Karnalyte Resources Inc. announces details of Annual and Special Meeting

CALGARY, May 30, 2013 /CNW/ - Karnalyte Resources Inc. ("Karnalyte" or the "Corporation") (TSX: KRN) today announced that it will hold its Annual and Special Meeting on Thursday, June 20, 2013. The meeting will take place at the Foothills Centennial Centre, #4, 204 Community Way, Okotoks, Alberta, T1S 2N3, at the hour of 1:00 p.m. MT.

Following the official business Karnalyte's Annual General Meeting, President and CEO, Robin Phinney will make a presentation on the Company at 1:15 p.m. MT. Interested parties may access the conference call by dialing [phone] or 1-888-231-8191. The conference call will be archived for replay until Thursday, June 27, 2013 at midnight. To access the archived conference call, dial [phone] or 1-855-859-2056 and enter the reservation number 85768854 followed by the number sign.

About Karnalyte Resources Inc.

Karnalyte is engaged in the business of exploration and development of high quality agricultural and industrial potash and magnesium products. Karnalyte intends to develop and extract a carnallite - sylvite mineral deposit through a known solution mining process at competitive costs and with minimal environmental impacts. Using a staged approached to potash plant construction, the Corporation plans to operate a solution mining facility that will initially produce 625,000 tonnes of potash per year, increasing to 2.125 million tonnes of potash per year. Karnalyte owns a 100% interest in Subsurface Permit KP 360A and Subsurface Mineral Lease KLSA-010 located near Wynyard, Saskatchewan, comprising a total of 85,126 acres.

SOURCE: Karnalyte Resources Inc.

Robin Phinney, President & Chief Executive Officer
Ron Love, Executive Vice-President Finance & Chief Financial Officer
Telephone: [phone]
E-mail: [email protected]
Website: www.karnalyte.com