Global Resource Split Corp. Announces Completion of Termination

    TSX Symbol: GSX, GSX.PR.A

    TORONTO, July 3 /CNW/ - Global Resource Split Corp. (the "Corporation")
announced today that the Corporation completed the redemption of all of its
outstanding Preferred Shares and Class A Shares on June 30, 2009 as
contemplated by the constating documents of the Corporation. In connection
therewith, the Corporation declared a capital gain dividend to all Class A
Shareholders of record on June 30, 2009 in the amount of approximately,
$7.1231 per share and redeemed each Class A Share for approximately $19.6204
per share. Preferred Shares were redeemed for $10.00 per share. The capital
gain dividend and redemption proceeds will be paid by the Corporation on July
7, 2009 through CDS Clearing and Depository Services Inc.

For further information: CI Investments Inc., [phone],
1-800-268-9374