Potash One Inc.
TSX VENTURE : KCL

Potash One Inc.

March 25, 2008 13:31 ET

Potash One Initiates 2D Seismic Program

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 25, 2008) - Potash One Inc. (the "Company" or "Potash One") (TSX VENTURE:KCL) is pleased to announce that the Company has commissioned a "2D" reconnaissance seismic program in order to evaluate the remainder of the 97,400 acre Legacy Project, Subsurface Mineral Permit KP-289. It will be a reflection seismic program utilizing a "vibroseis" survey conducted by means of a grid consisting of some 210 line-kilometers of seismic lines (Vibroseis is a method used to transmit energy signals into the earth over an extended period of time as opposed to the near instantaneous energy provided by impulsive sources).

The intent of the program is to provide subsurface information about the southern portion of the permit and identify the location for exploratory surface drill holes. Permitting is in progress and it is estimated that surveying can begin in early April with recording to commence once ground conditions permit. It is anticipated that data acquisition will be completed by early May with preliminary interpretation completed by mid-June.

Paul F. Matysek, President and Chief Executive Officer of Potash One Inc., said: "We are pleased that Boyd Petrosearch has agreed to conduct our 2D program in addition to the 3D seismic program that is underway. The 2D program announcement is another testament to our commitment to conduct a comprehensive exploration work program in various parts of the Legacy project."

The seismic program is being undertaken by Boyd Petrosearch of Calgary Alberta. Boyd is considered one of the premier seismic acquisition and interpretation companies 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) 408-4799 (FAX)
    Email: info@potash1.com