oligator : Potash North Resource Corp.
TSX VENTURE: PON
Jun 05, 2008 19:30 ET
Potash North Resource Corporation: Second Potash Permit Issued
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 5, 2008) - Further to the news release of Potash North Resource Corporation (the "Company") (TSX VENTURE:PON) of June 3, 2008 disclosing that the Company anticipated the issuance of a second potash permit shortly, the Company is pleased to announce that it has been provided confirmation from the Saskatchewan Mines Branch that such potash permit has now been formally issued in respect of potash permit application KP 417 covering approximately 95,800 acres. The Company holds rights to acquire potash permit KP 417, as well as the contiguous potash permit KP 416 issued previously, under a Memorandum of Agreement (the "Peninsula Agreement") with Peninsula Merchant Syndications Corp., as described in greater detail in the Company's news release of May 12, 2008 (disseminated under its former name "Timer Explorations Inc." and symbol "TES").
ON BEHALF OF THE BOARD
David Baker, President
This press release contains "forward-looking information" that is based on Potash North's current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, statements with respect to Potash North's mineral discoveries, plans, outlook and business strategy. The words "may", "would", "could", "should", "will", "likely", "expect", "anticipate", "intend", "estimate", "plan", "forecast", "project" and "believe" or other similar words and phrases are intended to identify forward-looking information.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Potash North's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: uncertainties related to drilling results; the ability to raise sufficient capital to fund exploration; changes in economic conditions or financial markets; changes in prices for Potash North's mineral products or increases in input costs; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters.
This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. Potash North disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
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Potash North Resource Corporation