Gambier GOLD Announces Debt Settlement

GAMBIER GOLD ANNOUNCES DEBT SETTLEMENT

VANCOUVER, BC – February 1 8, 2021 – Gambier Gold Corp. ( TSX-V: GGAU) (the “Company”) is pleased to

announce that the Company has received approval from the TSX Venture Exchange to settle an agreement (the

“Debt Settlement”) with Rudolf Wahl an arm’s length creditor (the “Creditor”) to settle an aggregate of $25,000

in debt owed by the Company to the Creditor as previously announced February 17, 2021 . The Company confirms

that they have issued 150,000 common shares to the Creditor in full and final satisfaction of the Debt Settlement.

The securities issued in connection with the Debt Settlement will be subje ct to a statutory hold period of four

months and a day in accordance with applicable securities legislation.

ON BEHALF OF THE BOARD

Michael E. Schuss

President & CEO

For further information, please contact:

Gambier Gold Corp.

Phone: (604) 241-2254

E-mail: [email protected]

Website: www.gambier.gold

Forward-Looking Statement (Safe Harbor Statement): This press release contains forward looking statements

within the meaning of applicable securities laws. The use of any of the words “anticipate”, “plan”, “continue”,

“expect”, “estimate”, “objective”, “may”, “will”, “project”, “should”, “predict”, “potential” and similar expressions

are intended t o identify forward looking statements. In particular, this press release contains forward looking

statements concerning the Company’s exploration plans. Although the Company believes that the expectations

and assumptions on which the forward looking stat ements are based are reasonable, undue reliance should not

be placed on the forward looking statements because the Company cannot give any assurance that they will prove

correct. Since forward looking statements address future events and conditions, they involve inherent

assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to

a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to,

assumptions and risks associated with conditions in the equity financing markets, and assumptions and risks

regarding receipt of regulatory and shareholder approvals.

Management has provided the above summary of risks and assumptions related to forward looking statements in

this press release in order to provide readers with a more comprehensive perspective on the Company’s future

operations. The Company’s actual results, performance or achievement could differ materially from those

expressed in, or implied by, these fo rward looking statements and, accordingly, no assurance can be given that

any of the events anticipated by the forward looking statements will transpire or occur, or if any of them do so,

what benefits the Company will derive from them. These forward looking statements are made as of the date of

this press release, and, other than as required by applicable securities laws, the Company disclaims any intent or

obligation to update publicly any forward looking statements, whether as a result of new informatio n, future

events or results or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the

TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.