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TRADING SYMBOL: TSXV: EPO
VANCOUVER, March 4, 2013 /CNW/ - Encanto Potash Corp. ("Encanto" or the
"Company") (TSXV: EPO and OTCQX: ENCTF) is pleased to announce that it
is in receipt of its Water Rights Licence (the "Licence"), delivered by
the Saskatchewan Water Security Agency as an assurance of process water
for the Company's Muskowekwan solution potash mine.
"Securing the Licence for a reliable and long term water supply from
Buffalo Pound Lake for our project is another critical step to move
towards a producing potash mine on the flagship Muskowekwan property"
stated Encanto President and CEO, Jim Walchuck. "This water rights
licence falls exactly in line with the estimates for water usage and
costs foreseen in our Pre-Feasibility Study which we filed February 28th, 2013".
The 12,000 cubic decameters granted annually through this licence
matches what was requested by the Company and is sufficient to operate
the solution mine at its full planned capacity of 2.8M mtpy.
The technical content of this news release has been reviewed by Jim
Walchuck, P. Eng., a qualified person as defined by NI 43-101.
About Encanto:
Encanto Potash Corp. is a TSX Venture Exchange listed and OTCQX traded
Canadian resource company engaged in the development of potash
properties in the Province of Saskatchewan, Canada, the largest
producing potash region in the world. Through the a joint venture
agreement with Muskowekwan Resources Ltd. ("MFN JV") on our flagship
property, Encanto has a project land package, which totals
approximately 61,000 largely contiguous acres. A Pre-Feasibility Study
was released in February 2013 confirming Proven & Probable KCI Reserves
totaling 162 MMt grading 28% which supports primary and secondary
mining for over 50 years at an annual rate of 2.8 million tonnes.
The Company has a 100% interest in two additional potash properties in
Saskatchewan: the 55,000 acre Ochapowace/Chacachas property and the
91,550 acre Spar property.
Encanto is currently exploring domestic & international strategic
partnerships for the financing, development and sale of potash
production from its MFN JV Property.
ON BEHALF OF THE BOARD OF DIRECTORS
"James Walchuck"
Per: _________________
James Walchuck
President and CEO
