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Universal Potash - UPCO.OB

We are a natural resource exploration and development company engaged in the exploration and development of properties that may contain minerals in the United States. The Company is following a business plan that calls for Company representatives to research, negotiate and obtain highly prospective uranium or potash properties, following which the Company intends to enter into Joint Venture agreements to see the properties developed at a minimal cash cost to the Company.

Paradox Basin

a massive Salt Anticline covering a large area of eastern Utah and western Colorado, contains as much as 2.0 billion tons of Potash in reports from the US Geological Society. Production to date has almost entirely come from the Cane Creek Mine complex operated by Intrepid Potash, Inc., located 5 miles west of Moab, Utah, which has been in production since the mid 1960’s. Current production from the mine is in excess of 100,000 tons of Potash per year.

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What is Potash?

Potash bearing rock deposits occur in many regions of the world. They are derived from the minerals in ancient seas that dried up millions of years ago. Fertilizer potash is mostly derived from these potash rocks. It requires only separation from the salt and other minerals. There are no known substitutes for potash.

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Exploration

We are pleased to announce the filing of certain Potash applications within the State of Utah. The applications cover a total of 29,000 acres near Moab, Utah. Included in this is an Exploration Permit application covering a total of 3,880 acres (over 6 sections) of prospective ground northwest of Moab, and Potash Lease Applications for a total of 7,360 acres (11 ½ sections) of School Sections and a total of 17,760 acres (27 ¾ sections) of ground within the Known Potash Leasing Areas (“KPLA’s”) within 3 miles of Intrepids’ Cane Creek operations.

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