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Genesis Land Development Corp. Declaration of Voting Results & Voting Rights Announcements 2021

May 15, 2021

44565_rns_2021-05-14_1b88aee0-bcf1-4b8c-82f6-9825e16b7088.pdf

Declaration of Voting Results & Voting Rights Announcements

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Genesis Land Development Corp. Reports Voting Results of Election of Directors

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For Immediate Release

CALGARY, ALBERTA, May 14, 2021 - Genesis Land Development Corp. ("Genesis") is pleased to report that at its annual meeting of shareholders held on May 14, 2021 that each of the nominees proposed by management as a director of Genesis were elected as directors.

The detailed results of the vote by ballot are as follows:

Nominee Votes For Votes For Votes Withheld Votes Withheld
Number Percentage Number Percentage
Stephen Griggs 24,133,679 83.65% 4,717,148 16.35%
Steven J. Glover 27,103,601 93.94% 1,747,226 6.06%
Mark W. Mitchell 27,158,551 94.13% 1,692,276 5.87%
Loudon Owen 24,071,929 83.44% 4,778,898 16.56%
Iain Stewart 27,120,146 94.00% 1,730,681 6.00%

About Genesis

Genesis Land Development Corp. is a land developer and residential home builder in the Calgary Metropolitan Area. The Corporation’s common shares are listed on the Toronto Stock Exchange (TSX: GDC).

Contact Information

Iain Stewart, CPA, CA, President and Chief Executive Officer Wayne King, CPA, CA, Chief Financial Officer 6240, 333 – 96 Ave. NE Calgary AB T3K 0S3 P: 403-265-8079 Toll free: 1-800-341-7211 Email: [email protected] Website: www.genesisland.com