FED Agriminco Corporation

Ethiopian Potash Corp. (the "Company" or "EPC") (TSX VENTURE:FED) is pleased to
announce that the Company has received final approval from the TSX Venture
Exchange ("TSXV") in respect of (1) the early exercise of the option (the
"Option") to acquire G and B Central African Resources Ltd. ("G&B") which owns
the Danakil Property and the forming of a joint venture (the "JV") between EPC
and Danakil Potash Corporation ("Danakil Corp."); (2) EPC's acquisition from
Premier African Minerals Limited ("PREM") of all the issued and outstanding
shares of G and B African Resources SARL (the "Togo Acquisition"); (3) EPC's
acquisition from PREM of all the issued and outstanding shares of G and B
African Resources Mali SARL (the "Mali Acquisition"); and (4) all other
transactions contemplated by the amended and restated master agreement dated
June 3, 2013 between EPC, Danakil Holdings Limited ("JVCo") Danakil Corp., PREM,
G&B and ZRH Nominees (0105) Ltd. and related matters.


The Joint Venture

Pursuant to the definitive agreements, (1) prior to early exercise of the
Option, EPC transferred its rights and obligations (other than certain payment
obligations) under the Option to a wholly owned subsidiary, JVCo and (2) on
early exercise of the Option by JVCo, Danakil Corp. acquired a 70% interest in
JVCo and EPC has retained a 30% interest in JVCo. Under the terms of the JV,
Danakil Corp. will solely fund all expenditures of G&B (and any other group
company of JVCo) until both (i) a scoping study is completed and (ii) it has
funded project expenditures of US$7 million. After Danakil Corp. has funded such
expenditures, EPC and Danakil Corp. will contribute to expenditures of G&B on a
pro rata basis, subject to customary dilutive provisions in the event of any
failure of a party to fund its pro rata contribution from time to time. Once a
party's interest has been diluted to less than 10% (which can only occur
following completion of a definitive "feasibility study" (within the meaning of
Canadian National Instrument 43-101 ("NI 43-101"))), the interest shall be
converted into a 1% royalty over sales revenue from potash received from JVCo
(and any other group company of JVCo).


Pursuant to the definitive agreements, EPC has also satisfied an aggregate of
approximately $2,873,577 of debt by the issuance of 28,735,778 common shares in
the capital of EPC.


Togo Acquisition

As a result of the Togo Acquisition, PREM has become a "control person" of EPC
holding approximately 42% of the issued and outstanding common shares of the
Company. PREM received 100,000,000 common shares of EPC in consideration for the
Togo Acquisition.


Pursuant to the definitive agreements, PREM is entitled to nominate 2 directors
to the board of EPC whilst PREM's shareholding remains above 30% of the issued
share capital of EPC. At the meeting of shareholders held on June 30, 2013 (the
"Meeting") shareholders elected, John (Ian) Stalker and David De Jong Weill
(each a nominee of PREM) to hold the office of director. At the Meeting, the
shareholders of EPC also elected Michael Galloro, Pam Hueston, George Roach and
Anthony Vella to hold the office of director.


Mali Acquisition

Pursuant to its terms, EPC and PREM have closed the Mali Acquisition in escrow.
The escrow terms include a mechanism for unwinding the Mali Acquisition in the
event the escrow release conditions are not satisfied. In order to satisfy the
escrow release conditions, EPC must deliver to the TSXV an NI 43-101 compliant
"Technical Report" and title opinions, each in a form and substance satisfactory
to the TSXV. In the event that these release conditions are not satisfied by
June 30, 2014, the escrow arrangements will thereafter terminate and each of EPC
and PREM will re-convey or return to the other the securities and/or ownership
interests that were subject to escrow, thereby effectively unwinding the Mali
Acquisition. 20,000,000 common shares of EPC were issued in consideration for
the Mali Acquisition.


General

The Company will now proceed with a name change to "AgriMinco Corp." and a
change of its ticker symbol, and will update shareholders when such changes take
effect.


EPC's CEO, George Roach commented "Our Company interests in potash and
phosphates puts us in a leading position to favourably exploit the expanding
needs for agro-minerals. Our retained interest in the Danakil Property has real
value and significantly greater potential, in our opinion, than our immediate
neighbours. An update on the exploration program was discussed in our Press
Release of June 26th, 2013.


At the same time, our phosphate tenements in Togo immediately adjoin the State
owned operating mine that currently exports some 1,4mt of phosphate annually.
This is well below design capacity and the Company has initiated discussions
that may lead to negotiations to share existing facilities which if successful,
could result in near term production at significantly reduced capital outlay." 


ABOUT ETHIOPIAN POTASH CORP. 

Ethiopian Potash Corp. (TSX VENTURE:FED) 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, matters relating to the Danakil Property) 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 changes in general economic
conditions or conditions in the financial markets. Such forward-looking
information is based on a number of assumptions, including but not limited to,
there being no significant decline in existing general business and economic
conditions. 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.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Ethiopian Potash Corp.
George Roach
Chief Executive Officer and Director
+44 779 626 3999
george@regentresources.co.za


Ethiopian Potash Corp.
Michael Galloro
Chief Financial Officer and Director
416 907 5644

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