Last updated on April 24, 2014 at 14:25 EDT

IC Potash Corp. Appoints Ms. Terre Lane as Senior VP of Engineering and Project Management

December 20, 2011

TORONTO, Dec. 20, 2011 /PRNewswire/ – IC Potash Corp. (“ICP” or the “Company”) (TSX: ICP) (OTCQX: ICPTF) is pleased to announce the appointment of Ms. Terre Lane as Senior VP
of Engineering and Project Management. Ms. Lane will be responsible for
the execution of the bankable feasibility study for the Company’s
100%-owned Sulphate of Potash (“SOP”) Ochoa Project (the “Project”) in
southeast New Mexico. Ms. Lane is a highly recognized mining engineer
with 28 years of mining engineering experience. Ms. Lane has played
lead roles in nine bankable feasibility studies and 35 pre-feasibility
studies. During her career, she has been involved with the
establishment of over 30 fully operational mines.

Mr. Sidney Himmel, CEO of ICP, commented: “We are delighted to have
Terre Lane join us as the senior mining engineer for the Ochoa
project.  She is an established mine builder with proven technical and
managerial capabilities.  Ms. Lane will play an integral role in
leading the execution of the Ochoa Project’s bankable feasibility
study.  On behalf of the ICP staff and the Board of Directors, I
personally welcome Ms. Lane to our team.”

Ms. Lane has significant experience leading technical teams in mine
development and construction, including surface and underground mining,
mineral processing, and logistics. Her previous experience includes
leading the bankable feasibility study for the Lisheen lead/zinc
project for Minorco, a mine of similar scale to the one planned for the
Ochoa Project, with a capital cost of over $500 million. Prior to
joining ICP, Ms. Lane was a senior mining engineer with Gustavson
Associates, LLC, a global mining consulting firm consisting of
geologists and mining engineers. In this capacity, Ms. Lane was
responsible for managing multiple teams and projects. Ms. Lane holds a
Bachelor of Science in Mining Engineering from Michigan Technological
University and is an MMSA Qualified Person.

About IC Potash Corp.:

ICP intends to become a primary producer of Sulphate of Potash (“SOP”)
and Sulphate of Potash Magnesia (“SOPM”) by mining its 100%-owned
Polyhalite Ochoa property in New Mexico, a highly advanced mineral
deposit containing proven and probable reserves of more than 400
million tons of ore within the proposed mine plan. SOP is a
non-chloride based potash fertilizer that sells at a substantial
premium over the price of regular potash known as Muriate of Potash
(“MOP”).  MOP contains chloride and is therefore not the optimal potash
for numerous crops and in situations where there is high soil
salinity.  ICP is focused on becoming the lowest cost producer of SOP
in the world. The SOP market is towards six million tonnes per year. 
SOP is a significant fertilizer in the fruit, vegetable, tobacco,
potato, and horticultural industries.  SOP is also applicable in soils
where there is substantial agricultural activity with varieties of
crops and therefore where the salinity of the soil has increased, and
in areas where soils are dry. SOPM is a highly desirable potash product
for soils with magnesium deficiency, including those found in Europe
and Southeast Asia and has a total global market size of over one
million tonnes. ICP’s Ochoa property consists of over 100,000 acres of
federal subsurface potassium prospecting permits and State of
New Mexico Potassium mining leases.

Forward-Looking Statements

Certain information set forth in this news release may contain
forward-looking statements that involve substantial known and unknown
risks and uncertainties. These forward-looking statements are subject
to numerous risks and uncertainties, certain of which are beyond the
control of ICP, including, but not limited to, risks associated with
mineral exploration and mining activities, the impact of general
economic conditions, industry conditions, dependence upon regulatory
approvals, and the uncertainty of obtaining additional financing.
Readers are cautioned that the assumptions used in the preparation of
such information, although considered reasonable at the time of
preparation, may prove to be imprecise and, as such, undue reliance
should not be placed on forward-looking statements.

SOURCE IC Potash Corp.

Source: PR Newswire