Ethiopian Potash Corp.

Ethiopian Potash Corp.

July 03, 2012 17:49 ET

Ethiopian Potash Corp. Arranges Shares for Debt

TORONTO, ONTARIO--(Marketwire - July 3, 2012) - Ethiopian Potash Corp. (the "Company" or "EPC") (TSX VENTURE:FED)(TSX VENTURE:FED.WT) announces that it has arranged to settle outstanding debts owed to certain arms-length service providers by issuing an aggregate of 14,687,163 common shares at a deemed price of $0.15 per common share. Such arrangements remain 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. (TSX VENTURE:FED)(TSX VENTURE:FED.WT) 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.

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