TRADING SYMBOL: TSXV: EPO
VANCOUVER, March 25, 2013 /CNW/ - Encanto Potash Corp. ("Encanto" or the "Company") (TSXV: EPO and OTCQX: ENCTF) is pleased to announce that Dr. Simon Desjardins has been appointed to the role of Vice President of Technical Services and Project Management and Darren Svedahl has joined the Encanto team as Manager, Lands and Government Relations.
Dr. Desjardins brings critical experience to his Project Management role with Encanto as the Company conducts its Feasibility Study, including bridge engineering, and infrastructure planning necessary for production. Dr. Desjardins previously worked at Alderon Iron Ore Corp. ("Alderon") where he was responsible for port terminal management and procurement of long lead time production items.
Prior to Alderon, Dr. Desjardins was an Area Manager for Rio Tinto Alcan with responsibilities including utilities design and transport modeling/logistics and with Rio Tinto IOC as Study Manager for both rail and port facilities. Dr. Desjardins was also a member of MagIndustries Corp's Congo potash project where he regularly liaised with potash process designers, civil and mechanical leads and was responsible for the procurement of field equipment, transport logistics and constructability reviews. In addition, Dr. Desjardins spent 3 years as a Project Manager EPCM for SNC-Lavalin, working on feasibility studies for Canadian Royalties Nickel as well as construction, procurement and permitting for Xstrata Zinc, one of the world's largest global diversified mining companies.
Dr. Desjardins has earned a Bachelor of Engineering, Agriculture and Biosystems, a Master of Engineering, and a PhD in Civil Engineering, from McGill University.
Mr. Svedahl joins the project team with 20 years' experience working with the Canadian Federal government in the departments of Natural Resources Canada (NRCan) and Aboriginal Affairs and Northern Development Canada (AANDC) with his most recent position being Manager of Lands and Environment for AANDC's Saskatchewan Region. His background in geomatics, land registration systems and land management regulatory activities, as well as two decades of experience working closely with First Nations communities, other federal departments and agencies and the provincial government make Mr. Svedahl ideally suited for his new role with Encanto.
Mr. Svedahl holds a diploma in Surveying Engineering Technology from the Saskatchewan Institute of Applied Science and Technology and a Bachelor of Science Degree in Geography which he earned 'with distinction' from the University of Regina.
"We are fortunate to attract these highly skilled new members to Encanto and the Muskowekwan project" stated Encanto President and CEO Jim Walchuck. "Their unique experience with similar large scale projects as well as government and community relations will prove invaluable as we progress through feasibility studies, development and ultimately production of a large scale potash mine".
About Encanto:
Encanto Potash Corp. is a TSX Venture Exchange listed and OTCQX traded Canadian resource company engaged in the development of potash properties in the Province of Saskatchewan, Canada, the largest producing potash region in the world. Through a joint venture agreement with Muskowekwan Resources Ltd. ("MFN JV") on our flagship property, Encanto has a project land package, which totals approximately 61,000 largely contiguous acres. A Pre-Feasibility Study was released in February 2013 confirming Proven & Probable KCI Reserves totaling 162 MMt grading 28% which supports primary and secondary mining for over 50 years at an annual rate of 2.8 million tonnes.
The Company has a 100% interest in two additional potash properties in Saskatchewan: the 55,000 acre Ochapowace/Chacachas property and the 91,550 acre Spar property.
Encanto is currently exploring domestic & international strategic partnerships for the financing, development and sale of potash production from its MFN JV Property.
For additional information about Encanto Potash Corp., please visit the Company's website at www.encantopotash.com or review the Company's documents filed on www.sedar.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"James Walchuck"
Per: _________________
James Walchuck
President and CEO
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.
THE FOREGOING INFORMATION MAY CONTAIN FORWARD-LOOKING INFORMATION RELATING TO THE FUTURE PERFORMANCE OF THE COMPANY. FORWARD LOOKING INFORMATION IS SUBJECT TO A NUMBER OF KNOWN AND UNKNOWN RISKS, UNCERTAINTIES AND OTHER FACTORS THAT MAY CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE ANTICIPATED IN OUR FORWARD LOOKING STATEMENTS. SUCH RISKS AND OTHER FACTORS INCLUDE, AMONG OTHERS, THE ACTUAL RESULTS OF EXPLORATION ACTIVITIES, CHANGES IN WORLD COMMODITY MARKETS OR EQUITY MARKETS, THE RISKS OF THE MINING INDUSTRY INCLUDING, WITHOUT LIMITATION, THOSE ASSOCIATED WITH THE ENVIRONMENT, DELAYS IN OBTAINING GOVERNMENTAL APPROVALS, PERMITS OR FINANCING OR IN THE COMPLETION OF DEVELOPMENT OR CONSTRUCTION ACTIVITIES, TITLE DISPUTES, CHANGE IN GOVERNMENT AND CHANGES TO REGULATIONS AFFECTING THE MINING INDUSTRY, AND OTHER RISKS AND UNCERTAINTIES DETAILED FROM TIME TO TIME IN THE COMPANY'S FILINGS WITH THE CANADIAN SECURITIES ADMINISTRATORS (AVAILABLE AT WWW.SEDAR.COM). FORWARD-LOOKING STATEMENTS ARE MADE BASED ON VARIOUS ASSUMPTIONS AND ON MANAGEMENT'S BELIEFS, ESTIMATES AND OPINIONS ON THE DATE THE STATEMENTS ARE MADE. SHOULD ONE OR MORE OF THESE RISKS AND UNCERTAINTIES MATERIALIZE, OR SHOULD UNDERLYING ASSUMPTIONS PROVE INCORRECT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING INFORMATION CONTAINED HEREIN. THE COMPANY UNDERTAKES NO OBLIGATION TO UPDATE FORWARD-LOOKING STATEMENTS IF THESE ASSUMPTIONS, BELIEFS, ESTIMATES AND OPINIONS OR OTHER CIRCUMSTANCES SHOULD CHANGE, EXCEPT AS REQUIRED BY APPLICABLE LAW.
SOURCE: Encanto Potash Corp.
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James Walchuck
President and CEO
Tel: 604-683-2402
Martin Gagel CFA, MBA
Vanguard Shareholder Solutions
Tel: 604-608-0824
Toll Free: 1-866-918-0824
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