Ethiopian Potash Corp

[SilverKnightLV]

Ethiopian Potash Corp. Treasury and Title

(The following was released on behalf of Ethiopian Potash by its communications firm.)

TREASURY

We believe that Ethiopian Potash has been under pressure based on

misunderstandings most recently aroused by poor research coverage

from a group that had hoped to lead the next financing effort, but

no doubt is nonplussed now by the fact that fees (the main driver of

the investment banking business model) will not be forthcoming.



With regard to our treasury - the company will not dilute current

stockholders at these depressed levels the way that has been

witnessed recently by comparables in the basin.

FED intends to retain its leverage to the Danakil in terms of

tonnage of sylvite per share.



Those selling in anticipation of reloading from an upcoming private

placement will be disappointed to not achieve their desired goal.

EPC is very comfortable with its financial situation, the backing of

KEY founders, and its ability to tap capital markets at the

appropriate time.



TITLE



As per below, title is completely sound, as it always was. Please

note the below extractions from the option agreement, also available

in the initial prospectus filed during the RTO last year at http://www.sedar.com/



EPC entered into an option agreement (the “Option Agreement”) with G

and B Central African Resources (“G&B”) and the shareholders of G&B

on September 7, 2010 (as amended on October 18, 2010, December 1,

2010 and January 18, 2011). Pursuant to the Option Agreement, EPC

was granted an option to acquire all of the issued and outstanding

shares of G&B and thereby indirectly acquire all of G&B’s interest

in the Danakil Potash Permits. To exercise the option granted under

the Option Agreement, EPC must meet certain milestones and make

certain related payments within 10 years of the effective date of

the Option Agreement. The option automatically terminates if not

fully exercised in 10 years. On April 11, 2011, an aggregate of

17,368,726 common shares of EPC were issued in connection with the

satisfaction of the requirements of the First Milestone under the

Option Agreement. In order to meet the Second Milestone, EPC must

complete a feasibility study. The completion of the Second Milestone

will result in the full exercise of the option granted under the

Option Agreement. EPC has 8 years and 10 months to do so, and that

is the only outstanding obligation.






Adam Chambers

416 907 9422

[e-mail]