Gensource Potash Corporation ('Gensource' or the 'Company') (AIM/TSXV: GSP), a fertilizer development company focused on sustainable potash production, today announced that it has mailed an information circular and related meeting materials in connection with the upcoming annual and special meeting of the shareholders of the Company ('Shareholders') to be held on June 28, 2023 at 9:00 a.m. (Saskatchewan Time) (the 'Meeting').

At the Meeting, Shareholders will be asked to consider, among other items of business, a special resolution approving articles of amendment of the Company (the 'Amended Articles').

The Amended Articles amend the existing articles of the Company by authorizing 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 this 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 'Board Authorization'). The Company may identify an individual who could make a valuable contribution to the Company as a director in between annual meetings of the Shareholders. The adoption of the Board Authorization would permit the Company to capitalize on opportunities to invite individuals to take the position of director without first creating a vacancy by requiring a current director to resign. By adopting the Board Authorization, it will be possible to more quickly take advantage of opportunities to augment the board of directors of the Company. At the same time, given the limitation on the number of directors who can be added between meetings and the expiry of the term of such directors at the next annual meeting, the Shareholders maintain their control over the composition of the board of directors of the Company. Management recommends that the Shareholders vote for the special resolution which authorizes and approves the Amended Articles. The Amended Articles will only be effective if passed by a special resolution of Shareholders holding at least 66% of the common shares of the Company present in person or by proxy at the Meeting and entitled to vote at the Meeting. The TSX Venture Exchange has conditionally approved the Amended Articles. The Amended Articles remain subject to the final approval of the TSX Venture Exchange.

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: +1-306-974-6414

Caution Regarding Forward-Looking Statements

For further information on Gensource Potash, please contact: Gensource Potash Corporation Mike Ferguson - President & CEO +1-306-974-6414 Strand Hanson Limited (Nominated & Financial Adviser) +44 (0) 20 7409 3494 Ritchie Balmer / Rory Murphy / Charles Hammond Peel Hunt LLP (Broker) +44 (0) 20 7418 8900 Ross Allister / David McKeown / Georgia Langoulant For any press enquiries please contact Gensource at 306-974-6414.

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