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Monday, 04/18/2016 10:49:33 AM

Monday, April 18, 2016 10:49:33 AM

Post# of 132
Following months of continued negotiations subsequent to the signing of the MOU with MMTC previously announced on October 15th, 2015, which outlined the base terms to a long term off-take agreement, Encanto confirms that the MOU is now expanded for an annual supply of a minimum of 2,000,000 metric tonnes of potash (approximately US$600 million at current prices) from the Company's Muskowekwan Project, located in Saskatchewan.