Federman & Sherwood Announces That a Securities Class Action Lawsuit Has Been Filed Against Intrepid Potash, Inc. (NYSE: IPI)

OKLAHOMA CITY, OK--(Marketwire - February 19, 2009) - On February 17, 2009, a class action lawsuit was filed in the United States District Court for the District of Colorado against Intrepid Potash, Inc. (NYSE: IPI). The complaint alleges violations of federal securities laws, Sections 11, 12(A)(2) and 15 of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of issuing a series of material misrepresentations to the market. The class definition is for those purchasers of IPI securities pursuant to and/or traceable to the Company's April 21, 2008 Initial Public Offering ("IPO").

Plaintiff seeks to recover damages on behalf of the Class. If you are a member of the Class as described above, you may move the Court no later than Monday, April 20, 2009, to serve as a lead plaintiff for the Class. However, in order to do so, you must meet certain legal requirements pursuant to the Private Securities Litigation Reform Act of 1995.

If you wish to discuss this action, participate in this or any other lawsuit, or have any questions or concerns regarding this notice, or preservation of your rights, please contact:

Contact Information: William B. Federman FEDERMAN & SHERWOOD 10205 North Pennsylvania Avenue Oklahoma City, OK 73120 Email to: wfederman@aol.com www.federmanlaw.com