EPM Mining Ventures Inc. Announces Commencement of Drilling and Brine Analysis Program

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TORONTO, Sept. 1, 2011 /CNW/ - EPM Mining Ventures Inc. (TSXV: EPK) ("EPM" or the "Company") announced today that is has, through its wholly-owned subsidiary Peak Minerals Inc., received the necessary permits to begin a drilling program on its sulfate of potash (SOP) project located at Sevier Dry Lake in Millard County, Utah. The initial permit covers leases issued by SITLA that total about 6,409 acres. Additionally, the Company has filed for, and expects to receive, permits on the leases issued by the BLM, which total about 95,172 acres. EPM expects to receive the BLM permits within the next few months.

"We anticipate that this drilling and analysis program will confirm more than 15 years of historical data that indicates the potential of the Sevier Dry Lake to become a world-class SOP producer" commented Lance D'Ambrosio, CEO of EPM. "This work should lead to a definitive feasibility study that we expect to present to our shareholders in the first half of 2012".

The drilling program is intended to define the stratigraphy of the sediments in the Sevier Dry Lake as well as to produce brine samples for independent chemical assay and analysis. EPM will make the results of these assays available as work is completed. Further, EPM expects the results of these studies to support the completion of a definitive feasibility study, which the company expects to produce in the first half of 2012.

Earth Probe and Boart Longyear have been contracted for drilling services in conjunction with CH2M Hill and Norwest, which will provide over-all engineering and analytical support.

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.

About EPM Mining Ventures

EPM Mining Ventures, through its wholly owned subsidiary Peak Minerals Inc., controls mineral leases on more than 100,000 acres on the Sevier Dry Lake property in Millard County, Utah. EPM plans to utilize a cost-effective solar evaporation process to develop and produce Sulfate of Potash (SOP), a premium-priced fertilizer used on specialty crops and chloride-sensitive soils. The Company is currently engaged in engineering and chemical analysis designed to support the completion of a definitive feasibility study.  For more information on the Company, please visit our web site at www.epmmining.com

Forward-Looking Information

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, information with respect to the Offering, the sale of the Common Shares to Tata by Mr. D'Ambrosio and Mr. Gentry and EPM's future business. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", or "believes" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Forward-looking information is based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of EPM to be materially different from those expressed or implied by such forward-looking information, including risks associated with the future business and development of the company and the actual terms of any agreement that would be entered into in respect of the transactions described in this press release. Although EPM has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. EPM does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

SOURCE EPM Mining Ventures Inc.

For further information:

Lance D'Ambrosio
Chief Executive Officer
(801) 485-0223

Patrick Piette
TMX Equicom
416-815-0700 ext.267

Profil de l'entreprise

EPM Mining Ventures Inc.

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