Gensource provides notification on the publication of an updated Schedule 1 announcement regarding its AIM list.

SASKATOON, Saskatchewan, November 02, 2021– (BUSINESS WIRE) – Gensource Potash Corporation (“Gensource” or the “Company”) (TSX.V: GSP), a fertilizer development company focused on the sustainable production of potash, informs that, with reference to Company press releases dated May 6, 2021, in which it disclosed its intention to apply for listing of its ordinary shares on the AIM market of the London Stock Exchange plc (“AIM”), and its press release of 22 October 2021 in which it notified the publication of an AIM Schedule 1 Announcement, it is pleased to report that the London Stock Exchange today released an updated Schedule 1 announcement , in accordance with AIM Rule 2.

The updated Schedule 1 announcement provides minor updates to some figures due to the passage of time and confirms the date of admission of the ordinary shares to trading on AIM from “early November 2021” at 08:00 GMT Friday November 5e, 2021.

Further information will be communicated by the Company.

About Gensource

Gensource Potash is a fertilizer development company based in Saskatoon, Saskatchewan, and is on its way to becoming the next fertilizer production company in that province. With a small-scale, green approach to potash production, Gensource believes its technical and business model will be the future of the industry. Gensource operates according to a business plan which has two key elements: (1) vertical integration with the market to ensure that all production capacity built is directed, and pre-sold, to a specific market, eliminating the risk on the market side; and (2) technical innovation that will allow a small and economical potash production facility, which demonstrates environmental leadership within the industry, producing no salt residue, thus eliminating the risk of decommissioning and requiring no surface brine pond, thus eliminating the environmental aspect the most important and negative of potash extraction.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution Regarding Forward-Looking Statements

This press release may contain forward-looking information and Gensource cautions readers that forward-looking information is based on certain assumptions and risk factors that could cause actual results to differ materially from Gensource’s expectations included in this press release. This press release includes certain “forward-looking statements” which can often, but not always, be identified by the use of words such as “believes”, “expects”, “expects”, “believes”, “may “,” “Could”, “would”, “fly” or “plan.” These statements are based on information currently available to Gensource and Gensource provides no assurance that actual results will meet management’s expectations. Forward-looking statements include estimates and statements regarding Gensource’s future plans, objectives or goals that Gensource or management expects a condition or stated result to occur, including the ability to fund the project Tugaske or other projects, establishing vertical integration partnerships and finding final potash buyers. As forward-looking statements are based on assumptions and deal with events. future conditions and conditions, by their very nature, involve inherent risks and uncertainties. Actual results relating to Gensource’s financial condition and prospects, the ability to fund the Tugaske project or other projects on economic terms or not at all, the ability to establish viable vertical integration partnerships and research of end-use potash buyers could differ materially from those currently anticipated in these statements for many reasons such as: the inability to fund the Tugaske Project or other projects on economic terms or not at all; failure to enter into a definitive joint venture agreement with one party and to advance and finance the project; changes in general economic and financial market conditions; the ability to find and source direct debit agreements; changes in demand and prices for potash; litigation, legislative, environmental and other legal, regulatory, political and competitive developments; technological and operational difficulties encountered in the context of Gensource’s activities; an inability to predict and counteract the effects of COVID-19 on Gensource’s business, including, but not limited to, the effects of COVID-19 on commodity prices, capital market conditions, restrictions on labor and international travel and supply chains; and other matters discussed in this press release and in documents filed with securities regulatory authorities. This list is not exhaustive of the factors that may affect Gensource’s forward-looking statements. These and other factors should be carefully considered and readers should not place undue reliance on Gensource’s forward-looking statements. Gensource does not undertake to update any forward-looking statements that may be made from time to time by Gensource or on its behalf, except in accordance with applicable securities laws.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211102005504/en/

Contacts

Gensource Potash Company:

Mike Ferguson, President and CEO
Telephone: (306) 974-6414
Email: [email protected]


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Margie D. Carlisle