Mr. Mike Ferguson reports

GENSOURCE POTASH ANNOUNCES EXTENSION TO THE MATURITY DATE OF CONVERTIBLE DEBENTURES

Gensource Potash Corp. has extended the maturity date of each of the 5 per cent convertible debentures of the company issued on Oct. 19, 2021, in the principal amount of $2-million, from June 30, 2025, to June 30, 2026. All other terms remain the same.

Certain directors, former directors and officers of the company are holders of the debentures (holding a total of $1,995,000 principal amount of debentures). The debenture amendments are deemed to be related-party transactions as defined under Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The company is exempt from the formal valuation and minority approval requirements for related-party transactions pursuant to Subsection 5.5(a) and Subsection 5.7(a) of MI 61-101, respectively.

The debenture amendments remain subject to receipt of all necessary regulatory approvals, including the final approval of the TSX Venture Exchange.

About Gensource Potash Corp.

Gensource is a fertilizer development company based in Saskatoon, Sask., 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 presold 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.

We seek Safe Harbor.