Geopulse Notified of Potash Property Ownership and Work Program Rights
September 13 2011 - 4:25PM
Marketwired
Geopulse Exploration Inc. (OTCQB: GPLS) (OTCBB: GPLS) has been
informed by the Utah State Trust Lands Office that the Company is
now the legal property owner of its Paradox Basin Potash Property.
The Company was informed of their successful bid a few weeks ago,
but had to await official State Office legal notification before
any rights to the property were granted.
This notification was an important hurdle to clear. The legal
ownership notification now allows Geopulse the right to begin any
analysis or exploration work. The success of this property will be
a high priority for Geopulse. The development and expansion of it
and any additional potash properties will ensure the Company's
future asset base and share value growth.
Over the last decade, the potash industry has experienced rapid
growth as a result of rising demands for food, feed and fertilizer.
Potash was $200 a ton during the last two years and is expected to
reach $1,500 by 2020. The United States produces only about
1,200,000 tones of potash a year, but consumes 5,200,000 tones;
making it one of the largest net importers of potash in the
world.
This press release is not an offer to sell or a solicitation of
an offer to buy securities, nor shall there be any sales of the
securities in any jurisdiction in which such offer, solicitation,
or sale would be unlawful.
Safe Harbor for forward-looking statements
This release contains certain statements that are
"forward-looking" statements (as the term is defined in the Private
Securities Litigation Reform Act of 1995). Any such forward-looking
statements are inherently speculative and are based on currently
available information, operating plans and projections about future
expectations and trends. As such, they are subject to numerous
risks and uncertainties, such as general economic and business
conditions, the ability to acquire and develop specific projects,
the ability to fund operations, and other factors over which
Geopulse Exploration Inc. has little or no control. Actual results
and performance may be significantly different from expectations or
trends expressed or implied by such forward-looking statements.
Geopulse Exploration Inc. expressly disclaims any obligation to
update the statements contained in this release.
Geopulse Exploration Inc. 6565 Americas Parkway NE, Suite
200 Albuquerque, NM 87110 Ph: 505-563-5787
investorinfo@geopulseinc.com
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