Ethiopian Potash Receives Additional High Grade Sylvite Assays

Ethiopian Potash Corp. ("EPC" or the "Company") (TSX VENTURE:FED)(TSX
VENTURE:FED.WT)(OTCQX:ETPHF) is pleased to announce that it has now received the
assay results for holes 1 and 3, located in the Discovery Zone in the Southwest
Corner of its Danakil Potash Project, Ethiopia.


David Wahl President and CEO stated, "We are in the unfortunate position of
having to release excellent results into a soft market during tax-loss selling
season, however hopefully investors can recognize the pattern of high grade
sylvite (the only horizon that matters for our mining plan) over excellent
widths, which should continue. With the rest of the drill results upcoming,
Ethiopian Potash expects to issue a new 43-101 in the early part of Q1 2012,
placing it in the exact same position as its Canadian listed peers operating in
the Basin."




Hole No.                 Unit    From (m)    To (m)    Interval (m)     KCL%
                                                                            
DAL-003               Sylvite      125.00    130.90            5.90    34.39
                    including      125.00    126.50            1.50    36.66
                    including      128.40    130.90            2.50    40.56
                                                                            
                   Carnallite      130.90    142.50           11.60     6.70
                      Kainite      142.50    154.50           12.00    16.66
                                                                            
                                                                            
DAL-001               Sylvite      120.00    122.00            2.00    34.61
                                                                            
                   Carnallite      122.00    127.00            3.00    15.13
                      Kainite      127.00    132.00           12.50     0.96



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. Ethiopian Potash
controls 481 sq km of shallow mineralization potash development concessions in
the fairway of the Danakil Depression, Ethiopia. The Company has an existing 128
mil tonne resource at 21% potash and is intent on aggressively fast-tracking its
properties to production.

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