GSP Gensource Potash Corporation

Gensource Capital Corporation ("Gensource" or the "Company") (TSX VENTURE:GSP)
is pleased to announce the appointment of Mike Ferguson as Chief Executive
Officer of Gensource. Alan Cruickshank will continue in his role as President
and director of Gensource.


"On behalf of the board of directors, I am pleased to welcome Mike to the
position of CEO. Mike has a proven track record of successful potash project
development and excellent management skills. He is a great asset to our
company," said Alan Cruickshank, President of Gensource.


Mike Ferguson, CEO, commented: "The announcement following the June 10th Annual
General and Special Meeting of shareholders of Gensource marks a major milestone
for the Company. It is, first, a signal for the completion of the previous
business purpose of the Company as a merchant bank, having now successfully
closed out the business dealings of previous subsidiary companies. Secondly, it
marks the beginning of a new phase of business focused in the potash industry
and on driving promising projects through to production. With a newly focused
board of directors, a management team uniquely qualified for project development
in Saskatchewan, and a clear and forward-looking strategy towards potash
production, the Company is poised for significant growth and success. I am proud
to be part of such a team in this exciting phase of change in the global potash
industry."


Mike Ferguson is a professional engineer with over 25 years experience in potash
and uranium mining projects in Saskatchewan. Mike graduated from the University
of Saskatchewan with a B.Sc. in Mechanical Engineering. Following a few years
spent with the Canadian Military, Mike settled back in Saskatoon and has spent
his entire mining career in Saskatchewan participating in projects in potash,
uranium, gold and base metals. His experience ranges from working at the mining
face behind a Marietta Miner in a potash operations, to in-plant engineering
(both surface plant and underground), engineering management, project management
through to general management of engineering and EPCM companies. Most recently,
Mike successfully led the Potash One project team responsible for the
development of the Legacy Project in Southern Saskatchewan from initial
exploration through scoping-, pre-feasibility- and feasibility studies and an
approved EIS, to the point where it was acquired by the international potash
producer K+S Group of Germany. Mike brings to Gensource not only his experience
in the potash industry but also the unique experience of leading the development
of a greenfield potash property in Saskatchewan - the first such project to be
developed in over 40 years.


About Gensource

Gensource Capital Corporation is based in Saskatoon, Saskatchewan and is focused
on developing resource opportunities with a specific focus on potash
development. The Company's primary project is its wholly-owned subsidiary,
Gensource Potash Corporation, also based in Saskatoon Saskatchewan. Gensource
Potash Corporation is led by Mike Ferguson P.Eng., President and CEO. Mr.
Ferguson has assembled a world class management team with direct and specific
interest in potash development.


Neither 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Gensource Capital Corporation
Mike Ferguson
CEO
(306) 974-6414
mike@gensource.ca

Gensource Potash (TSXV:GSP)
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Gensource Potash (TSXV:GSP)
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From Jan 2024 to Jan 2025