Gensource Announces Changes to Board of Directors

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Gensource Announces Changes to Board of Directors

SASKATOON, Saskatchewan / ACCESSWIRE / August 14, 2014 / Gensource Potash Corporation (“Gensource” or the “Company”) (TSX.V: GSP) announces changes to its Board of Directors.

Gensource is pleased to announce that Kerny Korchinski has been appointed a Director of the Company pursuant to the bylaws of the Company, subject to regulatory approval.

Kerny is a Saskatchewan business man, now semi-retired after a long and very successful career as a business owner / entrepreneur. Kerny’s resume includes the creation and building of a business from the entrepreneurial stage to an operation that ultimately generated revenues of 100 Million yearly and employed 250 people in 4 locations around Saskatchewan. In addition to his business activities, Kerny has served on the Boards of St. Paul’s Hospital, Junior Achievement, Young Entrepreneurs and others. In retirement, Kerny has embarked on a philanthropic path, helping local charities and creating a foundation in Mexico which focuses on developing positive life skills to enable local individuals to escape the cycle of poverty and hopelessness and build local businesses. Kerny will bring his depth of experience and expertise to the Gensource Board of Directors in areas of business strategy and planning as well as Board structure and governance. Mike Ferguson, Gensource’s President & CEO, commented “With the appointment of Mr. Korchinski, Gensource continues the refocusing of the company and its Board that began in late 2013. Our goal is to bring to the Board of Directors the skills and expertise required to help the company execute its business plan – to bring the Lazlo Project to production. With Kerny’s proven experience in building successful businesses in Saskatchewan, Gensource will become stronger in its business focus, structure and governance. I am so pleased to have the opportunity to work with Kerny as we push to make the Lazlo Project the next producing facility in Saskatchewan”.

Additionally, the Company announces that Alan Cruickshank has resigned as a director with the Company. Alan has worked diligently for the Company, always seeking the best for its shareholders. We appreciate Alan’s work, and wish him well in his future endeavours.

About Gensource

Gensource is based in Saskatoon, Saskatchewan and is focused on developing potash projects in Saskatchewan, but doing so with a strong link to the end-user market for potash.  Gensource’s President & CEO, Mike Ferguson P.Eng., has assembled a management team with direct and specific experience in Saskatchewan potash development. Gensource’s Advisory Board comprises globally-recognized experts on the various aspects of potash drilling, mining and processing technologies and international potash and business development expertise and experience. Gensource believes its technical expertise will allow it to develop a smaller scale, quicker-to-market and much more easily funded project, with excellent economics, than those that have been contemplated to-date in the potash industry.

For further information please contact:

Gensource Potash Corporation:

Mike Ferguson, President & CEO
Telephone: (306) 974-6414
Email: [email protected]

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.


Certain of the statements and information in this news release constitute “forward-looking information” within the meaning of applicable Canadian securities laws. All statements, other than statements of historical fact, are forward-looking INFORMATION.

This forward-looking information reflects management’s current expectations with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to risks and uncertainties. These assumptions include: that the results of the confirmatory drilling, and Any future preliminary economic assessment on the Lazlo project will be positive, the receipt of the necessary permits, the ACCOMPLISHMENT of the company’s proposed steps and milestones, and the availability of financing. Many factors, both known and unknown, could cause actual results or future events to be materially different from the results or events that are expressed or implied by the forward-looking INFORMATION contained in this News Release. The Company does not intend, and does not assume, any obligation to update this forward-looking information should circumstances or management's expectations, assumptions or opinions change, except as required by law.

Source: Gensource Potash Corporation