Ethiopian Potash Corp. Announces Renewal of Danakil License

Ethiopian Potash Corp. (the "Company" or "EPC") (TSX VENTURE:FED) is pleased to
announce the renewal of Danakil mineral exploration licence 3137-3150/2000 (the
"Danakil Permit") obtained by G and B Central African Resources Ltd. ("G&B")
from the Ministry of Mines and Energy of the Federal Democratic Republic of
Ethiopia for the period up to and including August 21, 2013. Pursuant to an
option agreement between EPC, G&B and the shareholders of G&B, EPC has the right
to acquire 100% of G&B subject to the fulfilment of certain conditions as set
forth therein.


EPC also announces its intent to voluntarily cease the listing of its common
shares on the OTCQX Bulletin Board effective December 31, 2012. This will not
affect the listing of EPC's common shares on the TSX Venture Exchange.
Additionally, the Company will return 5,388,252 common shares to treasury for
cancellation, representing an increase of $808,237.80 of payables of the
Company, in order to correct an administrative error in connection with the
shares for debt transaction completed on July 13, 2012. After correcting this
matter, EPC will have 120,076,137 common shares issued and outstanding.


About Ethiopian Potash Corp. 

Ethiopian Potash Corp. (TSX VENTURE:FED) is a Canadian company based in Toronto,
Ontario and Addis Ababa, Ethiopia. 


On behalf of the Board of Directors

George Roach, CEO & Director

Forward-Looking Information

This press release may contain forward-looking statements based on assumptions,
uncertainties and management's best estimates of future events. All statements
that address future activities, events or developments that the Company
believes, expects or anticipates will or may occur are forward-looking
information. Forward-looking information is based upon assumptions by management
that are subject to known and unknown risks and uncertainties beyond the
Company's control. There can be no assurance that outcomes anticipated in the
forward-looking information will occur and actual results may differ materially
for a variety of reasons. Accordingly, readers should not place undue reliance
on forward-looking information. The Company undertakes no obligations to update
publicly or otherwise revise any forward-looking information, except as may be
required by law. For a more detailed discussion of such risks and other factors
that could cause actual results to differ materially from those expressed or
implied by such forward-looking statements, refer to the Company's filings with
the Canadian securities regulators available on www.sedar.com.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Adam Chambers
[phone]
[e-mail]


Ethiopian Potash Corp.
George Roach
Chief Executive Officer and Director
[phone]
[e-mail]