Encanto Potash Corp V.EPO.H

RE: RE: Good article "RY".......

[srpat]

As we've discussed previously, most FN benefits are derived onproduction only; therefore any unsolicited buyout offer had betterinclude strict timetables to take this to production, not to sit inreserves and thereby getting the FN onside and freeing EPO toconcentrate on other FN properties and jv's; either the Spar property orOchap would logically be next in line.


Possibilities aren't just on Spar or Ochapawace.  Read below from Encanto's June 28th MD&A (available on sedar if interested in reading the entire discussion).


Other First Nation Prospects
Through its wholly-owned subsidiary, Encanto Resources Ltd. (“ERL”), the Company is a party to an EPA with Ochapawace First Nation and a Memorandum of Understanding (“MOU’”) with Chacachas First Nation (collectively “the Bands”). The Company has obtained two permits from the Crown to explore and develop potash minerals on the reserve lands of the Bands, all located in Saskatchewan.

The Company continues to see value in the Ochapawace and Chacachas properties, however no work is contemplated on them currently as the Company is focusing on the MFN Project.

Spar Property and KP452 Claim
Although the Company continues to see value in the Spar Property, no significant work is presently contemplated as the Company is currently focusing its resources on the MFN Project.  In view of this, the Company is contemplating seeking a joint venture partner for the Spar Property.