TORONTO, ONTARIO -- (Marketwire) -- 02/14/12 -- Ethiopian Potash Corp. (TSX VENTURE: FED)(TSX VENTURE: FED.WT) ("EPC" or the "Company") wishes to clarify an unauthorized press release issued February 13th (yesterday) by a former employee of the Company.
EPC has been made aware that a former employee of EPC has issued a press release naming the Company and announcing his resignation to the public. This press release issued over Canada Newswire was widely disseminated to investors, given the unauthorized use of EPC's name in the subject line.
The Company wishes to confirm the employee's resignation as a non-material event regarding a non-senior employee and, further, is puzzled by the unauthorized use of EPC's name on his behalf. The Company confirms that all claims and licenses continue to be in good standing, and that the Company continues with its successful drilling campaign, and will release results to the public as soon as they become available.
EPC is aware that the press release itself as well as its content may have caused confusion amongst its investors and is investigating how an unauthorized non-material press release was issued and widely distributed without the consent of the Company.
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. Ethiopian Potash controls 481 sq km of shallow mineralization potash development concessions in the fairway of the Danakil Depression, Ethiopia. The Company has an existing 128 mil tonne resource at 21% potash and is intent on aggressively fast-tracking its properties to production.
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.
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