Gensource Potash Announces Cancellation of Admission of Common Shares From AIM

Gensource Potash Announces Cancellation of Admission of Common Shares

From AIM

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN

THE UNITED STATES

SASKATOON, Saskatchewan & LONDON--(BUSINESS WIRE)--July 1, 2024--Gensource

Potash Corporation (“Gensource” or the “Company”) (TSXV: GSP) announces today that, in

accordance with the Rules of the Alternative Investment Market of the London Stock Exchange

(“AIM”), the admission of the Company’s common shares to trading on the AIM has been

cancelled. Cancellation is effective immediately and shareholders will now be able to trade their

common shares exclusively on the TSX Venture Exchange.

The Company has issued no stock on the AIM Market, however it will arrange for further

information to be provided to shareholders and brokers, as applicable, with respect to common

shares that are currently held with Computershare Trust Company in the United Kingdom.

About Gensource

Gensource is a fertilizer development company based in Saskatoon, Saskatchewan and is on

track to become the next fertilizer production company in that province. With a modular and

environmentally leading approach to potash production, Gensource believes its technical and

business model will be the future of the industry. Gensource operates under a business plan that

has two key components: (1) vertical integration with the market to ensure that all production

capacity built is directed, and pre-sold, to a specific market, eliminating market-side risk; and (2)

technical innovation which will allow for a modular and economic potash production facility,

that demonstrates environmental leadership within the industry, producing no salt tailings,

therefore eliminating decommissioning risk, and requiring no surface brine ponds, thereby

removing the single largest and negative environmental aspect of potash mining.

Further information on Gensource Potash Corporation can be found at www.gensourcepotash.ca

Follow us on twitter @GensourcePotash

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 news 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 the expectations of Gensource included in this news

release. This news release includes certain “forward-looking statements”, which often, but not

always, can be identified by the use of words such as “believes”, “anticipates”, “expects”,

“estimates”, “may”, “could”, “would”, “will”, 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 with respect to Gensource’s future

plans, objectives or goals, to the effect that Gensource or management expects a stated condition

or result to occur, including any offering of securities by Gensource. Since forward-looking

statements are based on assumptions and address future events and conditions, by their very

nature they involve inherent risks and uncertainties. Actual results could differ materially from

those currently anticipated in such statements for many reasons such as: failure to finance the

Tugaske Project or other projects on terms which are economic or at all; failure to settle a

definitive joint venture agreement with a party and advance and finance the Tugaske Project;

changes in general economic conditions and conditions in the financial markets; the ability to

find and source off-take agreements; changes in demand and prices for potash; litigation,

legislative, environmental and other judicial, regulatory, political and competitive developments;

technological and operational difficulties encountered in connection with Gensource’s activities;

an inability to predict and counteract the effects of COVID-19 on the business of Gensource,

including but not limited to the effects of COVID-19 on the price of commodities, capital market

conditions, restriction on labour and international travel and supply chains, failure to obtain

required regulatory approvals; and other matters discussed in this news release and in filings

made with securities regulators. This list is not exhaustive of the factors that may affect any of

Gensource’s forward-looking statements. These and other factors should be considered carefully,

and readers should not place undue reliance on Gensource’s forward-looking statements.

Gensource does not undertake to update any forward- looking statement that may be made from

time to time by Gensource or on its behalf, except in accordance with applicable securities laws.

Contacts

For further information on Gensource Potash, please contact:

Gensource Potash Corporation

Mike Ferguson – President & CEO

+1-306-974-6414

Peel Hunt LLP (Broker)

Ross Allister / David McKeown / Georgia Langoulant

+44 (0) 20 7418 8900

For any press enquiries please contact Gensource at 306-974-6414.