Re-appointment of Officers and Directors and Approval of 10% Stock Option Plan at the Allana Potash Annual and Special Meeting

At its annual and special meeting of shareholders held Tuesday, December 6, 2011, Allana Potash Corp. (TSX:AAA,OTCQX:ALLRF)
announced the re-appointment of the officers and directors of the Company with 90% of shareholders in favour, and that shareholders voted to approve the rolling 10% stock option plan of the Company, the share bonus plan and the shareholder’s rights plan.

As quoted in the press release:

With the successful completion of the positive Preliminary Economic Assessment (“PEA”), Allana is expediting additional studies on the project for its Feasibility Study. Such studies include geotechnical drilling for rock mechanic testwork, pilot solution mining cavern testwork and evaporation pond testwork on the salt plain. Currently, large bore drilling equipment is being mobilized to site to conduct drilling for water resources and to facilitate the solution mining cavern work. One drill rig is occupied with geotechnical drilling, while the second rig continues with in-fill drilling and resource expansion drilling.

Allana Potash President and CEO, Farhad Abasov, said:

“Allana continues to be encouraged by overwhelming support of its shareholders, demonstrated not only by their attendance at the AGM, but by the high voter turnout and number of votes in favour of the matters put before them this year.”

Click here to read the Allana Potash Corp. (TSX:AAA,OTCQX:ALLRF) press release