Ethiopian Potash Corp. Completes Shares for Debt Transaction and Appoints New Director

Ethiopian Potash Corp. (the "Company" or "EPC") (TSX VENTURE:FED) announces that
it has completed the shares for debt transaction announced on September 14, 2012
after receiving the approval of the TSX Venture Exchange.


EPC has issued 2,140,000 common shares (the "Common Shares") at a deemed price
of $0.15 per Common Share in settlement of a portion of the outstanding debt
owed to an arms-length service provider. The Common Shares will be subject to a
four month hold period expiring on January 26, 2013.


EPC is also pleased to announce the appointment of Pamela Hueston as a director
of the Company, effective immediately.


Pamela Hueston is currently the Director of Finance of Premier African Minerals
Limited, a company established to acquire and develop mineral properties across
West and Southern Africa, and has held other finance positions with mineral
exploration companies in Africa. Prior to working in the mining industry, Ms.
Hueston spent four years with Deloitte in various global locations working as a
Senior Manager in Forensic Accounting. Ms. Hueston is a Canadian Chartered
Accountant and MBA graduate from the University of Cape Town.


About Ethiopian Potash Corp. 

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