TORONTO, ON–(Marketwired – May 25, 2016) –
Verde Potash
(TSX: NPK) (“Verde” or the “Company”) is pleased to announce positive results from tests using TK47 on rice crops. The results showed that TK47 reduced the occurrence of rice blast, a plant-pathogenic fungus, by approximately 44%. Losses due to plant pathogens put a significant constraint on global food production. It is estimated that each year, rice blast disease alone destroys enough rice to feed 60 million people(1).
“These positive results solidify TK47 as an efficient product for crop protection. In Brazil, the crop protection market is worth over US$12B, about four times greater than the local potash market. Highly toxic chemical products account for the majority of the market. TK47 is approved for organic agriculture and can have a major impact in increasing sustainability for 21st century agriculture,” commented President & CEO, Cristiano Veloso.
Rice crop is vulnerable to attacks by many plant pathogens such as fungi, viruses, bacteria and nematodes, which can harm the productivity and quality of the harvested grain. For example, when environmental conditions are favourable to the pathogen, the damage caused by rice blast can compromise up to 100% of production.
TK47 has a high concentration of plant available silicon, an element which induces plants natural resistance against pests and diseases. Silicon supports plant tissues by strengthening the cell walls and leaves thereby reducing the need for fungicides and insecticides.
Results
The test, conducted by an independent consulting firm in the state of Rio Grande do Sul, Brazil, evaluated the agronomic efficiency of TK47 on irrigated rice. The test assessed the nutritional quality of the crop and the incidence of diseases, specifically rice blast. For comparison purposes, two sources of potassium (K2O) was applied, TK47 and potassium chloride (KCl). Four different doses of TK47 were applied 60 days before planting (Table 1).
The cultivar used was GURI INTA CL, which stands out for its grain quality and productivity. It is a medium maturity cultivar, fully blooming in 94 days and maturing in 125 days.
The results demonstrate that TK47 is effective in controlling rice blast. In the area where a commercial dose (100%) of K2O from TK47 was applied, the incidence of rice blast was 43.64% lower than in the area treated with the same dose of K2O from KCl. The disease incidence was also lower when 75% and 25% of K2O from TK47 was applied.
Table 1 – Treatments and rice blast incidence
| Treatment | % of K2O | Rice blast incidence (pl/m²) | ||
| Control | – | 13.50 | ||
| KCl | 100% | 13.75 | ||
| TK47 | 100% | 7.75 | ||
| TK47 | 75% | 10.75 | ||
| TK47 | 50% | 13.75 | ||
| TK47 | 25% | 11.75 |
About Verde Potash
Verde Potash is an agri-tech company promoting sustainable and profitable agriculture through the development of its Cerrado Verde Project. Cerrado Verde, located in the heart of Brazil’s largest agricultural market, is the source of a potassium-rich deposit from which the Company intends to produce solutions for crop nutrition, crop protection, soil improvement and increased sustainability. The Company’s portfolio includes TK47™, Super Greensand™ and Alpha.
Cautionary Language and Forward Looking Statements
NEITHER THE TSX EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. THIS PRESS RELEASE CONTAINS CERTAIN “FORWARD LOOKING STATEMENTS”, WHICH INCLUDE BUT IS NOT LIMITED TO, STATEMENTS WITH RESPECT TO THE FUTURE FINANCIAL OR OPERATING PERFORMANCE OF THE COMPANY, ITS SUBSIDIARIES AND ITS PROJECTS, AND STATEMENTS REGARDING USE OF PROCEEDS. FORWARD LOOKING STATEMENTS CAN GENERALLY BE IDENTIFIED BY THE USE OF WORDS SUCH AS “PLANS”, “EXPECTS”, OR “DOES NOT EXPECT” OR “IS EXPECTED”, “ANTICIPATES” OR “DOES NOT ANTICIPATE”, OR “BELIEVES”, “INTENDS”, “FORECASTS”, “BUDGET”, “SCHEDULED”, “ESTIMATES” OR VARIATIONS OF SUCH WORDS OR PHRASES OR STATE THAT CERTAIN ACTIONS, EVENT, OR RESULTS “MAY”, “COULD”, “WOULD”, “MIGHT”, OR “WILL BE TAKEN”, “OCCUR” OR “BE ACHIEVED”. FORWARD LOOKING STATEMENTS INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES AND OTHER FACTORS WHICH MAY CAUSE THE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS OF THE COMPANY TO BE MATERIALLY DIFFERENT FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SAID STATEMENTS. THERE CAN BE NO ASSURANCES THAT FORWARD-LOOKING STATEMENTS WILL PROVE TO BE ACCURATE, AS ACTUAL RESULTS AND FUTURE EVENTS COULD DIFFER MATERIALLY FROM THOSE ANTICIPATED IN SAID STATEMENTS. ACCORDINGLY, READERS SHOULD NOT PLACE UNDUE RELIANCE ON FORWARD-LOOKING STATEMENTS.
Readers are cautioned not to rely solely on the summary of such information contained in this release and are directed to the complete set of drill results posted on Verde’s website (www.verdepotash.com) and filed on SEDAR (www.sedar.com) and any future amendments to such. Readers are also directed to the cautionary notices and disclaimers contained herein.
(1) Talbot, Nick. “Rice blast disease: hopes for control.” Medium. A Medium Corporation, 21 Oct 2014. Web. 18 Mar. 2016. (https://medium.com/@plantvillage/rice-blast-disease-hopes-for-control-910655049d10#.uvjor2yqq)
For additional information please contact:
Cristiano Veloso
President & Chief Executive Officer
Tel: +55 (31) 3245 0205
Email: cv@verdepotash.com
www.verdepotash.com
Iwona Zakrzewski
VP Investor Relations & Corporate Secretary
Tel: +1 (416) 844-7337
Email: iz@verdepotash.com