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Gensource Announces $1,5000,000 Non-Brokered Private Placement

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Gensource Potash Corporation ("Gensource" or the "Company")
(TSX.V: GSP) is pleased to announce a proposed best efforts
non-brokered private placement for gross proceeds of up to $1,500,000
(the "Offering"). The Offering will consist of the sale of up to
23,076,924 Common Shares of the Company ("Common Shares") at a
price of $0.065 per Common Share. The Non-Brokered Financing is subject
to an over-allotment option, allowing Gensource to issue additional
3,461,538 Common Shares.

The Company intends to use the proceeds from the sale of the Common
Shares for general working capital purposes as it moves forward to
complete current negotiations with market partners for the first of its
scalable and environmentally responsible potash operations. The Offering
will take place by way of a private placement to qualified investors in
such provinces of Canada as the Company may designate, and otherwise in
those jurisdictions where the Offering can lawfully be made. The
securities to be issued pursuant to the Offering will be subject to a
statutory fourth month and one day hold period from the Closing Date (as
defined herein).

It is expected that the closing of the Offering will occur on or about
November 29, 2017 (the "Closing Date") and is subject to the
satisfaction of certain conditions, including receipt of all applicable
regulatory approvals including the approval of the TSX Venture Exchange.
In consideration for their services, certain persons (each, a "Finder")
may receive from the Corporation on Closing, a cash commission equal to
8.0% of the gross proceeds of the Offering and compensation warrants to
purchase common shares equal to 8.0% of the total number of Common
Shares sold, exercisable for 18 months from the Closing Date at $0.065
per common share (the "Broker Warrants").

Gensource's President and CEO, Mike Ferguson commented, "We are excited
at the level of interest and activity we have experienced from large and
credible entities in the agriculture sector across North America, South
America and Asia. Completing the feasibility study for the Vanguard One
Project and opening up Vanguard Potash Corporation to immediate
participation by strategic market partners are the key triggers to the
current high level of interest in developing a project – exciting
prospects are developing for implementing our first project."

About Gensource

Gensource is based in Saskatoon, Saskatchewan and is focused on
developing the next potash production facility in that province, using
new and more efficient mining and processing methods and employing a
new-to-the-potash-industry business model that connects the consumer of
potash (agricultural producers) as directly as possible to the
production of the product. 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.

The technical information presented in this new release has been
reviewed and approved by Mike Ferguson, P.Eng., the President, CEO and a
Director of the Corporation, who is a qualified person according to NI
43-101 requirements.

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 the definitive joint
venture agreement with the EGME, the expected timing for release of a
reserve estimate and a feasibility study and whether or not the study
will conclude that mineral production 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 a 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 complete a feasibility
which supports the technical and economic viability of mineral
production, 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 undertake development pursuant to the
definitive
joint venture agreement with the EGME; an inability to finance and/or
complete an update of the resource estimate to a reserve estimate, and a
feasibility study which supports the technical and economic viability of
mineral production; 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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