Gensource Potash Corporation ('Gensource' or the 'Company') (AIM/TSXV: GSP), a fertilizer development company focused on sustainable potash production, is pleased to announce a proposed best efforts, non-brokered private placement for gross proceeds of up to $800,000.00 (the 'Offering').

The Offering will consist of: (i) up to 5,333,333 units of the Company ('Unit') at a price of $0.15 per Unit for gross proceeds of up to $800,000. Each Unit shall consist of one common share in the capital stock of the Company (a 'Common Share') and one Common Share purchase warrant of the Company (a 'Warrant'). Each Warrant will be exercisable for one Common Share (a 'Warrant Share') at an exercise price of $0.30 per Warrant Share for a period of 24 months following the date of issuance.

The Company intends to use the net proceeds from the sale of the Units to advance the Company's Tugaske Project and general working capital. The Offering will take place by way of a private placement to qualified investors in such provinces of Canada as the Company may designate, and otherwise in those jurisdictions where the Offering can lawfully be made. The securities to be issued pursuant to the Offering will be subject to a statutory four month and one day hold period from the date of issuance. The offering is subject to the satisfaction of certain conditions, including receipt of all applicable regulatory approvals, including that of the TSX Venture Exchange.

Contact:

Tel: +1-306-974-6414

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