EPM Mining Ventures Inc. adds significant acreage to its land position at Sevier Lake


TORONTO, Sept. 7, 2011 /CNW/ - EPM Mining Ventures Inc. (TSXV: EPK) ("EPM" or the "Company") announced today that it has entered into a Cooperative Development Agreement with LUMA Minerals LLC ("LUMA") to develop additional leases on the Sevier Lake that EPM did not control. LUMA won these leases as part of the competitive bidding process by the BLM when the land was offered for lease.

When commenting on the agreement, Lance D'Ambrosio, CEO of EPM, said; "We expect that this arrangement with LUMA Minerals will greatly benefit all parties involved and allow EPM to explore and develop prospective lands at the north end of the lake. It is an important step for our Company as we work to position EPM as a world-class producer of sulfate of potash."

Under the terms of the arrangement, both parties will commit the acreage to development and operation by EPM. The contract commits EPM to pay LUMA a 1.25% overriding royalty on all production from or allocated to the LUMA leases. The contract adds about 22,000 acres of additional leases to the lands EPM currently controls bringing the total to approximately 123,000 acres. As production is limited by the size of solar evaporation ponds, the additional 22% more land may allow EPM to increase its future production proportionally.

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 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 possible acquisition 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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