Encanto Potash Corp. reports on completed First Nation meetings and comments on imminent preliminary economic assessment

About this update from Encanto Potash Corp.

[{"type":"text","content":"\n\n\n\n\n\nTRADING SYMBOL: TSXV EPO\n\n\nVANCOUVER, Aug. 2, 2011 /CNW/ - Encanto Potash Corp. (\"Encanto\" or the\n \"Company\") (TSXV: EPO)(OTCQX: ENCTF) is pleased to report on the first\n in a series of both on and off-reserve meetings between our partners,\n the Muskowekwan First Nation, and their membership. These meetings are\n being held in large part so that members who no longer live on the Home\n Reserve have the opportunity to attend an open forum where they can be\n fully apprised and discuss the benefits of voting to add additional\n property \"the Treaty Entitlement Lands\" or \"TLE\" to the existing joint\n venture with Encanto. This would result in a significant increase in\n the size of the land package included in the joint venture from 17,000\n acres to 32,500 acres.\n\n\nMeetings have recently been held both on the Home Reserve of Muskowekwan\n and in Regina with good turnouts and positive feedback. Muskowekwan\n Chief Reginald Bellerose explains, \"Many of our membership no longer\n live on the reserve so we thought it was very important that we make\n the effort to travel to meet with them to ensure that they are getting\n factual and clear answers to any concerns that they may have regarding\n the mining process, environmental safeguards in the potash industry and\n the significant advantages that this partnership with Encanto will\n bring to the people, the community and the Nation in terms of\n employment and training, business development opportunities and ongoing\n royalties that will, in the long term, provide for much needed\n programs, facilities and services. I believe that we were able to\n address the memberships' concerns and we left with more support and\n understanding than we arrived with. This is very encouraging for us as\n we already knew there was significant support for our efforts\n on-reserve\".\n\n\nFurther meeting locations are to include Saskatoon, Edmonton, Calgary\n and Winnipeg.\n\n\nEncanto is further pleased to report that Company President Jim Walchuck\n recently spent several days in Saskatoon, reviewing data in connection\n with the preparation of the upcoming Preliminary Economic Assessment\n (PEA). As reported in the release of June 8th 2011, the PEA is designed to determine the most economical method for\n extraction of potash from the Muskowekwan Prospect and make a\n r...

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