VANCOUVER, BC, April 11,
2023 /CNW/ - SAGE POTASH
CORP. (TSXV: SAGE) ("Sage
Potash" or the "Company") is pleased to announce
the expansion of its district-scale potash project situated in
Utah's prolific Paradox Basin,
known to host extensive underdeveloped world-class potash resources
(approximately 2 billion tons, according to the US Geological
Survey).
Additionally to the previously disclosed land portfolio
consisting of 83,000 acres of State and Private Mineral leases and
BLM prospecting permit applications, the company has negotiated and
agreed on terms for the acquisition of 5,118.78 acres of
private leases.
The combined landholdings of the Sage Plain projects now totals
88,118.78 acres representing an increase of ~6% of the total land
package.
J. Patricio Varas, Sage's COO
& VP of Exploration commented, "Due to the nature of potash
deposits and the rather flat lying topography of the deposits - as
evidenced by our 2D seismic data and correlated between the Johnson
1 exploration well and the Western Natural Gas well, located 2.2 km
away - an increase in private leases will equate to an increase in
the resources outlined in our 43-101 technical report."
Sage's CEO Peter Hogendoorn
stated, "The magnitude of our land portfolio in the potash-rich
Paradox Basin is amplified by today's announcement. Securing a
controlling interest in the private mineral rights adjacent to the
Sage Plain Project and the Johnson 1 exploration well is a key step
forward in the development of the project, giving not only the
ability to increase our resource, but also plan for future
surface infrastructure."
Additionally the Company has entered into advertising and
investor awareness campaigns with Dig Media Inc. dba Investing News
Network (INN), SmallCap Communications, and Digitonic Limited
("Digitonic"), VHLA Media Inc, and Triomphe Holdings Ltd. (doing
business as Capital Analytica).
INN is a private company headquartered in Vancouver, Canada, dedicated to providing
independent news and education to investors since 2007 at
www.investingnews.com. For the 12 month term of the agreement, INN
will provide advertising to increase awareness of the issuer. INN
does not provide Investor Relations or Market Making services. The
cost of the campaign is CAD$72,000
and is payable in standard net 30 terms. INN currently holds no
securities in Sage Potash Corp.
SmallCap Communications Inc. is engaged for a one-year period
which includes a monthly fee of CAD$5,000 + GST per month and a CAD$25,000 + GST influencer and content marketing
budget. SmallCap Communications Inc. (including its directors and
officers) does not own any securities of the Company.
Digitonic is to provide content creation and digital and video
marketing services over a period of approximately 1 months for a
total cost of US$15,000, with the
fees to be allocated to media spending and for management fees. As
of the date hereof, to the Company's knowledge Digitonic (including
its directors and officers) does not own any securities of the
Company.
VHLA Media is to provide content creation and digital and video
marketing services over a period of approximately 1 months for a
total cost of CAD$12,000, with the
fees to be allocated to media spending and for management fees. As
of the date hereof, to the Company's knowledge VHLA (including its
directors and officers) does not own any securities of the
Company.
Capital Analytica has agreed to provide investor relations and
communications services to the company in exchange for an aggregate
amount of CAD$120,000. The services
will include continuing social media consultation regarding
engagement and enhancement, social sentiment reporting, social
engagement reporting, discussion forum monitoring and reporting,
corporate video dissemination, and investor relations services. The
term of the Capital Analytica agreement is for a period of six
months. As of the date hereof, to the Company's knowledge Capital
Analytica (including its directors and officers) does not own any
securities of the Company.
About Sage Potash Corp.
Sage Potash is a Canadian company
vested solely in the Sage Plain Property and intends through
sustainable solution mining techniques to become a prominent
domestic potash producer within the Paradox Basin situated in
Utah. For further information,
please refer to the Company's disclosure record on SEDAR
(www.sedar.com) or contact the Company by email
at info@sagepotash.com.
On Behalf of the Board of Directors,
Peter Hogendoorn
CEO & Executive Chairman
+1(236) 836-4182
info@sagepotash.com
Website: www.sagepotash.com
Neither the 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.
Cautionary Note Regarding
Forward-Looking Statements
This news release contains "forward-looking information" and
"forward-looking statements" within the meaning of applicable
securities legislation. The forward-looking statements herein are
made as of the date of this news release only, and the Company does
not assume any obligation to update or revise them to reflect new
information, estimates or opinions, future events or results or
otherwise, except as required by applicable law. Often, but not
always, forward-looking statements can be identified by the use of
words such as "plans", "expects", "is expected", "budgets",
"scheduled", "estimates", "forecasts", "predicts", "projects",
"intends", "targets", "aims", "anticipates" or "believes" or
variations (including negative variations) of such words and
phrases or may be identified by statements to the effect that
certain actions "may", "could", "should", "would", "might" or
"will" be taken, occur or be achieved. Forward-looking information
in this news release includes, but is not limited to, statements
with respect to future events or future performance of Sage,
including completing a step out pilot production well that will
double as a resource definition drill hole, advancing preliminary
engineering and feasibility towards a PEA, completing 3D seismic
and step-out well and new resource calculations [MA1] , and
management's expectations regarding Sage's growth. Forward-looking
statements and information are subject to various known and unknown
risks and uncertainties, many of which are beyond the ability of
Sage to control or predict, that may cause Sage's actual results,
performance or achievements to be materially different from those
expressed or implied thereby, and are developed based on
assumptions about such risks, uncertainties and other factors set
out herein, including, but not limited to, the risk factors set out
under the heading "Risk Factors" in the Company's final
non-offering long form prospectus dated March 2, 2023 available for review on the
Company's profile at www.sedar.com. Such forward-looking
information represents management's best judgment based on
information currently available. No forward-looking statement can
be guaranteed and actual future results may vary materially.
Accordingly, readers are advised not to place undue reliance on
forward-looking statements or information.
SOURCE Sage Potash Corp.