FED Agriminco Corporation

Ethiopian Potash Corp. (the "Company" or "EPC") (TSX VENTURE:FED)(TSX
VENTURE:FED.WT) announces that it has arranged to settle outstanding debts owed
to certain arms-length service providers by issuing an aggregate of 14,687,163
common shares at a deemed price of $0.15 per common share. Such arrangements
remain subject to TSXV approval. The common shares that will be issued in
connection with this debt settlement will be subject to a hold period of four
months and one day from issuance.


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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