Gensource Announces Update on Proposed Transaction With Canada Potash Corporation

Gensource Potash Corporation ("Gensource" or the "Company") (TSX VENTURE:GSP) is
pleased to announce the following update on its proposed transaction (the
"Transaction") with Canada Potash Corporation ("CPC").


Gensource signed a binding Term Sheet with CPC on June 20, 2013 where the two
companies would combine their expertise, contacts and certain assets into
Gensource Potash Corp. whose goal is to develop a potash production facility in
Saskatchewan (further details can be found in the press release announcing the
Transaction, available on Gensource's website).


The Transaction has been deemed a reverse takeover (RTO) by the TSX Venture
Exchange and the regulatory process has been defined. Both Parties have been
working diligently towards providing the documents, reports and information as
required by the TSX Venture Exchange. "We anticipate the lifting of the stock
halt as soon as we receive the approval of The Exchange," says Mike Ferguson.


Despite the detailed and lengthy nature of the regulatory process, Gensource and
CPC continue to jointly develop plans that will advance their combined project
resources as quickly as possible.


The two companies share a common view of the potash market and each,
independently to-date; have been pursuing their business plans along parallel
paths. Gensource, with CPC as its major shareholder, will focus on securing the
three key pillars required for a potash production project: 1) market access, 2)
financing, and 3) execution expertise.


A signing ceremony was held in Beijing, China, on July 9th, to celebrate the new
relationship. Gensource and CPC management attended and signed a number of early
stage potash distribution and co-operation agreements with various parties in
China. Although these are preliminary documents, they represent market access
which is a key component of the overall business plan. Gensource is very pleased
to have entered into these arrangements as a first step towards validation of
its business model so quickly after signing the binding Term Sheet.


About Gensource

Gensource is based in Saskatoon, Saskatchewan and is focused on potash project
development. Gensource's CEO, Mike Ferguson P.Eng., has assembled a management
team with direct and specific experience in potash development.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Gensource Capital Corporation
Mike Ferguson
CEO
[phone]
[e-mail]