October 7, 2009
NEWS RELEASE
ENCANTO POTASH
CORP. ANNOUNCES 2D SEISMIC HAS BEGUN ON THE MUSKOWEKWAN FIRST NATIONS
LANDS
FOR IMMEDIATE RELEASE Trading
Symbol: TSXV EPO.V
Encanto Potash Corp. ("Encanto"
or the "Company") is pleased to announce it has commenced a 2D seismic
program on the Muskowekwan First Nations lands which are located approximately
100 kilometres north of Regina, Saskatchewan.
The Muskowekwan lands consist of 43,000
acres of gentle rolling plains. To date six oil and gas wells surround
the Muskowekwan Exploration Participation Agreement ("EPA") lands
and have shown at least three potash beds are present in each of these
wells.
"We are pleased and excited to see
Encanto commence potash exploration on our Muskowekwan First Nations
lands," says Muskowekwan Chief Reg Bellerose. "The economic potential
and benefits resulting from a potash mine has our entire community excited.
The exploration agreements the Muskowekwan have with Encanto and the
planned exploration program fully respect our treaty rights and stewardship
of our land. We look forward to working with Encanto and moving this
project forward."
This is the seventh EPA that Encanto
has signed with First Nations in Saskatchewan, totaling approximately
187,000 acres (75,675 hectares). This does not include the Spar Property
that has recently been purchased from Lion Energy Corp. (formerly Raytec
Metals Corp.).
As soon as this seismic survey is complete
at the Muskowekwan lands, Encanto will begin another 2D seismic program
at the nearby Daystar First Nations lands. Encanto has a fall 2009 budget
of $6,500,000 of flow-through money required to be spent by December
31, 2009. These flow through funds have been earmarked to include
2D and 3D seismic testing, as well as drilling several holes in the
respective areas.
Encanto Chief Executive Officer James
Walchuck states, "The Muskowekwan lands are in the heart of some of
the best potash lands in the world and we are very excited to begin
our 2D seismic work."
About Encanto:
Encanto Potash Corp.
is a TSX Venture Exchange-listed Canadian resource company engaged in
the exploration and development of potash properties in the Province
of Saskatchewan, Canada - the largest producing region for potash
in the world.
To find out more about
Encanto Potash Corp., please visit the company website at www.encantopotash.com or review the documents filed on www.sedar.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"James
Walchuck"
Per:
For further information please contact:
James Walchuck Keith Schaefer
President and CEO Vanguard Shareholder Solutions
Tel: 604-683-2402 Tel: 604-608-0824
Toll Free: 1-866-918-0824
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.