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Gespeg Resources to Terminate the Letter of Agreement With DNA Canada

Corporate Updates

Gespeg Resources to Terminate the Letter of Agreement With DNA Canada

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

THE UNITED STATES

SASKATOON, Saskatchewan, May 02, 2019 -- GESPEG RESOURCES LTD. (TSX-V:GCR) (the “Company” or “Gespeg”),

announces that it has terminated its letter agreement with DNA Canada regarding the Montauban Project effective May 1,

2019.  As a result, the Company will once again be dedicating its focus on its core copper and gold properties in the Gaspé

Peninsula region of Québec.

About Gespeg: Gespeg is an exploration company focusing on the underexplored region of Gaspé, 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”, “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.