Grizzly Discoveries to Commence Drilling on Provost Property

The 50:50 Provost Property is jointly owned by Grizzly and Pacific Potash, and initial potash exploration drilling on the property in 2011 is funded jointly by Grizzly and Pacific i proportion to their respective 50% interests.  The drill rig has been mobilized to the prepared well site 10-11-40-1W4 location.  Drilling at the 50:50 Provost Property should commence shortly.

Within the Region and underlying the 50:50 Provost Property lies the potash-bearing Patience Lake Member of the Prairie Evaporite formation.  The Patience Potash Member is anticipated to range from three to ten metres thick, at depths of 1,300 to 1,450 metres.  It is anticipated that drilling of the exploratory well at the 50:50 Provost Property will require approximately 7 to 10 days to complete and geophysically log.

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