Trigon's Intercontinental Potash Corp. receives Independent Technical Report under National Instrument 43-101 for Polyhalite Potash Fertilizer Project in New Mexico



    /NOT FOR DISTRIBUTION TO THE UNITED STATES/

    GOLDEN (DENVER), CO, Jan. 14 /CNW/ - Mr. Sidney Himmel, President and CEO
of Trigon Uranium Corp. (TSX-V: TEL; "Trigon"), and President and CEO of
Intercontinental Potash Corp. ("ICP", "Intercontinental Potash" or the
"Company") is very pleased to announce that Intercontinental Potash, owned 38
percent by Trigon, has received an independent technical report (National
Instrument 43-101 report) in respect of the Ochoa Polyhalite Project of New
Mexico. The report was prepared by Micon International Limited. The Qualified
Persons responsible for the preparation of the report were Kenneth Grace,
B.Sc., M.Sc. P.Eng., Consulting Economic Geologist, and Jane Spooner, M.Sc.,
P.Geo., Vice President, Micon International Limited. The detailed report has
been filed on SEDAR and is also available in PDF format on the website of
Intercontinental Potash at
http://www.intercontinentalpotash.com/projects/index.php?content_id=191. The
Company intends to commence drilling during the second quarter of 2009.
    Intercontinental Potash intends to explore for and develop potassium
fertilizer minerals in the Southwest United States with particular emphasis on
polyhalite. The development concept of polyhalite as an organic, non-chloride,
slow-release and multi-nutrient fertilizer is based on various historical
studies of the mineral as a potassium fertilizer. Agricultural research
testing in greenhouse environments has demonstrated that polyhalite may be an
effective source of potassium, magnesium, calcium, and sulfur as plant
fertilizer nutrients. Intercontinental Potash believes that polyhalite may be
developed as a significant new fertilizer which will provide, on a
cost-effective basis, these four nutrients in a slow-release, chloride-free
product and in that regard is intending to establish relationships with
fertilizer distribution companies for the purpose of test marketing. The
Company also believes that polyhalite may be a valuable contributor to the
potassium sulfate segment of the fertilizer products industry.
    Following are excerpts from the NI-43-101 report:
    The Ochoa Polyhalite property comprises 16 federal prospecting permits
for potassium located about 32 km. (20 miles) east-southeast of Carlsbad, New
Mexico and 27 km (33 miles) west of the Texas-New Mexico state line.
Intercontinental Potash holds 16 federal prospecting permits for potassium
covering a total area of 14,811 ha. (36,589 acres) that were issued on
November 21, 2008 by the Bureau of Land Management (BLM) with an effective
date of December 1, 2008. The term of each permit is two years, renewable for
a further two years. A drilling exploration plan in respect of the required 16
exploration holes was submitted to the BLM on May 27, 2008. The plan describes
the drilling methods, drilling stipulations and related reclamation plans.
During June 2008 the BLM inspected the proposed drill hole locations, modified
the locations and approved them with respect to water and wildlife issues. The
drilling exploration plan was modified and resubmitted as a result of this
process. A cultural resource survey was also performed for each drill site and
no cultural resource sites were identified. The drill pad locations and road
locations have been surveyed. New Mexico state lease applications in respect
of 7,205 ha (17,800 acres) remain under review.
    The property and area of interest lie outside, and approximately 14.5 (9
miles) from the eastern boundary of the area designated by the federal
government as the Known Potash Leasing Area (KPLA) which covers the area of
potash mineral reserves and resources in the upper Permian Salado Formation
east of Carlsbad, New Mexico. The mines in the Carlsbad district are the only
potash mines in the state and produce potassium chloride (potash) from the
mineral sylvite and potassium-magnesium sulphate from the mineral,
langbeinite. These potassium salts are used primarily by the fertilizer
industry as sources of potassium (or potash) and magnesium. New Mexico
accounts for the majority of United States potash production.
    The interpretation of the presence of polyhalite in the Rustler Formation
forms the basis of the business concept being developed by Intercontinental
Potash. Micon is satisfied as to the validity of the interpretation of the
geophysical data. Confirmation of this interpretation will not be gained until
drill holes are obtained by Intercontinental Potash through its own drilling
and sampling program. The occurrence of polyhalite in the area of interest has
been inferred from analysis of geophysical logs of oil and gas wells in the
Tamarisk member of the Rustler Formation at a depth of approximately 460 m
(1,500 ft). Polyhalite shows a high gamma ray response, high velocity on sonic
logs and relatively high density.
    The development concept being considered by Intercontinental Potash is
based primarily on work at the Colorado State University (CSU) Agricultural
Station by Barbarick, 1989, 1991. This work demonstrated that, in greenhouse
tests, finely ground polyhalite was an effective source of potassium,
magnesium, calcium and sulfur as fertilizer nutrients. Intercontinental Potash
and its consultant, Robert Hite, believe that polyhalite may be developed as a
new fertilizer material which will provide these four nutrients in a
slow-release, chloride-free product.
    Polyhalite, as a potential new fertilizer product, is more comparable
with other multi-nutrient potassium fertilizers such as langbeinite or
kainite, than with potassium chloride, potassium sulfate and potassium
nitrate. It has the advantage, with potassium nitrate and sulphate salts, of
being chloride-free. As with all new industrial mineral products, extensive
market analysis and market development will be required in order to promote
its use. While polyhalite has not, hitherto been commercially mined and
marketed as a multi-nutrient fertilizer product, Barbarick's and others' work
has shown that it has potential as a direct application fertilizer, when
finely ground on acid and nutrient-poor soils.
    The large number of drill holes in the area of interest provide
geophysical logs which have been used to infer the presence of polyhalite
mineralization in the Tamarisk member of the Rustler Formation. Exploration
drilling by Intercontinental Potash will be necessary in order to provide core
that can be examined and sampled directly. Physical examination of drill core
will allow accurate measurement of the thickness of the polyhalite unit.
Correlation between drill holes, and comparison with the geophysical log data
will permit assessment of the continuity of polyhalite mineralization. The
isopach map of the polyhalite unit, as derived from geophysical well log data,
indicates that it is of a thickness (averaging 8 ft or 2.4 m) that may be
mineable by conventional underground mining methods. The plan of
Intercontinental Potash to explore for polyhalite mineralization in southeast
New Mexico and to develop a market for a new direct application fertilizer
product is considered to have merit. This is particularly so in light of the
need for balanced, multi-nutrient fertilizer applications in area of acid or
poor soils. Increasing world population and pressure on agricultural land from
urbanization and industrialization mean that application of fertilizers is
essential in order to provide basic food crops.
    The Phase I drilling program is designed to confirm the presence of
polyhalite. Phase I drilling will comprise 16 holes from which core samples of
the target layer will be collected. One hole will be located on each of the
federal prospecting permits. Initial drilling will include the twinning of oil
and gas exploration wells in order to permit direct comparison of core data
with the geophysical log data previously analyzed for the presence of
polyhalite. The estimate includes gamma logging and analysis of core samples
(24 m or 80 ft of coring is anticipated for each hole). Contingent upon the
success of the Phase I drilling program, the objective of the Phase II
drilling program will be to provide sufficient information to allow the
estimate of a mineral resource within a defined area. Initial metallurgical
test work will be directed towards assessing the amenability of sampled
material to provide a polyhalite concentrate with a focus on dry beneficiation
methods. Preliminary economic assessment, including further
metallurgical/mineralogical test work, market analysis and preliminary
agronomic studies, will follow.
    Micon considers that the work program is suitable to meet the objectives
of Intercontinental Potash and that the estimated budget is reasonable. Micon
recommends that Intercontinental Potash continues with its efforts to acquire
exploration permits and fee land and proceeds with the proposed drilling
program.
    The geological aspects of this press release were reviewed by Susan
Wager, a Qualified Person, who works on a full-time basis for the Company.

