December 20, 2012
SOFTROCK ANNUAL MEETING AND PROGRESS REPORT
CALGARY, Dec. 20, 2012 /CNW/ - The Honourable Nick Taylor, President of Softrock, in reporting on Softrock's Annual meeting of Shareholders held in Calgary, Alberta November 30, 2012 expressed the regret of the Board and shareholders attending that Arne Nielsen was stepping down from the Board to better attend to his health and family.
"Arne's foresight, business sense, and knowledge of sedimentary geology was invaluable to the company" Taylor said "And we all wish him good health in the years ahead."
In speaking to the progress of Softrock, Taylor said the company is anxiously awaiting the results of two or more horizontal wells to be drilled offsetting Softrock's 50% owned one section lease in the Spirit River area of northwest Alberta. "Acreage prices in the area have taken off with prices reported to be in the range of 1 to 2 million dollars per section," Taylor commented.
"Softrock's 315,085 acres of potash rights in northern Alberta, all chosen after two years of geological, geophysical and geochemical studies, are being circulated to companies who have indicated by their activities an interest in potash." Taylor concluded.
For further information please contact:
TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange)
responsibility for the adequacy or accuracy of this release.