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Press release from CNW Group

GENESIS ANNOUNES EARLY TRANSANSITIONS FROM BOARD OF DIRECTORS

Friday, October 15, 2010

GENESIS ANNOUNES EARLY TRANSANSITIONS FROM BOARD OF DIRECTORS06:00 EDT Friday, October 15, 2010TSE Stock Symbol: GDCCALGARY, Oct. 15 /CNW/ - Genesis Land Development Corp. (TSX-GDC), ("Genesis" or the "Company"), announces that Mr. Kevin Reed and Mr. Keith Ferrel have both resigned as a director of the Company in accordance with their previously announced scheduled transition off the Board (see Genesis press release dated May 27, 2010) The Company wishes to thank Mr. Reed and Mr. Ferrel for their contributions to the Company and wish them success in their future endeavors. The Board of Directors of Genesis consists of Doug N. Baker, who has been appointed Chairman of the Board, Elias Foscolos, Akhil Manro, Mark W. Mitchell and Gobi Singh.About Genesis Land Development Corp.Genesis Land Development Corp. is a Calgary based land development company with an estimated inventory of more than 28,000 future residential building sites (single-family and multi-family) and over 1,000 acres of commercial/industrial lands in Western Canada, of which more than an estimated 14,000 residential lots and over 530 acres of commercial/industrial lands are in the Calgary and Edmonton metropolitan areas.For more information about Genesis, visit Genesis' website at www.genesisland.com.For further information: Gobi Singh, C.E.O., Genesis Land Development Corp., Tel: (403) 265-8079, Toll Free: 1-800-341-7211, Fax: (403) 266 0746, E-Mail: genesis@genesisland.com; Internet: www.genesisland.com