Gensource Capital Corporation
TSX VENTURE : GSP

Gensource Capital Corporation

August 24, 2012 16:45 ET

Gensource Capital - Grant of Stock Options

TORONTO, ONTARIO--(Marketwire - Aug. 24, 2012) - Gensource Capital Corporation ("Gensource" or the "Corporation") (TSX VENTURE:GSP) (formerly Augen Capital Corp.) announces that, in accordance with the Corporation's previously approved stock option plan, it has today granted in aggregate 4,225,000 stock options ("Options") to purchase common shares in the capital of the Corporation to certain directors, officers, employees and consultants of the Corporation. The Options each have an exercise price of $0.10 per share and are exercisable for a period of 5 years. This grant of Options is subject to acceptance by the TSX Venture Exchange.

Gensource Capital Corporation is a Toronto based merchant bank that is focused on the rapid development of its recently acquired Nexxt Potash Corp.

For more information on Gensource, visit our website at www.Gensource.ca.

The Corporation's public documents may be accessed at www.sedar.com.

This news release contains forward-looking statements. These statements are based on certain factors and assumptions as set forth in this news release including expected growth, results of operations, performance and business prospects and opportunities. While the Corporation considers these factors and assumptions to be reasonable based on information currently available, they may prove to be incorrect. A number of factors could cause actual results to differ materially from those in the forward-looking statements, including, but not limited to results of exploration, project development, reclamation and capital costs of the companies in the merchant banking portfolios ("investee companies"), and the Corporation's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for the minerals the investee companies expect to produce; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Corporation and investee companies. Additional risks and uncertainties can be found in our Management's Discussion and Analysis and in filings with the Canadian provincial securities commissions. Forward-looking statements are given only as at the date of this news release and the Corporation disclaims any obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

Shares outstanding: 97,999,539

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.

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