VANCOUVER, British Columbia, June 07, 2018 (GLOBE NEWSWIRE) -- Western Resources Corp. (TSX:WRX)
(FSE:WR0) is pleased to announce that its wholly-owned Milestone Phase I Project
Company, the Milestone Potash Corp. (“Milestone” or “the Company”) has entered into an agreement with SNC-Lavalin
Inc. (“SNC-Lavalin”) to complete the detailed engineering for the Milestone Phase I Selective Solution Mining
Project (“the Project”) located in southeast Saskatchewan.
As reported in its 21/12/2016 news release, the Company has completed a Class 3 (+/- 10% CAPEX) engineering
report on the Phase I Project. However, through assessment of the overall global potash market situation, the Company decided to
revise its market destination by successfully entering into a non-binding Memorandum of Understanding (MOU) with a senior North
American agriculture industry player to transport and offtake 100% of the Phase I Project potash production to the North American
market. The engineering contract with SNC-Lavalin is to complete the detailed ‘construction-ready’ drawings (issue for construction
drawings) for the process plant and associated infrastructure, and specifications, basic and detailed design to accommodate a
compaction system for the granular product to meet with the requirement of the North American market. Detailed engineering
deliverables will be completed in the early 2019 ready for final tendering and construction. SNC-Lavalin will also provide quality
assurance inspections for equipment procurement and on-site technical support during construction.
Founded in 1911, SNC-Lavalin is a global fully integrated professional services and project management company.
It provides comprehensive end-to-end project solutions, particularly in consulting, design, engineering, construction, sustaining
capital and operations and maintenance in the areas of mining, metallurgy, infrastructure, clean power, nuclear and engineering
design and project management.
Mr. Bill Xue, President and CEO of Western Resources Corp. commented, “Western Resources is extremely pleased to
see that the Milestone Phase I Project has progressed to this point. We look forward to working with SNC-Lavalin to move the
Project to the construction phase and we are excited about the positive results we have generated to date on the Selective Solution
Mining Process. The Milestone Project will be an innovative and low-cost method to produce potash.”
Bill Xue
President & CEO
Qualified Persons
The content of this news release has been read and approved by Gregory F. Vogelsang, P.Eng., P. Geo., Project
Manager of the Company. Mr. Vogelsang is a Qualified Person as defined by NI 43-101. Readers are cautioned that the projected
mining method, potential production profile and plan and mine plan referred to in the Pilot Study and this release are conceptual
in nature. There is no certainty that a potential mine will be realized or that a production decision will be made.
Cautions Regarding Forward-Looking Statements
Except for statements of historical fact relating to the Company, certain information contained herein
constitutes “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not
limited to, statements with respect to the filing and results of the Technical Report. Forward-looking statements are based on the
opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks,
uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or
implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to
identify important factors that could cause actual results to differ materially from those contained in forward-looking
information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no
assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company
does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable
securities laws.
Jerry Zhang
Corporate Secretary
Tel: 604-689 9378
Email: info@westernresources.com
