Genesis Ai releases Tree Data Acquisition Tool

Genesis Ai releases Tree Data Acquisition Tool

This news release is not for distribution to U.S. newswire services for dissemination in the United States.

Kelowna, BC – December 18, 2023 – Genesis AI Corp. (“Genesis AI” or the “Company”) (CSE:AIG– OTC: AIGFF – FRA: NL8) is pleased to announce the release of Tree Survey Inventory, a core piece of technology ensuring tree data acquired in the field is compatible with our Ai and machine learning forestry modules.

Tree Survey and Inventory (TSI) is an app-based data collection tool that runs on iOS and Android platforms and is optimized to input the exact information required to feed our digital models that are helping to disrupt forestry, prevent and protect against wildfire, and participate in the carbon offset movement. TSI is optimized more so than external tools and is built explicitly to ensure the integrity of data collected.

TSI is a fundamental building block for our training models, that will eventually eliminate most of the need for costly labour. TSI ensure the information collected is precise and allows Genesis Ai Corp’s digital models to work at peak efficiency, syncing directly to our database. TSI users will include those working to establish carbon offset projects, complete conventional forest inventory projects, and collect data to prevent wildfire and reestablish forests post fire. 

Project Director Brent Tolmie says, “this represents direct progress in our goal of bringing our forest, carbon, and wildfire modules to market. Once data is contextualized into a useable format, this represents actual intelligence that is so critical to ensure our models solve real world problems.”

“We’re pleased to see progress in our software as a service business model and getting real world data into our system to build solutions to real world problems,” says CEO Dev Randhawa. Genesis is working to use Ai for good, to address issues that are a present threat to our well-being, and this is material progress.”

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About Genesis AI Corp.

Genesis Ai is a proprietary generative AI model in development, building digital twins for real-world natural resources applications. Digital twins can be manipulated and studied in computer generated worlds, with the influence of deep machine learning and neural networks, providing disruptive real-world problem solving. Genesis Ai Corp. is pursuing opportunities in the precision geospatial, forestry analytics, mining exploration, carbon sector through AI. The company is also developing tools to help predict forest fire behavior, speed up response times when it most counts, and build more resilient forests through effective management. To learn more, visit https://www.genesisaicorp.com/

On behalf of the Board
Dev Randhawa
President Director

Genesis AI Corp.

750-1620 Dickson Ave.

Kelowna, BC, V1Y 9Y2

Canada

For further information, please contact:

Jamie Bannerman

+1 250 868 6553

About this press release:
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Cautionary Statement:

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Certain statements in this news release are forward-looking and involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of the phrase ‘forward-looking information’ in the Canadian Securities Administrators’ National Instrument 51-102 – Continuous Disclosure Obligations (collectively, “forward-looking statements”). Forward-looking statements are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, “plan” or variations of such words and phrases. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these forward-looking statements are based on information currently available to the Company, the Company provides no assurances that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements.

Forward-looking statements in this news release include, but are not limited to, statements about: the proposed transaction with Carbonethic, including entering into definitive documentation and closing of transaction and the anticipated benefits of the proposed transaction; and the anticipated use and benefits of Woodlands.ai; integration of Woodlands.ai in the Company’s existing business; and completion of the name change and ticker symbol.

Factors that could cause actual results to differ materially from such forward-looking statements include, but are not limited to, those risks and uncertainties identified in public filings made by the Company with applicable Canadian Securities regulatory authorities, and the following: failure to successfully negotiate and close the transaction and obtain regulatory approvals as applicable, the Company’s inability to raise additional capital for project activities, including through equity financings, or otherwise, changes in equity markets; uncertainties relating to the availability and costs of financing needed in the future; the inability of the Company to budget and manage its liquidity in light of the failure to obtain additional financing, inflation; changes in exchange rates, delays in the development of projects. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements in this news release are reasonable, undue reliance should not be placed on such statements or information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all, including as to whether or when the Company will achieve its initiatives, or as to the actual size or terms of those initiatives. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.  No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation including statements regarding the Private placement and the proposed Debt Settlement and the issuance of Common Shares which are based upon Genesis’ current internal expectations, estimates, projections, assumptions and beliefs, and views of future events. Forward-looking information can be identified by the use of forward-looking terminology such as "expect", "likely", "may", "will", "should", "intend", "anticipate", "potential", "proposed", "estimate" and other similar words, including negative and grammatical variations thereof, or statements that certain events or conditions "may", "would" or "will" happen, or by discussions of strategy. Forward-looking information includes estimates, plans, expectations, opinions, forecasts, projections, targets, guidance, or other statements that are not statements of fact. The forward-looking statements are expectations only and are subject to known and unknown, risks, uncertainties and other important factors that could cause actual results of the Company or industry results to differ materially from future results, performance or achievements. Any forward-looking information speaks only as of the date on which it is made, and, except as required by law, Genesis does not undertake any obligation to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise. New factors emerge from time to time, and it is not possible for Genesis to predict all such factors.

When considering these forward-looking statements, readers should keep in mind the risk factors and other cautionary statements as set out in the materials we file with applicable Canadian securities regulatory authorities on SEDAR at www.sedarplus.ca including our Management's Discussion and Analysis for the year ended June 30, 2022. These risk factors and other factors could cause actual events or results to differ materially from those described in any forward-looking information.

The CSE does not accept responsibility for the adequacy or accuracy of this release.