Gensource Announces Results of Annual and Special Meeting and Completion of Acquisition of Shares of Seven Stars Coal Corp.

Gensource Capital Corporation ("Gensource" or the "Company") (TSX VENTURE:GSP)
is pleased to announce the results of its annual and special meeting of
shareholders held June 10, 2013. At the meeting, Gensource shareholders:




--  elected the following as directors of the Company: G. Michael Newman,
    Chairman, Alan Cruickshank, Conor S. Bill, Stephen Halabura, Paul Martin
    and Michael Ferguson; 
--  appointed Ernst & Young LLP as auditor of the Company; 
--  re-approved the Company's stock option plan; 
--  approved changing the name of the Company to Gensource Potash
    Corporation (which will be become effective when the Articles of
    Amendment are filed); and 
--  ratified and confirmed By-Law Number 2A, which provides for advance
    notice of nominations of directors (see the Company's press release
    dated May 15, 2013).



Holders of 29,333,480 shares (representing approximately 29.93% of the
outstanding shares of the Company) were present in person or by proxy and voted
at the meeting with over 95% of the shares voted in favour of all resolutions.


Further to the company's decision to focus on potash development, Gensource
would also like to announce that it has acquired all of the outstanding shares
of Seven Stars Coal Corp. ("Seven Stars"), a private Ontario corporation of
which Gensource was the majority shareholder.


Gensource formed Seven Stars in July 2011 as a subsidiary corporation through
which it intended to conduct coal operations in Colombia. The Company has since
determined not to pursue such operations and has purchased all of the shares of
Seven Stars that it did not already own from shareholders at $0.022 per share
for an aggregate acquisition cost of $114,400. Seven Stars Coal Corp. will be
amalgamated with Gensource upon filing of the Articles of Amalgamation.


Among the shareholders from whom Gensource purchased shares of Seven Stars were
Conor Bill and G. Michael Newman, each a director of the Company. Pursuant to
Multilateral Instrument 61-101 - Protection of Minority Security Holders in
Special Transactions ("MI 61-101"), the acquisition of such shares from Messrs.
Bill and Newman constituted a "related party transaction" for Gensource. The
Company was exempt from obtaining both a formal valuation and minority
shareholder approval in connection with such acquisitions because neither the
fair market value of the shares acquired nor the consideration for such shares,
exceeded 25% of the Company's market capitalization as calculated in accordance
with MI 61-101.


As disclosed in the Company's press release dated March 18, 2013, the Company's
primary focus going forward will be potash development in Saskatchewan.


About Gensource

Gensource Capital Corporation is based in Saskatoon, Saskatchewan and is focused
on developing resource opportunities with a specific focus on potash
development. The Company's primary project is its wholly-owned subsidiary,
Gensource Potash Corporation, also based in Saskatoon Saskatchewan. Gensource
Potash Corporation is led by Mike Ferguson P.Eng., President and CEO. Mr.
Ferguson has assembled a world class management team with direct and specific
interest in potash development.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Gensource Capital Corporation
Alan Cruickshank
President
[phone]
[e-mail]