Genesis Land Development Corp. Announces Appointment of Chief Financial
Officer

TSE Stock Symbol: GDC

CALGARY, Oct. 2 /CNW/ - Genesis Land Development Corp. ("Genesis") (TSX:GDC) today announced the appointment of Mr. Simon Fletcher, CA to the position of Chief Financial Officer.

Mr. Fletcher is a Chartered Accountant (member of the Institute of Chartered Accountants of Alberta) and has over 10 years of professional accounting and finance experience. He has been with Genesis for more than 2 years and, prior to this appointment, served as Genesis' Corporate Controller.

Mr. Gobi Singh, President and CEO of Genesis had the following comment, "We welcome the appointment of Mr. Simon Fletcher to the role of CFO. During the past 2 years his performance and dedication have exemplified the leadership qualities which will serve Genesis well in our drive to build shareholder value".

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.

SOURCE Genesis Land Development Corp.

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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