Allana Potash fka AAA

[FlatEarthSoc]

news:

Allana Potash Initiates Environmental and Social Impact Assessment on its Ethiopian Potash Project

http://www.istockanalyst.com/business/news/5376477/allana-potash-initiates-environmental-and-social-impact-assessment-on-its-ethiopian-potash-project

TORONTO, ONTARIO -- (Marketwire) -- 08/24/11 -- Allana Potash Corp. (TSX VENTURE:AAA) ("Allana" or the "Company"), is pleased to announce that it has awarded an Environmental and Social Impact Assessment Study ("ESIA") to Environmental Resources Management ("ERM"). The ESIA is scheduled for completion in Q3 2012 and will form an integral part of the Feasibility Study the Company plans to initiate shortly.

ERM is a widely recognized world leader in environmental and social studies on a wide range of projects including mining projects throughout the world and for clients such as Anglo American and Northern Peru Copper Company. ERM has offices in 40 countries worldwide and Allana's project will be coordinated out of South Africa. In addition to ERM staff, Ethiopian environmental consulting firms, such as Beles Engineering, will be involved in the ESIA.

Farhad Abasov, Allana's President and CEO, stated: "Allana is very pleased to engage ERM to complete an ESIA Study for our potash project. As a world leader in environmental and social studies, ERM will provide guidance on environmental and social programs in compliance with IFC and World Bank standards that will be important in advancing this project. The ESIA will begin immediately with a camp expansion well underway to accommodate additional staff. This is an important development for Allana and we look forward to working with ERM as our project advances to production."

About Allana Potash Corp.

Allana is a publicly traded corporation with a focus on the acquisition and development of potash assets internationally with its major focus on a previously explored potash property in Ethiopia. Allana has secured financial support from two significant strategic investors: IFC, a member of World Bank Group, and Liberty Metals and Mining, PLC, a subsidiary of Liberty Mutual Group.

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