Alton Anderson Joins Gensource Potash as Chief Fiscal Officer

Alton Anderson Joins Gensource Potash as Chief Economic Officer

Gensource Potash Company (“Gensource” or the “Company”) (TSX-V:GSP), a fertilizer development corporation centered on sustainable potash output, is happy to announce that Alton Anderson, CPA, CA, has joined the business as of January 1, 2021. About the next 3 months, Mr. Anderson will transition into the function of Chief Money Officer, formally using on that situation April 1, 2021.

“We are thrilled to welcome Alton to the crew,” stated Mike Ferguson, President and CEO. “Alton, with his immediate working experience in the potash market, is a potent addition to the Organization. He brings a wide variety of monetary administration skills as nicely as venture and company administration acumen to Gensource. His achievements and qualifications in finance and small business operations attained more than his 30-calendar year profession in the fertilizer industry will be exceptionally advantageous as we keep on to create the enterprise and put into practice processes and techniques for venture execution and prolonged-phrase operations.”

Present-day Main Financial Officer and co-founder Rob Theoret will believe the purpose of VP Company Finance and Small business Advancement. With the Tugaske Job progressing in direction of monetary near, primary to construction, this new position will let Mr. Theoret to carry on to emphasis on Gensource’s company approach of building additional projects and discovering extra business enterprise options in the fertilizer sector.

Mr. Anderson is a seasoned finance executive with above 30 years’ working experience in the fertilizer marketplace including 22 yrs at PotashCorp and Nutrien. He has immediate knowledge throughout the complete offer chain, which will provide him properly as CFO at Gensource. Mr. Anderson has led groups in finance, supply chain administration, transportation, procurement, functions, gross sales & promoting, and company transformation. He is a Chartered Specialist Accountant (CPA, CA) with a Bachelor of Commerce degree from the University of Saskatchewan.

“I am thrilled to be part of Gensource at this pivotal time with the Tugaske Challenge well underway,” explained Mr Anderson. “I truly feel that Gensource’s ground breaking method to potash output has the prospective to make beneficial and sustainable variations throughout the total sector.”

About Gensource

Gensource Potash is a fertilizer development business based in Saskatoon, Saskatchewan and is on observe to develop into the next fertilizer creation business in that province. With a little scale and environmentally primary method to potash generation, Gensource thinks its technical and enterprise design will be the upcoming of the industry. Gensource operates beneath a small business approach that has two vital parts: (1) vertical integration with the industry to assure that all manufacturing capability created is directed, and pre-sold, to a unique market, reducing industry-side danger and (2) complex innovation which will allow for a tiny and economic potash output facility, that demonstrates environmental leadership in the business, producing no salt tailings, therefore doing away with decommissioning hazard, and demanding no area brine ponds, thereby eliminating the solitary biggest destructive environmental affect of regular potash mining.

Neither TSX Venture Exchange nor its Regulation Expert services Service provider (as that term is defined in the insurance policies of the TSX Enterprise Exchange) accepts obligation for the adequacy or precision of this launch.

Warning About Forward-Wanting Statements

This information release may well contain forward searching information and facts and Gensource cautions readers that ahead- searching details is based mostly on certain assumptions and chance factors that could bring about genuine benefits to differ materially from the anticipations of Gensource provided in this news release. This news release includes specific “ahead-searching statements”, which normally, but not often, can be recognized by the use of words such as “thinks”, “anticipates”, “expects”, “estimates”, “may perhaps”, “could”, “would”, “will”, or “plan”. These statements are based mostly on information and facts at this time offered to Gensource and Gensource presents no assurance that precise benefits will meet up with management’s anticipations. Forward seeking statements contain estimates and statements with respect to Gensource’s long run designs, aims or objectives, to the result that Gensource or management expects a stated ailment or outcome to manifest, such as the capability to finance the Tugaske Task or other assignments, the establishment of vertical integration partnerships and the sourcing of finish use potash purchasers. Considering the fact that forward-seeking statements are based on assumptions and deal with upcoming gatherings and disorders, by their pretty nature they entail inherent pitfalls and uncertainties. Actual benefits relating to Gensource’s economical problem and prospective customers, the skill to finance the Tugaske Undertaking or other jobs on conditions which are economic or at all, the means to create feasible vertical integration partnerships and the sourcing of conclusion use potash purchasers could differ materially from individuals presently predicted in these types of statements for lots of causes these types of as: failure to finance the Tugaske Task or other jobs on phrases which are financial or at all failure to settle a definitive joint enterprise arrangement with a celebration and advance and finance the project changes in basic financial ailments and situations in the financial markets the capacity to find and source off-just take agreements variations in demand and rates for potash litigation, legislative, environmental and other judicial, regulatory, political and aggressive developments technological and operational difficulties encountered in connection with Gensource’s routines an lack of ability to forecast and counteract the results of COVID-19 on the business of Gensource, together with but not limited to the outcomes of COVID-19 on the value of commodities, funds market place situations, restriction on labour and international travel and offer chains and other issues talked about in this news launch and in filings designed with securities regulators. This listing is not exhaustive of the things that may possibly impact any of Gensource’s forward-wanting statements. These and other factors must be regarded meticulously, and readers must not put undue reliance on Gensource’s ahead-hunting statements. Gensource does not undertake to update any ahead-wanting assertion that could be made from time to time by Gensource or on its behalf, besides in accordance with relevant securities legislation.