Intrepid Potash, Inc. Announces Preliminary Fourth Quarter Sales

Intrepid Potash, Inc. IPI announced today preliminary sales and production results for the fourth quarter 2010 and provided an update on its capital investment program. On an unaudited basis, during the fourth quarter of 2010, Intrepid estimates that it produced between 215,000 and 225,000 tons of potash and sold between 210,000 and 220,000 tons of potash. Potash production during the fourth 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 $380 – $390 per ton. Intrepid estimates that it produced approximately 25,000 – 35,000 tons of Trio® as it came out of the planned East plant maintenance turnaround in October, and sold approximately 20,000 – 30,000 tons of Trio. Intrepid estimates that its average net realized sales price for Trio® during the quarter was approximately $215 – $225 per ton. Intrepid expects to release its audited, fourth quarter 2010 and fiscal year end 2010 financial results after market close on Wednesday, February 23, 2011.