SASKATOON,
SASKATCHEWAN--(Marketwire - Sept. 3, 2009)
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Athabasca Potash Inc. ("API") (TSX:API) is pleased to announce
the election of its alternate nominees for the board of directors. Dawn
Zhou, Bradley V.A. Fettis, Kenneth E. MacNeill, Robert Cross, Brian B.
Goodwin, Charley X. Ye and Arnold E. Hillier have been elected by a
majority of shareholders eligible to vote at the annual and special meeting
of shareholders of API (the "Meeting") held at Saskatoon,
Saskatchewan on Thursday, September 3, 2009.
The board of directors would like to thank the shareholders of API for
their support. API looks forward to advancing the Burr Project and
discussions with potential strategic parties.
A report of voting results for the Meeting will be filed on SEDAR in compliance
with securities regulations and will be available to the public at
www.sedar.com. API wishes to thank the outgoing directors for their
services.
About Athabasca Potash Inc.
API is a Canadian based corporation and was founded with a goal of establishing
itself as a pre-eminent Canadian public company engaged solely in potash
exploration and development with focus on the Company's wholly owned Burr
Project in Saskatchewan, and to provide its shareholders with a unique
investment opportunity focused entirely on potash.
Caution Regarding Forward-Looking Information
This press release contains forward-looking information within the meaning
of applicable Canadian securities legislation. Such forward-looking
information includes, but is not limited to, statements with respect to
estimated Mineral Resources at the Burr Project, the filing of a new NI
43-101 compliant technical report for the Burr Project and the completion
of the Pre-feasibility Study. Forward-looking information involves known
and unknown risks, uncertainties and other factors which may cause actual
results, performance or achievements of API, or industry results, to be
materially different from any future results, performance or achievements
expressed or implied by such forward-looking information. Such factors
include, among others, exploration risks, lack of historic drill hole
documentation, challenges or impairments to title, the negotiation of
access to certain potash mineralization, permit requirements, governmental
regulations, aboriginal land use, environmental risks and competition in
attracting and retaining personnel. In addition, the forward-looking
information contained in this press release is based upon what management
believes to be reasonable assumptions, including, but not limited to,
assumptions regarding the mining and processing methods to be used in
connection with any future development at the Burr Project, mining and
processing costs, transport costs, minimum mining widths, metallurgical
recovery rates, the long term price of potash, the bulk density of potash
mineralization and the estimated extraction ratio. Should one or more of
these risks and uncertainties materialize, or should underlying assumptions
prove incorrect, actual results may vary materially from those described in
the forward-looking information contained herein. Accordingly, readers are
advised not to place undue reliance on forward-looking information. Except
as required under applicable securities legislation, API undertakes no
obligation to publicly update or revise forward-looking information,
whether as a result of new information, future events or otherwise.