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Gensource Announces Engagement Agreement for U.S. Agriculture Market Assessment and Joint Venture Project Financing

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Gensource Potash Corporation ("Gensource" or the "Company")
(TSX.V: GSP) is pleased to announce that it has entered into an
engagement letter ("Engagement") with a team of Industrial Alliance
Securities Inc. ("IA") and its syndication partner, US-based Heritage
Capital Group ("Heritage"). Heritage is the Agriculture Practice Leader
within the Oaklins Group, a close association of industry professionals
spanning North America and the globe.

The IA/Heritage team will act as the Company's agent to lead an
initiative to engage a US-based market partner for one of Gensource's
small scale potash facilities and subsequently assemble the full
financing package for the project.

The Engagement brings together a highly experienced and capable team
consisting of Gensource as the project developer and IA/Heritage as the
connection to the market partner as well as the group capable of
assembling the required financing: the three key components for moving a
project to production.

IA/Heritage brings a direct and intimate knowledge of the U.S.
agriculture market and will make connections between Gensource and
specifically targeted, highly qualified and credit-worthy potential
market partners operating in the agriculture industry, predominantly
within the US corn belt. Subsequently, the team will act, on a best
efforts basis, to complete the full financing for a project that will
serve the identified market partner.

Gensource's business model is based on small size and vertical
integration. To-date, the Company has completed a feasibility study on
its small scale selective solution mining technologies in Saskatchewan,
which has confirmed excellent economics and low risk for such a project
(see news release dated 31May2017, and the NI 43-101 Feasibility Study
filed on www.SEDAR.com).
Gensource has already engaged market partners to form joint ventures to
implement a project and will continue to work with others to create
additional joint ventures and therefore additional dedicated projects.
The initiative announced today is, in every way, aligned with
Gensource's intent to have several of its small-scale projects in place,
each owned and operated under an independent joint venture, each
supplying product directly to its intended market.

The Engagement is a strategic and focused move into the US market with
Gensource's business model. The US potash market is large and shipping
costs from Saskatchewan are much lower compared to overseas markets,
making the US farmer a great candidate to benefit from direct access to
a vital crop input at a controlled price.

Gensource President & CEO, Mike Ferguson, said "We are excited to begin
our targeted move into the US market with our vertical integration
business plan. While we are technically a "mining company" – we must
mine to obtain the potash product – we see ourselves as an "agricultural
input company". The world of potash production has historically had
barriers to entry high enough to stop the natural vertical integration,
or supply chain control, that is the normal evolution of business,
particularly agricultural businesses. We have broken down those barriers
and can now offer the opportunity of vertical integration, or input cost
control, to agricultural producers. We look forward to offering this
opportunity to the business savvy US farmer, and we are pleased to
engage IA/Heritage who have the connections and track record to help
bring this opportunity to fruition."

About Industrial Alliance Securities Inc

Industrial Alliance Securities Inc. is a wholly owned subsidiary of
Industrial Alliance Insurance and Financial Services Inc. Founded in
1892, IA Financial Group celebrates its 125th anniversary this year. It
is one of the four largest life and health insurance companies
in Canada with over $132 billion of assets under management and is among
the largest publicly-traded companies in the country. IA Financial Group
stock is listed on the Toronto Stock Exchange under the ticker
symbol IAG. More information is available at https://ia.ca/about-us

About Heritage Capital/Oaklins Agriculture

Heritage Capital Group is an independent investment banking and
financial advisory firm serving middle-market and emerging growth
companies in the U.S. and worldwide. For more than 40 years, Herita ge
has provided objective advice to private companies in the areas of
mergers, acquisitions and divestitures; business valuations; debt and
equity capital raises; corporate restructurings; and financial and
strategic advisory services focused on enhancing the value of business
enterprises. Heritage Capital Group is a FINRA registered broker-dealer,
and leads the Global Agricultural practice of Oaklins, the world's
leading mid-market advisor. Oaklins has closed 1,500 deals in the past 5
years across the globe. To ensure the best results they always involve
industry specialists, take a global view and leverage deep local
connections spanning 63 offices in 40 countries. More information is
available at www.heritagecapitalgroup.com and www.oaklins.com.

About Gensource

Gensource is based in Saskatoon, Saskatchewan and is focused on
developing the next potash production facility in that province.
Gensource's President and CEO, Mike Ferguson, P.Eng., has assembled a
management and technical team with direct and specific expertise and
experience in potash development in Saskatchewan.

Gensource operates under a business plan that has two key components -
vertical integration with the market to ensure that all production
capacity built is directed to a specific market, eliminating market-side
risk; and, technical innovation which will allow for a small and
economic potash production facility, the output of which can then be
directed to a single, specific market. For more information, visit www.gensource.ca

Neither TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.

Caution Regarding Forward-Looking Statements

This news release may contain forward looking information and
Gensource cautions readers that forward looking information is based on
certain assumptions and risk factors that could cause actual results to
differ materially from the expectations of Gensource included in this
news release. This news release includes certain "forward-looking
statements", which often, but not always, can be identified by the use
of words such as "believes", "anticipates", "expects", "estimates",
"may", "could", "would", "will", or "plan". These statements are based
on information currently available to Gensource and Gensource provides
no assurance that actual results will meet management's expectations.
Forward-looking statements include estimates and statements with respect
to Gensource's future plans, objectives or goals, to the effect that
Gensource or management expects a stated condition or result to occur,
including funding and development pursuant to investors identified
pursuant to the Engagement and the definitive joint venture agreement
with Essel Group Middle East Limited ("EGME"), the veracity of the
reserve estimate and the ability to implement the feasibility study and
undertake mineral production that is feasible on a technical or economic
basis, and the establishment of vertical integration partnerships and
the sourcing of end use potash purchasers. Since forward-looking
statements are based on assumptions and address future events and
conditions, by their very nature they involve inherent risks and
uncertainties. Actual results relating to, among other things, funding
and development pursuant to investors identified pursuant to the
Engagement and the definitive joint venture agreement with the EGME,
results of exploration, the economics of processing methods, project
development, reclamation and capital costs of Gensource's mineral
properties, the ability to implement the feasibility study and undertake
mineral production that is feasible on a technical or economic basis,
Gensource's financial condition and prospects, the ability to establish
viable vertical integration partnerships and the sourcing of end use
potash purchasers, could differ materially from those currently
anticipated in such statements for many reasons such as: failure to
obtain funding and development pursuant to investors identified pursuant
to the Engagement and the definitive joint venture agreement with the
EGME, results of exploration, the economics of processing methods,
project development; the inability to implement the feasibility study
and undertake mineral production that is feasible on a technical or
economic basis; changes in general economic conditions and conditions in
the financial markets; the ability to find distributors and source
off-take agreements; changes in demand and prices for potash;
litigation, legislative, environmental and other judicial, regulatory,
political and competitive developments; technological and operational
difficulties encountered in connection with Gensource's activities; and
other matters discussed in this news release and in filings made with
securities regulators. This list is not exhaustive of the factors that
may affect any of Gensource's forward-looking statements. These and
other factors should be considered carefully and readers should not
place undue reliance on Gensource's forward-looking statements.
Gensource does not undertake to update any forward-looking statement
that may be made from time to time by Gensource or on its behalf, except
in accordance with applicable securities laws.

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