Genesis Land Development Corp. - Interim Chief Financial Officer



    TSE Stock Symbol: GDC

    CALGARY, Aug. 21 /CNW/ - Genesis Land Development Corp. ("Genesis")
(TSX:GDC) today announced that, in advance of the expiration of his term
contract on August 31st, Mr. Dale Kearns resigned as Interim Chief Financial
Officer of Genesis Land Development Corp., effective August 19, 2009.

    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 Corporation'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. Such
factors include the number of dwelling sites that Genesis will actually
develop and sell.




For further information:

For further information: Gobi Singh, C.E.O., Genesis Land Development
Corp., Toll Free: (403) 265-8079, 1-800-341-7211, Fax: (403) 266-0746, E-Mail:
genesis@genesisland.com, Internet: www.genesisland.com


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