Potash One Reports Appointment of Chairman of the Board
16 Mayo 2008 - 11:42AM
Marketwired
VANCOUVER, BRITISH COLUMBIA (TSX VENTURE: KCL) is pleased to
appoint David Berg, as Chairman of the Board of the Company. As an
existing member of the Board of Potash One, Mr. Berg has shown
strong leadership in developing our marketing and investor network
in China and other international markets. He has fostered a number
of key relationships, which have the potential of providing the
Company with the ability to expedite the development of the Legacy
Project and to secure future marketing contracts.
Paul F. Matysek, president and chief executive officer of Potash
One, stated, "I am pleased with the unanimous decision of our Board
to appoint David to the position of Chairman. He has a solid
business and management background. His professional and team
oriented approach coupled with his strategic thinking will
certainly help fast track our corporate mandate to move from
development to production in an expeditious manner. The Board and
my management team look forward to working closely with Dave as we
collectively focus on securing a dominant position in Canada's
largest potash-producing solution mining region."
Mr. David A. Berg has spent over 28 years of consecutive service
with one of Canada's largest publicly traded companies, Loblaw's
Group of Companies Ltd. His most recent responsibility was serving
in the capacity of Vice President of Operations for a business unit
in Western Canada representing $1.5 billion in annual revenue with
a total of 8,500 employees. Mr. Berg brings a wealth of financial
services and energy business acumen to the Board.
ON BEHALF OF THE BOARD OF DIRECTORS,
Paul F. Matysek, M.Sc., P.Geo.
About Potash One Inc.
Potash One Inc. is a Canadian resource company engaged in the
identification, acquisition, exploration and development of
advanced solution mine amenable potash properties. The Company
holds an option to acquire 100% interest in a 97,240 acre Potash
Subsurface Exploration Permit ("the Legacy Project") and owns 100%
of three other Potash Subsurface Exploration Permits covering
239,000 acres that are contiguous to the Legacy Project in
Saskatchewan, Canada. The Legacy Project was previously explored by
Imperial Oil Ltd. (now Exxon) and Lumsden Potash Corporation and is
adjacent to one of the largest producing solution potash mines in
the world. The Company has a solid balance sheet and experienced
technical and corporate management to advance its current project
to the next level.
Forward Looking Statement
This release includes certain statements that may be deemed to
be "forward-looking statements" within the meaning of the U.S.
Private Securities Litigation Reform Act of 1995. All statements in
this release, other than statements of historical facts, that
address further production, reserve potential, exploration and
development activities and events or developments that the Company
expects, are forward-looking statements. Although management
believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions such statements are
not guarantees of further performance, and actual results or
developments may differ materially from those in the
forward-looking statements. Factors that could cause actual results
to differ materially from those in forward-looking statements
include market prices, exploration and development successes,
continued availability of capital and financing, and general
economic, market or business conditions. Please see our public
filings at www.sedar.com for further information.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Contacts: Potash One Inc. Paul F. Matysek, M.Sc., P.Geo.
President and Chief Executive Officer (604) 331-4431 (604) 684-9007
(FAX) Email: info@potash1.com
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