North American Potash Developments Inc.: Appointment of New Directors
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/10/12 -- North American Potash Developments. (the 'Company' or 'NPD'), (TSX VENTURE: NPD)(FRANKFURT: 3OZ)(OTCQX: RNGTF) is pleased to announce the appointments of Ms. Selma Sierra and Mr. Kevin Beaulieu who have joined the Company's board of directors to provide senior stewardship and management expertise throughout the upcoming 2012 work and drilling programs.
About Ms. Selma Sierra
Selma Sierra is the Director for Energy and Environmental Policy at Energy Dynamics Laboratory (EDL) at Utah State University Research Foundation. Prior to joining EDL, Selma was the State Director for the Bureau of Land Management in Utah. As Director, Selma was entrusted to manage nearly 23 million acres of public lands and 300 million acres of subsurface mineral estate and nearly 900 full time and seasonal employees. One of her most notable achievements was the completion of a nearly 8-year land use planning process that updated the environmental analysis and land allocation decisions for more than 10 million acres of public lands in Utah
Selma has had extensive experience in public lands management issues. Prior to Selma's appointment to State Director, she was the Chief of Staff in the national office of the BLM. As Chief of Staff, Selma implemented the Director's priorities in coordination with BLM's senior executives and Department of the Interior's senior officials.
Ms. Sierra has also served as the Assistant Director for Communications for the BLM's national office, the Director of External Affairs and Deputy Assistant Secretary for Human Resources Management for the Secretary of the U.S. Department of the Interior. Selma was Communications Director and Legislative Assistant to U.S. House of Representative Joe Skeen who served as Chairman of the House Appropriations Subcommittee for Interior.
Selma also has also worked in State and local government where she served as the Deputy Chief of Staff and Chief Legislative Liaison to the Governor in New Mexico, and the Director of Public Affairs for the City of Las Cruces. Selma is a native of New Mexico and a graduate of New Mexico State University.
About Mr. Kevin Beaulieu
Mr. Beaulieu will be responsible for executive management functions and key operations for Potash Green LLC and North American Potash Inc. He brings over 10 years of experience in corporate communications, corporate finance and global capital markets. Mr. Beaulieu is focused on building strategic alliances with retail brokers, fund managers and accredited investors, specializing in the junior resource, information technology and telecommunications industries.
Mr. Beaulieu has played an integral role in multiple public and private financings that have allowed numerous companies to advance their corporate objectives. More recently Mr. Beaulieu was Chief Financial Officer for Ethos Consulting and President of Bellbeau Capital Corp, both of which provided a full range of capital market and corporate development services.
Mr. Beaulieu has provided both business development and communication services to of a wide range of TSX listed issuers and has assisted in financing numerous small-cap companies spanning all sectors within the global investment community.
North American Potash Developments President and CEO, Simon Tam, stated 'We feel the addition of Ms. Sierra and Mr. Beaulieu to our board will bring tremendous expertise to our operations at this active time for the Company. Ms. Sierra and Mr. Beaulieu will be working with the Utah - Potash Green team and NPD's board to advance the company's ongoing development of our potash bearing beds within the KPLA (Known Potash Leasing Area) and further develop our strategy for developing this known resource.
Ms. Selma Sierra and Mr. Kevin Beaulieu will replace Mike Magrum and Derrick Strickland as directors, who have resigned to pursue other interests. The Company would like to thank Mr. Magrum and Mr. Strickland for their service and wishes them the best in their future endeavours.
About North American Potash Developments.
North American Potash Developments Inc. Lisbon Valley project consists of nine state mineral leases totalling 6,421 acres and applications for potash prospecting permits, totalling 24,640 acres. The project is located in San Juan County, Utah, within the Paradox Basin, a large sedimentary basin containing rocks of Pennsylvanian to Cretaceous age. The salt and potash beds are in the Pennsylvanian Paradox formation that is over 4,000 feet thick, with 29 separate cycles of salt, potash and clastic sediments. The potash beds are located near the top of the evaporate sequence and occur at depths of 3,000 to 4,800 feet in the project area.
On behalf of the Board of Directors
Simon Tam, President & Director
Disclaimer and Cautionary Statement Regarding Forward-Looking Information
This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction.
All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as 'seek', 'anticipate', 'believe', 'plan', 'estimate', 'expect' and 'intend' and statements that an event or result 'may', 'will', 'should', 'could' or 'might' occur or be achieved and other similar expressions. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. The Company does not undertake any obligation to update forward-looking statements even if circumstances or management's estimates or opinions should change. Investors should not place undue reliance on forward-looking statements. North American Potash Developments Inc. seeks safe harbor.
Neither 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 press release.
Contacts:
North American Potash Developments Inc.
Investor Relations
Toll Free: 1(866) 944-8674
www.napotash.com