Gensource Announces Results of Annual and Special Meeting

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SASKATOON, Saskatchewan — Gensource Potash Company (“Gensource” or the “Firm”) (TSX-V: GSP) is happy to announce the outcomes of its annual normal and particular assembly (the “AGSM”) of shareholders held on June 18, 2021. On the assembly, the Gensource shareholders:

Elected Alton Anderson, Stephen Dyer, Michael Ferguson, Michael Mueller, Amy O’Shea and Calvin Redlick to the Board of Administrators;
Re-appointed MNP LLP, Chartered Accountants as auditor of the Firm and licensed the Board of Administrators to repair the auditor’s remuneration;
Re-approved the Firm’s inventory choice plan and
Accredited an modification to the articles of the Firm to incorporate necessities to reveal sure share possession pursuits as additional detailed within the info round despatched to shareholders in reference to the assembly.

Holders of 186,129,255 shares (representing simply over 45% of the excellent shares of the Firm) had been “current” or had been represented by proxy on the digital web-based AGSM.

Following the AGSM, Gensource held a Board of Administrators assembly and re-appointed officers of the corporate as follows: Michael Ferguson was re-appointed as President and Chief Govt Officer; Alton Anderson was re-appointed as Chief Monetary Officer, Robert Theoret was re-appointed as Vice-President Finance & Enterprise Improvement and Deborah Morsky was re-appointed as Vice-President Company Companies and Company Secretary.

“We’re so happy with the distinctive turnout of voters by proxy and in-person for this yr’s AGSM,” commented Mike Ferguson, President & CEO. “We’ve got an extremely devoted group of shareholders within the firm – individuals and establishments who’ve a transparent view of the worth proposition that Gensource presents in addition to an understanding of the hassle required to realize our objectives. We thank all our shareholders for his or her on-going and enthusiastic help.”

In the event you missed the assembly, please click on on the next hyperlink to seek out the total recording of the AGSM. – https://gensourcepotash.ca/wp-content/uploads/2021/07/Gensource-Meeting-Recording.mp4.

About Gensource

Gensource is a fertilizer improvement firm based mostly in Saskatoon, Saskatchewan and is on observe to turn into the following fertilizer manufacturing firm in that province. With a small scale and environmentally main method to potash manufacturing, Gensource believes its technical and enterprise mannequin would be the way forward for the business. Gensource operates below a marketing strategy that has two key parts: (1) vertical integration with the market to make sure that all manufacturing capability constructed is directed, and pre-sold, to a particular market, eliminating market-side threat; and (2) technical innovation which can permit for a small and financial potash manufacturing facility, that demonstrates environmental management throughout the business, producing no salt tailings, subsequently eliminating decommissioning threat, and requiring no floor brine ponds, thereby eradicating the one largest and unfavourable environmental facet of potash mining.

Neither the TSX Enterprise Trade nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts duty for the adequacy or accuracy of this launch.

Warning Relating to Ahead-Trying Statements

This information launch could include ahead wanting info and Gensource cautions readers that forward- wanting info relies on sure assumptions and threat elements that would trigger precise outcomes to vary materially from the expectations of Gensource included on this information launch. This information launch consists of sure “forward-looking statements”, which regularly, however not at all times, may be recognized by way of phrases akin to “believes”, “anticipates”, “expects”, “estimates”, “could”, “may”, “would”, “will”, or “plan”. These statements are based mostly on info at the moment out there to Gensource and Gensource gives no assurance that precise outcomes will meet administration’s expectations.

Ahead wanting statements embrace estimates and statements with respect to Gensource’s future plans, targets or objectives, to the impact that Gensource or administration expects a said situation or end result to happen, together with the Firm changing into a producing potash firm. Since forward-looking statements are based mostly on assumptions and handle future occasions and circumstances, by their very nature they contain inherent dangers and uncertainties. Precise outcomes referring to the Firm’s plans to turn into a potash producer may differ materially from these at the moment anticipated in such statements for a lot of causes akin to: failure to finance the Firm’s tasks on phrases that are financial or in any respect; failure to settle a definitive three way partnership settlement with a celebration and advance and finance the undertaking; modifications normally financial circumstances and circumstances within the monetary markets; the flexibility to seek out and supply off-take agreements; modifications in demand and costs for potash; litigation, legislative, environmental and different judicial, regulatory, political and aggressive developments; technological and operational difficulties encountered in reference to Gensource’s actions; an incapacity to foretell and counteract the consequences of COVID-19 on the enterprise of Gensource, together with however not restricted to the consequences of COVID-19 on the value of commodities, capital market circumstances, restriction on labour and worldwide journey and provide chains, failure to acquire required regulatory approvals; and different issues mentioned on this information launch and in filings made with securities regulators. This listing shouldn’t be exhaustive of the elements which will have an effect on any of Gensource’s forward-looking statements. These and different elements ought to be thought of rigorously, and readers shouldn’t place undue reliance on Gensource’s forward-looking statements. Gensource doesn’t undertake to replace any forward-looking assertion that could be made occasionally by Gensource or on its behalf, besides in accordance with relevant securities legal guidelines.