First Potash Corporation announced the termination of two consulting agreements, one with Jordan Advisor Group and the other with Zone Capital Partners, LLC. The company's agreement with Jordan Advisor Group focused on corporate finance advisory services and began in July, 2012. The company's agreement with Zone Capital Partners focused on finance and market consulting and began in November, 2011.

First Potash Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended November 30, 2012. For the quarter, the company reported net profit of CAD 20,062 compared to net loss of CAD 445,291 or CAD 0.009 basic and diluted loss per share for the corresponding period last year. Loss before other items was CAD 126,403 against CAD 565,530 of prior year period. For the nine months, the company reported net loss of CAD 489,525 or CAD 0.009 basic and diluted loss per share against net loss of CAD 1,074,939 or CAD 0.025 basic and diluted loss per share for the comparable period last year. Loss before other items was CAD 738,167 against CAD 1,288,267 of prior year period. Cash used in operating activities was CAD 364,403 against CAD 972,279 for the same period last year.

First Potash Corp. announced that it has entered into a Letter of Intent for a $2.5 million Earn-In and Joint Venture agreement with Minex Ventures VII to develop one of the company's 10 brine salar properties, at the Salar de Pedernales in Chile's Atacama Region III. To earn an undivided 45% interest in the company's wholly-owned Salar de Pedernales potassium and lithium brines project, Minex must provide funding for Property expenditures totaling at least $2.5 million within two years of the date of the approval of the Agreement by the TSX Venture Exchange. Minimum expenditures of $900,000 are anticipated to be funded by Minex during the first calendar year after the Effective Date.