FED Agriminco Corporation

Ethiopian Potash Corp. (the "Company" or "EPC") (TSX VENTURE:FED)(TSX
VENTURE:FED.WT) is pleased to announce the appointments of Bruce Cumming and
Michael Galloro (the Company's Chief Financial Officer) as directors of the
Company, effective April 12, 2012.


The Company also announces the resignations of Paul DesLauriers, Robert Metcalfe
and Binh Vu from the board of directors (the "Board"), effective April 12, 2012.
The Company thanks Messrs. DesLauriers, Metcalfe and Vu for their service to
EPC.


Commenting on the Board changes, interim Chief Executive Officer and director of
the Company, George Roach notes: "These board changes are part of the process of
reorganisation required to facilitate the early exercise of EPC's option to
acquire G&B Central African Resources Ltd (the owner of the properties in the
Danakil). EPC anticipates a successful conclusion to the negotiation of such
early exercise (which is currently underway) in the near future. In addition,
these changes are an important requirement in the ongoing negotiations intended
to secure additional finance through a strategic investor.


"The appointment of Mr Bruce Cumming to the board should be seen as further
confirmation of the commitment of G&B to EPC and the exercise of the option
referred to above. In addition, Mr Cumming will be evaluating the exploration
undertaken to date and EPC anticipates the release of the results of this in
early May 2012. Simultaneously, EPC will develop an exploration program to be
implemented in the Central/eastern regions of the licences. This area has known
mineralisation at shallow depth, identified in recent and historic drilling.


"EPC anticipates the appointment of a new CEO and further restructuring of the
board as the negotiations referred to above progress."


Bruce Cumming is an exploration geologist with over 36 years work experience
throughout Africa. He graduated from the University of Cape Town with a B.Sc
(Hons) degree in 1975. He is a SACNASP & Engineering Institute of Zambia
registered geoscientist and also a member of the Geological Society of South
Africa. He worked for 26 years with the Falconbridge Limited group companies
through Southern and West Africa exploring for nickel, copper, gold, diamonds
and uranium. During the last 10 years he has worked for Caledonia Mining, a
TSX-listed company, in the Bushveld Complex and Eersteling Gold Field in South
Africa, an AIM-listed diamond exploration company in Sierra Leone as the
Exploration Manager. He was engaged as the Specialist Exploration for Konkola
Copper Mines (Vedanta), Zambia and has been the Chief Operating Officer for G&B
Group of companies for the last 5 years.


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

Forward-Looking Information

This press release may contain forward-looking statements based on assumptions,
uncertainties and management's best estimates of future events. All statements
that address future activities, events or developments that the Company
believes, expects or anticipates will or may occur (including, but not limited
to, the potential for and timing of the early exercise of EPC's option to
acquire G&B and the Company's plans ad expectations regarding its explaoration
programs) are forward-looking information. Forward-looking information is based
upon assumptions by management that are subject to known and unknown risks and
uncertainties and other factors that may cause actual results to differ
materially from those expressed or implied by the forward-looking information.
Factors that may cause actual results to vary materially include, but are not
limited to, the failure to enter into an agreement providing for the early
exercise of EPC's option to acquire G&B, the failure to secure additional
finance, changes in general economic conditions or conditions in the financial
markets, and unanticipated operational or technical difficulties. Such
forward-looking information is based on a number of assumptions, including but
not limited to, the availability of financing, and no significant decline in
existing general business and economic conditions. There can be no assurance
that the Company will be successful in obtaining required financing as and when
needed. Failure to obtain additional financing on a timely basis may cause the
Company to postpone or slow down its development plans or reduce or terminate
some or all of its activities. Accordingly, readers should not place undue
reliance on forward-looking information. The Company undertakes no obligations
to update publicly or otherwise revise any forward-looking information, except
as may be required by law. For a more detailed discussion of such risks and
other factors that could cause actual results to differ materially from those
expressed or implied by such forward-looking statements, refer to the Company's
filings with the Canadian securities regulators available on www.sedar.com.

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