Potash One Inc.
TSX VENTURE : KCL

Potash One Inc.

March 25, 2008 09:30 ET

Potash One 3-D Seismic Program Field Program Completed

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 25, 2008) - Potash One Inc. (the "Company" or "Potash One") (TSX VENTURE:KCL) is pleased to report steady progress on the Company's "3D" seismic program on its 97,400 acre Legacy Potash Project in southern Saskatchewan. The 3D seismic program was run over the original Imperial Findlater potash solution-mining pilot test site located in the northwest corner of the permit area. The objective of the program is to confirm the continuity of the potash-bearing evaporite beds as presented in the NI-43-101-compliant Technical Report and identify sites for placement of confirmatory surface drill holes. The 3D program will help identify contiguous areas of potash mineralization that have not been affected by any underground salt dissolution and collapse structures or contact with subsurface aquifers.

The acquisition program consists of an area of some 26 square km of data. Data recording was completed on February 25, 2008. The data processing began on March 12, 2008. It is anticipated that the interpretation will be completed by April 30, 2008.

Paul F. Matysek, President and Chief Executive Officer of Potash One Inc., commented: "We are pleased with the progress of our 3D program, which is one of the key components of our exploration and development program. The progress in this aspect along with our recently announced environmental assessment program will help us expedite further development of the Legacy project."

Boyd Petrosearch of Calgary, Alberta is undertaking the seismic program on behalf of Potash One Inc. Boyd is considered one of the premier seismic acquisition and interpretation company's in the potash industry.

The technical content in this news release has been read and approved by Stephen P. Halabura, Principal Geologist and Owner of North Rim Exploration, a Professional Geologist licensed in Saskatchewan and a Qualified Person as defined by National Instrument 43-101.

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 Canadian resource company engaged in the identification, acquisition, exploration and development of advanced solution mine amenable potash properties. The Company holds an option to acquire 100% interest in a 97,240 acre Potash Subsurface Exploration Permit in Saskatchewan, Canada ("the Legacy Project"). The Legacy Project was previously explored by Imperial Oil Ltd. (now Exxon) and Lumsden Potash Corporation and is adjacent to the largest producing solution potash mine in the world. The Company has a solid balance sheet and experienced technical and corporate management to advance its current project to the next level.

Forward Looking Statement

This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address further production, reserve potential, exploration and development activities and events or developments that the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions such statements are not guarantees of further performance, and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see our public filings at www.sedar.com for further information.

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

Contact Information

  • Potash One Inc.
    Paul F. Matysek, M.Sc., P.Geo.
    President and Chief Executive Officer
    (604) 331-4431
    (604) 608-4799 (FAX)
    Email: info@potash1.com