TRADING SYMBOL: TSXV: EPO
VANCOUVER, March 25, 2013 /CNW/ - Encanto Potash Corp. ("Encanto" or the
"Company") (TSXV: EPO and OTCQX: ENCTF) is pleased to announce that Dr.
Simon Desjardins has been appointed to the role of Vice President of
Technical Services and Project Management and Darren Svedahl has joined
the Encanto team as Manager, Lands and Government Relations.
Dr. Desjardins brings critical experience to his Project Management role
with Encanto as the Company conducts its Feasibility Study, including
bridge engineering, and infrastructure planning necessary for
production. Dr. Desjardins previously worked at Alderon Iron Ore Corp.
("Alderon") where he was responsible for port terminal management and
procurement of long lead time production items.
Prior to Alderon, Dr. Desjardins was an Area Manager for Rio Tinto Alcan
with responsibilities including utilities design and transport
modeling/logistics and with Rio Tinto IOC as Study Manager for both
rail and port facilities. Dr. Desjardins was also a member of
MagIndustries Corp's Congo potash project where he regularly liaised
with potash process designers, civil and mechanical leads and was
responsible for the procurement of field equipment, transport logistics
and constructability reviews. In addition, Dr. Desjardins spent 3 years
as a Project Manager EPCM for SNC-Lavalin, working on feasibility
studies for Canadian Royalties Nickel as well as construction,
procurement and permitting for Xstrata Zinc, one of the world's largest
global diversified mining companies.
Dr. Desjardins has earned a Bachelor of Engineering, Agriculture and
Biosystems, a Master of Engineering, and a PhD in Civil Engineering,
from McGill University.
Mr. Svedahl joins the project team with 20 years' experience working
with the Canadian Federal government in the departments of Natural
Resources Canada (NRCan) and Aboriginal Affairs and Northern
Development Canada (AANDC) with his most recent position being Manager
of Lands and Environment for AANDC's Saskatchewan Region. His
background in geomatics, land registration systems and land management
regulatory activities, as well as two decades of experience working
closely with First Nations communities, other federal departments and
agencies and the provincial government make Mr. Svedahl ideally suited
for his new role with Encanto.
Mr. Svedahl holds a diploma in Surveying Engineering Technology from the
Saskatchewan Institute of Applied Science and Technology and a Bachelor
of Science Degree in Geography which he earned 'with distinction' from
the University of Regina.
"We are fortunate to attract these highly skilled new members to Encanto
and the Muskowekwan project" stated Encanto President and CEO Jim
Walchuck. "Their unique experience with similar large scale projects as
well as government and community relations will prove invaluable as we
progress through feasibility studies, development and ultimately
production of a large scale potash mine".
Encanto Potash Corp. is a TSX Venture Exchange listed and OTCQX traded
Canadian resource company engaged in the development of potash
properties in the Province of Saskatchewan, Canada, the largest
producing potash region in the world. Through a joint venture agreement
with Muskowekwan Resources Ltd. ("MFN JV") on our flagship property,
Encanto has a project land package, which totals approximately 61,000
largely contiguous acres. A Pre-Feasibility Study was released in
February 2013 confirming Proven & Probable KCI Reserves totaling 162
MMt grading 28% which supports primary and secondary mining for over 50
years at an annual rate of 2.8 million tonnes.
The Company has a 100% interest in two additional potash properties in
Saskatchewan: the 55,000 acre Ochapowace/Chacachas property and the
91,550 acre Spar property.
Encanto is currently exploring domestic & international strategic
partnerships for the financing, development and sale of potash
production from its MFN JV Property.
For additional information about Encanto Potash Corp., please visit the
Company's website at www.encantopotash.com or review the Company's documents filed on www.sedar.com.
ON BEHALF OF THE BOARD OF DIRECTORS
President and CEO
NEITHER 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.
THE FOREGOING INFORMATION MAY CONTAIN FORWARD-LOOKING INFORMATION
RELATING TO THE FUTURE PERFORMANCE OF THE COMPANY. FORWARD LOOKING
INFORMATION IS SUBJECT TO A NUMBER OF KNOWN AND UNKNOWN RISKS,
UNCERTAINTIES AND OTHER FACTORS THAT MAY CAUSE ACTUAL RESULTS TO DIFFER
MATERIALLY FROM THOSE ANTICIPATED IN OUR FORWARD LOOKING STATEMENTS.
SUCH RISKS AND OTHER FACTORS INCLUDE, AMONG OTHERS, THE ACTUAL RESULTS
OF EXPLORATION ACTIVITIES, CHANGES IN WORLD COMMODITY MARKETS OR EQUITY
MARKETS, THE RISKS OF THE MINING INDUSTRY INCLUDING, WITHOUT
LIMITATION, THOSE ASSOCIATED WITH THE ENVIRONMENT, DELAYS IN OBTAINING
GOVERNMENTAL APPROVALS, PERMITS OR FINANCING OR IN THE COMPLETION OF
DEVELOPMENT OR CONSTRUCTION ACTIVITIES, TITLE DISPUTES, CHANGE IN
GOVERNMENT AND CHANGES TO REGULATIONS AFFECTING THE MINING INDUSTRY,
AND OTHER RISKS AND UNCERTAINTIES DETAILED FROM TIME TO TIME IN THE
COMPANY'S FILINGS WITH THE CANADIAN SECURITIES ADMINISTRATORS
(AVAILABLE AT WWW.SEDAR.COM). FORWARD-LOOKING STATEMENTS ARE MADE BASED ON VARIOUS ASSUMPTIONS AND
ON MANAGEMENT'S BELIEFS, ESTIMATES AND OPINIONS ON THE DATE THE
STATEMENTS ARE MADE. SHOULD ONE OR MORE OF THESE RISKS AND
UNCERTAINTIES MATERIALIZE, OR SHOULD UNDERLYING ASSUMPTIONS PROVE
INCORRECT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN
THE FORWARD-LOOKING INFORMATION CONTAINED HEREIN. THE COMPANY
UNDERTAKES NO OBLIGATION TO UPDATE FORWARD-LOOKING STATEMENTS IF THESE
ASSUMPTIONS, BELIEFS, ESTIMATES AND OPINIONS OR OTHER CIRCUMSTANCES
SHOULD CHANGE, EXCEPT AS REQUIRED BY APPLICABLE LAW.
SOURCE: Encanto Potash Corp.
For further information:
President and CEO
Martin Gagel CFA, MBA
Vanguard Shareholder Solutions
Toll Free: 1-866-918-0824