First Tidal Acquisition Corp T.AAA

RE: More companies going for Ethopian potash ..Has

[Karmanow]

G&B Central African Resources has owned the exploration license in the basin for the last 2 years. I believe that it might be the section of land to the far east of the basin as indicated on the revised Allana Website Map? There is very little information available on the company as it is private....until now. It has just created a vehicle to become a public  company and trade on the TSX Venture Exchange through Panorama. They have not completed any drilling to date and are at a very early stage of development. There package of land may contain similar geology and potash to the western side of the basin where Allanas property lays...time will tell. If they do not complete some major drilling over the next year and the balance of their exploration license....they may end up in the same situation as Sainik and be under the gun with the Ethiopian Government...The Government wants their 30% taxes and now that Allana is moving closer to defining an N1-Compliant Report over the next few months...and completing a Feasibility Study to confirm the viability of a mine...the neighbours should rightfully be getting a little nervous as the government will soon have a company that has the goods to develop a mine and pay the ongoing taxes and expand their land base if the government revokes any non compliant exploration permits that currently exist in the basin... and why not? how many $800 million mines can the basin allow?
Karma

"Panorama Announces Terms of Reverse Takeover with Ethiopian Potash Corp. and G and B Central African Resources Ltd."
Ethiopian Potash Corp. ("EPC")   The Amalgamation is intended to result in a reverse takeover of Panorama (PRA-TSX VEN) by EPC and its shareholders within the meaning of the policies of the TSX Venture Exchange ("TSXV"). Upon completion of the Amalgamation, Panorama will continue to carry on the business of EPC.
October 18, 2010  EPC, G&B and the shareholders of G&B, pursuant to which EPC will acquire an option to acquire all of the issued and outstanding shares of G&B (private company) and thereby acquire G&B's 100% interest in certain mineral property permits in Ethiopia known as the "Danakil Potash Permits". The Danakil Potash Permits are comprised of two (2) licenses forming a contiguous block consisting of 427.22 km2 (the "Danakil Depression") and 53.84 km2 (the "Bada Area"), respectively.
The principal business of G&B is the identification, acquisition and exploration of mineral properties in Africa. G&B is the registered and beneficial owner of the Danakil Potash Permits, which is comprised of potash exploration permits for the Danakil Depression and the Bada Area. The Ministry of Mines and Energy of the Federal Democratic Republic of Ethiopia granted G&B a potash exploration license valid for three (3) years effective from August 21, 2008 at the Danakil Depression and a potash exploration license valid for three (3) years effective from December 12, 2008 at the Bada Area. G&B commenced preparation works for exploration drilling on the licensed properties in February 2009 and continues to do so as of the date hereof. G&B does not own any other properties.