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Abstract
ISX has received acceptance of the TSX Venture Exchange Inc. (the "Exchange") of its acquisition of up to a 100% interest in the KP-289 Subsurface Mineral Permit (the "Permit Area") located in southern Saskatchewan, adjacent to the Belle Plaine Potash Solution Mine operated by The Mosaic Company (MOS-NYSE), from Invictus Minerals Corporation, as previously announced in the Company's news release dated May 17, 2006. ISX has obtained a National Instrument 43-101 ("NI 43-101") compliant Technical Report dated February 8, 2007 (the "Report") on the Permit Area from Agapito Associates Inc. of Grand Junction, Colorado, USA ("AAI") co-authored by Dr. Michael Hardy, P.E. of AAI and Steven Halabura, P. Geo. of North Rim Exploration Ltd. of Saskatoon, Saskatchewan. Dr. Hardy is independent of the Company in accordance with NI 43-101 and Mr. Halabura is not independent of the Company in accordance with NI 43-101.