Intrepid Potash Reports Q1 Potash Production of 230,000 to 240,000 Tons

Intrepid Potash, Inc. IPI announced today preliminary sales and production results for the first quarter 2011. On an unaudited basis, during the first quarter of 2011, Intrepid estimates that it produced between 230,000 and 240,000 tons of potash and sold between 190,000 and 200,000 tons of potash. Potash production during the first quarter includes the seasonal production from the harvest of our Moab solar evaporation ponds. Intrepid estimates its average net realized sales price for potash during the quarter was approximately $435 – $445 per ton. Intrepid estimates that it produced approximately 25,000 – 35,000 tons of Trio® and sold approximately 45,000 – 55,000 tons of Trio®, with approximately half the sales being standard sized product. Intrepid estimates that its average net realized sales price for Trio® during the quarter was approximately $195 – $205 per ton.