Allana Potash Corp. Announces Election of Directors

TORONTO, ONTARIO–(Marketwired – Jan. 16, 2014) – 
Allana Potash Corp. 
(TSX:AAA)(OTCQX:ALLRF)(“Allana” or the “Company”) Announces that
the nominees listed in the management proxy circular for the 2014 Annual
Meeting of Shareholders were elected as directors of Allana. Detailed results
of the vote for the election of directors held at the meeting on January
16, 2014 in Toronto, Ontario are set out below.

Further to the Company’s press release on December 16, 2013 and following
today’s shareholder meeting, Ms. Betty-Ann Heggie has joined Allana’s board
of directors.

Betty-Ann Heggie is the former Senior Vice-President, Corporate Relations
of PotashCorp of Saskatchewan. She retired in 2007 after 26 years with
the company. During her tenure with PotashCorp, Ms. Heggie was responsible
for all areas that affected the company’s public presence, especially relations
with shareholders and key stakeholders. She advised the board on corporate
governance issues and initiated the corporate sustainability program. Under
her leadership, PotashCorp received the Award of Excellence from the Canadian
Institute of Chartered Accountants in three consecutive years. Ms. Heggie
has served as a director of the Canadian Chamber of Commerce, where she
chaired both the International Strategic Advisory committee and the audit
committee. She was also a member of the board of the Saskatoon Regional
Economic Development Authority Inc., the Canadian Wheat Board and MITACS,
a Network of Centres of Excellence for the mathematical sciences. Ms. Heggie
was the founding chair of the Saskatchewan Chapter of the Institute of
Corporate Directors. Ms. Heggie is a graduate of the University of Saskatchewan
and the Senior Executive Program, Columbia Business School in New York.

Shareholders also approved the amendment to the Company’s by-laws to require
advance notice in circumstances where nominations of persons for election
to the board of directors are made by shareholders.

About Allana Potash Corp.

Allana is a publicly traded corporation with a focus on the acquisition
and development of potash assets internationally with its major focus on
a previously explored potash property in Ethiopia. Allana has secured financial
support from two significant strategic investors: IFC, a member of World
Bank Group, and Liberty Metals and Mining, a member of Liberty Mutual Group.
Allana has estimated measured and indicated Sylvinite mineral resources
of 327.4 million tonnes of 28.3% KCl; and an estimated inferred Sylvinite
mineral resource of 90.8 million tonnes grading 27.8% KCl, In addition,
the Danakhil Project hosts estimated measured and indicated Kainitite mineral
resources of 1,150.5 million tonnes at 19.4% KCl, an estimated inferred
Kainitite mineral resource of 481.8 million tonnes of 19.8% KCl; estimated
measured and indicated Upper Carnallitite mineral resources of 411.3 million
tonnes grading 17.3% KCl, estimated inferred Upper Carnallitite mineral
resources of 175.5 million tonnes of 16.5% KCl; estimated measured and
indicated Lower Carnallitite mineral resources of 557.2 million tonnes
of 9.2% KCl, and estimated inferred Lower Carnallitite mineral resources
of 369.3 million tonnes grading 7.7% KCl. The foregoing mineral resource
estimates are as at April 17, 2013. For more information with respect to
the data verification procedures undertaken and the key assumptions, parameters
and risks associated with the foregoing estimates, refer to Allana’s Technical
Report entitled “Resource Update for the Danakhil Potash Deposit, Danakhil
Depression, Afar State, Ethiopia” dated effective April 17, 2013 filed
under the Company’s SEDAR profile at 
www.sedar.com on August 7, 2013. Allana has approximately 270.9 million
shares outstanding. Allana trades on the Toronto Stock Exchange under the
symbol “AAA”.

Dr. Peter J. MacLean, Ph.D., P.Geo., Allana’s Senior VP Exploration, is
the Company’s designated Qualified Person and has reviewed and approved
the technical information presented in this release.

Forward-Looking Statement

Except for statements of historical fact relating to the Company, certain
information contained herein constitutes “forward-looking information”
under Canadian securities legislation. Generally, forward-looking information
can be identified by the use of forward-looking terminology such as “plans”,
“expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”,
“forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”,
or variations of such words and phrases or statements that certain actions,
events or results “may”, “could”, “would”, “might” or “will be taken”,
“occur” or “be achieved”. Forward-looking statements are based on the opinions
and estimates of management as of the date such statements are made and
they are subject to known and unknown risks, uncertainties and other factors
that may cause the actual results, level of activity, performance or achievements
of the Company to be materially different from those expressed or implied
by such forward-looking statements or forward-looking information. Although
management of the Company has attempted to identify important factors that
could cause actual results to differ materially from those contained in
forward-looking statements or forward-looking information, there may be
other factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will prove to
be accurate, as actual results and future events could differ materially
from those anticipated in such statements. Accordingly, readers should
not place undue reliance on forward-looking statements and forward-looking
information. The Company does not undertake to update any forward-looking
statements or forward-looking information that are incorporated by reference
herein, except in accordance with applicable securities laws.

Allana Potash Corp.

Richard Kelertas

Senior Vice President, Corporate Development

514 717 6256

rkelertas@allanapotash.com