Allana Potash Corp. (TSX:AAA) ("Allana" or the "Company") provides an update to
investors regarding the development of its flagship Danakhil potash project in
northeastern Ethiopia. Significant progress has been made so far this year in
all areas of critical pre-construction project work such as technical
optimization studies, bank debt financing and infrastructure development. 


TECHNICAL & SOCIAL PROGRAM WORK 



--  The Ministry of Water, Irrigation and Energy has granted Allana an
    exlcusive right to extract approximately 30,000,000 cubic metres of
    water per year which greatly exceeds the requirements for planned MOP
    production of 1 million tonnes per year which is estimated at 18,500,000
    cubic metres per year. 
--  Optimization studies, including in-fill drilling, water field supply
    pre-construction development and additional solution mining work, are
    ongoing with ICL/AAA technical committee guidance. 
--  Final review of potential EPCM contractors for project pre-construction
    studies is in progress. 
--  After 18 months of dialogue and cooperation, the hamlets of Mororo and
    Alai Lai in the Afar region have been relocated and re-established under
    Allana's Relocation Assistance Plan approved by the Ethiopian Government
    and the IFC.  
--  APA (Allana Potash Afar), in partnership with the Afar regional
    government, opened a dormant clinic in the village of Hamad Ela in May
    2014 to provide primary health care to the local Afar people. To date,
    219 patients have been treated at this new facility.



INFRASTRUCTURE BUILD



--  Construction at Tadjoura Port in Djibouti is proceeding and target
    completion is projected by the Djibouti Ports and Free Zones Authority
    (DPFZA) for Q1 2016. Allana expects to be granted construction access
    for the Tadjoura Potash Terminal facility starting from mid-2015. 
--  Allana is completing the final elements of the commercial arrangement
    with the DPFZA, having clarified the physical and operations service
    interfaces between the DPFZA Tadjoura Port and Allana Tadjoura Potash
    Terminal facilities. 
--  Construction of 120 km of upgraded highway in Djibouti is also
    proceeding with completion projected by the Djibouti Ministry of
    Transport and Infrastructure to be by early 2015. 
--  Construction of 110 km of highway in Ethiopia near Allana's project site
    is expected to start with contracting by the Ethiopian Roads Authority
    in late 2014. 
--  Tender is now out for the construction of the 216 km Asayita to Tadjoura
    railway project with contractor bids due to the Ethiopian Railway
    Authority in early August 2014.



DEBT FINANCING



--  Allana has worked with ICL to integrate project preparation activities
    with those of the lender group, and financing program activity is
    proceeding 
--  Core lender group and major supply-country export credit agency lender
    are following their processes in cooperation with Allana and its
    advisors 
--  Timeline for completion of all debt financing expected to be late fall,
    early winter of this year



Farhad Abasov, Allana's President & CEO stated: "All aspects of our project have
been progressing extremely well since we signed our transformative strategic
alliance agreement with ICL Ltd. (Israel Chemicals Ltd.) in February, 2014. Not
only have we benefited from ICL's technical, operational, and engineering
expertise, but ICL has been instrumental in assisting Allana Potash with our
infrastructure and transportation logistics planning and implementation
procedures. In addition, the take-or-pay contract signed with ICL for 80% of our
eventual potash production has not only solidified the financial robustness of
our project, it has also attracted interest from international commercial banks
and large investment institutions, as well as some private equity entities. This
has allowed us to consider more flexible forms of additional debt & equity and
an overall less dilutive project finance structure."


NEXT STEPS

Allana will continue to advance all the critical aspects of the project that
need attention for its successful completion. In addition to the technical,
financing and infrastructure development programs in progress, comprehensive
taxation, customs, and foreign currency exchange agreements with the Ethiopian
government thorough various ministries are currently in advanced negotiation
stages and are expected be complete before the end of the year. Securing full
project financing as soon as possible remains Allana's top priority and senior
management continues to working diligently towards this goal.


About ICL

ICL is a global manufacturer of products based on unique minerals that fulfill
humanity's essential needs, primarily in three markets: agriculture, food and
engineered materials. The agricultural products that ICL produce help to feed
the world's growing population. The potash and phosphates that it mines and
manufactures are used as ingredients in fertilizers and serve as an essential
component in the pharmaceutical and food additives industries. The food
additives that we produce enable people to have greater access to more varied
and higher quality food; ICL's water treatment products supply clean water to
millions of people as well as industry around the world; and other substances,
based on bromine and phosphates help to create energy that is more efficient and
environmentally friendly, prevent the spread of forest fires and allow the safe
and widespread use of a variety of products and materials. ICL benefits from a
broad presence throughout the world and proximity to large markets, including in
developing regions. ICL operates within a strategic framework of sustainability
that includes a commitment to the environment, support of communities in which
ICL's manufacturing operations are located and where its employees live, and a
commitment to all its employees, customers, suppliers and other stakeholders.


