Gensource Potash Announces Shareholder Meeting Results and Amendments to its Articles

Gensource Potash Corporation ('Gensource' or the 'Company') (TSXV: GSP, AIM: GSP) is pleased to announce the results of its annual general and special meeting of shareholders held on June 28, 2023 (the 'Meeting').

At the Meeting, Gensource's shareholders: Re-elected Alton Anderson, Michael Ferguson, Stephen Dyer, Wayne Brownlee, Amy O'Shea and Calvin Redlick to the Board of Directors; Re-appointed MNP, LLP, Chartered Accountants, as auditor of the Company; Re-approved the Company's amended and restated stock option plan and Approved the amendments to the articles of the Company, in accordance with Section 14- 3(1) of The Business Corporations Act, 2021 (Saskatchewan), to authorize the directors of the Company to appoint one or more directors between meetings of shareholders, which directors shall hold office for a term expiring not later than the close of the next annual meeting of shareholders following the appointment, provided that the total number of directors so appointed may not exceed one-third of the number of directors elected at the previous annual meeting of shareholders (the 'Amended Articles').

Holders of 196,983,078 common shares of the Company (representing 44.895 % of the outstanding shares of the Company) were represented by proxy or voted online at the Meeting.

Following the Meeting, Gensource held a meeting of the board of directors of the Company and re-appointed the board chair and the officers of the Company as follows: Board Chair - Stephen Dyer

President & CEO - Michael Ferguson

Chief Financial Officer - Alton Anderson

Vice-President Finance & Business Development - Robert Theoret

Vice-President Corporate Services and Corporate Secretary - Deborah Morsky

Gensource will file the Amended Articles as soon as possible. Once filed, a copy of the

Amended Articles will be filed on the Company's SEDAR profile at www.sedar.com.

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.

Contact:

Tel: [phone].

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 the actual results will meet management's expectations.

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