MCS McChip Resources Inc

McChip Resources Inc. (TSX VENTURE:MCS) ("McChip or the "company") is pleased to
announce signing of a lease agreement effective September 17, 2008, with Potash
Corporation of Saskatchewan (PCS-T) ("PCS") granting PCS the right to mine
potash from lands leased from the company in the Rocanville area of
Saskatchewan.


Upon signing PCS is obligated to pay the company $250,000.00 including a non
refundable option payment and fees for historical technical data provided to PCS
by the company.


Under the terms of and upon execution of the lease agreement an additional
advance of $100,000.00 shall be payable to McChip by PCS, after the execution of
a unit agreement, each year thereafter until the year in which PCS reaches
commercial production on the lands specified in the lease. These advance
payments will be recouped by PCS from actual royalties due McChip. From the date
of commercial production the company will earn a royalty on Potash Ore produced
from the leased property, at a rate equivalent to the royalty rate payable to
the Crown calculated on Potash Ore from time to time pursuant to the provision
of the regulations provided under The Crown Minerals Act of the Province of
Saskatchewan.


Richard McCloskey, President of the company said that "the extensive capital
required to develop and mine potash combined with the discontinuous leases held
by McChip would make it highly unlikely that the company would or could develop
the property on its own. This agreement enables us to benefit financially from
the long held leases without incurring additional capital risk."


Statements in this press release other than purely historical information,
including statements relating to the Company's future plans and objectives or
expected results, constitute forward looking statements. Forward looking
statements are based on numerous assumptions and are subject to all of the risks
and uncertainties inherent in the business of the Company, including risks
inherent in resource development. As a result, actual results may vary
materially from those described in the forward-looking statement.

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