TORONTO, ONTARIO -- (Marketwire) -- 06/21/11 -- Allana Potash Corp. (TSX VENTURE: AAA)(OTCQX: ALLRF)("Allana" or the "Company") is pleased to announce that it has scheduled a conference call to review the updated National Instrument 43-101 ("NI 43-101") compliant Mineral Resource Estimate as presented to the Company by ERCOSPLAN Ingenieurgesellschaft Geotechnik und Bergau ("ERCOSPLAN") on its Danakhil Potash Project in Ethiopia.
The conference call is scheduled for 5:00p.m EST on Tuesday June 21, 2011 and will be hosted by Farhad Abasov, President & C.E.O. of Allana.
Persons interested in joining the conference call are requested to use the following contact information: Canada & USA Toll Free Dial In: 1-800-319-4610 Outside of Canada & USA call: +1-604-638-5340 Callers should dial in 5 - 10 min prior to the scheduled start time to join the conference call. Conference Call Replay Numbers: Canada & USA Toll Free: 1-800-319-6413 Outside Canada & USA Call: +1-604-638-9010 Code: 1785 followed by the # sign
About Allana Potash Corp.
Allana is a publicly traded corporation with a focus on the acquisition and development of potash assets internationally with its major focus on a previously explored potash property in Ethiopia. Allana has secured financial support from two significant strategic investors: IFC, a member of World Bank Group, and Liberty Metals and Mining, a member of Liberty Mutual Group. Allana has Measured Mineral Resources of 207.6 Million Tonnes of Sylvinite, Kainitite, Upper Carnallite and Lower Carnallite with an average grade of 17.6% KCl; Indicated Resources of 465.5 Million Tonnes of Sylvinite, Kainitite, Upper Carnallite and Lower Carnallite with an average grade of 19.1% KCl; and Inferred Mineral Resources of 595.7 Million Tonnes of Sylvinite, Kainitite, Upper Carnallite and Lower Carnallite with an average grade of 20.0% KCl. Allana has approximately 193.2 million shares outstanding and trades on the TSX-Venture Exchange under the symbol "AAA".
Forward-Looking Statement
Except for statements of historical fact relating to the Company, certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the effect and estimated timeline of the drilling and assay results on the Company, the estimation of mineral reserves and mineral resources; the timing and amount of estimated future exploration; costs of exploration; capital expenditures; success of exploration activities; permitting time lines and permitting; government regulation of mining operations; environmental risks; unanticipated reclamation expenses; and title disputes or claims; Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance with applicable securities laws.
NEITHER THE 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:
Investor Cubed
Christian Scovenna
647 258 3311
info@investor3.ca
