Value Microcaps Food, Agriculture and Soft Commodities

[kipp440]

KCL - Option update #2

From the most recent financials.

Saskatchewan Potash
Pursuant to an Option Agreement dated May 15, 2006 and amended May 10, 2007
with Invictus Minerals Corp., ISX has agreed to acquire up to a 100% interest in the
Saskatchewan Potash Property (the “Property”) comprised of 97,239 acres located in
Southern Saskatchewan for the following consideration:
– staged cash payments totalling $3,000,000 ($750,000 of which has been paid);
– incurring exploration expenditures totalling $1,000,000;
– issuance of $1,000,000 worth of common shares of the Company; and,
– issuance of 500,000 warrants exercisable at $1.00 to acquire 500,000 common
shares prior to May 29, 2008
The Company has paid $10,000 to acquire an option to purchase a 2% gross
overriding royalty on the Property and has paid $100,000 towards the purchase price.