Verde Potash (TSX VENTURE: AMZ) ("Verde" or the "Company") wishes
to provide additional information regarding the ThermoPotash
product trials conducted by Grupo Sekita Agronegocios ("Sekita"), a
leading Brazilian agribusiness company. The trial program compared
the agronomic efficiency of granular ThermoPotash with potassium
chloride, on the productivity and quality of carrot crops. The
trial showed no statistical difference between ThermoPotash,
Verde's new proposed fertilizer, and potassium chloride (KCl) the
most common potash fertilizer. In isolation this would be
considered a positive result because the Company proposes that
ThermoPotash be used as a substitute for KCl. However, there was
also no statistical difference between carrots fertilized with KCl
and the carrots that received no fertilizer at all (the control
group of carrots). Given the performance of the unfertilized
carrots our agronomists have deemed the tests inconclusive.
It is important to note that the agronomic trials performed at
Sekita and our other development partners are not clinical efficacy
trials, they are product trials allowing Verde's agronomists and
partners to see how ThermoPotash reacts in real world conditions,
allowing potential customers to experiment with how ThermoPotash
can be seamlessly incorporated into their commercial operations.
Agronomic efficacy of ThermoPotash has already been demonstrated in
tests performed by the University of Uberlandia (see release August
11, 2010).
The test was inconclusive because the overall variation in
productivity, considering the control group of carrots, was less
than the statistical margin of error. Therefore the lack of
conclusive results does not indicate product failure and does
instruct the Company on how to better tailor future trials in
commercial environments.
Sekita's trial was conducted under commercial conditions, which
meant the application of ThermoPotash to fields that have been used
in carrot production for several years. The local climate allows
Sekita to plant crops back to back year round; so that thanks to
carrot's short maturity cycle several yearly harvests are grown.
The better than expected performance of the unfertilized control
group of carrots was thus likely due to the presence of residual
potash leftover from previous harvests.
Moreover, despite the lack of results in terms of agronomic
productivity, agronomists from Verde and Sekita learned a lot from
the trial. Sekita agronomists tested different application timings
and mixtures of ThermoPotash and KCl. While, Verde agronomists
discovered there was room for significant improvement by softening
ThermoPotash's granules, which will enable better nutrient
release.
Sekita is continuing to test ThermoPotash with oats, garlic,
corn, soybeans, wheat and pasture for dairy cattle. Its farms are
located less than 10km from the Cerrado Verde Project. Sekita hopes
to utilize the slow release characteristics of ThermoPotash to
provide a more sustainable and more efficient source of potash.
Commenting, Eduardo Sekita de Oliveira, Agronomic Director of
Sekita said, "I am very encouraged by the ThermoPotash product. We,
at Sekita, are pleased to partner with Verde in the development of
this new fertilizer alternative for Brazil. We look forward to an
ongoing relationship through the development process with a view to
become a customer after the trials have been completed and the
product proves satisfactory."
About Sekita
Sekita Agribusiness is one of the largest Brazilian producers of
vegetables. Established in the 1970's, it currently has 350
permanent employees working in the production of garlic, carrots,
corn, soybeans, wheat and milk. Their productive activities are
distributed over 3000 hectares of farmland, located directly
adjacent to Amazon's Cerrado Verde project. The group was one of
the pioneers in adapting many crop plantation techniques to the
Cerrado, Brazil's savannah, including the use of slow-release
ThermoPhosphate fertilizer, limestone soil pH adjustment and crop
rotation to control pests. Sekita carrots are famous throughout
Brazil. It has also recently become one of the largest milk
producers in the country.
About Verde Potash
Verde Potash, founded by Brazilians, is a mineral exploration
and development company focused on fertilizers. The Company is
developing the Cerrado Verde project in Brazil, a source of
potash-rich rock from which Verde plans to produce a slow-release,
non-chloride, multi-nutrient, fertilizer product named
ThermoPotash. Founded as Amazon Mining in 2005, the Company changed
its name to Verde Potash in April 2011 to better reflect its main
business. The Company is also exploring for phosphate and
limestone.
On behalf of the Board of Directors of Verde Potash,
Jed Richardson, Vice President of Corporate Development
Cautionary Language and Forward Looking Statements
THIS PRESS RELEASE CONTAINS CERTAIN "FORWARD LOOKING
STATEMENTS", WHICH INCLUDE BUT IS NOT LIMITED TO, STATEMENTS WITH
RESPECT TO THE FUTURE FINANCIAL OR OPERATING PERFORMANCE OF THE
COMPANY, ITS SUBSIDIARIES AND ITS PROJECTS, STATEMENTS REGARDING
USE OF PROCEEDS, EXPLORATION PROSPECTS, IDENTIFICATION OF MINERAL
RESERVES, COSTS OF AND CAPITAL FOR EXPLORATION PROJECTS,
EXPLORATION EXPENDITURES, TIMING OF FUTURE EXPLORATION AND
PERMITTING, REQUIREMENTS FOR ADDITIONAL CAPITAL, GOVERNMENT
REGULATIONS OF MINING OPERATIONS, ENVIRONMENTAL RISKS, RECLAMATION
EXPENSES, TITLE DISPUTES OR CLAIMS, AND LIMITATIONS OF INSURANCE
COVERAGE. FORWARD LOOKING STATEMENTS CAN GENERALLY BE IDENTIFIED BY
THE USE OF WORDS SUCH AS "PLANS", "EXPECTS", OR "DOES NOT EXPECT"
OR "IS EXPECTED", "ANTICIPATES" OR "DOES NOT ANTICIPATE", OR
"BELIEVES", "INTENDS", "FORECASTS", "BUDGET", "SCHEDULED",
"ESTIMATES" OR VARIATIONS OF SUCH WORDS OR PHRASES OR STATE THAT
CERTAIN ACTIONS, EVENT, OR RESULTS "MAY", "COULD", "WOULD",
"MIGHT", OR "WILL BE TAKEN", "OCCUR" OR "BE ACHIEVED". FORWARD
LOOKING STATEMENTS INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES
AND OTHER FACTORS WHICH MAY CAUSE THE ACTUAL RESULTS, PERFORMANCE
OR ACHIEVEMENTS OF THE COMPANY TO BE MATERIALLY DIFFERENT FROM ANY
FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY
SAID STATEMENTS. THERE CAN BE NO ASSURANCES THAT FORWARD-LOOKING
STATEMENTS WILL PROVE TO BE ACCURATE, AS ACTUAL RESULTS AND FUTURE
EVENTS COULD DIFFER MATERIALLY FROM THOSE ANTICIPATED IN SAID
STATEMENTS. ACCORDINGLY, READERS SHOULD NOT PLACE UNDUE RELIANCE ON
FORWARD-LOOKING STATEMENTS.
Readers are cautioned not to rely solely on the summary of such
information contained in this release and are directed to the
complete set of drill results posted on Amazon's website
(www.amazonplc.com) and filed on SEDAR (www.sedar.com) and any
future amendments to such. Readers are also directed to the
cautionary notices and disclaimers contained herein.
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 RELEASE.
Contacts: Amazon Mining Holding Plc Cristiano Veloso President
& Chief Executive Officer +44 (0) 20 8133 7607 +44(0)20 7405
7773 (FAX) cv@amazonplc.com Amazon Mining Holding Plc Jed
Richardson VP Corporate Development +1(416)866-2966 +1(416)866-8829
(FAX) jed@amazonplc.com www.amazonplc.com
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