Western Potash Corporation
Acquisition, evaluation and exploration of potash mineral properties in Western Canada.
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Message: Western Potash Corp. Submits Milestone Environmental Impact Statement and Update
Western Potash Corp. (TSX: WPX) (FSE: AHE) (“the Company”) has submitted an Environmental Impact Statement (“EIS”) for the proposed Milestone potash solution mine, located approximately 30 km Southeast of Regina and 80 km Southeast of Mosaic’s Belle Plaine mining lease. The EIS was prepared and submitted to the Saskatchewan Ministry of Environment (“MOE”) in conformance with the Government of Saskatchewan’s “Environmental Assessment Act.”
The EIS describes innovative features designed to minimize the potential impacts to the environment, while optimizing social and economic benefits to the local and regional communities.
The EIS comprises a comprehensive series of coordinated studies that rely upon substantial data collection and analysis. The Baseline studies include the study of: wildlife, surface water quality, air quality, aquatic biota, soil, and vegetation with a focus on potential project-environment interactions, as well as, socio-economic components. The EIS includes records of all engagement meetings with the members of the local communities, the First Nations and Métis communities, and government and regulatory agencies. Once all necessary approvals are in place, the environmental monitoring and follow up programs will be outlined.
Golder Associates Ltd. (“Golder”) of Saskatoon, Saskatchewan assisted Western Potash Corp. with the preparation of the EIS. Golder is an employee-owned, global company providing consulting, design, and construction services in earth, environment, and related areas of energy. Golder was chosen by the Company, because of their commitment to technical excellence and their experience with environmental assessment work for other potash projects in Saskatchewan. Canada North Environmental Services (“CanNorth”), an ISO 9001 and 14001 certified 100% Aboriginal owned company based in Saskatoon, provided environmental impact assessment expertise related to the Company’s option of using recycled water from the City of Regina. CanNorth was chosen due to their highly regarded specialty skills and extensive experience in and near the Project area.
Patricio Varas, Western Potash Corp.’s CEO and President commented:
“In 2010, the Western Potash Corp. environmental team was put together at our Company offices in Regina, Saskatchewan, in order to prepare and facilitate the EIS work for the Milestone Project. Today, after a coordinated effort between all the regulatory agencies and our team we are pleased to be submitting a critical document that will go a long way to de-risking the Milestone Project and ultimately create lasting value for our shareholders.”
Following a technical review by the regulatory agencies, the EIS will be input on the MOE’s website and available for public review. At present, Western Potash Corp. expects this to occur sometime in Q4 2012.
The Milestone Project is being designed as a solution potash mine with a minimum of 40 years of mining at a full production rate of 2.8 million tonnes per year. In June 2012, the City of Regina approved Key Commercial Terms that will allow a large portion of the City’s treated sewage effluent to be diverted to the Milestone Project.
Patricio Varas elaborated:
“We know that effective water governance requires the involvement of a broad range of stakeholders. Western Potash Corp. is but one stakeholder. We recognize that the sustainable development of natural resources requires detailed attention to water use. Water has value in economic, social and environmental terms. The natural resource sector will continue to be the most significant user of water in Saskatchewan and we believe it falls to those natural resource development companies to demonstrate the kind of leadership and innovation that we hope will become more prevalent in industry. We at Western are planning a very innovative use of water in the development of our Potash Solution Mine.”
The Milestone Feasibility Study is now drawing to a close with a completion date set for late November 2012. In addition, Western Potash Corp. remains involved in ongoing negotiations with numerous parties, any of which could lead to equity and debt financings, joint ventures, takeovers or other types of merger transactions to advance the development of the Milestone project.
For more information on Western Potash Corp.’s projects, please visit the Company’s website at: www.westernpotash.com.
ON BEHALF OF THE BOARD OF DIRECTORS
“J. Patricio Varas”
J. Patricio Varas
President and CEO
Cautions Regarding Forward-Looking Statements
Western Potash cautions the reader that there is no guarantee that any of the matters set out above, including the EIS, are in full compliance with the requirements of the MOE, will completely meet their expected uses, or be accepted by the MOE for its purposes or meet all of its requirements. Except for statements of historical fact relating to Western Potash, certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the EIS and the Milestone Feasibility Study, timelines for completion of various steps related to the foregoing; and the ability of Western Potash to develop the Milestone Project. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Western Potash to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including: the receipt of all necessary approvals; the ability to conclude a transaction; uncertainty of future production, capital expenditures and other costs; financing and additional capital requirements; the receipt in a timely fashion of any further permitting for the Milestone Project; legislative, political, social or economic developments in the jurisdictions in which Western Potash carries on business; operating or technical difficulties in connection with mining or development activities; and the risks normally involved in the exploration, development and mining business. Although management of Western Potash has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward looking information. Western Potash does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance with applicable securities laws.
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