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Gensource Potash Corp
Symbol GSP
Shares Issued 139,816,784
Close 2015-09-17 C$ 0.065
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Gensource Potash appoints Stauffer to board

2015-09-21 18:21 ET - News Release

Mr. Mike Ferguson reports

GENSOURCE WELCOMES DR. MARK STAUFFER AS A DIRECTOR - ANOTHER STEP IN BUILDING ITS POTASH-FOCUSED BOARD OF DIRECTORS

Dr. Mark Stauffer will join the board of directors of Gensource Potash Corp., effective Oct. 1, 2015.

Dr. Stauffer is a very well-known name in the potash and phosphate fertilizer industry. He attended the University of Guelph, where he received his diploma in agriculture in 1963, his BSc (agriculture) in 1967 and his MSc in 1969, followed by a PhD in agronomy in 1973 from Virginia Polytechnic Institute & State University (Virginia Tech). His career includes work in Canada and the United States in market development, education, research, and chemical manufacturing and sales.

Following work terms with Agriculture & Agri-Foods Canada, International Harvester, CP Inorganics and CIBA-Geigy (now Novartis), Dr. Stauffer joined the Potash & Phosphate Institute (PPI)/Potash & Phosphate Institute of Canada (PPIC) in 1988, becoming president of PPIC in 1994. Throughout his time with PPI/PPIC, Dr. Stauffer focused, both in Canada and internationally, on balanced fertilization principles, the maximum-yield research philosophy, and why and how the fertilizer industry can establish maximum-economic-yield field demonstrations to inform farmers of their yield and income opportunity.

From 2006 to 2013, Dr. Stauffer served as a director of Migao Corp., a China-based specialty potash producer that trades on the Toronto Stock Exchange. Additionally, from 2010 to June, 2015, Dr. Stauffer served as a director and chairman of the board of Allana Potash Corp.

Mike Ferguson, Gensource's chairman of the board and president and chief executive officer, commented: "We are so pleased to have an individual of Mark's qualifications, experience, integrity and character join us to help us achieve our goals at Gensource. With his unparalleled knowledge and expertise in the fertilizers industry and experience in public company governance, we know Mark will add new dimensions and capability to our board of directors. We see this as another very positive step in the development of our very unique business model and we welcome Mark to the company."

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