GSP Gensource Potash Corporation

Gensource Potash Corporation ("Gensource" or the "Company") (TSX VENTURE:GSP)
announces a non-brokered private placement of units ("Units") at a price of
$0.05 per Unit and flow-through units ("FT Units") at a price of $0.08 per FT
Unit, for aggregate gross proceeds of up to $1,500,000.00 (the "Offering").


Each Unit will consist of one (1) common share and one (1) common share purchase
warrant ("Warrant"). Each whole Warrant will entitle the holder to acquire an
additional common share at a price of $0.05 for a period of twenty-four (24)
months.


Each FT Unit will consist of one (1) common share to be issued on a
"flow-through" basis. 


The proceeds from the sale of FT Units will be used for exploration purposes.
The net proceeds from the sale of Units will be used for exploration and general
working capital purposes.


All securities issued in conjunction with the Offering will be subject to a
four-month statutory hold period in Canada. The Company may pay finder's fees to
certain finders consisting of a cash commission equal to up to 6% of the gross
proceeds of the Offering.


This offering closed on December 31, 2013 with proceeds of $208,397.00 raised. 

Completion of the Offering is subject to approval of the TSX Venture Exchange.

At this time, Gensource announces that G. Michael Newman and Conor S. Bill have
resigned their positions as Directors of the Board effective December 30, 2013.
Mr. Newman states, "We continue to have confidence in Mike Ferguson, President
and CEO of Gensource and his team's abilities to weather the current turbulence
in potash markets, and for Gensource to emerge as a significant player in
Canada's and Saskatchewan's potash industry."  


Mike Ferguson, President and CEO commented "On behalf of the Board of Directors,
as President and CEO, I would like to thank Michael and Conor for their
dedicated efforts on behalf of the company. Both individuals were part of the
former Augen Capital organization and have provided their oversight and
experience to the group as the company has transitioned to one focussed
exclusively on potash development. This has been a significant change in a short
period of time that has required focussed efforts on behalf of everyone in the
company. We very much appreciate Michael's and Conor's leadership and wish them
well in their future endeavours."


In the interim, the board of directors has appointed Mike Ferguson, President
and CEO to the position of Chair of the Board, with immediate effect.


About Gensource

Gensource is based in Saskatoon, Saskatchewan and is focused on developing the
next potash production facility in that province. Gensource's President and CEO,
Mike Ferguson P.Eng., has assembled a management and technical team with direct
and specific expertise and experience in potash development in Saskatchewan. 


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.


Caution Regarding Forward-Looking Statements

Certain disclosure in this release, including management's assessment of the
Company's business model and access to potash customers, constitutes
"forward-looking information" under Canadian securities laws. Forward-looking
information is based on the opinions, estimates and assumptions of management as
of the date disclosure is made and is subject to known and unknown risks,
uncertainties and other factors that may cause the actual results to be
materially different from those expressed or implied by such forward-looking
information. Accordingly, readers should not place undue reliance on
forward-looking information. Gensource does not undertake to update any
forward-looking information that is set out in this release, except in
accordance with applicable securities laws.


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

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