Sage Potash Moves Forward on Drill Program, Appoints Drake Well Service for Sage Plains Project
Sage Potash Moves Forward on Drill Program,
Appoints Drake Well Service for Sage Plains
Project
Vancouver, British Columbia--(Newsfile Corp. - April 29, 2026) - Sage Potash Corp. (TSXV: SAGE)
(OTCQB: SGPTF) ("Sage Potash" or the "Company") is pleased to announce continued progress on its
previously announced drill program (see news release dated April 07, 2026) at its Sage Plain potash
project located in the Paradox basin, southwestern Utah.
Through its drilling management consultant, Westrock Energy Services (USA) Inc., the company has
selected Drake Well Service Inc. ("Drake") to complete the drilling program anticipated to commence in
Q2 2026. Located in Farmington New Mexico, Drake is a privately owned service provider with over 60
years of experience in the region in which the Sage Potash claims are located.
Among its range of
services, Drake provides large rigs used in oilfield well drilling which are the same type of rigs required
for accessing the Paradox potash deposits.
Drake owns and operates an extensive array of equipment
and has the appropriate drilling rig to complete the program in a safe and efficient manner.
Drake was
selected based on their local reputation for excellent work and commitment to safety.
Drake will procure
services from about 25 various service providers to deliver the project.
"Sage Potash has completed a comprehensive review of drilling contractors, and we are impressed
with Drake's reputation, equipment availability and their experience in delivering quality programs,
dependable service and their commitment to safety.
We look forward to working with Drake Well
Service along with our management company Westrock and we are confident that they will deliver
good value for Sage Potash," said Pat Varas, Chief Executive Officer of Sage Potash.
Westrock has completed a detailed drilling plan and will provide oversight of all stages of the program.
Site construction and mobilization is scheduled to start at the end of May with drilling commencing in
early June.
Three weeks have been scheduled to complete the drilling and core recovery with
demobilization complete by the end of June. An updated resource estimate is anticipated in mid Q3
2026.
The Paradox Basin contains extensive potash deposits including the high-grade Cycle 18 Upper and
Lower beds at depths of 2,100 meters (6,890 feet) at the Company's project site.
As noted in the April
07, 2026 press release, the planned drilling program will target these potash beds and is designed to
confirm the project contains one of the most prospective solution mining targets in the United States.
Results of the drilling program are anticipated to expand the project's mineral resource, improve the
resource classification to advance the project by providing key inputs for continued engineering and
development.
About Sage Potash Corp.
Sage Potash Corp. (TSXV: SAGE) (OTCQB: SGPTF) is dedicated to the development of its flagship
Sage Plain Potash Project, located in the Paradox Basin, Utah. With a large and high-grade resource
base, the Company is advancing toward its goal of establishing a secure and sustainable domestic
potash production platform in the United States. Sage Potash is committed to food security,
environmental stewardship, and creating value for shareholders and stakeholders alike.
On Behalf of the Board of Directors,
J. Patricio Varas, CEO and Director
1 (236) 521-1521
Website:
www.sagepotash.com
For media inquiries, please contact:
Marcus van der Made, Investor Relations
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains "forward-looking information" and "forward-looking statements" within the
meaning of applicable securities legislation. The forward-looking statements herein are made as of the
date of this news release only, and the Company does not assume any obligation to update or revise
them to reflect new information, estimates or opinions, future events or results or otherwise, except as
required by applicable law. Often, but not always, forward-looking statements can be identified by the
use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts",
"predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including
negative variations) of such words and phrases or may be identified by statements to the effect that
certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved.
Forward-looking information in this news release includes, but is not limited to, statements with respect
to future events or future performance of Sage Potash, including the satisfactory design and supervision
of the Company's upcoming drill program by Westrock, the achievement of positive results of the drill
program, the achievement of targeting Cycle 18 horizons and continuous core recovery, the achievement
of satisfactory potash evaluation and hydrogeological testing in the drill program, and the timing of the
commencement of the drill program. Forward-looking statements and information are subject to various
known and unknown risks and uncertainties, many of which are beyond the ability of the Company to
control or predict, that may cause the Company's actual results, performance or achievements to be
materially different from those expressed or implied thereby, and are developed based on assumptions
about such risks, uncertainties and other factors set out herein, including, but not limited to, the risk
factors set out under the heading "Risk Factors and Uncertainties" in the Company's Management's
Discussion & Analysis available for review under the Company's profile at
www.sedarplus.ca
. Such
forward-looking information represents management's best judgement based on information currently
available. No forward-looking statement can be guaranteed and actual future results may vary materially.
Accordingly, readers are advised not to place undue reliance on forward-looking statements or
information.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/294810