CALGARY, June 30, 2014 /CNW/ - Karnalyte Resources Inc. ("Karnalyte" or the "Corporation") (TSX: KRN), announces today that Mr. Robin Phinney has resigned from the
Corporation's board of directors effective June 27, 2014:
"On behalf of our board of directors and all Karnalyte employees, I wish
to thank Robin for his significant contributions to the Corporation and
wish him well in his future endeavors," stated Bruce Townsend, Chair of
the Board of Directors of Karnalyte Resources Inc.
About Karnalyte Resources Inc.
Karnalyte is engaged in the business of exploration and development of
high quality agricultural and industrial potash and magnesium products.
Karnalyte intends to develop and extract a carnallite - sylvite mineral
deposit through a known solution mining process at competitive costs
and with minimal environmental impacts. Once financing is obtained to
potash plant construction, the Corporation plans to operate a solution
mining facility that will initially produce 625,000 tonnes of potash
per year, increasing to 2.125 million tonnes of potash per year.
Karnalyte owns a 100% interest in Subsurface Permit KP 360A and
Subsurface Mineral Lease KLSA-010 located near Wynyard, Saskatchewan,
comprising a total of 85,126 acres.
SOURCE: Karnalyte Resources Inc.
For further information:
Thomas Drolet, President & Chief Executive Officer
Ron Love, Executive Vice-President Finance & Chief Financial Officer
Telephone: (403) 995-6560