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IC Potash Files Prefeasability Study for the Ochoa Sulphate of Potash Project

IC Potash Corp. (ICP.TO) has filed on SEDAR a technical report dated December 30, 2011, entitled NI 43-101 Technical Report Prefeasibility Study for the Ochoa Project Lea County, New Mexico. The technical report was prepared for ICP by Gustavson Associates, LLC of Colorado, a leading global mining consulting firm consisting of geologists and engineers.

The report includes a detailed analysis of the Ochoa project, including geology and mineralization, exploration and drilling, resources and reserves, mining methods, mineral processing and metallurgical testing, infrastructure, hydrology, environmental permitting, marketing, capital costs, operating costs, and project economics. Based on these and other detailed sections of the report, Gustavson has concluded that the results of this study warrant continued efforts to advance the Ochoa Project, and that the data and information presented justify further definition drilling, metallurgical testing, continued development and permitting, and preparation of a Feasibility Study.

Mr. Sidney Himmel, CEO of IC Potash, said the completion and filing of the pre-feasibility, and the recommendations of Gustavson, provide the company with a high level of confidence that it has a world class project with immense commercial potential.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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