FED Agriminco Corporation

Ethiopian Potash Corp. (TSX VENTURE:FED)(TSX VENTURE:FED.WT) ("EPC" or the
"Company") wishes to clarify an unauthorized press release issued February 13th
(yesterday) by a former employee of the Company. 


EPC has been made aware that a former employee of EPC has issued a press release
naming the Company and announcing his resignation to the public. This press
release issued over Canada Newswire was widely disseminated to investors, given
the unauthorized use of EPC's name in the subject line. 


The Company wishes to confirm the employee's resignation as a non-material event
regarding a non-senior employee and, further, is puzzled by the unauthorized use
of EPC's name on his behalf. The Company confirms that all claims and licenses
continue to be in good standing, and that the Company continues with its
successful drilling campaign, and will release results to the public as soon as
they become available.  


EPC is aware that the press release itself as well as its content may have
caused confusion amongst its investors and is investigating how an unauthorized
non-material press release was issued and widely distributed without the consent
of the Company.


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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