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Gensource Potash intends to list shares on London Stock Exchange's AIM market

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World Fertilizer,

Gensource Potash Corp. has announced its intention to seek admission of its common shares to trading on the London Stock Exchange's AIM market, subject to finalisation of the requisite documentation.

The company expects that admission will become effective early November. This will result in the Common Shares being “dual listed” on the AIM and the TSX Venture Exchange (the TSX”).

The company is seeking the admission, in addition to its current listing on the TSXV, to take advantage of exposure to the United Kingdom and European financial markets and the increased liquidity expected with an additional listing on AIM. With Gensource’s relationship with the off-taker for the Tugaske potash project of the company, HELM AG, headquartered in Germany and its two mandated lead debt arrangers, KfW IPEX-Bank and Société Générale, also both headquartered in Europe, the Tugaske Project has generated interest from UK and European investors.

Michael Ferguson, CEO of Gensource, commented: "We are delighted to announce our intention to list Gensource on the London Stock Exchange’s AIM market, facilitating the opportunity for stakeholders and interested parties to invest in a high margin, de-risked, long life and sustainable project that sets a new direction in a staid industry.

Our vertical integration model will enable all production capacity to be directed and pre-sold to a specific market which will assist us in reducing market-side risk. For our Tugaske Project, we plan to deploy this model through our offtake agreement with HELM. Technical innovation is another key component of our business model and allows for a modular and economic potash production facility that we anticipate will demonstrate superior efficiency and environmental leadership within the potash industry. By using selective solution mining techniques, salt tailings will be entirely avoided, negating the largest decommissioning risk for any potash project. Because there are no salt tailings, the corresponding brine ponds are also eliminated, allowing the Tugaske Project to avoid the single largest negative environmental impact of potash mining.

We very much look forward to this exciting new phase, which we believe will provide us with greater visibility and opportunity for growth as we build our market share.”

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