Trigon and Intercontinental Potash Corp. Agree to Six-Month Option Extension


    GOLDEN, CO, Sept. 16 /CNW/ - Trigon Uranium Corp. ("Trigon" or "the
Company") (TSX-V:TEL) today announced the extension of its option to acquire
up to 50% of Intercontinental Potash Corp. ("Intercontinental Potash" or
"ICP") by six months. The Company also announced the closing of its
acquisition of the White Canyon Uranium properties, Utah, including certain
amendments to the related claims.

    Intercontinental Potash Corp.:

    Trigon holds a 37% interest in Intercontinental Potash through its
ownership of fifteen million (15,000,000) shares of IPC. (Intercontinental
Potash has 40,300,000 shares outstanding). On June 23, 2008, it was announced
that Trigon was awarded an option by Intercontinental Potash to acquire
sufficient common shares in IPC so as to maintain its original 50% interest.
The option was to expire on September 21, 2008, but now has been extended to
March 21, 2009. The amended option allows Trigon the right to acquire
10,300,000 shares of Intercontinental Potash at a price of $0.50 per share.
    The mandate of Intercontinental Potash is potash and potash-related
mineral exploration in North America and internationally. IPC holds interests
in federal prospecting permit applications for sub-surface potash rights in
the states of Utah, Colorado and New Mexico.

    Intercontinental Potash's Ochoa Project, New Mexico:

    Intercontinental Potash has sixteen federal prospecting permit
applications being processed by the Bureau of Land Management (the "Bureau")
in respect of the Ochoa Project in southeast New Mexico. An exploration plan
describing the drilling methods, drilling stipulations, and related
reclamation plans for the sixteen exploration holes, one in respect of each
permit, was submitted to the Bureau during the spring of 2008. Since then, the
Bureau has been systematically reviewing the plan progressively with IPC
according to the Bureau's rules, policies and regulations. The Bureau has
inspected the proposed drill sites, carried out inspections with respect to
water and wildlife issues, and a cultural resource survey was performed at
each drill site where no cultural artifacts were found that may impede
exploration. Currently, the requisite environmental assessment is underway. It
is understood that the Bureau is reviewing all data submitted to date. In
addition to an acceptable review of all aspects of exploration and
reclamation, other federal requirements must be met to obtain approval from
the Bureau.

    White Canyon Uranium Properties, Utah:

    Subject to regulatory approvals from the TSX Venture Exchange and the
British Columbia Securities Commission, Trigon has closed its agreement to
acquire certain Utah mining claims that was first announced on September 19,
2007. In so doing, the Company amended the Lease and Option Agreements with
Shumway Brothers Mining LLC and other arm's length owners of the properties as
described below.
    The Properties are located in the White Canyon uranium district of
Southeast Utah. The number of unpatented mining claims subject to the
agreement was decreased from 73 to 40, while the number of Utah State Leases
remains the same at three. The claims are historically known as Blue Lizard,
Giveaway, Sir Snapper, West Channel, and Yankee Girl. According to the Lease
and Option Agreement dated June 5, 2007, and Amendment to Letter Agreement,
the lease term is 20 years with an automatic extension for as long as the
properties continue to be mined. As consideration for the 20-year lease, the
Company will issue 350,000 common shares, subject to regulatory approval.
Originally the Company was to issue 450,000 shares. There are no work
commitments for the first year of the transaction; however, Trigon is
responsible for the property maintenance costs. The claims and leases are
subject to royalties ranging from nil to eight percent depending on the
Uranium Spot Price.

    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 37% 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 and specify "Trigon News" in the subject line.

    The TSX Venture Exchange has not reviewed and does not accept
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 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:; Jacqueline Wagenaar, Account Manager, T:
(416) 868-1079 x 289, E:

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