IC Potash Corp announces core results on successful completion of Phase I
drill program

TORONTO, Feb. 10 /CNW/ - IC Potash Corp. ("ICP" or the "Company") (TSXV: ICP) announced today positive results for the Phase I Ochoa Potash drill program in New Mexico. As expected from geophysics logs, excellent quality polyhalite, averaging 5.6 feet in thickness and 80% in grade, was found between thin anhydrite layers, all located within the salt bed of the Rustler formation of the Permian Delaware basin in New Mexico.

"The positive results of this drill program confirm the mineralization of the deposit in terms of expected depth, grade and thickness. With these results, and detailed analysis of all data, the Phase II drill program should begin during April. The Phase II program will include the further delineation of the resource. In conjunction with the pre-feasibility study, Phase II data will also provide information required to determine optimal mine location and processing methods," said Sidney Himmel, President and CEO of IC Potash Corp.

As expected from the Company's exploration model, good quality polyhalite is found between thin anhydrite layers within the salt bed of the Rustler formation which is located in the Permian Delaware basin of South West New Mexico. Samples recovered from the polyhalite target horizon have been assayed and are now being readied for further bench-scale metallurgical and process testing. This testing will focus on determining the most effective extraction technologies.

The Phase II program will include the acquisition of a bulk sample of polyhalite ore for additional production process optimization. It is intended that the bulk sampling be obtained by horizontal coring. The Company has acquired the services of Donald Felton B.Sc. Chem. Eng. and James Waters MET, MBA, PE , each of Carlsbad, New Mexico, to assist in the determination of the optimal method of producing Sulfate of Potash ("SOP") from Polyhalite. ICP is developing its Ochoa New Mexico property with the primary purpose of using polyhalite as feedstock to produce SOP , the premium priced potash sold in world markets. Both Mr. Felton and Mr. Waters are highly experienced potash ore processing professionals with over 60 combined years experience in the industry.

Grade, based on X-ray diffraction, is given below. For further information concerning the Ochoa Project, please refer to the technical report dated August 19, 2009 entitled "Polyhalite Resources and a Preliminary Economic Assessment of the Ochoa Project, Lea County, Southeast New Mexico" available on SEDAR at www.sedar.com. All scientific and technical disclosure in this press release has been prepared under the supervision of ICP Chief Geologist, Marc Melker CPG, and has been verified by him. Marc Melker CPG is a Qualified Person within the meaning of National Instrument 43-101.

    
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                       Summary of Phase I Core Analysis
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                                                                 XRD grade %
        Hole          From (ft)      To (ft)     Thickness (ft)  Polyhalite
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        IPC1           1394.7        1400.7            6             85
    -------------------------------------------------------------------------
        IPC2          1523.85        1529.1         5.25             81
    -------------------------------------------------------------------------
        IPC3           1554.2        1559.2            5             79
    -------------------------------------------------------------------------
        IPC4           964.53        969.88         5.35             70
    -------------------------------------------------------------------------
        IPC5           992.14        998.42         6.28             86
    -------------------------------------------------------------------------
        IPC6          1483.52        1489.2         5.68             76
    -------------------------------------------------------------------------
        Phase I program average:                    5.59             80
    -------------------------------------------------------------------------
    

National Instrument 43-101 compliant QA/QC measures are being employed in the field and laboratories to ensure defensibility of the data through a validation process using blanks, standards and replicates. Core splits are carefully preserved against moisture degradation and placed in secure, temperature controlled storage area to enable any future confirmation audits of the core. Reference samples are collected and photographed of all rock units encountered during drilling for future observations. Select chip samples from core are procured for density measurements and thin section microscopy and Scanning Electron Microprobe (SEM) validation.

About Intercontinental Potash Corp

ICP is developing its Ochoa New Mexico property with the primary purpose of using polyhalite as feedstock to produce Sulphate of Potash. Sulphate of Potash, "SOP" or Potassium Sulphate, is premium priced potash. The market for SOP is approximately 4 million tonnes per year. SOP is used as a significant alternative fertilizer to sylvite (Muriate of Potash or MOP) for agricultural products such as fruits, vegetables, tobacco, potatoes, and horticultural plants. SOP has low "salinity" compared to MOP, and therefore is also used in various saline soils in the world, which are found for example in China, India, the Mediterranean, and the United States. Polyhalite may also be developed as a slow release multi-nutrient fertilizer which contains the plant macronutrients Potassium, Sulphate, Magnesium and Calcium.

ICP's Ochoa property consists of federal sub-surface potassium permits granted by the Bureau of Land Management ("BLM") covering more than 36,500 acres of land. All reclamation plans, environmental plans, and archeological work have been approved by BLM. The Company is currently conducting a Phase I drill program, which commenced in November, described in the press release of Trigon Uranium Corp., December 8, 2009, and which is available at www.intercontinentalpoash.com. ICP carries out all activities through its wholly owned subsidiary, Intercontinental Potash Corp.

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.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

SOURCE IC Potash Corp.

For further information: For further information: www.intercontinentalpotash.com or contact: Investor Relations, Joanna Longo, Vice President, The Equicom Group, (416) 815-0700 ext. 233, jlongo@equicomgroup.com

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