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Passport Metals Inc.: Passport Metals Inc. Acquires 3 Additional Leases in Holbrook Potash Property in Arizona

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  Published in Business and Finance on Monday, July 6th 2009 at 7:55 GMT, Last Modified on 2009-07-06 07:55:47 by Market Wire
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 6, 2009) - Passport Metals Inc. (TSX VENTURE:PPI) is pleased to announce that it has acquired 3 new leases adjacent to its property holdings in the Holbrook Basic Potash property. The 3 claims: #08-113498, 640 acres, T16N R22 E Sec 16, #08-113499, 439.79 acres, T15N R 22E Sec 4 and #08-113500, 480 acres, T16N R22E Sec 28 total 1559.79 acres. There are two leases pending approval by the State of Arizona.

In September 2008, Passport entered into a mineral option agreement with Southwest Exploration Inc., a private Arizona incorporated company, to acquire a 100-per-cent interest in 13 state leases comprising 8,413.3 acres (3,404.76 hectares). The properties, to be designated the Holbrook holdings, are located in Navajo county, covering portions of the prospective Holbrook basin. Passport now has the right to acquire a 100% interest in 16 state leases totaling 9,973.09 acres or 4,035.96 hectares.

ADVISORY BOARD APPOINTMENT

Passport Metals Inc. has appointed Clive Bailey, Certified Professional Geologist, to the Advisory Board effective immediately. Mr. Bailey is a "Qualified Person," or "QP" as defined by the NI 43-101 standards and has a BS in geology. Mr. Bailey has more than 30 years of experience in salts, uranium and precious metals. Additionally, Mr. Bailey has extensive experience with downhole logging and geophysics and has completed more than 1,000,000 feet of drilling throughout his career. Mr. Bailey is an environmental specialist and served as a manager/advisor to a public company that controlled a portion of the Carlsbad, New Mexico potash deposit.

The company also wishes to announce that Terence Smithson is no longer on the Advisory Board and the Company wishes to thank him for his efforts.

On behalf of the Board of Directors

Laara Shaffer, Director

Neither 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.