19:30:49 EDT Sat 23 Jun 2018
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or Name

IC Potash Corp
Symbol C : ICP
Shares Issued 152,528,084
Close 2013-06-10 C$ 0.54
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IC Potash Ochoa contains no U.S. waters says Army Corps

2013-06-11 07:12 ET - News Release

Mr. Sidney Himmel reports


The U.S. Army Corps of Engineers has issued IC Potash Corp. a jurisdictional determination confirming that there are no waters of the United States on the Ochoa sulphate of potash project site in southeastern New Mexico. The corps determined that the project area entirely comprises uplands and upland drainage, therefore seeking certain federal permits relating to water will not be required.

In accordance with Section 404 of the Clean Water Act and Section 10 of the Rivers and Harbors Act of 1899, the corps is tasked with the responsibility of regulating the discharge of dredged and fill materials into waters of the United States. Given its determination that ICP's polyhalite mining and processing operations, currently in the advanced development phase, will not impact U.S. waters, the company will not require the corps's authorization to proceed with constructing the mine and processing plant, nor will it be subject to monitoring once in commercial operations.

Sidney Himmel, ICP president and chief executive officer, stated, "This jurisdictional determination by the corps represents a significant development for ICP, ultimately saving us considerable time, cost and manpower in the overall permitting process for our project."

ICP is currently engaged in completing the feasibility study on its Ochoa SOP project in Lea county, New Mexico -- the results of which are expected to be published in September, 2013. Moreover, the company remains on schedule to have its environmental impact statement published in the third quarter of 2013, with a record of decision documenting approval of the project by the U.S. Department of Interior, Bureau of Land Management expected by the end of March, 2014.

All scientific and technical disclosures in this press release have been prepared under the supervision of Terre Lane, an employee of ICP who is a qualified person within the meaning of National Instrument 43-101.

We seek Safe Harbor.

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