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Intrepid Potash Inc. Declares Special Dividend



2012-12-04 22:06:58 -


DENVER; December 4, 2012 - Intrepid Potash Inc. (Intrepid) (NYSE:IPI) today
announced that its board of directors has declared a special cash dividend on
its common stock of $0.75 per share.  The dividend is payable on December
27, 2012, to all stockholders of record at the close of business on December
17, 2012.

"This special dividend underscores the significant progress we have made on our
major capital investment projects and the continuing strength of our balance
sheet," stated Bob Jornayvaz, Intrepid's Executive Chairman of the Board.
 "Our
board's decision to pay the dividend in 2012 also considered the uncertainty
surrounding future personal income tax rates on qualified dividends.  We have
built our balance sheet and capital structure in a strong and flexible manner in
order to continue investing in our business and to provide value to our
stockholders."

As the largest producer of potash in the U.S., Intrepid is dedicated to the
production and marketing of potash and Trio(®), a product produced from
langbeinite ore.  Intrepid owns five active potash production facilities - three
in New Mexico and two in Utah.  The HB Solar Solution mine, which is currently
under construction, will increase the number of our active potash production
facilities to six.

* * * * * * * * * * *

This document contains forward-looking statements - that is, statements about
future, not past, events.  The forward-looking statements in this document often
relate to our future performance and management's expectations for the future,
including statements about our financial outlook.  These statements are based on
assumptions that we believe are reasonable.  Forward-looking statements by their
nature address matters that are uncertain.  For us, the particular uncertainties
that could cause our actual results to be materially different from our forward-
looking statements include the following:
* changes in the price, demand, or supply of potash or Trio(®)/langbeinite
* circumstances that disrupt or limit our production, including operational
difficulties or operational variances due to geological or geotechnical
variances
* interruptions in rail or truck transportation services, or fluctuations in
the costs of these services
* increased labor costs or difficulties in hiring and retaining qualified
employees and contractors, including workers with mining, mineral
processing, or construction expertise
* the costs of, and our ability to successfully construct, commission and
execute, our strategic projects, including the development of our HB Solar
Solution mine, the further development of our langbeinite recovery and
granulation assets, and our North granulation plant
* adverse weather events, including events affecting precipitation and
evaporation rates at our solar solution mines
* changes in the prices of raw materials, including chemicals, natural gas,
and power
* the impact of federal, state, or local government regulations, including
environmental and mining regulations, the enforcement of those regulations,
and government policy changes
* our ability to obtain any necessary government permits relating to the
construction and operation of assets
* changes in our reserve estimates
* competition in the fertilizer industry
* declines in U.S. or world agricultural production
* declines in the use of potash products by oil and gas companies in their
drilling operations
* changes in economic conditions
* our ability to comply with covenants in our debt-related agreements to avoid
a default under those agreements
* disruption in the credit markets
* our ability to secure additional federal and state potash leases to expand
our existing mining operations
* the other risks and uncertainties described in our periodic filings with the
U.S. Securities and Exchange Commission

All information in this document speaks as of December 4, 2012.  New information
or events after that date may cause our forward-looking statements in this
document to change.  We have no duty to update or revise publicly any forward-
looking statements to conform the statements to actual results or to reflect new
information or future events.

Contact:  Intrepid Potash Inc.
David Honeyfield
Phone:  303-296-3006




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Source: Intrepid Potash Inc via Thomson Reuters ONE
[HUG#1662576]


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