Genesis Acquisition Corp. Announces Closing Of $300,000 Private Placement

(TheNewswire)

Kelowna, British Columbia, March 6, 2026 – TheNewswire- Genesis Acquisition Corp. (TSXV: REBL.P) (the "Company"), acapital pool company pursuant to Policy 2.4 –Capital Pool Companies(the "Policy") of the TSX Venture Exchange (the"TSXV"), is pleased to announce the successful closing of itspreviously announced (February 9, 2026) non-brokered private placementof 1,500,000 common shares of the Company at a price of $0.20 pershare (the "OfferedShares"), for aggregate gross proceeds of$300,000 (the "Private Placement").

The Company intends touse a portion of the net proceeds from the Private Placement to payfor costs associated with proceeding to completion of its previouslyannounced Qualifying Transaction (as defined in the Policy) with Nusa Nickel Corp. (“Nusa”).  TheCompany also anticipates loaning up to $150,000 of the proceeds of thePrivate Placement to Nusa (the “Loan”).  It iscontemplated that the Loan would bear interest at a rate of 8.5% perannum, mature one (1) year from the date the funds are advanced and besecured against the assets of Nusa. It is further anticipated that theLoan would be forgiven in certain circumstances if the proposedQualifying Transaction is not completed.  The Loan remains subject tothe receipt of all requisite approvals, including the approval of theTSXV.

The Offered Shares are subject to a four-month and oneday hold period pursuant to securities laws in Canada and, whereapplicable, the policies of the TSXV.

About Genesis AcquisitionCorp.

The Company is a capital pool company created pursuant to the policies of the TSXV. It does not own any assets,other than cash or cash equivalents. The principal business of theCompany is to identify and evaluate opportunities for the acquisitionof an interest in assets or businesses and, once identified andevaluated, to negotiate an acquisition or participation subject toacceptance by the TSXV so as to complete a Qualifying Transaction (assuch term is defined in the Policy) in accordance with the policies ofthe TSXV.

ON BEHALF OFTHE BOARD OF DIRECTORS:

Charles Blair Wilson

CEO and Director

Email:        charlesblairwilson@gmail.com

Phone:        250-317-0996

Disclaimer for Forward-LookingInformation

This press release containsstatements which constitute "forward-looking information"within the meaning of applicable securities laws, including statementsregarding the plans, intentions, beliefs and current expectationsof the Company with respect to future businessactivities and operating performance. Forward-looking informationis often identified by the words "may", "would","could", "should", "will","intend", "plan", "anticipate","believe", "estimate", "expect" orsimilar expressions andincludes information regarding the anticipated use of proceeds of thePrivate Placement, including the Loan, and all other statements thatare not historical in nature.

Investors are cautioned thatforward-looking information is not based on historical facts butinstead reflect the Company’s management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions andestimates of management considered reasonable at the date the statements are made. Although theCompany believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, andundue reliance should not be placed on such information, as unknown orunpredictable factors could have material adverse effects on futureresults, performance or achievements of the Company. Among the key factors that could cause actual results to differ materiallyfrom those projected in the forward-lookinginformation is the approval of the TSXV for the Loan and the terms uponwhich the Loan may be completed. This forward-looking information may be affected by risks and uncertainties in the business of the Company and market conditions.

Should one or more of these risks or uncertainties materialize, orshould assumptions underlying the forward-looking information prove incorrect, actual results may varymaterially from those described herein as intended, planned,anticipated, believed, estimated or expected. Although the Companyhave attempted to identify important risks, uncertainties and factorswhich could cause actual results to differ materially, there may beothers that cause results not to be as anticipated, estimated orintended. The Company does not intend, and does not assume anyobligation, to update this forward-looking information except asotherwise required by applicable law.

Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this press release.

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