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Allana Potash Corp. Commences 2D and Downhole Seismic Surveys at Ethiopian Potash Project

TORONTO, ONTARIO--(Marketwire - Oct. 4, 2010) - Allana Potash Corp. (TSX VENTURE:AAA - News; "Allana" or the "Company"), is pleased to announce that it has commenced its 2D surface seismic survey and its down hole seismic survey at its Ethiopian Potash Project in the Danakhil Depression. The 2D surface program consists of approximately 45 km of survey lines over the southern part of the evaporite basin where recent drilling by Allana has intersected a thick potash horizon (approx. 25 metres). This horizon remains open in all directions and it is anticipated that the 2D seismic survey will assist in defining the continuity of this prospective zone.Farhad Abasov, President and CEO of Allana Potash, stated: "We are excited to start what will be the first extensive seismic program in the Danakil Depression. In conjunction with four holes already drilled, all of which exceeded management's expectations, the seismic survey information will be invaluable in aiding our exploration team target additional drill holes and establish continuity of the potash zones in the central part of the evaporite basin. The results of the seismic survey, along with data from our Phase two drilling program, will contribute significantly to our understanding of the potash in the main evaporite basin and allow us to move forward with our plans for a new mineral resource estimate."The Tesla-IMC seismic team is on site with three vibroseis machines and line preparation as well as camp expansion, to accommodate up to 90 people, has been completed. Crew training and optimizing of equipment is ongoing and data collection of the main survey grid across the salt plain is scheduled to commence in several days. Drill holes will be selected for the down hole surveys and data readings will be conducted along with the 2D survey. Management expects that the 45 km 2D surface survey will be completed in approximately 30 days.About Allana Potash Corp.Allana is a publicly traded corporation with a focus on the acquisition and development of potash assets internationally with its major focus on a previously explored potash property in Ethiopia with NI 43-101-compliant Inferred Mineral Resource of over 100 million tonnes of potash mineralization (Sylvite and Kainite) with a composite grade of 20.8 % KCl (see News Release Sept. 17, 2008). Allana has approximately 118.5 million shares outstanding and trades on the TSX-Venture exchange under the symbol "AAA".Peter J. MacLean, Ph.D., P. Geo., Allana's Senior VP Exploration, is a Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information presented in this release.Forward-Looking StatementExcept for statements of historical fact relating to the Company, certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the effect and estimated timeline of the seismic survey and drill program on the Company, the receipt of all required regulatory approvals, estimated production, the estimation of mineral reserves and mineral resources; the realization of mineral reserve estimates; the timing and amount of estimated future production; costs of production; capital expenditures; success of exploration activities; permitting time lines and permitting, mining or processing issues; government regulation of mining operations; environmental risks; unanticipated reclamation expenses; title disputes or claims; litigation liabilities; limitations on insurance coverage and the effect of terminating the investor relations contract. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance with applicable securities laws.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.