UPCO:PINKS 0.14 ▲0.005 (3.57%)


Company ID [PINK:UPCO] Last trade:0.14 Trade time:3:59PM EST Value change:▲0.005 (3.57%)
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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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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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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.

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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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November 3, 2010 Las Vegas Nevada: Universal Potash Corporation, (the “Company”) (UPCO- Pink Sheets), is pleased to announce its short term Growth Plans include development of its newly acquired Lease Applications northwest of Moab in the Paradox Basin of Utah and the aggressive acquisition of additional strategic holdings. “The financial markets are showing significant support for Potash development projects and producers, UBS Securities was the most recent investment firm to state its opinion on the potash market and potash shares. Universal Potash current share price levels offer a significant risk/reward ratio in this current investment environment,” stated Kevin M. Murphy, CEO of Universal Potash Corp.

The Swiss investment firm, UBS, stated its potash market opinion and, in its opinion, upgraded the shares of  major producer  (NYSE:POT) from neutral to buy, citing strong market fundamentals. Analyst Brian MacArthur believes prices could improve further, “especially if China emerges as a substantial importer,” or if demand for corn increases among ethanol producers, according to a research report by the analyst in June of this year. Additionally, BHP Billiton Ltd., (NYSE:BHP) the world’s biggest mining company, said it expects potash prices will be high enough to allow for development of new mines

About Universal Potash Corp.

Universal Potash Corp. Is an acquisition driven exploration stage Potash Mining corporation dedicated to increasing shareholder value. The Management of Universal Potash’s principal focus is the acquisition of premium leasehold properties and the future development of these properties and business interest on a global basis. Management efforts are channeled into building Shareholder value as we are building Universal Potash Corp into an international enterprise and becoming a key player in meeting the growing challenge of feeding the world.

"Safe Harbor" Statement: Under The Private Securities Litigation Reform Act of 1995: The statements in all press releases that relate to the company's expectations, with regard to the future impact on the company's results from new projects in development, are forward-looking statements. A complete disclosure of our “SAFE HARBOR “statement is posted on our website at www.UniversalPotash.com under the heading “NEWS”.

Contact: Kevin M. Murphy - CEO
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Investor Relations Toll Free 1-877-331-8777

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