Karnalyte submits Environmental Impact Statement for Wynyard Carnallite Project

, /CNW/ – Karnalyte Resources Inc. («Karnalyte» or
the «Corporation» (TSX: KRN today announced that it has submitted the
Environmental Impact Statement («EIS» for its proposed Wynyard
Carnallite Project (the «Project» to the Saskatchewan Ministry of
Environment («MOE». The EIS was prepared by Dillon Consulting Limited,
under contract to a subsidiary of AG’s Global
Engineering and Construction Group («FW», with the support and
participation of FW subcontractors ERCOSPLAN Ingenieurgesellschaft
Geotechnik und Bergbau mbH, North Rim Exploration Ltd, ENVIRON EC
(, Inc., GeoEngineers, Inc. , RPS Energy, Clifton Associates
Ltd., North Environmental Services and Glen Veikle, M.A.

«Karnalyte considers strong environmental stewardship as a prime
objective in the design, construction and operation of the Wynyard
Carnallite Project,» said , President and CEO of
Karnalyte. «Submission of the EIS is an important milestone for
Karnalyte and we are confident the intensive two year preparation
leaves us well positioned to move the Project forward. «

The EIS considers the environmental impact of constructing a solution
mining facility that will produce 625,000 tonnes of potash per year.
The MOE will review the EIS in consideration of granting environmental
approval for the Project, which is required under the Saskatchewan
Environmental Assessment Act before Karnalyte may proceed with the
required licenses, permits and environmental protection measures
associated with the construction of its proposed potash facility.

The EIS will be released for public comment by the MOE once the document
has been reviewed and deemed complete. Karnalyte expects this to occur
in the first quarter of 2012.

Karnalyte is engaged in the business of exploration and development of
high quality agricultural and industrial potash and magnesium
products.  Karnalyte intends to develop and extract a carnallite -
sylvite mineral deposit through a known solution mining process at
competitive costs and with minimal environmental impact.   Using a
staged approached to potash plant construction, the Corporation plans
to operate a solution mining facility that will initially produce
625,000 tonnes of potash per year, increasing to 2.125 million tonnes
of potash per year. Karnalyte owns a 100% interest in Subsurface Permit
KP 360A and Subsurface Mineral Lease KLSA-010 located near Wynyard,
Saskatchewan, comprising a total of 85,126 acres.

This press release contains forward-looking statements. More
particularly, this press release contains statements concerning the
Corporation’s future operations, including the timing and review
process of the EIS by the MOE. The forward-looking statements contained
in this document are based on certain key expectations and assumptions
made by Karnalyte, including with respect to the Corporation’s future
operations. Although Karnalyte believes that the expectations and
assumptions on which the forward-looking statements are based are
reasonable, undue reliance should not be placed on the forward-looking
statements because Karnalyte can give no assurance that they will prove
to be correct. Since forward-looking statements address future events
and conditions, by their very nature they involve inherent risks and
uncertainties. Actual results could differ materially from those
currently anticipated due to a number of factors and risks. These
include, but are not limited to, the failure to obtain necessary
regulatory approvals, risks associated with the mining industry in
general (e.g., operational risks in development, exploration and
production; delays or changes in plans with respect to exploration or
development projects or capital expenditures; the uncertainty of
estimates and projections relating to production, costs and expenses,
and health, safety and environmental risks, commodity price and
exchange rate fluctuations. The forward-looking statements contained in
this document are made as of the date hereof and Karnalyte undertakes
no obligation to update publicly or revise any forward-looking
statements or information, whether as a result of new information,
future events or otherwise, unless so required by applicable securities
laws.

For further information:

Robin Phinney, President Chief Executive Officer Ron Love, Chief Financial Officer Vice-President Finance Julius Brinkman, Vice-President Corporate Development Telephone: (403 995-6560 E-mail: info@karnalyte.com Website: www.karnalyte.

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