Passport Potash Inc.
TSX VENTURE: PPI
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Mar 14, 2011 09:30 ET
Passport Potash Inc. Finalizes Cooperative Agreement with Hopi Tribe
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 14, 2011) - Passport Potash Inc. (TSX VENTURE:PPI) is pleased to announce that it has finalized a cooperative agreement with the Hopi Tribe. Portions of Passport's Holbrook Basin potash project are adjacent to land privately owned by the Hopi Tribe (not reservation land). The agreement sets up a cooperative arrangement between Passport and the Hopi Tribe, giving Passport access across the privately owned Hopi lands to conduct exploration activities, while allowing the Tribe to share in Passport's study results.
Passport President Joshua Bleak commented: "The success of any major project will be bolstered by developing working relationships with the community. Finalizing this cooperative agreement with the Hopi Tribe is an important step in that direction, and we look forward to a productive relationship with the Tribe. We believe that cooperation with the communities, tribes, and landowners in the Holbrook Basin is key to the success of the project and will create win-win outcomes for all parties involved."
About Passport Potash
Passport Potash Inc. is a TSX-listed resource company engaged in the exploration and development of advanced potash properties. Passport has acquired a strategic position in the Holbrook Basin with land holdings encompassing over 70,000 acres. For more information regarding the Holbrook Basin, see http://www.azgs.az.gov/arizona_geology/Summer%2008.pdf.
On behalf of the Board of Directors
PASSPORT POTASH INC.
Joshua Bleak, President