Western Potash Corp.
TSX VENTURE : WPX
FRANKFURT : AHE

Western Potash Corp.

May 06, 2009 08:30 ET

Western Potash Corp. Receives Two Additional Well Licenses, Begins Construction for First Well at Milestone

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 6, 2009) - Western Potash Corp. (the "Company") (TSX VENTURE:WPX)(FRANKFURT:AHE) is pleased to announce that it has been issued the remaining two well licenses from the Saskatchewan Ministry of Energy and Resources for drilling on the Milestone property. The Milestone property comprising approx. 500 square km, is located approximately 30 km southeast of Regina, and to the southeast of the Mosaic Company's Belle Plaine KL-106-R mining lease, which hosts one of the largest producing potash solution mines in the world. The property is immediately adjacent to potash permits held by BHP-Billiton, Vale (through a recent sale by Kennecott Canada Exploration) and Potash One.

Seismic data has confirmed the presence of potash prospective salt beds on the eastern portion of the Milestone property, within 15 km of the potash wells drilled by Kennecott during 2008 (subsequently sold to Vale), and covering an area of over 185 square kilometers highlighting a sizeable and attractive new exploration target area.

Government imposed road bans have now been lifted and upgrades to municipal roads necessary for drill site access have commenced. Construction of the first well-site is imminent and the drill is planned to mobilize to the first site on May 14, 2009. The Company plans to drill three wells within the Milestone property using a drill rig supplied by Red Dog Drilling Inc. The purpose of the three well drill program is to define the extent, grade, thickness and type of potash mineralization present on the property. The Company has budgeted approximately $5.4 million CAD for this drill program, and will be well positioned to prepare a NI 43-101 compliant resource calculation on the Milestone property during 2009 should drilling results be positive.

Western Potash Corp. is a mineral exploration company engaged in the evaluation, exploration and development of potash mineral properties in Western Canada. The Company intends to define and develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner.

The in-house qualified persons for the purposes of NI 43-101 guidelines are J. Patricio Varas, P. Geo and Dean Pekeski, P. Geo, both of whom have reviewed and approved the contents of this news release.

For more information on Western Potash Corp.'s projects, please visit the Company's website at: www.westernpotash.com.

ON BEHALF OF THE BOARD OF DIRECTORS

J. Patricio Varas, President and CEO

This news release contains Forward Looking Statements regarding our intentions and plans. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices and success and failure of the exploration and development carried out at various stages of the program. Readers should review risk factors applicable to junior mining exploration companies generally to understand the variety of risks that can affect the Company.

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

Contact Information

  • Western Potash Corp.
    J. Patricio Varas
    President and CEO
    (604) 689-9378
    (604) 689-8199 (FAX)
    www.westernpotash.com