Verde Potash
TSX VENTURE : NPK

Verde Potash

May 04, 2011 17:06 ET

Dr. Richard Garnett Joins Verde's Board of Directors

TORONTO, ONTARIO--(Marketwire - May 4, 2011) - Verde Potash (TSX VENTURE:NPK) ("Verde" or the "Company") wishes to welcome Dr. Richard Garnett to the Board of Directors of the Company. Dr. Garnett previously sat on Verde's technical advisory committee, contributing significantly to the development of the Cerrado Verde Potash Project.

Dr. Richard Garnett has extensive experience in the mining industry with 50 years spent working with a wide range of minerals in jurisdictions from Canada, South Africa, and South East Asia to Brazil. Through his career he has held senior positions with Rio Tinto, Anglo American, Hudson Bay Mining and Diamond Fields Resources, where he was instrumental in the early recognition and exploration of the Voisey's Bay nickel deposit. A mining engineer by training, he holds a PhD. in Economic Geology from the Royal School of Mines (UK) and a Master of Business Administration from Cranfield University. Dr. Garnett currently resides in Oakville, Ontario.

Commenting President & CEO, Cristiano Veloso, said: "Dr. Garnett has been active with Verde since 2008 as a consultant and member of the advisory board. He has been helpful in shaping our growth and development. We are thrilled he is now joining the Board of Directors and believe he will make an even greater contribution to the Company".

Verde has issued 110,000 share purchase options exercisable at $7.71, expiring May 4, 2016 to Dr. Richard Garnett, pending TSX regulatory approval.

About Verde Potash

Verde Potash, founded by Brazilians, is a mineral exploration and development company focused on fertilizers. The Company is developing the Cerrado Verde project in Brazil, a source of potash-rich rock from which Verde plans to produce a slow-release, non-chloride, multi-nutrient, fertilizer product named ThermoPotash. Founded as Amazon Mining in 2005, the Company changed its name to Verde Potash in April 2011 to better reflect its main business. The Company is also exploring for phosphate and limestone.

On behalf of the Board of Directors of Verde Potash, Jed Richardson, Vice President of Corporate Development.

Cautionary Language and Forward Looking Statements

THIS PRESS RELEASE CONTAINS CERTAIN "FORWARD LOOKING STATEMENTS", WHICH INCLUDE BUT IS NOT LIMITED TO, STATEMENTS WITH RESPECT TO THE FUTURE FINANCIAL OR OPERATING PERFORMANCE OF THE COMPANY, ITS SUBSIDIARIES AND ITS PROJECTS, STATEMENTS REGARDING USE OF PROCEEDS, EXPLORATION PROSPECTS, IDENTIFICATION OF MINERAL RESERVES, COSTS OF AND CAPITAL FOR EXPLORATION PROJECTS, EXPLORATION EXPENDITURES, TIMING OF FUTURE EXPLORATION AND PERMITTING, REQUIREMENTS FOR ADDITIONAL CAPITAL, GOVERNMENT REGULATIONS OF MINING OPERATIONS, ENVIRONMENTAL RISKS, RECLAMATION EXPENSES, TITLE DISPUTES OR CLAIMS, AND LIMITATIONS OF INSURANCE COVERAGE. FORWARD LOOKING STATEMENTS CAN GENERALLY BE IDENTIFIED BY THE USE OF WORDS SUCH AS "PLANS", "EXPECTS", OR "DOES NOT EXPECT" OR "IS EXPECTED", "ANTICIPATES" OR "DOES NOT ANTICIPATE", OR "BELIEVES", "INTENDS", "FORECASTS", "BUDGET", "SCHEDULED", "ESTIMATES" OR VARIATIONS OF SUCH WORDS OR PHRASES OR STATE THAT CERTAIN ACTIONS, EVENT, OR RESULTS "MAY", "COULD", "WOULD", "MIGHT", OR "WILL BE TAKEN", "OCCUR" OR "BE ACHIEVED". FORWARD LOOKING STATEMENTS INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES AND OTHER FACTORS WHICH MAY CAUSE THE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS OF THE COMPANY TO BE MATERIALLY DIFFERENT FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SAID STATEMENTS. THERE CAN BE NO ASSURANCES THAT FORWARD-LOOKING STATEMENTS WILL PROVE TO BE ACCURATE, AS ACTUAL RESULTS AND FUTURE EVENTS COULD DIFFER MATERIALLY FROM THOSE ANTICIPATED IN SAID STATEMENTS. ACCORDINGLY, READERS SHOULD NOT PLACE UNDUE RELIANCE ON FORWARD-LOOKING STATEMENTS.

Readers are cautioned not to rely solely on the summary of such information contained in this release and are directed to the complete set of drill results posted on Verde's website (www.verdepotash.com) and filed on SEDAR (www.sedar.com) and any future amendments to such. Readers are also directed to the cautionary notices and disclaimers contained herein.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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