July 21, 2009 18:27 ET

Genesis Announces Resignation of Interim Chief Operating Officer

CALGARY, ALBERTA--(Marketwire - July 21, 2009) - Genesis Land Development Corp. (TSX:GDC) today announced that Mr. Brent Ling resigned as Interim Chief Operating Officer of Genesis Land Development Corp. effective July 16, 2009. The Corporation does not have an immediate replacement but will be undertaking a review for the position of Chief Operating Officer.

Genesis Land Development Corp. is a Calgary-based land development company with an inventory of more than 24,000 future residential building sites (single-family and multi-family) and over 300 acres of commercial/industrial lands in Western Canada, of which more than 14,000 residential lots and over 300 acres of commercial/industrial lands are located in the Calgary metropolitan area.

Certain statements in this news release could constitute forward-looking statements. The Company's line of business involves risk, uncertainties and other factors which may cause actual results, performance or achievements of Genesis to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These risks and uncertainties are more fully described in regulatory filings that can be obtained on SEDAR at

We seek safe harbour.

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