Gespeg Acquires New Project IN the Gaspé Peninsula
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR
DISSEMINATION IN THE UNITED STATES
GESPEG ACQUIRES NEW PROJECT IN THE GASPÉ PENINSULA
Saskatoon, Saskatchewan, December 19th, 201 7 - GESPEG COPPER RESOURCES INC.
(TSX-V:GCR) (the “ Company” or “ Gespeg”) announces that it has entered into a purchase
agreement (the " Agreement") with an arm's length party (the " Vendor"), to acquire a 100%
undivided interest to 3 mineral claims on the South ern portion of the Gaspé Peninsula, near the
Municipality of Port Daniel. The 3 claims will be part of a known project called Lac Arsenault in
addition to the 6 claims that are already part of the company.
Past work has proven that the Lac Arsenault Prospect hosts 5 major vein systems, the Baker vein,
the Mersereau vein, the Line 4 W vein, the Marleau vein and the Greek veins and related
breccias. Since the original discovery in 1946 of mineralized boulders north of Lac Arsenault,
the project area has been explored through prospecting, geophysical surveying, geochemical
surveying, mapping, trenching, stripping, diamond drilling and sampling. It appears, as a result of
these exploration programs, that the veins are open along strike and at depth . As yet, the sources
of numerous mineralized boulders, geochemical Au and A g anomalies and geophysical
conductors remain undefined on the Lac Arsenault Prospect. The polymetalic mineralization
found to date represents telescoping mineralized veins and breccias caused by an underlain
intrusion.
The exploration results obtained between 1973 and 1978, completed by Esso Resources, indicates
that the original three veins (the Baker, Mersereau and Lin e 4W) host historical estimates
evaluation of 40,000 tonnes, grading 15.43 g/t Au, 197.00 g/t Ag, 6.6 % Pb and 3.5 % Zn (DV -
85-08 page 7). This historical estimate is based on the surface expression of the three veins only.
An evaluation of a four vein systems was performed by Peter Smith, Ph.D., in his report of Oct.
1995, indicating that these known vein systems contain his historical estimate evaluation shows
135,510 tons of 0.35 oz/ton Au. Peter J. Hawley re-evaluated these historical estimate in a report
dated Feb. 7, 1996, stating that the Arsenault Prospect contains 220,042.52 short tons at 0.307
oz/ton Au.
Press-release 17-06
Under the terms of the Agreement, Gespeg is acquiring the Property by paying the Vendor the
following:
1. A payment of 200,000 shares upon TSX Venture Exchange approval.
2. A payment of 300,000 shares to be issued at the first anniversary date of TSX Venture
Exchange approval.
Mr. Sylvain Laberge, President and CEO of Gespeg, remarks "We are pleased to add this
property to our portfolio. It fur thers our mandate of expanding our position in prospective
properties in the Gaspé Peninsula region.
The Agreement is subject to the approval of the TSX-Venture Exchange.
Update on Montauban Project
As for our Montauban project we spent the last few months getting all of the required approvals
from the relevant parties. These approvals are now in place and the Company is awaiting its
certificate of authorization from the Ministry of Energy and Natural Resources to start the tailings
evaluation and 43-101 resource calculation.
The Company remains committed to moving the Montauban Project forward in accordance with
the terms of the agreement with the vendors.
About Gespeg Copper Resources Inc.: Gespeg is an exploration company with a focus in
grossly underexplored regions “Gaspé and Montauban, Québec”. With a dedicated management
team, the Company’s goal is to create shareholder wealth through the discovery of new deposits.
Bernard-Olivier Martel, P. Geo, the Company's Director of Exploration, is a qualified person (as
such term is defined in National Instrument 43 -101 - Standards of Disclosure for Mineral
Projects) and has reviewed and approved the technical disclosure contained in this news release.
GESPEG COPPER RESOURCES INC.
(signed) “Sylvain Laberge”
Sylvain Laberge
President and CEO
514.380.5610
514.702.9841
FORWARD LOOKING INFORMATION
Some of the statements contained in this press release are forward -looking statements and
information within the meaning of applicable securities laws. Forward -looking statements and
information can be identified by the use of words such as “expects”, “int ends”, “is expected”,
“potential”, “suggests” or variations of such words or phrases, or statements that certain actions,
events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be
achieved. Forward-looking statements and information are not historical facts and are subject to a
number of risks and uncertainties beyond the Company’s control. Actual results and
developments are likely to differ, and may differ materially, from those expressed or implied by
the forward-looking statements contained in this news release. Accordingly, readers should not
place undue reliance on forward -looking statements. The Company undertakes no obligation to
update publicly or otherwise revise any forward-looking statements, except as may be required by
law.
Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is
defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.