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Gespeg Announces Resignation of Board Member

Management Changes

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES NOR

FOR DISSEMINATION IN THE UNITED STATES

For Immediate Release

GESPEG ANNOUNCES RESIGNATION OF BOARD MEMBER

Saskatoon, Saskatchewan, October 29, 2019 - GESPEG RESOURCES LTD. (TSX-V:GCR)

(the “Company” or “Gespeg”) , announces today that Mr. Paul Manstatuono has resigned from

the Company's board of directors, effective October 29, 2019.

"On behalf of our board of directors , I thank Paul for his service and contributions and wish him

well in future endeavors," stated Sylvain Laberge President & CEO of Gespeg Resources Inc..

About Gespeg: Gespeg is an exploration company with a focus in underexplored regions “ Gaspé

Peninsula, Québec”. With a dedicated management team, the Company’s goal is to create

shareholder value through the discovery of new deposits.

GESPEG RESOURCES LTD.

(signed) “Sylvain Laberge”

Sylvain Laberge

President and CEO

514.702.9841

[email protected]

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”, “intends”, “is expected”, “potential”, “suggests” or variations of such words or phrases, or statements that

certain actions, events or results “may”, “could”, “should”, “would”, “mig ht” 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.

Press-release 19-11