TSXV: EPO
VANCOUVER, Oct. 5, 2018 /CNW/ - Encanto Potash Corp. ("Encanto"
or the "Company") (TSXV: EPO) announces the departure of Mr. Richard Lively from the Company.
Encanto will continue its efforts to reduce projected CAPEX cost and achieve enhanced operational efficiencies.
About Encanto Potash Corp.
Encanto Potash Corp. is a TSX Venture Exchange listed and traded Canadian Resource company engaged in the development
of potash properties in the Province of Saskatchewan, Canada, the largest producing potash
region in the world. Through a joint venture agreement with Muskowekwan Resources Ltd, Encanto has secured a project land package
which totals approximately 61,000 largely contiguous acres. Pre-Feasibility Study dated February 28,
2013 titled "Encanto Potash Corp. Technical Report Summarizing the Preliminary Feasibility Study for the Muskowekwan First
Nations Home Reserve Project in South Eastern Saskatchewan, Canada" confirms the Proven and Probable KCI Reserves totaling 162 Mt
grading 28% KCl (average) which supports primary and secondary mining for over 50 years at an assumed annual rate extraction rate
of 2.8 Mt of MOP. The PEA dated May 24, 2017 titled " NI 43-101 Technical Report on a Preliminary
Economic Assessment and Preliminary Feasibility Study of the Muskowekwan Potash Project, South-Eastern Saskatchewan, Canada"
summarizes an alternative development option that supports primary and secondary mining of the Mineral Resources for 48 years at
an annual extraction rate of 3.4 Mt of MOP. On December 30, 2016, Encanto signed a 20-year off-take
agreement with the National Federation of Farmers' Procurement, Processing, and Retailing Cooperatives of India Ltd.,
(NACOF) registered under the Ministry of Agriculture, Government of India to supply 5 million
metric tons a year of potash. For additional information about Encanto Potash Corp., please visit the Company's website at
www.encantopotash.com or review the Company's
documents filed on www.sedar.com
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EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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SOURCE Encanto Potash Corp.
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