TRADING SYMBOL: TSXV:EPO
VANCOUVER, April 23, 2013 /CNW/ - Encanto Potash Corp.
("Encanto" or the "Company") (TSXV: EPO and OTCQX: ENCTF) is
pleased to announce that they have added SNC-Lavalin to the
development team for their Feasibility Study ("FS") for the
Muskowekwan Project in Saskatchewan.
SNC-Lavalin joins the study lead, Novopro
Projects, who is performing the design of the solution mining
process, processing plant, storage and shipping, along with Agapito
Associates, tasked with delivering the mining plan, ongoing reserve
estimates, detailed well design and production schedule.
SNC-Lavalin is a Canadian-based company, and a
recognized global leader in the design, engineering and
construction of mining and metallurgical projects and associated
infrastructure. SNC-Lavalin's scope of services in this project
will be to perform services around the plant utilities and required
infrastructure.
"This mandate reconfirms SNC-Lavalin's
long-standing expertise in the potash industry, and our ability to
develop and deliver full project solutions to mining companies,"
said Dale Clarke, Executive
Vice-President, SNC-Lavalin. "This project also exemplifies our
continued involvement and commitment to First Nations, and we are
excited to be working with Encanto on this project."
"We're extremely pleased to add SNC-Lavalin to
our Feasibility Study team" stated Encanto President & CEO
James Walchuck. "We believe that the
Muskowekwan Project is one of the most attractive potash projects
currently in a developmental stage. SNC-Lavalin is a key addition
to our team and brings a wealth of experience and expertise to help
us take the Project to the next stage in our quest to develop and
construct the first potash mine on First Nations Lands".
About SNC-Lavalin:
SNC-Lavalin is one of the leading engineering and construction
groups in the world and a major player in the ownership of
infrastructure, and in the provision of operations and maintenance
services. Founded in 1911, SNC-Lavalin has offices across
Canada and in over 40 other
countries around the world, and is currently working in some 100
countries. www.snclavalin.com
About Novopro Projects:
Novopro is a project development and implementation company
servicing the mining and metallurgical industries, specialising in
the potash sector with industry leading expertise in solution
mining and processing. www.novopro.ca
About Agapito Associates:
Agapito Associates Inc. ("AAI") has over 25 years of experience in
potash solution mining and has contributed to or completed multiple
Feasibility Studies and 43 101 Technical Reports ("TRs") on
Reserves for potash projects globally. For Encanto, AAI has
previously completed the Preliminary Feasibility Study ("PFS") for
the solution mine design and mine plan as well as co-authored the
NI 43-101 Technical Reports on reserves and the PFS.
www.agapito.com
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 PFS 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 and
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.
