GSX.PR.A to Mature on Schedule

Global Resource Split Corp. has announced:

that the Corporation will redeem all of its outstanding Preferred Shares and Class A Shares (together, the “Shares”) on June 30, 2009 (the “Redemption Date”) as contemplated by the constating documents of the Corporation. The Corporation will request that its Shares be delisted from the Toronto Stock Exchange after the close of trading on June 24, 2009. Thereafter, the Corporation will pay a capital gain dividend to all Class A Shareholders of record on June 30, 2009 prior to redeeming the Class A Shares. Such capital gain dividend will reduce the redemption price per Class A Share by an equivalent amount. The capital gain dividend, together with the redemption proceeds for the Shares, will be paid by the Corporation on or about July 6, 2009 through CDS Clearing and Depository Services Inc.

In addition, the Corporation will pay on June 30, 2009 a regular quarterly distribution of $0.13125 per Preferred Share to shareholders of record on June 15, 2009.

Preferred Shares and Class A Shares are currently listed on the Toronto Stock Exchange under the symbols GSX.PR.A and GSX, respectively.

GSX.PR.A has not been tracked by HIMIPref™. There are only 586,000 shares outstanding with a $10 par value.

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