ISX Resources Inc.

June 13, 2007 09:01 ET

ISX Resources Inc.: TSXV Accepts NI 43-101 Report and Potash Acquisition Deal for Filing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 13, 2007) - Mr. Thomas R. Tough, P.Eng., President of ISX Resources Inc. ("ISX" or the "Company")(TSX VENTURE:ISX)(FRANKFURT:I5X) reports:

ISX has received acceptance of the TSX Venture Exchange Inc. (the "Exchange") of its acquisition of up to a 100% interest in the KP-289 Subsurface Mineral Permit (the "Permit Area") located in southern Saskatchewan, adjacent to the Belle Plaine Potash Solution Mine operated by The Mosaic Company (MOS-NYSE), from Invictus Minerals Corporation, as previously announced in the Company's news release dated May 17, 2006. ISX has obtained a National Instrument 43-101 ("NI 43-101") compliant Technical Report dated February 8, 2007 (the "Report") on the Permit Area from Agapito Associates Inc. of Grand Junction, Colorado, USA ("AAI") co-authored by Dr. Michael Hardy, P.E. of AAI and Steven Halabura, P. Geo. of North Rim Exploration Ltd. of Saskatoon, Saskatchewan. Dr. Hardy is independent of the Company in accordance with NI 43-101 and Mr. Halabura is not independent of the Company in accordance with NI 43-101.

The Report has been accepted by the Exchange and is available for review under the Company's profile on the SEDAR website at In the opinion of the Report authors, the mineral resource in the form of potash mineralization is sufficient to justify the expenditure of funds to undertake further work designed to confirm the quality of the potash mineral resource within the Permit Area and, furthermore, to determine the quality, quantity, and extent of the potash resource in the areas surrounding the Findlater and Bethune pilot test areas.

The following excerpts from pages 3, 4 and 6 of the Report detail the findings of the authors of the Report:

"Substantially, all of this data, in the form of interpreted seismic structure and isochron maps, is available for examination at the Geodata Branch, Saskatchewan Industry and Mines, and was used by the authors in the preparation of this report.

Previous exploration confirms the presence of potash mineralization in two portions (hereinafter referred to as "pilot test sites" or "sites") of the Permit Area. Identification and estimation of potash resource for each site was determined from evaluation of chemical assays conducted on sections of drill core cut through the upper portion of the Prairie Evaporite Formation. The areas around these two pilot test sites are penetrated by seven holes with gamma logs and five of those holes were cored and assayed. The cores from the two type wells from each site were inspected by the authors. The first site consists of drill holes and a pilot test plant undertaken by Imperial Oil at Findlater (in the northwestern portion of the permit) and the second site consists of drill holes and a pilot plant undertaken by Lumsden Potash Development Co., Ltd., at Bethune in the east-central portion of the permit. In general, sylvite bearing sections of the core were slabbed then individual intervals were selected for assay with the results available in tabular format in the government files.

The weighted average potash, insolubles and carnallite content, and thickness for each of the two potash-bearing members, as calculated from chemical assays of cores at the Imperial Oil Findlater (DH 21, DH 18 and DH 20) and Lumsden Potash Bethune (DH 11 and DH 13) potash pilot test sites, are listed in Table 1.

Table 1. Grade and Thickness Parameters
Parameter Patience Lake Belle Plaine Patience Lake to Belle Plaine
Lumsden Potash Bethune Holes (DH11 & DH13)
Thickness(m) 11.05 5.96 24.25
Grade (%K2O) 22.16 21.43 17.30
% Carnallite (MgCl2) 0.36 0.25 0.36
% Insoubles 10.20 3.83 7.37
Imperial Findlater Holes (DH18, DH20 & DH21)
Thickness(m) 11.91 7.46 26.88
Grade (%K2O) 20.48 19.33 16.28
% Carnallite (MgCl2) 0.34 0.31 0.26
% Insoubles 11.17 3.53 6.75

Thickness values are arithmetic average; K2O grade, carnallite, and insolubles are length-weighted averages.

The Indicated and Inferred Mineral Resource has been estimated based on the radius from the cored drill holes, the thickness and grade of the selected solution mine interval and the loss factors for unaccounted geologic anomalies assumed to be 25%, areal extraction ratio of 40%, and a loss factor to account for the liquor remaining in the cavern, plant, and transport of 10%.

The Indicated and Inferred Mineral Resource for the Patience Lake and Belle Plaine potential solution mining intervals are estimated to be:

- Indicated Mineral Resource: 36.8 million tonnes of K2O

- Inferred Mineral Resource: 360.4 million tonnes of K2O

If solution mining recovered the potash between the beds, the additional resource would be:

- Additional Indicated Mineral Resource: 4 million tonnes of K2O

- Additional Inferred Mineral Resource: 31.1 million tonnes of K2O

No Measured Mineral Resource has been estimated because engineering studies have not been completed to establish specific mining horizons, resource recovery, process selection, and preliminary operating and capital costs."

Interested persons are encouraged to review the Report in its entirety. The Company cautions that Inferred Mineral Resources do not provide information regarding the economics of the property and Permit Area and further study is required.

Qualified person

Mr. Thomas R. Tough, P.Eng., President and director of ISX, is the NI 43-101 qualified person responsible for the preparation of the technical information in this news release.


Thomas R. Tough, President

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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