What happened to the Early Drilling
Encanto Potash Corp. Announces Date of First Nations TreatyLand Entitlement Vote and Decision to Begin Early Drilling on TLE Lands
Vancouver, British Columbia - Encanto Potash Corp.("Encanto" or the "Company") (TSXV: EPO)(OTCQX: ENCTF) is pleased toreport that a date has been set for the Treaty Land Entitlementdesignation vote for the Muskowekwan First Nation. The designation votewill be held on Saturday October 1st, 2011.
The vote will take place both on the Home Reserve and through mailedballots, under the authority of Aboriginal Affairs and NorthernDevelopment (AAND), formally known as Indian and Northern Affairs Canada(INAC).
Muskowekwan Chief Reginald Bellerose commented "We're very happy toget to this point where our people can vote for their future prosperity.A successful vote means a future not only of long term royalties butemployment opportunities as well. This is a very important date for ourpeople, and we look forward to working with our partner Encanto todevelop Saskatchewan's next modern potash mine."
Further to this development, Encanto is pleased to announce that itwill be mobilizing a rig to begin drilling on the TLE Lands prior to thecompletion of the Treaty Land Entitlement designation vote.
Encanto President Jim Walchuck explains: "We're seeing very positiveresponses from both the off-reserve and on-reserve preliminary meetingswith the Muskowekwan membership. We are now very confident in asuccessful designation vote to include the additional 15,500 acres ofTreaty Land Entitlement Lands into our existing joint venture. Based onthe positive preliminary response to the pending vote and with thevision of expediting a new resource estimate for the Company,
Encantois proceeding to mobilize a rig to drill two (2) further confirmatorywells as soon as feasible.
The additional holes and completion of thedesignation process will allow North Rim Consulting to calculate andissue an updated 43-101 compliant and expanded resource estimate."