Overview

Potash One Inc. (KCL: TSX) is a Canadian resource company engaged in the identification, acquisition, exploration and development of advanced solution mine amenable potash properties. The Company owns 100% of a 97,240 acre Potash Subsurface Exploration Permit in Saskatchewan, Canada (the “Legacy Project”). The Legacy Project is adjacent to the largest producing solution potash mine in the world (Mosaic’s Belle Plaine Solution Mine).

In addition, the Company owns 100% of three other Potash Subsurface Exploration Permits over 230,000 acres that are contiguous to the Legacy Project. The Company has NI 43-101 compliant resources, a solid balance sheet, and an experienced technical and corporate management team to advance the Legacy Project to the next stage.

Key Points:

• Project is situated immediately adjacent to Mosaic’s Belle Plaine solution mine, the largest potash solution mine in the world

• Strategically acquired land amenable to solution mining due to its significantly lower capital requirements and faster time-line to production
• 336,000 acres optioned in Saskatchewan, the world’s most prolific potash region
• The Legacy Project has 36.8M tonnes of indicated and 360.4M tonnes of inferred potash in the ground
• Strong potash fundamentals with prices exceeding $1000/tonne, up 700% in the last 2 years
• Management holds a successful track record, bringing their last company to $1.8Bn.

Chief Property

Legacy Potash Project

The Legacy Potash Project is located approximately 80 km northwest of Regina and immediately adjacent to Mosaic’s Belle Plaine potash solution mine. The project currently holds some 97,240 acres of Crown mineral lands held by Subsurface Mineral Permit KP 289. A total of 336,000 acres are under
option.

Potash One has completed a National Instrument 43-101 Technical Report on the Findlater Project (renamed Legacy Project) on February 8, 2007. The full text of the Technical Report is available on our website at www.potash1.com.

The Technical Report has estimated that the Indicated and Inferred Mineral Resource for the Patience Lake and Belle Plaine potential solution mining intervals are:

• Indicated Mineral Resource: 36.8 million tonnes of K2O

• Inferred Mineral Resource: 360.4 million tonnes of K2O

The land held by Potash One is amenable to solution mining. The solution mining technique offers a faster time-line to production and significantly lower capital expenditures than conventional mining.

Work Program

Potash One is currently engaged in their 2D Seismic Program and Environmental Assessment study. Management intends to have these completed by the end of summer ‘08. In addition, a 5-10 hole drill program is planned to confirm potash grades and to expand the current resource estimate.

Management expects to have a feasibility study completed by the end of 2009, followed by production by 2012/2013.

Management

• Paul Matysek, CEO and President, M.Sc., P. Geo.
• 25+ years international experience in acquiring and developing resource properties.

• Founder of leading Uranium exploration company that was sold in 2007 for in excess of $1.2 Billion (3 year growth of 3500+%)
• Mike Ferguson, Chief Project Director, B. Sc. Mech. Eng., M.A
• 20+ years experience in the potash industry, including tenure with major producers such as Agrium, Mosaic, Potash Corporation of Saskatchewan and AMEC
• Steve Halabura, P. Geo. (Geological Advisor)
• 20+ years experience in the potash industry
• Michael P. Hardy, Ph. D., P.E. (Solution Mining Advisor)
• 35+ years rock mechanics & potash industry experience

Search for Potash One Inc. News