Mr. Wang Hui Joins the Western Potash Corp. Board of Directors
Western Potash Corp. (WPX:TSX) (FSE:AHE) (the “Company”) is pleased to announce that, effective today, Mr. Wang Hui has agreed to join the Western Potash board of directors. As the newly appointed CEO, President and Party Secretary of China BlueChemical Ltd., and also the new chairman of CBC (Canada) Holding Corp. (“CBC“), he will replace Mr. Yang Yexin on the Board of Directors of Western Potash, as CBC’s nominee and representative. Mr. Yang Yexin resigned from the position of CEO of China BlueChemical Ltd. as a result of a corporate restructuring process. Western Potash thanks Mr. Yang for his long-term support and dedicated service as a board member.
Mr. Wang, born in 1964, graduated from Jilin University in 1987 with a bachelor’s degree, majoring in International Law. Mr. Wang obtained a master’s degree in Business Administration from Tsinghua University in 2004. From 1987 to 2009, Mr. Wang served the China National Chemical Construction Corporation, rising to the level of President and Party Secretary, in addition to an appointment to serve as business representative at the German representative office from June 1993 to October 1995. Mr. Wang served as the chairman of the board of directors and the Party Secretary of Shandong Haihua Group Co., Ltd. from 2009 to 2014. From 2010 to 2011 he also served as the deputy general manager of CNOOC Refinery & Petrochemicals and Sales Division. From March 2010 to October 2014, Mr. Wang served as a director of Shandong Haihua Company Limited.
About Western Potash
Western Potash Corp. is a development stage potash company focused on building Canada's most efficient potash solution mine. The Company intends to develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. A positive Feasibility Study for the Milestone potash project was completed in December 2012, demonstrating robust project metrics. For more information on Western Potash Corp.’s projects, please visit the Company’s website at: www.westernpotash.com.
ON BEHALF OF THE BOARD OF DIRECTORS
“J. Patricio Varas”
J. Patricio Varas
President and CEO
Cautions Regarding Forward-Looking Statements
This news release includes certain statements and information that may contain forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including the likelihood of commercial mining, securing a strategic partner and financing requirements and the ability to fund future mine development are forward-looking statements and contain forward-looking information. Such forward-looking statements and forward-looking information specifically include, but are not limited to, statements concerning: Company plans at the Milestone Project; Company ability to fund the Milestone Project; the timing of granting of key permits; approval of the EIS; from the Study: the estimated potash production and the timing thereto, economic analyses, capital and operating costs, mine development programs, future potash prices, cash flow estimates, and economic indicators derived from the foregoing.
Generally, forward-looking information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. 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 Western Potash to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including: the receipt of all necessary approvals; the ability to conclude a transaction; uncertainty of future production, capital expenditures and other costs; financing and additional capital requirements; the receipt in a timely fashion of any further permitting for the Milestone Project; legislative, political, social or economic developments in the jurisdictions in which Western Potash carries on business; operating or technical difficulties in connection with mining or development activities; and the risks normally involved in the exploration, development and mining business. Although management of Western Potash 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. Western Potash 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.
Contact
Western Potash Corp.
Angela Aydon, 604-689-9378
Corporate Communications Manager