Karnalyte Resources receives Environmental Impact Statement approval for Wynyard Carnallite Project

Karnalyte Resources receives Environmental Impact Statement approval for 
Wynyard Carnallite Project 
CALGARY, Feb. 11, 2013 /CNW/ - Karnalyte Resources Inc. ("Karnalyte" or the 
"Corporation") (TSX: KRN) today announced that the Saskatchewan Ministry of 
Environment ("MOE") has approved the Environmental Impact Statement ("EIS") 
for Karnalyte's Wynyard Carnallite Project (the "Project"). 
"EIS approval is essential to the advancement of the Wynyard Carnallite 
Project, and was a condition of the $45 million strategic investment by GSFC," 
said Robin Phinney, President and CEO of Karnalyte. "EIS approval is a 
significant milestone for Karnalyte. We are now in a stronger position as we 
actively pursue additional funding opportunities to enable the start of Phase 
I of the Project's construction in the second quarter of this year." 
Karnalyte submitted a revised EIS to the Saskatchewan MOE in September 2012 in 
accordance with the Environmental Assessment Act. After technical and public 
review, the MOE is satisfied that any adverse environmental effects can be 
eliminated or minimized. 
Karnalyte will now focus on obtaining the permits required to initiate 
construction while continuing detailed engineering activities and finalizing 
site preparation. Karnalyte intends to advance the development of the Project 
concurrently with securing funding. 
On January 10, 2013, the Corporation announced that it had entered into a 
strategic investment agreement with Gujarat State Fertilizers & Chemicals 
("GSFC"), where GSFC will make a strategic investment of approximately $45 
million in Karnalyte and a committed off-take agreement for the sale and 
purchase of approximately 350,000 tonnes per year ("TPY") of potash from Phase 
1 of the Project, increasing to 600,000 TPY with the commencement of Phase 
2. Closing of the strategic investment was conditional on receiving the 
approval of the EIS from the MOE. The closing date is anticipated to take 
place on or about February 22, 2013. 
About Karnalyte Resources Inc. 
Karnalyte is engaged in the business of exploration and development of high 
quality agricultural and industrial potash and magnesium products. Karnalyte 
intends to develop and extract a carnallite - sylvite mineral deposit through 
a known solution mining process at competitive costs and with minimal 
environmental impact. Using a staged approached to potash plant 
construction, the Corporation plans to operate a solution mining facility that 
will initially produce 625,000 tonnes of potash per year, increasing to 2.125 
million tonnes of potash per year. Karnalyte owns a 100% interest in 
Subsurface Permit KP 360A and Subsurface Mineral Lease KLSA-010 located near 
Wynyard, Saskatchewan, comprising a total of 85,126 acres. 
Forward-Looking Statements 
This press release contains forward-looking statements. More particularly, 
this press release contains statements concerning the Corporation's future 
operations, including plant construction and the closing of the strategic 
investment with GSFC. The forward-looking statements contained in this 
document are based on certain key expectations and assumptions made by 
Karnalyte, including with respect to the Corporation's future operations. 
Although Karnalyte believes that the expectations and assumptions on which the 
forward-looking statements are based are reasonable, undue reliance should not 
be placed on the forward-looking statements because Karnalyte can give no 
assurance that they will prove to be correct. Since forward-looking 
statements address future events and conditions, by their very nature they 
involve inherent risks and uncertainties. Actual results could differ 
materially from those currently anticipated due to a number of factors and 
risks. These include, but are not limited to, the failure to obtain 
necessary regulatory approvals, risks associated with the mining industry in 
general (e.g., operational risks in development, exploration and production; 
delays or changes in plans with respect to exploration or development projects 
or capital expenditures; the uncertainty of estimates and projections relating 
to production, costs and expenses, and health, safety and environmental 
risks), commodity price and exchange rate fluctuations. Readers are 
cautioned that the foregoing list of factors is not exhaustive. Additional 
information on these and other factors that could affect Karnalyte's 
operations and financial results are included in documents on file with 
Canadian Securities regulatory authorities and maybe accessed through the 
SEDAR website (www.sedar.com). The forward-looking statements contained in 
this document are made as of the date hereof and Karnalyte undertakes no 
obligation to update publicly or revise any forward-looking statements or 
information, whether as a result of new information, future events or 
otherwise, unless so required by applicable securities laws. 
Robin Phinney, President & Chief Executive Officer Ron Love, Executive 
Vice-President & Chief Financial Officer Telephone: (403) 995-6560 
E-mail:info@karnalyte.com Website:www.karnalyte.com 
SOURCE: Karnalyte Resources Inc. 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/February2013/11/c4505.html 
CO: Karnalyte Resources Inc.
ST: Alberta
NI: MNG  
-0- Feb/11/2013 12:00 GMT