/NOT FOR RELEASE OR DISTRIBTUION IN THE UNITED STATES OR FOR DISSEMINATION TO U.S. NEWS WIRE SERVICES/
TORONTO, May 31, 2012 /CNW/ - EPM Mining Ventures Inc. (TSX-V: EPK) ("EPM" or the "Company") is pleased to announce that, further to its news release dated May 22, 2012 announcing a mineral resource estimate for its Sevier Lake property in Utah, it has filed a National Instrument 43-101 ("NI 43-101") technical report entitled "Technical Report, Mineral Brine Resources of Sevier Lake Playa, Millard County, Utah" ("Technical Report") dated May 31, 2012 with an effective date of May 1, 2012. The Technical Report, which was prepared by Lawrence D. Henchel PG, Vice President Geological Services with Norwest Corporation, an independent Qualified Person in accordance with the NI 43-101, confirms the in-situ brine mineral resource estimates described in the May 22, 2012 news release.
Lance D'Ambrosio, Chief Executive Officer of the Company stated "Our new NI 43-101 resource estimate substantiates the Sulfate of Potash deposit at the Sevier Dry Lake project. Sulfate of Potash is the world's premium-priced potash so we are pleased that Norwest has recommended continued efforts to advance our work."
The complete Technical Report is posted on the SEDAR website (www.sedar.com and on the Company's website www.epmmining.com). The results of the Technical Report; in combination with the Company's ongoing engineering, geotechnical, and hydrology work; are being used in the preparation of a Preliminary Economic Assessment ("PEA") that the Company expects to release in the third quarter of 2012.
Norwest Corporation ("Norwest") is an internationally-recognized provider of consulting expertise to the energy, mining, and natural resources industries. Lawrence D. Henchel PG, Vice President Geological Services with Norwest Corporation, is the Qualified Person in accordance with the NI 43-10 responsible for the technical content of this release and has reviewed and approved it accordingly. Mr. Henchel is an independent consultant contracted by the Company.
About EPM Mining Ventures
EPM, through its wholly owned subsidiary Peak Minerals Inc., controls directly or through agreement mineral leases on more than 123,000 acres on the Sevier Dry Lake property in Millard County, Utah. EPM is targeting the future development and production of Sulfate of Potash (SOP), a premium priced fertilizer used with special crops and soil types, through a cost-effective solar evaporation methodology.
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.
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 press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements related to activities, events or developments that the Company expects or anticipates will or may occur in the future, including, without limitation, statements related to the Company's business strategy, objectives and goals; exploration of the Sevier Lake project; and the PEA. Forward-looking information is often identified by the use of words such as "plans", "planning", "planned", "expects" or "looking forward", "does not expect", "continues", "scheduled", "estimates", "forecasts", "intends", "potential", "anticipates", "does not anticipate", or "belief", or describes a "goal", or variation of such words and phrases or states that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur, or be achieved. Forward-looking information is based on a number of factors and assumptions made by management and is considered reasonable at the time such information is provided. Forward-looking information involves known and unknown risks, uncertainties, and other factors may cause the actual results, performance, or achievements to be materially different from those expressed or implied by the forward-looking information. Such factors include, among others, the inability to complete further NI 43-101 resource estimates, the inability to complete the PEA; the failure to obtain all necessary licenses to explore and develop the Sevier Lake project; inability to successfully complete additional drilling or sampling at the Sevier Lake project, as well as those factors disclosed in the Company's current Management's Discussion and Analysis, as well as other public disclosure documents, available on SEDAR (www.sedar.com). Although EPM has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in the forward-looking information, there may be other factors that cause actions, events, or results not to be as anticipated, estimated, or intended. There can be no assurance that forward-looking information will prove to be accurate. The forward-looking information contained herein is presented for the purposes of assisting investors in understanding the Company's plan, objectives, and goals and may not be appropriate for other purposes. 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.
For further information:
Chief Executive Officer
(416) 815-0700 ext. 267