Gensource Publicizes Train of Inventory Choices

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SASKATOON, Saskatchewan & LONDON — Gensource Potash Company (“Gensource” or the “Firm”) (AIM/TSXV: GSP), a fertilizer growth firm centered on sustainable potash manufacturing, publicizes immediately that sure consultants of the Firm have exercised beforehand issued inventory choices of the Firm (“Choices”) for widespread shares of the Firm (“Widespread Shares”).

500,000 Choices had been exercised at a value of $0.18 per Widespread Share and 100,000 Choices had been exercised at a value of $0.17 per Widespread Share for mixture proceeds of $107,000. Accordingly, in mixture, 600,000 new Widespread Shares have been issued.

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Admission to Buying and selling on AIM

An software will probably be made for the admission (the “Admission”) of the 600,000 new Widespread Shares, which can rank pari passu with present Widespread Shares, to buying and selling on the AIM Market of the London Inventory Change plc (“AIM”). It’s anticipated that the Admission will develop into efficient, and buying and selling will start at 8.00 am on February 18, 2022.

Following Admission, the Firm’s whole issued share capital will include 421,088,995 Widespread Shares of no par worth. For the needs of the UK’s Monetary Conduct Authority’s Disclosure Steering and Transparency Guidelines, the overall variety of voting rights within the Firm will probably be 421,088,995. This determine could also be utilized by shareholders because the denominator for the calculations by which they decide if they’re required to inform their curiosity in, or a change of their curiosity in, the Firm below the UK’s Monetary Conduct Authority’s Disclosure Steering and Transparency Guidelines.

Additional data on Gensource Potash Company could be discovered at www.gensourcepotash.ca.
Observe us on Twitter @GensourcePotash

About Gensource

Gensource is a fertilizer growth firm based mostly in Saskatoon, Saskatchewan and is on monitor to develop into the following fertilizer manufacturing firm in that province. With a modular 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 elements: (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 inside the business by utilizing considerably much less water per tonne in comparison with standard resolution mining operations, producing no salt tailings, subsequently eliminating decommissioning threat, and requiring no floor brine ponds, thereby eradicating the only largest unfavourable environmental influence of potash mining.

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

Warning Relating to Ahead-Wanting Statements

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This information launch might include forward-looking data and Gensource cautions readers that forward- wanting data relies on sure assumptions and threat components 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 frequently, however not all the time, could be recognized by means of phrases similar to “believes”, “anticipates”, “expects”, “estimates”, “might”, “may”, “would”, “will”, or “plan”. These statements are based mostly on data presently accessible to Gensource and Gensource offers no assurance that precise outcomes will meet administration’s expectations.

Ahead-looking statements embody estimates and statements with respect to Gensource’s future plans, aims or targets, to the impact that Gensource or administration expects a said situation or outcome to happen, together with the AIM itemizing, the proposed financing of the Tugaske Challenge and the event of the Tugaske Challenge and different tasks by Gensource. Since forward-looking statements are based mostly on assumptions and tackle future occasions and situations, by their very nature they contain inherent dangers and uncertainties. Precise outcomes regarding the success of the Tugaske Challenge and the financing of the Tugaske Challenge may differ materially from these presently anticipated in such statements for a lot of causes similar to: failure to finance the Tugaske Challenge or different 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 Tugaske Challenge; modifications usually financial situations and situations within the monetary markets; the power 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 incapability 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 situations, 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 is just not exhaustive of the components which will have an effect on any of Gensource’s forward-looking statements. These and different components must be thought-about rigorously, and readers mustn’t place undue reliance on Gensource’s forward-looking statements. Gensource doesn’t undertake to replace any forward-looking assertion which may be made now and again by Gensource or on its behalf, besides in accordance with relevant securities legal guidelines.

View supply model on businesswire.com: https://www.businesswire.com/information/residence/20220213005016/en/

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Contacts

Gensource Potash Company
Mike Ferguson – President & CEO
+1-306-974-6414

Strand Hanson Restricted (Nominated & Monetary Adviser)
Ritchie Balmer / Rory Murphy / Charles Hammond
+44 (0) 20 7409 3494

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

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

For any press enquiries
gensource@camarco.co.uk

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