Potash North Resource Corporation
TSX VENTURE : PON

Potash North Resource Corporation

October 16, 2008 08:00 ET

Potash North 2D Survey Complete

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 16, 2008) - Potash North Resource Corporation ("Potash North" or the "Company") (TSX VENTURE:PON) is pleased to announce that Boyd Petro Search of Calgary, Alberta has informed the Company that data acquisition from the 2D seismic survey on the Company's 100% owned KP 416 and KP 417 permit areas has been completed.

Data processing is currently underway and when finalized will enable the Company, along with its geological consultants, North Rim Exploration Ltd., to complete the planning of its initial drill program.

The drill program will be designed to verify historic drill results and evaluate other areas in the vicinity of those historic holes. It is currently anticipated that this drill program will be carried out during the coming winter season.

Potash North is well positioned to aggressively pursue its exploration programs with a current cash position of approximately $31 million.

Potash North is a Vancouver based company engaged in the acquisition, exploration and potential development of two potash exploration permits (KP 416 and 417) located north of and adjacent to the producing Esterhazy Mine permits of Mosaic Corp. in southeastern Saskatchewan.

ON BEHALF OF THE BOARD

Craig A. Angus, President and Chief Executive Officer

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

Contact Information

  • Potash North Resource Corporation
    Arlen Hansen
    (604) 684-6730