Ethiopian Potash Listed on the OTCQX

TORONTO, ONTARIO--(Marketwire - June 20, 2011) - Ethiopian Potash Corp. ("EPC" or the "Company") (TSX VENTURE:FED)(TSX VENTURE:FED.WT)(OTCQX:ETPHF), a company focused on the development of its 481 sq km potash asset, in the Danakil depression of Ethiopia, is pleased to announce it has begun trading on the OTC market's highest tier, OTCQX under the symbol "ETPHF". Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcqx.com and www.otcmarkets.com.

Soloway Group LLP will assist as EPC's Principal American Liaison on OTCQX, responsible for providing guidance on OTCQX requirements.

About OTCQX

The OTCQX marketplace is the premier tier of the U.S. Over-the-Counter market. Investor-focused companies use the quality controlled OTCQX listing platform to offer investors transparent trading, superior information, and easy access through their regulated U.S. broker-dealers. The innovative OTCQX platform offers companies and their shareholders a level of marketplace services formerly available only on a U.S. exchange. For more about OTCQX, visit www.otcqx.com.

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.

The Danakil Depression in northern Ethiopia contains one of the largest undeveloped potash resources in the world. This resource is significant because it is a relatively flat lying and occurs close to surface in comparison to the potash deposits in Saskatchewan which occur at depths greater than one kilometre. EPC has two contiguous development concessions cover 481 sq km in the heart of the Danakil Depression.

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.