Potash One Inc.
TSX VENTURE : KCL
FRANKFURT : I5X

Potash One Inc.

February 19, 2008 15:28 ET

Potash One Appoints William Lupien as a Director

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 19, 2008) - Potash One Inc. (the "Company" or "Potash One") (TSX VENTURE:KCL)(FRANKFURT:I5X) is pleased to announce that William A. Lupien has joined the Company's board of directors.

Mr. Lupien brings over 40 years of public-market financial expertise and United States equity-market exposure to the Company's board. Mr. Lupien was a specialist on the Pacific Stock Exchange from 1968 until 1983, responsible for trading securities of many public companies including IBM, Ford Motor, Occidental Petroleum, Pfizer, Cyprus Mines, Warner Lambert, Bethlehem Steel, Digital Equipment, Caesar's World, Harrah's, Hilton as well as others.

Mr. Lupien began his career with Mitchum, Jones & Templeton, a New York Stock Exchange-member and specialist firm in 1965, where he held various positions including president from 1974 through 1980. Mr. Lupien became chairman and chief executive officer in 1988 serving through 1995. Mr. Lupien was the chairman and CEO of Instinet Inc. from 1983 until 1988. He has served as chairman of OptiMark Inc., a company he established in 1995, with a mandate to improve the structure and operational capabilities of the securities market. Mr. Lupien is co-inventor of OptiMark's patented trading technology, a revolutionary method of structuring markets for securities and other fungible items.

Mr. Lupien has served on numerous private and public company boards including Mitchum, Jones & Templeton, Instinet, National Health Enterprises, Energy Metals Corporation and others. He held a position as trustee of the Securities Industry Institute, and the Securities and Exchange Commission national market advisory board and was the governor of the Pacific Stock Exchange for six years. Mr. Lupien is the co-author along with David Nassar of Market Evaluation and Analysis for Swing Trading, published in 2004 by McGraw Hill.

Mr. Lupien is currently a private investor and a financial equity market consultant. He is on the board of directors of Uranium One, Midway Gold Corp., Aflease Gold Ltd. and Skyler Technology Inc.

Mr. Paul F. Matysek, President and CEO of Potash One, stated: "I am very pleased to welcome Bill to Potash One on behalf of the Board. He brings a wealth of experience, financial acumen and a strong network of contacts. Management is looking forward to working with Bill to develop strategic opportunities with his network in Asia."

The Company reports that it has accepted the resignation of Mr. Ken Ralfs as a director, to pursue other business interests. The Company extends its gratitude for his contributions to the board over the past three and a half years.
The Company has also granted an additional 500,000 stock options pursuant to its previously approved stock option plan to directors, officers and consultants. These options were granted at an exercise price of $3.70 per share for a period of three years.

ON BEHALF OF THE BOARD OF DIRECTORS,

Paul F. Matysek, M.Sc., P.Geo., President and Chief Executive Officer

About Potash One:

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) 608-4979 (FAX)
    Email: info@potash1.com