Potash One Inc.
TSX : KCL

Potash One Inc.

June 16, 2009 11:29 ET

Potash One Legacy Project Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 16, 2009) - Potash One Inc. ("Potash One" or the "Company") (TSX:KCL) reports that the Company is in the process of finalizing the Legacy Solution-Mining Potash Project Pre-Feasibility Study announced on December 15th, 2008. The Legacy Project Pre-Feasibility Study is being completed by a team of internationally-respected engineering and consulting firms and is being compiled by SNC-Lavalin Inc. of Montreal, QC. A summary of the Legacy Project Pre-Feasibility Study will be released as soon as possible.

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

  • Potash One Inc.
    Paul F. Matysek, M.Sc., P.Geo.
    President and Chief Executive Officer
    (604) 331-4431
    (604) 408-4799 (FAX)
    info@potash1.com