SOP

EPM Mining Ventures Inc. ("EPM" or the "Company") (TSX VENTURE:EPK)
(OTCQX:EPKMF) is pleased to announce that the Utah State Engineer has approved
all water rights applications for its Sevier Lake Playa Sulphate of Potash
("SOP") Project located in southwestern Utah (the "Project"). In total, five
applications were granted in full as the Company had requested. 


"We are very pleased with the Utah State Engineer's decision to approve all
applications for our project," said Lance D'Ambrosio, Chief Executive Officer of
EPM. "These water rights represent the culmination of a multi-year effort, mark
a significant milestone that substantially de-risks the project, and most
importantly, provide us with all the water specified in our preliminary
feasibility study filed last November. I want to personally thank everyone at
the State Engineer's office and the entire EPM team for their contributions and
to commend both groups for their professionalism. We look forward to completing
the remaining permits so we can start building our specialty fertilizer
project."


The five water rights applications approved by the Utah State Engineer grant
sufficient brine as well as fresh water for the Sevier Playa Project to operate
at its projected production capacity of 300,000 metric tonnes of SOP per year.
The State Engineer considered the filings as "distinct and separate" from other
water rights applications in the subject area and imposed no restrictions beyond
those presented by the Company in its applications. 


About EPM Mining Ventures

EPM is an exploration-stage company focused on specialty fertilizers. Through
Peak Minerals Inc., its indirect wholly-owned subsidiary, EPM controls directly
or through agreement mineral leases on more than 124,000 acres on its Sevier
Lake Playa property in Millard County, Utah. With a brine resource known to
contain potassium, magnesium, sulphate, lithium, and a suite of other beneficial
minerals, EPM is targeting the development and production of specialty
fertilizers, including SOP, through the use of a cost-effective solar
evaporation process. SOP and other specialty fertilizers are used in the
production of high value, chloride-sensitive crops such as fruits, vegetables,
and tree nuts. With the recent completion of a Preliminary Feasibility Study,
the Company is currently engaged in engineering and analysis designed to support
a feasibility study, environmental permitting, and ultimately mineral
production. 


For more information, please visit our web site at www.epmmining.com. 

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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
EPM Mining Ventures Inc.
Lance D'Ambrosio
Chief Executive Officer
(801) 485-0223
www.epmmining.com

Source Exploration Corp. (TSXV:SOP)
Historical Stock Chart
From Apr 2024 to May 2024

Source Exploration Corp. (TSXV:SOP)
Historical Stock Chart
From May 2023 to May 2024