ICL is a public company whose shares are traded on the Tel Aviv Stock Exchange
(TASE: ICL). The company employs around 12,000 people worldwide, and its sales
in 2013 totaled $6.3 billion. For more information, visit the company's website
at www.icl-group.com.


About Allana Potash Corp.

Allana is a publicly traded corporation with a focus on the acquisition and
development of potash assets internationally with its major focus on a
previously explored potash property in Ethiopia. Allana has secured financial
support from three significant strategic investors: ICL, one of the world's
largest potash producers, IFC, a member of World Bank Group, and LMM, a member
of Liberty Mutual Group. Allana has estimated measured Sylvinite mineral
resources of 115.3 million tonnes of 27.8% KCl; indicated Sylvinite mineral
resources of 212.1 million tonnes of 28.6% KCl, and an estimated inferred
Sylvinite mineral resource of 90.8 million tonnes grading 27.8% KCl, In
addition, the Project hosts measured Kainitite mineral resources of 552.3
million tonnes at 19.4% KCl, indicated Kainitite mineral resources of 598.2
million tonnes of 19.5% KCl and an estimated inferred Kainitite mineral resource
of 481.8 million tonnes of 19.8% KCl; estimated measured Upper Carnallitite
mineral resources of 121.5 million tonnes grading 17.5% KCl, estimated indicated
Upper Carnallitite mineral resources of 289.8 million tonnes of 17.2% KCl and
estimated inferred Upper Carnallitite mineral resources of 175.5 million tonnes
of 16.5% KCl; estimated measured Lower Carnallitite mineral resources of 235.0
million tonnes of 9.7%KCl, estimated indicated Lower Carnallitite mineral
resources of 322.2 million tonnes of 8.9% KCl and estimated inferred Lower
Carnallitite mineral resources of 369.3 million tonnes grading 7.7% KCl. The
foregoing mineral resource estimates are as at April 17, 2013. For more
information with respect to the data verification procedures undertaken and the
key assumptions, parameters and risks associated with the foregoing estimates,
refer to Allana's Technical Report entitled "Resource Update for the Danakhil
Potash Deposit, Danakhil Depression, Afar State, Ethiopia" dated effective April
17, 2013 filed under the Company's SEDAR profile at www.sedar.com on August 7,
2013.Allana has approximately 325.2 million common shares outstanding. Allana
trades on the Toronto Stock Exchange under the symbol "AAA". For more
information, please visit the Company's website at www.allanpotash.com.


Dr. Peter J. MacLean, Ph.D., P. Geo., Allana's Senior VP Exploration, is the
Company's designated Qualified Person and has reviewed and approved the
technical information presented in this release.


Forward-Looking Statement 

Except for statements of historical fact relating to the Company, certain
information contained herein constitutes "forward-looking information" under
Canadian securities legislation. Generally, forward-looking information can be
identified by the use of forward-looking terminology such as "plans", "expects"
or "does not expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or "believes",
or variations of such words and phrases or statements that certain actions,
events or results "may", "could", "would", "might" or "will be taken", "occur"
or "be achieved". Statements with respect to mineral resource estimates,
production timelines adthe effect and timing of the fertilizer program and
blending plant construction are forward-looking statements. Forward-looking
statements are based on the opinions, assumptions estimates of management as of
the date such statements are made and they are subject to known and unknown
risks, uncertainties and other factors that may cause the actual results, level
of activity, performance or achievements of the Company to be materially
different from those expressed or implied by such forward-looking statements or
forward-looking information. Such risks include the uncertainty with respect to
the development and financing of the project on the timeline set out or at all,
finally the fact that the expected benefits of the strategic alliance may not
materialize, the inherent capital markets consequences of an equity controlling
position, regulatory risks and such other risks as discussed in the risk factors
sections of our latest annual information form, our technical reports and other
continuous disclosure documents filed from time to time at www.sedar.com.
Although management of the Company has attempted to identify important factors
that could cause actual results to differ materially from those contained in
forward-looking statements or forward-looking information, there may be other
factors that cause results not to be as anticipated, estimated or intended.
There can be no assurance that such statements will prove to be accurate, as
actual results and future events could differ materially from those anticipated
in such statements. Accordingly, readers should not place undue reliance on
forward-looking statements and forward-looking information. The Company does not
undertake to update any forward-looking statements or forward-looking
information that are incorporated by reference herein, except in accordance with
applicable securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Allana Potash Corp.
Richard A. Kelertas
Senior Vice President, Corporate Development
514 717 6256
rkelertas@allanapotash.com