TORONTO, April 30, 2012 /CNW/ - IC Potash Corp. (TSX: ICP) (OTCQX: ICPTF)
("ICP" or the "Company") announced today that Mr. Jorgen Stenvold has joined
the Board of IC Potash, effective immediately. Mr. Stenvold is currently the
Project Development Director of Yara International ASA ("Yara").
Mr. Sidney Himmel, CEO and Director of ICP commented, "We are delighted to
have Mr. Stenvold join our Board of Directors. Mr. Stenvold has a considerable
amount of experience in potash and mining and represents ICP's direct channel
of communication with Yara. Mr. Stenvold was intimately involved in the
formation of the partnership between ICP and Yara, and has an excellent
understanding of our mutual business objectives. On behalf of the Board of
Directors, I extend a warm welcome to Mr. Stenvold."
Mr. Stenvold is a mining professional with 12 years of experience from
developing mining projects in Norway and globally. His experience spans from
exploration manager positions for coal in extreme arctic areas to establishing
a junior company exploring for gold in Scandinavia. Through his current
position as Project Development Director in Yara International ASA, Mr.
Stenvold has the last two years been responsible for evaluating and developing
phosphate and potash projects globally. Mr Stenvold holds a Master´s degree
in Economic Geology from The Norwegian University of Technology and Science
supported by Executive management courses in innovation from MIT Sloan.
About IC Potash Corp.
ICP intends to become a primary producer of Sulphate of Potash ("SOP") and
Sulphate of Potash Magnesia ("SOPM") by mining its 100%-owned Polyhalite Ochoa
property in New Mexico, a highly advanced mineral deposit containing proven
and probable reserves of more than 400 million tons of ore within the proposed
mine plan. SOP is a non-chloride based potash fertilizer that sells at a
substantial premium over the price of regular potash known as Muriate of
Potash ("MOP"). MOP contains chloride and is therefore not the optimal potash
for numerous crops and in situations where there is high soil salinity. ICP is
focused on becoming the lowest cost producer of SOP in the world. The SOP
market is towards six million tonnes per year. SOP is a significant fertilizer
in the fruit, vegetable, tobacco, potato, and horticultural industries. SOP is
also applicable in soils where there is substantial agricultural activity with
varieties of crops and therefore where the salinity of the soil has increased,
and in areas where soils are dry. SOPM is a highly desirable potash product
for soils with magnesium deficiency, including those found in Europe and
Southeast Asia and has a total global market size of over one million tonnes.
ICP's Ochoa property consists of over 100,000 acres of federal subsurface
potassium prospecting permits and State of New Mexico Potassium mining leases.
For further information, please visitwww.icpotash.com or contact Sidney
Himmel at +1.416-624-3781 or +1.575-993-2758.
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-0- Apr/30/2012 11:00 GMT
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