Dr. George Poling reports

IC POTASH REACHES AGREEMENT WITH RCF REGARDING SLATE OF DIRECTOR NOMINEES

IC Potash Corp. (ICP) has reached an agreement with Resource Capital Fund V LP, one of ICP's major shareholders, with respect to the previously announced notice received from RCF regarding RCF's intention to nominate representatives to the board of directors of the company. RCF has withdrawn the director nominations it submitted to the company, and RCF and management have each agreed to support a single slate of directors.

Management intends to nominate, and recommend to shareholders, the following eight individuals for election as directors at its annual and special meeting of shareholders to be held on June 30, 2015: John Stubbs, Joao Paulo Simoes Carrelo, Leiv Mikael Erdal, Dr. George Poling, Pierre Pettigrew, Anthony Grey, Ernest Angelo and Knute Lee.

Sidney Himmel, president and chief executive officer of the company, and Kay Randall Foote, chief operating officer, will not stand for re-election at the meeting.

In addition, within 12 months of the meeting, ICP has agreed that Dr. Poling will step down as chairman of the board and that the board will appoint a new independent chairperson. The board will also seek to appoint another independent director within four months of the meeting, at which time one of Pierre Pettigrew, Anthony Grey, Ernest Angelo or Knute Lee will resign from the board.

In order to facilitate a smooth transition, Mr. Himmel will move on from his position of president and chief executive officer of ICP on or before June 30, 2016. Thereafter, he may enter into a consulting agreement with the company on terms to be negotiated.

Mr. Himmel stated: "The company is transitioning from its roots as an exploration and early-development-stage company to a project construction and fertilizer company. The company therefore now requires leaders with proven experience in the fertilizer development industry and construction management, mining operations, and project finance. With the retention of Dr. Patrick Okita, Graham Wheelock, and Kevin Burford (see press release of May 8, 2015), ICP has the expertise to take the Ochoa project into production and to bring potassium sulphate to a worldwide market. During my remaining time with ICP, I will enthusiastically support these leaders and the board of directors."

Dr. Poling stated: "I look forward to continuing to work with Mr. Himmel as the president and chief executive officer of the company and our board towards developing the Ochoa project. In my opinion, the Ochoa project has the ability to become, upon completion, a world-class mine and processing facility."

Mr. Foote stated, "In my continuing role as chief operating officer, I look forward to continuing to support the board and the company, and am looking forward to the job creation the Ochoa project will bring to the region."

Detailed biographies of the director nominees can be found in the company's management information circular dated June 6, 2015.

We seek Safe Harbor.