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Non-Tech : The Brazil Board

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From: elmatador	9/9/2010 2:30:39 AM
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Brazil Potash Corp. ("Brazil Potash", "Potassio do Brasil", or the "Company") is pleased to announce the discovery of new potash mineralization on its Amazon Potash Project in Amazonas State, Brazil (the "Project"). The Project is located within the Amazon Basin adjacent to the Petrobras Fazendinha and Arari Potash deposits. The Company will continue drilling until a potash resource of sufficient size to merit economic studies has been outlined. Once this is completed a pre-feasibility study will be undertaken followed up by a bankable feasibility study. If the studies are favorable and permitting proceeds, the project will be developed. It is forecasted that the total investment in the project could be in the order of US$2.5 billion to produce 2 million tonnes per annum of potash (KCl). About Brazil Potash Corp. (Potassio do Brasil Ltda.) Potassio do Brasil Ltda. is a private Brazilian potash exploration company with operations offices located in Belo Horizonte and Autazes, Brazil, which supports the work being carried out on its project in Amazonas State. Potassio do Brasil has no potash operating mines and has no direct or indirect association with any of the current potash producers either in Canada or elsewhere in the world. The Company holds the key mineral rights in the 400-kilometer long Amazon potash basin. Geological, seismic and borehole surveys indicate the basin has similar scale, geological properties and is the same age as the Saskatchewan basin in Canada. Please visit the Company's web site at www.potassiodobrasil.com.br or www.brazilpotash.com marketwire.com

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