IC POTASH ISSUES RECAP OF 2012 OCHOA POLYHALITE PROJECT IN SOUTHEASTERN NEW MEXICO CEO Sidney Himmel Comments on 2012 Accomplishments and Anticipated Milestones for 2013

TORONTO - (Marketwire) - January 2, 2013 - Sidney Himmel, President and CEO of IC Potash Corp.("ICP" or the "Company") (TSX: ICP; OTCQX: ICPTF), today issued a formal recap of the advancement of its Ochoa Polyhalite Project in Lea County, New Mexico; and commented on key milestones expected to be achieved in the coming year. Himmel stated:

"Aristotle said, 'It concerns us to know the purposes we seek in life; for then, like archers aiming at a definite mark, we shall be more likely to attain what we want.' At IC Potash, 'purpose' inspires our actions, motivates us to attain peak performance in every area of our operations, informs our decisions on a daily basis, and empowers us to attain our goals.
"While we are committed to the successful optimization of the commercial potential of our high-quality, low-cost Polyhalite assets in southeastern New Mexico - creating hundreds of new jobs in the process - our true purpose is to build an enduring world class industrial minerals company with a mission to nurture the crops that feed the world. We are confident that by remaining focused on this mission, we will prevail in executing our long-range growth strategies, significantly increasing value for our shareholders and providing personal and career growth opportunities for our trusted employees and business partners.
"As ICP's CEO, I am exceptionally proud of our purpose-driven, innovative and hardworking company; the 100+ talented and dedicated professionals who comprise our team; and the strategic insights we have developed over the past four-plus years as we've worked to successfully de-risk our first industrial minerals project. Moreover, I am profoundly enthusiastic about the promising future that lies ahead for IC Potash and, more specifically, the important milestones we remain on track to achieve in the coming year.

REFLECTIONS ON THE PAST YEAR

"Without question, 2012 has proven to be a very exciting year for our Company during which time we accomplished several mission-critical operational goals and objectives. We have materially advanced development of our Ochoa Polyhalite Project and notably enhanced ICP's prospect of future leadership in the global market for superior-quality, high-performance specialty Potash products.

Successful Completion of Prefeasibility Study on Ochoa Polyhalite Project

"We began the year by announcing the noteworthy results of our Prefeasibility Study, a technical report dated December
30, 2011, entitled NI 43-101 Technical Report Prefeasibility Study for the Ochoa Project Lea County, New Mexico, which was prepared for ICP by Gustavson Associates, LLC of Colorado, a leading global mining consulting firm consisting of geologists and engineers.
"Project Highlights from the Prefeasibility Study included: