October 1, 2008
Potash One Appoints Douglas B. Forster, B. Sc., M.Sc., P. Geo. As a Director
Potash One Inc. (the "Company" or "Potash One") (TSX: KCL) is pleased to announce that Douglas B. Forster has joined the Company's board of directors.
Mr. Forster brings over 27 years of experience in the mineral exploration and mine development industry to the Potash One board. He has extensive experience and a proven track record in resource project development, mergers and acquisitions, equity finance and public company management. Over the past 20 years Mr. Forster has been a founder, advisor, senior executive or director of numerous publicly traded mineral exploration and mine development companies listed on North American Stock Exchanges. Some of these include Taseko Mines Limited, Continental Gold Corp., El Condor Resources Ltd., North American Metals Corp., Farallon Resources Ltd. and Rubicon Minerals Corp.
Mr. Forster has been involved in the acquisition, financing and advancement of a number of large-scale mine development projects in Canada including the Kemess South, Mt. Milligan and Prosperity gold-copper projects and the Kitsault molybdenum project.
Mr. Forster is currently President and CEO of Featherstone Capital Advisors Inc. which provides general corporate development, financial and capital markets advice to growth oriented companies in the mining sector. He holds a B.Sc. and M.Sc. in Geology and is a registered member of the Association of Professional Engineers and Geoscientists of British Columbia. He is also a director of Calibre Mining Corp a gold-copper mineral exploration company listed on the TSX Venture Exchange.
Paul F. Matysek, President and Chief Executive Officer of Potash One Inc., said "I am very pleased to welcome Doug to Potash One on behalf of the Board. He brings a wealth of experience in corporate development, the capital markets and access to an extensive institutional network. I have worked with Doug for the last 25 years and I know that he will contribute significantly to the advancement of the Legacy Project."
ON BEHALF OF THE BOARD OF DIRECTORS,
Paul F. Matysek, M.Sc., P.Geo., President and Chief Executive Officer
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 owns 100% of a 97,240 acre Potash Subsurface Exploration Permit in Saskatchewan, Canada (the "Legacy Project"). The Legacy Project was previously explored by Imperial Oil Ltd. (now Exxon) and Lumsden Potash Corporation and is adjacent to the largest producing solution potash mine in the world. In addition, the Company owns 100% of three other Potash Subsurface Exploration Permits over 230,000 acres that are contiguous to the Legacy Project. The Company has a NI 43-101 resource, a solid balance sheet, and experienced technical and corporate management to advance the Legacy Project to the next stage.
Contacts: Potash One Inc. Paul F. Matysek, M.Sc., P.Geo. President and Chief Executive Officer (604) 331-4431 (604) 408-4799 (FAX) Email: [email protected] Website: www.potash1.com
SOURCE: Potash One Inc.