Gensource Potash Announces Principal Negotiation

Content of the article

Not for distribution to U.S. news services or circulation in the United States

SASKATOON, Saskatchewan and LONDON — Gensource Potash Corporation (“Gensource” or the “Company”) (TSXV: GSP, AIM: GSP) announces that Stephen Dyer, non-executive director, acquired 375,000 common shares on June 9e2022 at C$0.27 per common share.

Accordingly, Stephen Dyer’s aggregate beneficial interest in the Company is 375,000 common shares, which represents less than 0.01% of the issued share capital of the Company.

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Content of the article

1

Contact details of the person discharging managerial responsibilities/person closely associated

a)

Last name

Stephen Dyer

2

Reason for notification

a)

Function/status

Non-executive director

b)

Initial Notification/Amendment

Initial notification

3

Contact details of issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Last name

Gensource potash company

b)

LEI

213800WAVVOPS85N2205

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each location where transactions were conducted

a)

Description of the financial instrument, type of instrument

Common stock of Gensource Potash Corp

Identification code

ISIN: CA37252X1042

b)

Nature of the operation

The acquisition of ordinary shares without par value each of the Company

vs)

Price(s) and volume(s)

Price

$0.27

Volume

375,000

D)

Aggregated information

– Aggregated volume

– Price

As above

e)

Transaction date

June 9e2022

F)

Place of transaction

TSX-V Stock Exchange

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This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014 as it forms part of UK national law under the Withdrawal Act 2018 European Union (as amended).

More information about Gensource Potash Corporation is available at www.gensourcepotash.ca
Follow us on twitter @GensourcePotash

About Gensource

Gensource is a fertilizer development company based in Saskatoon, Saskatchewan, and is poised to become the next fertilizer production company in this province. With a modular and eco-friendly 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 elements: (1) vertical integration with the market to ensure that all built production capacity is directed and pre-sold to a specific market, thereby eliminating market-side risk; and (2) a technical innovation that will enable a modular, cost-effective potash production facility that demonstrates environmental leadership within the industry, producing no salt tailings, eliminating the risk of decommissioning, and requiring no pond. of surface brine, thus eliminating the single biggest and negative environmental aspect of potash mining.

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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 contains 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”, “would” or “plan”. These statements are based on information currently available to Gensource, and Gensource does not guarantee that actual results will meet management’s expectations.

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Forward-looking statements include estimates and statements regarding Gensource’s future plans, objectives or goals, that Gensource or management expects a stated condition or result to occur, including any offer of titles by Gensource. Because forward-looking statements are based on assumptions and address future events and conditions, they, by their very nature, involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated in such statements for a number of reasons, including: failure to finance the Tugaske Project or other projects on economic terms or at all; failure to enter into a definitive joint venture agreement with any party and to advance and finance the Tugaske Project; changes in general economic and financial market conditions; the ability to source and find off-take agreements; changes in potash demand and prices; litigation, legislative, environmental and other legal, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with Gensource’s activities; an inability to predict and thwart 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; failure to obtain required regulatory approvals; and other matters discussed in this press release and in filings with securities regulators. This list is not exhaustive of factors that could 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 or on behalf of Gensource, except in accordance with applicable securities laws.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220612005028/en/

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contacts

Gensource potash company
Mike Ferguson – President and CEO
+1-306-974-6414

Strand Hanson Limited (appointed and financial adviser)
Ritchie Balmer/Rory Murphy/Charles Hammond
+44 (0) 20 7409 3494

Peel Hunt LLP (broker)
Ross Allister/David McKeown/Georgia Langoulant
+44 (0) 20 7418 8900

Camarco (financial PR)
Gordon Poole/Charlotte Hollinshead/Lily Pettifar
+44 (0) 20 3757 4997

For all press enquiries, please contact us at [email protected]

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Joan J. Holland