Ethiopian Potash Corp. Retains ERCOSPLAN Ingenieurgesellschaft Geotechnik und Bergbau mbH to Provide Geological Supervision for the Danakil Drilling Program, Ethiopia
TORONTO, ONTARIO -- (Marketwire) -- 08/11/11 -- Ethiopian Potash Corp. (the "Company" or "EPC") (TSX VENTURE:FED)(TSX VENTURE:FED.WT) is pleased to announce that it has appointed ERCOSPLAN Ingenieurgesellschaft Geotechnik und Bergbau mbH ("ERCOSPLAN") to provide geological supervision concerning evaporite/potash drilling, coring, sampling, assaying for the Company's Danakil Project.
ERCOSPLAN is recognized by international financial institutions and regulators around the world for their potash exploration and development expertise. ERCOSPLAN's experts are members in good standing of relevant professional organizations and have long-term experiences in the potash industry. As a result of their experience and qualifications EurGeol, Dr Henry Rauche (registered under No. 729) and EurGeol, Dr Sebastiaan van der Klauw (registered under No. 756) are "Qualified Persons" as defined in the Canadian National Instrument 43-101, its Companion Policy and with Form 43.
Mr. David Wahl, President and CEO reports that "We are pleased to appoint ERCOSPLAN to aid us in our ongoing development program on the Company's flagship 481km2 potash concessions in the Danakil Depression. We look forward to ERCOSPLAN joining our team on the ground and for their guidance on the exploration and development of our Danakil Project".
About Ethiopian Potash Corp.
Ethiopian Potash Corp. (TSX VENTURE:FED)(TSX VENTURE:FED.WT) is a Canadian company based in Toronto, Ontario, and Addis Ababa, Ethiopia. Ethiopian Potash controls 481 sq km of shallow mineralization potash development concessions in the fairway of the Danakil Depression, Ethiopia. The Company has an existing 128 mil tonne resource at 21% potash and is intent on aggressively fast-tracking its properties to production.
This press release may contain forward-looking statements based on assumptions, uncertainties and management's best estimates of future events. All statements that address future activities, events or developments that the Company believes, expects or anticipates will or may occur are forward-looking information. Forward-looking information is based upon assumptions by management that are subject to known and unknown risks and uncertainties beyond the Company's control. There can be no assurance that outcomes anticipated in the forward-looking information will occur and actual results may differ materially for a variety of reasons. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligations to update publicly or otherwise revise any forward-looking information, except as may be required by law. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to the Company's filings with the Canadian securities regulators available on www.sedar.com.
Neither the 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.
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