IC Potash Corp. Appoints Mitsubishi UFJ Financial Group as Financial Advisor for the Ochoa Project

IC Potash Corp. (TSX: ICP) (OTCQX: ICPTF) ("ICP" or the "Company") announced
today the appointment of Mitsubishi UFJ Financial Group, acting through its
wholly-owned banking subsidiaries, the Bank of Tokyo-Mitsubishi UFJ, Ltd. and
Union Bank, N.A. (collectively "MUFG" or the "Bank"), as financial advisor for
its 100%-owned Sulphate of Potash ("SOP") Ochoa Project located in southeast New
Mexico. 


MUFG will provide advice with respect to project financing, including both debt
and equity. MUFG is one of the most active project finance banks in the world,
covering a variety of industries including mining. The Bank has been the number
one project finance arranger in the Americas since 2009, and was recognized as
Project Finance International's Global Bank of the Year for 2013.


Sidney Himmel, President and Chief Executive Officer of IC Potash Corp. stated:
"We are very pleased to be working with Mitsubishi UFJ Financial Group, one of
the most active banks in the world for resource project finance, as we expand
our business relationships with current strategic investors and look to
additional funders. Our New Mexico Sulphate of Potash Ochoa Project should
provide a strong supply of SOP in a market where shortages have appeared. The
current pricing of SOP continues to be excellent from the perspective of
producers. We anticipate being one of the lowest cost producers of SOP in the
world."


MUFG will advise ICP in the development of financing plans, including the
determination of appropriate commercial engineering contractual models, off-take
arrangements, and equity and debt models. They will also provide banking due
diligence with respect to capital costs, operating costs, and pricing.


It is expected that Lead Arrangers for project finance will be selected by the
third quarter of 2014. Other financing relationships may involve various export
credit agencies, equipment leasing arrangements, and mezzanine finance.


About IC Potash Corp. 
ICP has demonstrated a low-cost method to produce Sulphate of Potash ("SOP")
from its 100%-owned Ochoa polyhalite deposit in southeast New Mexico. The
Company goal is to become a primary, long-term producer of SOP. The global
market for SOP is 5.5 million tons per year, with producers benefiting from
substantial price premiums over regular potash, known as Muriate of Potash
("MOP"). SOP is a non-chloride potash fertilizer widely used in the
horticultural industry and for high value crops, such as fruits, vegetables,
tobacco and potatoes. It is applicable for soils where there are substantial
agricultural activity, high soil salinity, and in arid regions. The Ochoa
Project has access to excellent local labor resources, low-cost electricity and
natural gas, water, rail lines, and the Port of Galveston, Texas. ICP's land
holdings consist of nearly 90,000 acres of federal subsurface potassium
prospecting permits and State of New Mexico potassium mining leases. For more
information, please visit www.icpotash.com. 


Forward-Looking Statements 
Certain information set forth in this news release may contain forward-looking
statements that involve substantial known and unknown risks and uncertainties
and other factors which may cause the actual results, performance or
achievements of ICP to be materially different from any future results,
performance or achievements expressed or implied by such forward-looking
statements. Forward-looking statements include statements that use
forward-looking terminology such as "may", "will", "expect", "anticipate",
"believe", "continue", "potential" or the negative thereof or other variations
thereof or comparable terminology. Such forward-looking statements include,
without limitation, reserve estimates, ICP's expected position as one of the
lowest cost producers of SOP in the world, the timing of receipt and publication
of ICP's environmental permits, the sufficiency of ICP's cash balances, the
timing of production, and other statements that are not historical facts. These
forward-looking statements are subject to numerous risks and uncertainties,
certain of which are beyond the control of ICP, including, but not limited to,
risks associated with mineral exploration and mining activities, the impact of
general economic conditions, industry conditions, dependence upon regulatory
approvals, the uncertainty of obtaining additional financing, and risks
associated with turning reserves into product. Readers are cautioned that the
assumptions used in the preparation of such information, although considered
reasonable at the time of preparation, may prove to be imprecise and, as such,
undue reliance should not be placed on forward-looking statements. 



FOR FURTHER INFORMATION PLEASE CONTACT: 

FOR MORE INFORMATION, PLEASE CONTACT:
Mr. Mehdi Azodi
Investor Relations Director
Phone: [phone]
Email: [e-mail]