Gensource Engages Raymond James Ltd. as Sponsor for Proposed Transaction With Canada Potash Corporation

Gensource Potash Corporation ("Gensource" or the "Company") (TSX VENTURE: GSP)
is pleased to announce that it has engaged Raymond James Ltd. ("Raymond James")
to act as sponsor in connection with its proposed transaction (the
"Transaction") with Canada Potash Corporation ("CPC") previously announced on
June 20, 2013.


Subject to completion of satisfactory due diligence, Raymond James has agreed to
act as sponsor in connection with the Transaction in accordance with the
policies of the TSX Venture Exchange ("TSX-V"). An agreement to sponsor should
not be construed as any assurance with respect to the merits of the Transaction
or the likelihood of completion.


Subject to TSX-V approval, Gensource has agreed to issue 20,000 common shares of
the Company, at a deemed price of $0.50 per share, to Raymond James as part of
its compensation for acting as sponsor.


Completion of the Transaction is subject to a number of conditions, including
TSX-V acceptance and disinterested shareholder approval. The Transaction cannot
close until the required shareholder approval is obtained. There can be no
assurance that the Transaction will be completed as proposed or at all. 


Investors are cautioned that, except as disclosed in the Management Information
Circular to be prepared in connection with the Transaction, any information
released or received with respect to the Transaction may not be accurate or
complete and should not be relied upon. Trading in the securities of Gensource
should be considered highly speculative. 


The TSX Venture Exchange has in no way passed upon the merits of the proposed
Transaction and has neither approved nor disapproved the contents of this press
release.


"We are very pleased to be working alongside such a solid and respected firm as
Raymond James to complete a key aspect of the approval process for this
Transaction," says Mike Ferguson, P.Eng., CEO of Gensource Potash Corp.


About Gensource

Gensource is based in Saskatoon, Saskatchewan and is focused on developing
potash projects in Saskatchewan. 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.


CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

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 RELATES TO, AMONG
OTHER THINGS: THE SATISFACTORY COMPLETION OF DUE DILIGENCE BY RAYMOND JAMES: THE
ISSUANCE OF COMMON SHARES OF THE COMPANY TO RAYMOND JAMES; THE ABILITY OF
GENSOURCE AND CPC TO PROVIDE THE DOCUMENTS, REPORTS AND INFORMATION REQUIRED BY
THE TSX-V IN CONNECTION WITH THE TRANSACTION; AND LIFTING OF THE CURRENT TRADING
HALT ON THE COMPANY'S SHARES BY THE TSX-V. 


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: CONCLUSION OF SATISFACTORY DUE
DILIGENCE BY GENSOURCE, CPC AND RAYMOND JAMES; THE PREPARATION OF TECHNICAL
REPORTS AND VALUALTIONS ON PROPERTIES OF CPC THAT ARE SATISFACTORY TO THE TSX-V;
THE PREPARATION OF A SPONSORSHIP REPORT BY RAYMOND JAMES THAT IS SATISFACTORY TO
THE TSX-V; THE COMPLETION OF DEFINITIVE AGREEMENTS RELATING TO THE TRANSACTION;
AND THE APPROVAL OF THE TRANSACTION BY THE TSX-V AND GENSOURCE'S SHAREHOLDERS.
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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Gensource Potash Corporation
Mike Ferguson
CEO
(306) 974-6414
mike@gensource.ca

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