/NOT FOR RELEASE OR DISTRIBTUION IN THE UNITED STATES OR FOR DISSEMINATION TO U.S. NEWS WIRE SERVICES./
TORONTO, March 15, 2012 /CNW/ - EPM Mining Ventures Inc. (TSXV: EPK) ("EPM" or the "Company") announced today it has received favorable decisions from the Interior Board of Land Appeals ("IBLA") concerning two petitions filed in 2011 by Southern Utah Wilderness Alliance ("SUWA') that were attempting to invalidate the BLM's leasing decision and stop all exploration activities on the Sevier Lake.
Lance D'Ambrosio, CEO of EPM, said; "We have always believed that SUWA's petitions to the IBLA lacked merit and that the BLM and EPM would prevail. Though our operations were never impacted during this process, we clearly are delighted that the IBLA has rejected these efforts to halt exploration and development of this project."
SUWA filed two separate petitions to stay with the IBLA. The first related to the Bureau of Land Management ("BLM") approving the Sevier Lake Competitive Potash Leasing Proposal while the second related to the approval of the Sevier Lake Exploratory Testing Proposal.
In its ruling, the IBLA rejected SUWA's arguments that the BLM failed to adequately consider the likely direct, indirect, and cumulative impacts of leasing on air quality, water quantity, and wildlife. It expressly found that an Environmental Impact Study was not required prior to the leasing action or the exploration phases of the Sevier Lake.
These rulings clear the way for EPM to continue exploration and development of its Sevier Lake project.
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 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.
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.
For further information:
Chief Executive Officer