Ethiopian Potash Appoints New Director

TORONTO, ONTARIO--(Marketwire - Feb. 28, 2012) - Ethiopian Potash Corp. (the "Company" or "EPC") (TSX VENTURE:FED)(TSX VENTURE:FED.WT) is pleased to announce the appointment of Binh Vu as a director of the Company, effective February 27, 2012.

The Company also announces the resignation of Sanjay Joshi from the board of directors (the "Board"), effective February 27, 2012. The Company thanks Mr. Joshi for his service to EPC since listing.

Commenting on the Board changes, President & CEO and Director of the Company, David Wahl said, "Now that the company is operationally moving through its development milestones, Sanjay Joshi is stepping aside to allow for individuals with Africa and resource experience to join the board of EPC. Binh Vu, who has worked in Africa and Europe for various resource companies will fill his place on the board and be a true asset to the company at this stage of its maturity".

Binh Vu is a lawyer practising in the area of corporate finance and securities law. He was a previously a partner at Aird & Berlis LLP where he advised resource and energy based clients in respect of equity and debt financings, mergers and acquisitions, divestitures and corporate restructurings.

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

David Wahl, President and CEO

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 are forward-looking information. Forward-looking information is based upon assumptions by management that are subject to known and unknown risks and uncertainties beyond the Company's control. There can be no assurance that outcomes anticipated in the forward-looking information will occur and actual results may differ materially for a variety of reasons. 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.