AgriMinco Corp ETPHF

Ethiopian Potash Corp.: Amendment to Original Opti

[mmac588]

Any one could help to explain below news?

TORONTO, ONTARIO--(Marketwire - Oct 1, 2012) - Further to its news release dated July 11, 2012, Ethiopian Potash Corp. ("EPC") (TSX VENTURE:FED) announces that the amending agreement dated July 10, 2012 (the "Amending Agreement") to the option agreement (the "Original Option Agreement") to acquire G&B Central African Resources Ltd. ("G&B"), the owner of the property in the Danakil Basin, Ethiopia, has expired as a result of conditions precedent to the amendments contemplated in the Amending Agreement not having been satisfied or waived on or before September 30, 2012.

As a result, the Original Option Agreement (and the terms contemplated therein) remain in full force and effect, and accordingly EPC retains its interest to acquire 100% of G&B subject to the fulfilment of certain conditions as set forth therein. A copy of the Original Option Agreement is available at www.sedar.com under the Company''s profile.

EPC continues to review and evaluate all options in connection with EPC''s development in order to increase shareholder value.

About Ethiopian Potash Corp.

Ethiopian Potash Corp. (TSX VENTURE:FED) is a Canadian company based in Toronto, Ontario and Addis Ababa, Ethiopia.

On behalf of the Board of Directors

George Roach, CEO & Director

[masterbrain]

BLINDBAT we need you here

[BlindBat_1]

Take a look at the MD&A for Q3 - 2012. Page 15 under Subsequent event. Mainly addresses this issue sort of speak. Back on Juy 11, 2012 - there was a new proposed Agreement as it pertains to buying out G&B - and such was in isuing more share to G&B and less Cash , and in the end FED would be the onwer of the Property title to explore. This new agreement was conditional on a lot of