Gambier GOLD Corp. Announces Private Placement Closing

NEWS RELEASE

GAMBIER GOLD CORP. ANNOUNCES PRIVATE PLACEMENT CLOSING

VANCOUVER, BRITISH COLUMBIA – September 14, 2020: Gambier Gold Corp . (“Gambier or the “ Company”)

(TSX-V: GGAU ) announces that the Company the closing of its non -brokered private placement announced

June 4, 2020 and updated July 27, 2020.

On closing the Company issued 3,793,400 units at a price of $0.06 per Unit for gross proceeds of $227,604. Each

Unit was comprised of one common share and one-half of one transferable share purchase warrant. Each whole

warrant entitles the holder to purchase one common share of the Company at a price of $0.15 per share for three

(3) years from closing of the private placement.

Net proceeds from the Offering will be used for exploration at its Hemlo (Ontario) and Urban Barry (Québec) gold

projects. Specifically, $40,000 of the proceeds will be used to directly pay for the Detour West acquisition.

The shares and any shares that are issu ed pursuant to the exercise of the warrants are subject to a four -month

and one-day hold period from the closing of the private placement.

ON BEHALF OF THE BOARD

Michael Schuss, President & CEO

“Michael Schuss”

Canadian Energy Materials Corp.

Michael E. Schuss

President & CEO

Phone: 604.241.2254

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.