TORONTO, June 5, 2013 /PRNewswire/ --
Verde Potash (TSX: "NPK") ("Verde" or the "Company") is
pleased to announce Mr. José Fernando
Coura will be joining the Company's Board of Directors
following the Company's Annual General Meeting taking place at
1:00pm ET today. Mr. Coura is
presently the CEO of the Instituto Brasileiro de Mineração (IBRAM -
Brazilian Mining Association), Brazil's largest non-governmental organization
articulating and representing the mining industry, and
Vice-President of the Federação das Indústrias de Minas Gerais
(FIEMG - Association of Industries of Minas Gerais State), a
prominent organization which represents companies from all economic
sectors. Prior to ascending to IBRAM's presidency, Mr. Coura's
career has been devoted to the mining sector, in which he has held
distinguished positions at both the government and corporate
levels.
In the private sector, besides the managerial functions of Mr.
Coura's leadership, he was responsible for structuring investments
for the implementation and expansion of various mining projects.
Notably, between 1984 and 1992, he served as the Executive Director
of the CAEMI Group ("CAEMI"), a major Brazilian iron ore producer
acquired by Vale in 2006 for total consideration of $3.2 billion. During his tenure at CAEMI, Mr.
Coura was responsible for mine operation, engineering, technology,
environment and government relations. As CAEMI's Director of
Metallurgy and Mining for its North area, he was responsible for
operations with kaolin minerals, manganese, bauxite and chrome. Mr.
Coura is currently a member of the Board at Fidens Engenharia S/A,
a leading heavy engineering firm that has among its clients VALE,
Alcoa, Anglo American and
Lafarge.
In the public and not-for-profit sectors, throughout 1999 to
2001 Mr. Coura served as Secretary of Mines and Energy of Minas
Gerais State, Brazil's largest
mining state by volume and value and also the home state of Verde
Potash. Other key positions include President of the Brazilian
Mining Association (IBRAM), Vice-President of the Federation of
Industries of Minas Gerais State (FIEMG), President of the Union of
Mining Companies of Minas Gerais State (SINDIEXTRA) and
Vice-President of the National Union of Iron and Basic Metals
Companies (SINFERBASE). Mr. Coura sits on the Board of a number of
Brazilian foundations, including the State Environment Foundation
(FEAM), the Geology and Mining State Counsel (CEGEM) and State
Council for Environmental Policy (COPAM).
Mr. Coura has been awarded honorary titles by the Minas Gerais
State government, the Institution of Economics Academy of Minas
Gerais, the State governments of Pará and Espírito Santo, and by
FIEMG for Industrial Merit. He is also an honorable citizen of
Santa Bárbara, Paracatu, Barao de Cocais, Joao Molevade, Itabira
and Santa Bárbara.
Mr. Coura is a mining engineer with a degree from the School of
Mines at the Federal University of Ouro
Preto (MG) with a specialization in strategic planning,
industrial management and mineral economics.
President and CEO, Cristiano
Veloso, commented: "Mr. Coura has been a fantastic leader
for Minas Gerais state and the Brazilian mining industry. His
passion, wisdom and devotion to mining have been fundamental to the
industry's progress over the past decade."
About Verde Potash
Verde Potash, a Brazilian fertilizer development company, is
focused on advancing the Cerrado Verde project located in the heart
of Brazil's largest agriculture
market. Cerrado Verde is the source of a potash-rich deposit from
which the Company intends to produce potassium chloride (KCl). In
addition, the Company is developing its Calcario limestone project,
limestone being a key raw material in the production of KCl.
About the Cerrado Verde Potash
Project
Cerrado Verde is a unique project: 1) its high grade potash rock
outcrops and is amenable to strip mining, allowing fast
construction of a scalable operation; 2) it is located in the midst
of the world's third largest and fastest growing fertilizer market;
3) it connects to Brazil's largest
fertilizer distribution districts via existing and high quality
infrastructure; 4) it has the potential to supply KCl to
Brazil's local agriculture market
from its large potash-rich
deposit.
Cautionary Language and Forward Looking Statements
NEITHER THE TSX EXCHANGE NOR ITS REGULATION SERVICES PROVIDER
(AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX EXCHANGE)
ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS
RELEASE. 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, AND STATEMENTS
REGARDING USE OF PROCEEDS. 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 Verde's website
(http://www.verdepotash.com) and filed on SEDAR
(http://www.sedar.com) and any future amendments to such. Readers
are also directed to the cautionary notices and disclaimers
contained herein.
For further information:
Cristiano Veloso, President
& Chief Executive Officer
Tel: +55(31)3245-0205; Fax: +55(31)3245-0205;
Email: cv@verdepotash.com
http://www.verdepotash.com
Jaret Anderson, CFA, VP
Corporate Development
Tel: +1-(416)866-2966; ext. 223; Fax: +1(416)866-8829;
Email: ja@verdepotash.com