Mr. Mike Ferguson reports

GENSOURCE POTASH CORPORATION PROVIDES OPERATIONAL UPDATE ON THE TUGASKE PROJECT AND MARKET DEVELOPMENTS

Gensource Potash Corp. has provided an operational update on its flagship Tugaske project in Saskatchewan and market highlights.

1. Project advancement: securing the path forward

Gensource has successfully exercised its land purchase option agreement for the Tugaske project site. This critical milestone will provide the company with clear title and control over the essential surface lands required for the project. Exercising this option is a definitive step, demonstrating Gensource's commitment to advancing Tugaske into the detailed engineering and construction phase.

2. Strategic engagement and due diligence

As part of Gensource's continuing corporate and project finance initiatives, the company recently completed a due diligence process with a major Southeast Asian industrial conglomerate and fertilizer distributor.

Following this diligence phase, Gensource was pleased to host a seven-member delegation from the same Southeast Asian group in Saskatchewan. The delegation conducted an in-depth site visit to the Tugaske project location, engaging directly with Gensource's technical and executive teams. These are significant steps in progressing toward definitive offtake and/or partnership agreements, aligning with Gensource's focused, contract-based development model.

3. Supportive trade environment

The recent negotiations for enhanced trade agreements between Canada/Saskatchewan and ASEAN member countries strategically align with Gensource's international initiatives. These agreements -- designed to increase investment, smooth trade flows and secure critical supply chains in the agriculture and fertilizer sectors -- underscore the global focus on food security. Gensource recognizes the positive results from this leadership and the potential for significant positive impacts on future trade.

4. Operational and funding strategy

Gensource maintains a lean operational model, strategically allocating capital to derisk the Tugaske project and advance key initiatives. Recent activities have focused on finalizing plans for updating the front-end engineering design (FEED) package (first published in November, 2021) and National Instrument 43-101 technical report, updating project economics in the current robust price environment and engaging with strategic partners to secure the remaining capital required for construction.

5. Compelling market fundamentals

The potash market is experiencing a powerful confluence of supportive factors:

• Geopolitical spotlight and trade frameworks: Global geopolitical events have starkly highlighted the strategic importance of food security and stable, reliable fertilizer supply chains. Potash has returned to the forefront of agricultural policy, a focus underscored by new governmental and trade initiatives to strengthen partnerships between key producing regions like Saskatchewan and major consuming markets.
• U.S. tariff exemption: The recent exemption of Canadian potash from U.S. import tariffs strengthens the competitiveness of Saskatchewan production in a key market, improving margin potential for producers.
• Robust pricing: Potash prices remain historically robust, driven by steady demand and constrained supply.
• Supply constraints: Global supply growth has been slower than anticipated due to geopolitical disruptions and technical delays at major expansion projects both inside and outside of Saskatchewan, reinforcing the need for new, reliable sources of production like Gensource's modular and efficient model.

We seek Safe Harbor.