One Inc.:

Potash One Inc. is a well-funded, TSX-listed Canadian resource company engaged in the exploration and development of advanced potash properties amenable to solution mining. The Company owns 100% of more than 515,000 acres of Potash Subsurface Exploration Permits in Saskatchewan, Canada. It includes the 97,240 acre Legacy Project, which has a NI 43-101-compliant Measured Resource of 29 million tonnes of KCl, an Indicated Mineral Resource of 222 million tonnes of KCl and an Inferred Mineral Resource of 852 million tonnes of KCl. The Legacy Project is adjacent to the largest producing solution potash mine in the world.

The Toronto Stock Exchange has neither approved nor disapproved the contents of this press release.

Contact Information