Ethiopian Potash Corp. Arranges Shares for Debt


TORONTO, ONTARIO--(Marketwire - Sept. 14, 2012) - Ethiopian Potash Corp. (the "Company" or "EPC") (FED.V)(FED-WT.V) announces that it has arranged to settle a portion of the outstanding debt owed to an arms-length service provider by issuing an aggregate of 2,140,000 common shares at a deemed price of $0.15 per common share. Such arrangement remains subject to TSXV approval. The common shares that will be issued in connection with this debt settlement will be subject to a hold period of four months and one day from issuance.

About Ethiopian Potash Corp.

Ethiopian Potash Corp. (FED.V)(FED-WT.V) is a Canadian company based in Toronto, Ontario and Addis Ababa, Ethiopia.

On behalf of the Board of Directors

George Roach, CEO & Director

Neither the 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.

+1 416 907 9422
Adam Chambers

George Roach
Ethiopian Potash Corp.
Chief Executive Officer and Director
+44 779 626 3999

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