Ethiopian Potash Corp. announces renewal of Danakil license

TORONTO, ONTARIO–(Marketwire – Dec. 19, 2012) – Ethiopian Potash Corp. (the “Company” or “EPC“) (TSX VENTURE:FED) is pleased to announce the renewal of Danakil mineral exploration licence 3137-3150/2000 (the “Danakil Permit“) obtained by G and B Central African Resources Ltd. (“G&B“) from the Ministry of Mines and Energy of the Federal Democratic Republic of Ethiopia for the period up to and including August 21, 2013. Pursuant to an option agreement between EPC, G&B and the shareholders of G&B, EPC has the right to acquire 100% of G&B subject to the fulfilment of certain conditions as set forth therein.