Asia Pacific Resources (Udon Thani) Receives Award

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AUGUST 11, 2005 - 11:24 ET

Asia Pacific Resources Subsidiary Receives Environmental Award in Thailand

The Australian-Thai Chamber of Commerce held its annual Business Awards ceremony in Bangkok to recognize those companies which made an outstanding contribution to the Thai business sector during the past year. At the ceremony, Asia Pacific Potash Corporation (APPC), the Thai subsidiary of Asia Pacific Resources, received the "Environmental Excellence Award" for its underground potash mining project in Udon Thani.

Mr. Vorapot Phokeo, APPC Vice President for External Affairs, said: "APPC is committed to ensuring that it conducts its business activities and operations in an environmentally responsible manner. The Australian-Thai Chamber Award recognizes the Company's commitment to protecting and preserving the environment both during and after mining operations are completed, and honoring its social responsibilities towards the local communities."

"Potash mines worldwide operate safely in the communities in which they are located," said John Bovard, President and CEO of Asia Pacific Resources and APPC. "Most of these mines leave large tailings piles on the land surface. One of the key aspects of APPC's Udon Thani project is its innovative approach in moving the waste salt tailings back underground. The Company will spend an additional US$52 million (approx. Baht 2 Billion) during mining operations to implement its hydraulic backfill technology and, following completion of mining, no waste salt tailings will remain on the land surface. The use of hydraulic backfill technology as part of the mine rehabilitation process is one of the ways in which APPC will ensure that its operations are in harmony with the environment. We are very pleased that this important environmental step has been recognized," concluded Mr. Bovard.

Asia Pacific Resources shares are traded on the TSX as well as the Frankfurt and Stuttgart Stock Exchanges, under the symbol APQ, and on the OTCBB under the Symbol APQCF.