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Last updated on April 20, 2014 at 21:20 EDT

North Atlantic Potash announces results from Stockholm exploration program

January 21, 2013

SASKATOON, Jan. 21, 2013 /CNW/ - North Atlantic Potash Inc., (North Atlantic) the Canadian subsidiary of
JSC Acron, drilled one exploration well this fall on KP 421, the
company’s wholly owned potash permit holding near Esterhazy,
Saskatchewan (“Stockholm”).

Two high-grade potash members were intersected. The Belle Plaine Member
yielded 42% KCL over 2.5 metres and the Esterhazy Member yielded 36%
KCL over 2.3 metres. The Esterhazy Member is known for its extremely
favourable potash characteristics of being high grade, with very low
clay content, and of a coarse texture. Although the results were
similar to an historic hole 5 km north an accurate definition of the
resource potential of this property will require additional seismic
surveying and drilling.

“With such extensive property holdings, we are pleased with the progress
of our methodical and systematic exploration to evaluate our
opportunities,” said Arie Zuckerman, President of North Atlantic
Potash. “The world will require the equivalent of an additional potash
mine a year over the next decade as the global population grows despite
the year over year fertilizer market fluctuation.  We strongly believe
our Saskatchewan potash assets are well positioned to support this
critical need.”

The Stockholm Property is approximately 25 kilometres west of two
producing mines owned and operated by the Mosaic Company near
Esterhazy, Saskatchewan.

“The results we received from this drill hole confirmed our expectations
about the potential of this particular permit,” added David Waugh, CEO
of North Atlantic Potash. “Being next door to the largest producing
potash mine in Saskatchewan and intersecting strong potash yields,
allows North Atlantic to proceed with the further delineation of the
property with added confidence.”

On January 7, 2013 North Atlantic released a 43-101 compliant Resource
Summary Report for their Foam Lake property which confirmed 942 million
tonnes in-place at 19% K(2)O (30% KCL) with 218 million tonnes Indicated and 724 million tonnes
Inferred. The report was prepared by the internationally recognized
potash geologic firm North Rim Exploration Ltd.

North Atlantic Potash
North Atlantic Potash Inc. is focused on development of potash
production in Canada. We currently possess one of the largest potash
permitted acreages in the world over the Saskatchewan Potash belt. Our
business was established in 2008 with the acquisition of over 2.1
million acres of exploration permits with the goal to develop a potash
mine.  www.northatlanticpotash.com

JSC Acron
Acron is a fast-growing group of interrelated companies and one of
the leading global mineral fertilizer producers. Key business
segments include ammonia, nitrogen and complex mineral fertilizers, as
well as organic and non-organic compounds. The Group includes three
major production facilities, its own logistics infrastructure, an
international sales network, and is investing in its own raw material
base. www.acron.ru/en/

SOURCE North Atlantic Potash Inc.


Source: PR Newswire