Encanto Announces Extension of Share Purchase Warrants

TSXV: EPO

VANCOUVER, Sept. 22, 2017 /CNW/ - Encanto Potash Corp. ("Encanto" or the "Company") announces that it intends to extend the expiry date of a total of 5,585,000 outstanding share purchase warrants, all of which are exercisable at $0.30 per share (collectively, the "Warrants"). The Warrants were issued pursuant to a private placement completed in two tranches on October 9, 2014 and October 23, 2014 and were set to expire on October 9, 2017 and October 23, 2017. The new expiration date of the Warrants is October 9, 2019 (as to 5,535,000 warrants) and October 23, 2019 (as to 50,000 warrants). The exercise price and all other terms of the Warrants will remain unchanged. The extension of the Warrants is subject to the approval of the TSX Venture Exchange.

About Encanto Potash Corp.

Encanto Potash Corp. is a TSX Venture Exchange listed and traded Canadian Resource Company engaged in the development of potash properties in the Province of Saskatchewan, Canada, the largest producing potash region in the world. Through a joint venture agreement with Muskowekwan Resources Ltd, Encanto has secured a project land package which totals approximately 61,000 largely contiguous acres. Pre-Feasibility Study dated February 28, 2013 titled "Encanto Potash Corp. Technical Report Summarizing the Preliminary Feasibility Study for the Muskowekwan First Nations Home Reserve Project in South Eastern Saskatchewan, Canada" confirms the Proven and Probable KCI Reserves totaling 162 Mt grading 28% KCl (average) which supports primary and secondary mining for over 50 years at an assumed annual rate extraction rate of 2.8 Mt of MOP. The PEA dated May 24, 2017 titled " NI 43-101 Technical Report on a Preliminary Economic Assessment and Preliminary Feasibility Study of the Muskowekwan Potash Project, South-Eastern Saskatchewan, Canada" summarizes an alternative development option that supports primary and secondary mining of the Mineral Resources for 48 years at an annual extraction rate of 3.4 Mt of MOP. On December 30, 2016, Encanto signed a 20-year off-take agreement with the National Federation of Farmers' Procurement, Processing, and Retailing Cooperatives of India Ltd., (NACOF) registered under the Ministry of Agriculture, Government of India to supply 5 million metric tons a year of potash.

For additional information about Encanto Potash Corp., please visit the Company's website at www.encantopotash.com or review the Company's documents filed on www.sedar.com.

For further information please contact:
Jeffrey Brown
Tel: 518-522-4732
Email: [email protected]

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.

SOURCE Encanto Potash Corp.