Mr. Iain Stewart reports

GENESIS LAND DEVELOPMENT CORP. APPOINTS CHIEF FINANCIAL OFFICER AND SENIOR VICE PRESIDENT, INFORMATION SYSTEMS AND SPECIAL PROJECTS

Genesis Land Development Corp. has appointed Rob Sekhon, CPA, CA, as chief financial officer and Wayne King, CPA, CA, to the position of senior vice-president, information systems and special projects. The appointments will be effective September 11, 2023.

Mr. King has been with Genesis since 2017 in the CFO role, helping create the solid foundation upon which Genesis is growing. Mr. King has been instrumental in Genesis' recent success and has developed a strong finance team and improved financial reporting systems. Mr. King intends to retire early in 2025 and will focus his efforts on special projects including upgrading Genesis' information systems.

Reporting to Iain Stewart, President and CEO, Mr. Sekhon will join Mr. King as members of the company's executive leadership team. Mr. Sekhon will be responsible for leading the finance team in several critical areas including reporting, treasury, and cash flow forecasting functions.

Mr. Sekhon brings extensive management and financial expertise to Genesis. He has played instrumental roles in building, developing and managing strong financial teams and reporting systems over the past 20 years in capital intensive businesses that have steadily enabled improved business performance. His experience spans core financial functions across income statement and balance sheet management, financial planning and analysis, capital allocation and acquisition integrations. Mr. Sekhon's appointment as CFO is the result of a robust search process, supported by an external search firm.

"Genesis is seeing strong growth in both its home building and land development businesses, and we are excited to add Mr. Sekhon to our team. Rob adds depth to our management team and will help guide Genesis' growth for years to come," Mr. Stewart commented. "The timing of this appointment allows Genesis to leverage Mr. King's skills and experience to enhance and ready our information systems infrastructure to accommodate the company's growth in today's fast changing technological environment," added Mr. Stewart.

About Genesis

Genesis is an integrated land developer and residential home builder operating in the Calgary Metropolitan Area ("CMA") holding a portfolio of well-located, entitled and unentitled primarily residential lands and serviced lots in the CMA.

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