NewsAllana Potash Initiates Environmental and Social Impact Assessment on its Ethiopian Potash Project
TORONTO, ONTARIO--(Marketwire - Aug. 24, 2011) -Allana Potash Corp. (TSX VENTURE:AAA) ("Allana" or the "Company"), ispleased to announce that it has awarded an Environmental and SocialImpact Assessment Study ("ESIA") to Environmental Resources Management("ERM"). The ESIA is scheduled for completion in Q3 2012 and will forman integral part of the Feasibility Study the Company plans to initiateshortly.
ERM is a widely recognized world leader in environmental andsocial studies on a wide range of projects including mining projectsthroughout the world and for clients such as Anglo American and NorthernPeru Copper Company. ERM has offices in 40 countries worldwide andAllana's project will be coordinated out of South Africa. In addition toERM staff, Ethiopian environmental consulting firms, such as BelesEngineering, will be involved in the ESIA.
Farhad Abasov, Allana's President and CEO, stated: "Allana isvery pleased to engage ERM to complete an ESIA Study for our potashproject. As a world leader in environmental and social studies, ERM willprovide guidance on environmental and social programs in compliancewith IFC and World Bank standards that will be important in advancingthis project. The ESIA will begin immediately with a camp expansion wellunderway to accommodate additional staff. This is an importantdevelopment for Allana and we look forward to working with ERM as ourproject advances to production."
About Allana Potash Corp.
Allana is a publicly traded corporation with a focus on theacquisition and development of potash assets internationally with itsmajor focus on a previously explored potash property in Ethiopia. Allanahas secured financial support from two significant strategic investors:IFC, a member of World Bank Group, and Liberty Metals and Mining, PLC, asubsidiary of Liberty Mutual Group. Allana has Measured and IndicatedSylvinite Resources of 97.8 million tonnes of 30.0% KCl; InferredSylvinite Resource of 108.3 million tonnes grading 31.3% KCl; Measuredand Indicated Kainitite Resources of 284.2 million tonnes at 19.8%,Inferred Kainitite Resource of 271.2 million tonnes of 20.3% KCl;Measured and Indicated Upper Carnallitite Resources of 78.5 milliontonnes grading 18.4% KCl, Inferred Upper Carnallitite Resource of 85.6million tonnes of 17.1% KCl; Measured and Indicated Lower CarnallititeResources of 212.6 million tonnes of 12.0% KCl, Inferred LowerCarnallitite Resource of 130.7 million tonnes grading 11.7% KCl. Allanahas approximately 196.5 million shares outstanding and trades on theTSX-Venture Exchange under the symbol "AAA".
Peter J. MacLean, Ph.D., P. Geo., Allana's Senior VPExploration, is a Qualified Person as defined under National Instrument43-101 and has reviewed and approved the technical information presentedin this release.