Passport Potash Inc. Finalizes Cooperative Agreement with Hopi Tribe
March 14 2011 - 9:30AM
Marketwired
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.
Contacts: Passport Potash Inc. Peter J. Kletas Corporate
Communications Toll Free: 866-999-6251 peter@passportpotash.com
www.passportpotash.com