November 16, 2009
Potash One
Appoints Erika Ritchie as Vice President of Environment and Regulatory
Affairs
Vancouver, BC - Potash
One Inc. (the
"Company" or "Potash One") (TSX:KCL) is pleased to announce that it has
appointed Erika Ritchie, M.Eng., P.Eng, as Vice President of
Environment and Regulatory Affairs, for its Legacy Potash project in
southern Saskatchewan.
Ms. Ritchie is a registered professional engineer with a B.S.
and a M.Eng in environmental engineering and has over 20 years experience
in environmental engineering and management. Her most recent employment
history includes roles as a Program Manager, Environmental Support as
well as Senior Environmental Specialist for Cameco Corporation
("Cameco"). Her experience at Cameco encompassed managing and
leading environmental assessment projects, including responsibility for
budgeting, scheduling, technical assessment and documentation. Further
as a Senior Environmental Specialist, she revised and implemented
corporate level environmental policy and participated in the
implementation of an Environmental Management Program (EMP). Prior to
her employment with Cameco, Ms. Ritchie worked in a Project Management
role with Environmental Consultants where she was responsible for
conducting Environmental Assessments and interacting with regulators.
In addition,
Ms. Ritchie lectures senior engineering students on Environmental
Assessment and Sustainability at the College of Engineering, University
of Saskatchewan.
With this
experience and her proven management abilities, Ms. Ritchie will bring
tremendous value to Potash One. Taking overall responsibility for the
environmental assessment process as well as construction and
operational licensing activities, Ms. Ritchie will bring focused and
professional leadership to the Company in its interactions with the
regulators and the public throughout the development of the Legacy
project.
As a new
entrant in the Saskatchewan potash industry, Potash One has taken a
pro-active approach to understanding the existing environment in the
region of the Legacy site and undertaking the scientific studies
necessary to fully understand its environmental footprint. Ms. Ritchie
will enhance the progress achieved to date and augment the Company's
efforts going forward.
Paul F.
Matysek., President and Chief Executive Officer of Potash One Inc.,
said: "Potash One is very pleased to have Erika Ritchie join the
Legacy Team. At the early stages of project development, securing
experienced leadership is key to ultimate success. We have built our
team deliberately, ensuring that we are adding the right person with
the right talent and experience at the opportune time. Having Erika
join our team accelerates and enhances our progress to bringing on
stream the first new potash facility in Saskatchewan in over 40
years."
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 well-funded TSX-listed Canadian resource Company engaged in
the exploration and development of advanced potash properties amenable
to solution mining. The Company owns a 100% interest in the 97,240 acre
Legacy Project which has an NI 43-101 compliant Measured Resource of 29
million tonnes of recoverable KCl, Indicated Mineral Resource of 222
million tonnes of KCl and an Inferred Mineral Resource of 852 million
tonnes of KCl. The Company has recently completed a pre-feasibility
study with SNC-Lavalin with robust economics at current potash pricing.
The Legacy Project is adjacent to the largest producing solution potash
mine in the world. The Company also owns more than 515,000 acres of
Potash Subsurface Exploration Permits in Saskatchewan, Canada.
Forward-Looking
Statements: Statements in this release that are forward-looking
statements are subject to various risks and uncertainties concerning
the specific factors disclosed under the heading "Risk
Factors" and elsewhere in the Company's periodic filings with
Canadian Securities Regulators. Such information contained herein
represents management's best judgment as of the date hereof based on
information currently available. 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 Company's business, including risks
inherent in mineral exploration and development. The Company does not
assume the obligation to update any forward-looking statement. There
are numerous risks and other factors that will influence a development
decision, including concluding resource evaluations on mineral properties,
extraction and processing design limitations, financing requirements,
permitting risks and economic factors, all of which may be beyond the
control of the Company.
The Toronto Stock Exchange has
neither approved nor disapproved the contents of this press release.
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