Whitemud Resources Inc. Initiates Sales to Trican Well Services Ltd. and Provides Operations Update



    
    /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
    DISSEMINATION IN THE UNITED STATES/
    

    CALGARY, Oct. 30 /CNW/ - Whitemud Resources Inc. ("Whitemud" or the
"Company") (TSXV:WMK) is pleased to provide an operations update.
    Whitemud has commenced shipments of Whitemud(MK) to Trican Well Service
Ltd. ("Trican") (TSX:TCW) for their Canadian oil-well cementing operations.
Whitemud(MK) is the Company's brand name for metakaolin, a supplementary
cementing material.
    "We are extremely pleased that our first commercial sale of Whitemud(MK)
to the oil-well cementing industry is to Trican, a leading oil-well service
provider in Canada," said Murray Yewchuk, Vice President, Marketing for
Whitemud. "We expect sales to the oil-well service industry to be a
significant growth driver for Whitemud and deliveries to Trican are the first
step to penetrating that market. Trican's selection of Whitemud(MK) for its
oil-well cementing operations validates our commitment to provide a reliable
supply of metakaolin for our customers across a number of diverse
applications, from oil and gas wells to construction."
    "Trican focuses on providing innovative solutions to our customers
involved in the exploration and development of oil and natural gas. Our
oil-well cement customers rely on Trican's industry-leading cement blends,"
added Kelly Soucy, Technical Supervisor for Trican. "After careful evaluation,
we are confident that Whitemud(MK) can provide a high-performance,
cost-effective and environmentally-friendly advantage to our oil-well
cementing product going forward."
    In addition to breaking into the oil-well service industry, field tests
for construction projects in Alberta have been successfully completed and have
led to initial commercial sales. Engineering and construction companies have
approved Whitemud(MK) for a number of construction projects in Alberta and
Saskatchewan. The first-such project using Whitemud(MK) was to replace a
concrete bridge deck in Saskatchewan and has been completed. Additional
projects utilizing Whitemud(MK) are underway. The Company believes that these
projects increase the exposure of Whitemud, develop a growing awareness of the
benefits of Whitemud(MK) in the construction industry and increase the demand
for Whitemud(MK).
    Management's view is that the current North American economic outlook
provides Whitemud with a good opportunity to penetrate markets because we
offer a high-performance cement additive priced well below other
high-performance cement additives.
    The Company expects to have over 15,000 tonnes of inventory of
Whitemud(MK) by mid-November 2008 which is sufficient to supply our projected
sales for 3 to 4 months. The Company has identified a number of modifications
to improve the plant efficiencies and reliability. Therefore, the Company has
scheduled a three month shutdown and plant turnaround commencing in December
2008. The scheduled shutdown will not affect the Company's ability to supply
Whitemud(MK) to its customers during the plant modification period.

    About Whitemud Resources

    Whitemud Resources Inc. (www.whitemudresources.com) is a Canadian-based
corporation that is exploiting a large kaolin deposit in southern
Saskatchewan. The Company produces Whitemud(MK), a highreactivity,
cement-grade metakaolin that enhances the performance of cement used in
construction and in oil and gas wells. The Company is positioned to benefit
from expanding North American infrastructure needs and growing environmental
pressures.

    
    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.
    

    Forward Looking Information

    This press release may contain forward-looking statements which may
include estimates, plans, expectations, opinions, forecasts, projections,
guidance or other statements that are not statements of fact, including
without limiting the generality of the foregoing, statements concerning the
impact of sales to the oil-well service industry on the growth of the Company,
the anticipated benefits of utilizing Whitemud in the construction industry,
the anticipated demand for Whitemud(MK), the Whitemud(MK) inventory for
mid-November 2008 and the projected period required for the plant shutdown and
turnaround.. Although the Company believes that the expectations reflected in
such forward-looking statements are reasonable, it cannot give any assurance
that such expectations will prove to be correct. Results of Whitemud including
its ability to deliver commercial shipments of product, its anticipated growth
and the projected period for the plant shutdown may be affected by a variety
of variables and risks factors, including without limitation, risks associated
with the fact that decision making as to the commitment and timing for the
purchase of Whitemud(MK) products are largely in the customers' control, the
economic and market risks associated with mining and mineral processing
industry in general, unanticipated hurdles arising from the plant
modifications, and the potential loss of market to the Company's competition.
As such, the future plans and objectives of Whitemud are forward-looking
statements that involve risks and uncertainties and may be based on
assumptions that could cause actual results to differ materially from those
anticipated or implied in such statements. The forgoing list of risk factors
is not exhaustive. Additional information on risk factors is included in the
Company's Annual Information Form and other public documents available under
the Company's profile on SEDAR. Although the Corporation has attempted to
identify important factors that could cause actual actions, events or results
to differ materially from those described in the forward looking statements,
there may be other factors that cause actions, events or results to differ
from those anticipated, estimated or intended. In making its forward-looking
statements, the Corporation used, among others, the following material factors
or assumptions to develop forward-looking information enumerated above: the
customer will accept Whitemud's metakaolin for its stated purpose, use of
metakaolin remains economic, government regulations governing Whitemud's title
to mineral properties and the potential use of Whitemud in infrastructure will
not change and that its permits and plant operations will not change. The
Company's forward-looking statements are expressly qualified in their entirety
by this cautionary statement. Unless otherwise required by applicable
securities laws, the Company does not intend nor does it undertake any
obligation to update or review any forward-looking statements to reflect
subsequent information, events, results or circumstances or otherwise.

    For further information on Whitemud, please visit our website at
www.whitemudresources.com

    For email alerts regarding Whitemud Resources, please go to Whitemud
Resources Inc. - Email Alerts

    %SEDAR: 00024724E




For further information:

For further information: Burl Aycock, Chairman & CEO, Whitemud
Resources, Telephone: (403) 695-1012; Ron Love, Vice President, Finance and
CFO, Whitemud Resources, Telephone: (403) 517-0040; Kelly Babichuk, President
and COO, Whitemud Resources, Telephone: (403) 517-0040; Kevin Graham, Vice
President, Communications, Whitemud Resources, Telephone: (403) 517-0040

Organization Profile

WHITEMUD RESOURCES INC.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890