Ann: SO4: MOU with Blackham for Potential Development of Lake Way, page-3

MOU WITH BLACKHAM RESOURCES FOR POTENTIAL DEVELOPMENT OF LAKE WAY Salt Lake Potash (SLP) is pleased to announce that the Company has entered a Memorandum of Understanding (MOU) with Blackham Resources Limited (Blackham) to investigate the potential development of a Sulphate of Potash (SOP) operation based at Lake Way, near Wiluna. SLP holds approximately 290km2 of tenure over the Lake Way Paleochannel, as part of the Goldfields Salt Lakes Project (GSLP). Blackham is the owner of the Matilda-Wiluna Gold Operation and holds approximately 64km2 at the Northern End of the Lake. This surrounds the former Williamson Pit, last mined in 2006 and now filled with brine at an exceptional grade of 25kg/m3 of SOP (