    About Trigon Uranium Corp. and Intercontinental Potash Corp.

    Trigon Uranium Corp. is a uranium exploration and development company
focused on deposits of the United States Southwest, with operations focused
from its Golden, Colorado office. Trigon holds approximately 38% of
Intercontinental Potash Corp., a private company involved in the acquisition,
exploration, and development of potash and potash-related mineral lands in the
United States Southwest. Trigon provides management services to
Intercontinental Potash in respect of exploration and administration. The
shares of Trigon trade on the TSX Venture Exchange under the symbol "TEL".
    Should you wish to receive Trigon news via email, please email
mirna@chfir.com and specify "Trigon News" in the subject line.

    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. This release
includes certain statements that may be deemed "forward-looking statements".
All statements in this release, other than statements of historical facts,
that address future developments that Trigon expects to occur, are
forward-looking statements. Although Trigon believes the expectations
expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and
actual results or developments may differ materially from those in the
forward-looking statements. Factors that could cause actual results to differ
materially from those in forward looking statements include market prices,
exploitation and exploration successes, and continued availability of capital
and financing and general economic, market or business conditions. Investors
are cautioned that any such statements are not guarantees of future
performance and actual results or developments may differ materially from
those projected in the forward-looking statements. Except as expressly
required by securities laws, Trigon does not assume any obligation to update
or revise its forward-looking statements, whether as a result of new
information, future events or otherwise.

    %SEDAR: 00021118E




For further information:

For further information: please visit www.trigonuraniumcorp.com or
contact: Trigon Uranium Corp., Sidney Himmel, President and CEO, T: (303)
216-2916; CHF Investor Relations, Jeanny So, Director of Operations, T: (416)
868-1079 x 225, E: jeanny@chfir.com; Jacqueline Wagenaar, Account Manager, T:
(416) 868-1079 x 289, E: jacqueline@chfir.com

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