Ringbolt Ventures Ltd.

Ringbolt Ventures Ltd.

March 19, 2008 11:23 ET

Ringbolt to Acquire 86,000 Acre Potash Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 19, 2008) - Ringbolt Ventures Ltd. (TSX VENTURE:RBV)(FRANKFURT:3OZ) is pleased to announce that it has signed a letter of agreement to purchase a 90% interest in a Private Utah Company which has 23 prospecting permits, approx 49,000 acres and one exploration permit consisting of 37,000 acres. Ringbolt will pay $10,000 cash and reimburse all land acquisition costs.

The leases are within the Paradox Basin which is a major Potash mining district. The company is pleased with the geological location of the leases on an ancient saltwater inlet and with the nature of the Potash deposits.

Potash is a general term covering several types of potassium salts, of which the most important is potassium chloride, the mineral sylvite. Potash is a nutrient essential for plant growth, and is a cornerstone of modern agricultural fertilizers. Roughly 95 per cent of world potash production goes into fertilizer, while the other five per cent is used in commercial and industrial products - everything from soap to television tubes. Currently the United States imports more than half of the Potash that it consumes.

The technical information in this news release was reviewed by, Derrick Strickland, P. Geo. A Qualified Person under NI 43-101.


On behalf of the Board of Directors

Jason Walsh, Director

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

Contact Information

  • Ringbolt Ventures Ltd.
    Gavin Vanburren
    (604) 682-1643
    (604) 682-1666 (FAX)