Pacific Potash Obtains Drill Permits For 100% Owned Provost Potash Property
October 18 2011 - 6:02PM
PR Newswire (Canada)
VANCOUVER, Oct. 19, 2011 /CNW/ - Pacific Potash Corporation
("Pacific Potash" or the "Company") is pleased to announce that it
has obtained permits for two potash drill holes on its 100% owned
Provost Potash Property located in Alberta, Canada. Site
construction is currently underway and the drill rig is scheduled
to be mobilized to the location of the first drill hole this
weekend, with drilling to commence shortly thereafter. The Company
has retained Taylor Land Services whom have assisted with the
permitting process, site selection and negotiations with surface
rights holders. The Company has retained Barlon Engineering to
conduct and manage the potash exploration drilling program. PACIFIC
POTASH ENTERS INTO INVESTOR RELATIONS CONTRACT Pacific Potash
Corporation has signed an investor relations contract with Noble
Investment Corp. (the "Consultant") to provide investor relations
and corporate communications services to the Company. The contract
has a term of 3 months. Under the contract, the Company has agreed
to pay the Consultant $5,000 per month and grant 200,000 options,
exercisable at the price of 40 cents for a period of 12 months.
These options shall be governed by the Company's option plan, vest
quarterly and comply with Policy 4.4 of the TSX Venture Exchange
(the "Exchange"). The Consultant is an investor relations company
and Dan Patience, of Calgary, Alberta, Canada is the President. The
Consultant is not related to the Company, does not have any direct
or indirect material interest in the Company or its securities,
other than the stock options as described above. The contract with
the Consultant is subject to Exchange approval. Pacific Potash has
terminated their Investor relations contract with Octobaan IR
capital. The Company would like to thank Octobaan for their
services over the last three months and wishes them well in their
future endeavors. On behalf of the Board, Pacific Potash
Corporation Steven Khan, MBA, CFA Director & CEO 604-629-7083
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. Caution concerning forward-looking
information This press release contains "forward-looking
information" and "forward-looking statements" within the meaning of
applicable securities laws. This information and statements address
future activities, events, plans, developments and projections. All
statements, other than statements of historical fact, constitute
forward-looking statements or forward-looking information. Such
forward-looking information and statements are frequently
identified by words such as "may," "will," "should," "anticipate,"
"plan," "expect," "believe," "estimate," "intend" and similar
terminology, and reflect assumptions, estimates, opinions and
analysis made by management of Pacific Potash in light of its
experience, current conditions, expectations of future developments
and other factors which it believes to be reasonable and relevant.
Forward-looking information and statements involve known and
unknown risks and uncertainties that may cause Pacific Potash's
actual results, performance and achievements to differ materially
from those expressed or implied by the forward-looking information
and statements and accordingly, undue reliance should not be placed
thereon. Risks and uncertainties that may cause actual results to
vary include but are not limited to the availability of financing;
fluctuations in commodity prices; changes to and compliance with
applicable laws and regulations, including environmental laws and
obtaining requisite permits; political, economic and other risks;
as well as other risks and uncertainties which are more fully
described in our annual and quarterly Management's Discussion and
Analysis and in other filings made by us with Canadian securities
regulatory authorities and available at www.sedar.com. Pacific
Potash disclaims any obligation to update or revise any
forward-looking information or statements except as may be required
by law. Pacific Potash Corp. CONTACT: visit our website at
www.pacificpotash.com or contact investorrelations:Richard
TremblayPacific Potash CorporationTel: 604-629-7095Toll free:
1-855-629-7095Email: rtremblay@pacificpotash.com
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