EPM Mining Ventures Inc.
TSX VENTURE : EPK
OTCQX : EPKMF

EPM Mining Ventures Inc.

June 24, 2015 07:00 ET

EPM Mining Ventures Inc. Announces Planned Name Change to "Crystal Peak Minerals Inc." and Results of Annual and Special Meeting of Shareholders

TORONTO, ONTARIO--(Marketwired - June 24, 2015) - EPM Mining Ventures Inc. ("EPM" or the "Company") (TSX VENTURE:EPK)(OTCQX:EPKMF) is pleased to announce the results of its 2015 Annual and Special Meeting of Shareholders held in Toronto on June 23, 2015 (the "Meeting"), including the approval of a proposed name change to "Crystal Peak Minerals Inc." by the Company's shareholders.

It is expected that on June 25, 2015, the Company will change its name to "Crystal Peak Minerals Inc." and shortly thereafter its common shares will begin trading on the TSX Venture Exchange under the new ticker symbol "CPM". The Company will also change its ticker symbol on the OTCQX and will announce the new symbol once it is in place. The Company's board of directors (the "Board") believes that the new name will better communicate the Company's strategy to develop its Sevier Lake Playa Sulphate of Potash Project ("Project") located in southwestern Utah to markets, shareholders, and others.

In addition to the approval of the name change, the Company's shareholders elected to the Board Daniel Basse, De Lyle Bloomquist, Theodore Botts, Ramakrishnan Mukundan, Lance D'Ambrosio, Thomas Pladsen, Donald Carroll, and Robert Curtis, each to serve until the next annual meeting of shareholders or until his successor is elected or appointed. Also, the Company's shareholders re-appointed PriceWaterhouseCoopers LLP as auditors for the ensuing year and re-approved the Company's stock option plan. For further information on the resolutions voted on by the Company's shareholders at the Meeting, please review the Company's management information circular dated May 15, 2015, which is available on SEDAR at www.sedar.com.

Following the Meeting, Lance D'Ambrosio, the Company's President and Chief Executive Officer, was appointed Executive Chairman of the Board and De Lyle Bloomquist was appointed Lead Independent Director of the Board. The Lead Independent Director's responsibilities include coordinating activities and calling meetings of the independent directors and serving as liaison between the Executive Chairman and the independent directors. In addition, Woods Silleroy, Vice President of Operations for the Company's subsidiary, Peak Minerals Inc., was appointed as Corporate Secretary of Company.

About EPM Mining Ventures

EPM is an exploration-stage company focused on specialty fertilizers. Through Peak Minerals Inc., its indirect wholly-owned subsidiary, EPM controls directly or through agreement mineral leases on more than 124,000 acres on its Sevier Lake Playa property in Millard County, Utah. With a brine resource known to contain potassium, magnesium, sulphate, lithium, and a suite of other beneficial minerals, EPM is targeting the development and production of specialty fertilizers, including SOP, through the use of a cost-effective solar evaporation process. SOP and other specialty fertilizers are used in the production of high value, chloride-sensitive crops such as fruits, vegetables, and tree nuts. With the recent completion of a Preliminary Feasibility Study, the Company is currently engaged in engineering and analysis designed to support a feasibility study, environmental permitting, and ultimately mineral production.

For more information, please visit our web site at www.epmmining.com.

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.

Forward-Looking Information

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, the timing and occurrence of the Company's name change to "Crystal Peak Minerals Inc." and the trading of the Company's securities under a new ticker symbol, and the obtaining of any applicable regulatory approvals therefor, the timing of the Feasibility Study and the results thereof, and the Company's future business. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", or "believes" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Forward-looking information is based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Contact Information

  • EPM Mining Ventures Inc.
    Lance D'Ambrosio
    Chief Executive Officer
    (801) 485-0223
    www.epmmining.com