FED Agriminco Corporation

Ethiopian Potash Corp. (the "Company" or "EPC") (TSX VENTURE:FED)(TSX
VENTURE:FED.WT) announces that it has completed the shares for debt transactions
announced on July 3, 2012 after receiving the approval of the TSX Venture
Exchange.


EPC has issued 14,687,163 common shares (the "Common Shares") at a deemed price
of $0.15 per Common Share in settlement of outstanding debts in the aggregate
amount of $2,203,074.68 owed to certain arms-length service providers. The
Common Shares will be subject to a four month hold period expiring on November
14, 2012.


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. 


On behalf of the Board of Directors

George Roach, CEO & Director

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