Passport Potash Inc. Finalizes Cooperative Agreement with Hopi Tribe
Mar. 14, 2011 (Marketwire) —
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 03/14/11 — Passport Potash Inc. (TSX VENTURE:PPI) is pleased to announce that it has finalized a cooperative agreement with the Hopi Tribe. Portions of Passport’s Holbrook Basin potash project are adjacent to land privately owned by the Hopi Tribe (not reservation land). The agreement sets up a cooperative arrangement between Passport and the Hopi Tribe, giving Passport access across the privately owned Hopi lands to conduct exploration activities, while allowing the Tribe to share in Passport’s study results.
Passport President Joshua Bleak commented: “The success of any major project will be bolstered by developing working relationships with the community. Finalizing this cooperative agreement with the Hopi Tribe is an important step in that direction, and we look forward to a productive relationship with the Tribe. We believe that cooperation with the communities, tribes, and landowners in the Holbrook Basin is key to the success of the project and will create win-win outcomes for all parties involved.”
About Passport Potash
Passport Potash Inc. is a TSX-listed resource company engaged in the exploration and development of advanced potash properties. Passport has acquired a strategic position in the Holbrook Basin with land holdings encompassing over 70,000 acres. For more information regarding the Holbrook Basin, see http://www.azgs.az.gov/arizona_geology/Summer%2008.pdf.
On behalf of the Board of Directors
PASSPORT POTASH INC.
Joshua Bleak, President
This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, including the likelihood of commercial mining and possible future financings are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include unsuccessful exploration results, changes in metals prices, changes in the availability of funding for mineral exploration, unanticipated changes in key management personnel and general economic conditions. Mining is an inherently risky business. Accordingly the actual events may differ materially from those projected in the forward-looking statements. For more information on the Company and the risks and challenges of its business, investors should review the Company’s annual filings that are available at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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