Gambier GOLD Corp. Provides Update ON Annual Financial Filings

NEWS RELEASE

GAMBIER GOLD CORP. PROVIDES UPDATE ON ANNUAL FINANCIAL FILINGS

VANCOUVER, BRITISH COLUMBIA - July 28, 2020: Gambier Gold Corp. (“Gambier or the “ Company”) (TSX-V:

GGAU) announces that the Company will be relying on relief granted by the British Columbia Securities

commission (“ BCSC”) under BC Instrument 51 -515 (“ BCI 51 -515”) for temporary exemption from certain

continuous disclosure requirements due to the challenges created by COVID -19. A copy o f the temporary

exemption granted by the BCSC in response to the COV ID-19 Pandemic can be found at:

https://www.bcsc.bc.ca/about/media-room/news-releases/2020/50-temporary-relief-from-certain-regulatory-

filings-available-to-registrants-and-unregistered-capital-markets-participants-due-to-covid19

The Company will delay the following annual filings, which would otherwise be due on July 29, 2020 and are now

expected to be filed no later than (September 11, 2020):

• Audited Annual Financial Statements for the year ended March 31, 2020;

• Management Discussion and Analysis for the year ended March 31, 2020;

• Annual Certification of Filings – CEO; and

• Annual Certification of Filings – CFO.

collectively (the “Filings”)

Until the Company has completed the Filings, all management and other insiders are subject to share trading and

black-out policy that reflect the principals in Section 9 of National Policy 11-207 Failure-to-File Cease Trade Orders

and Revocations in Multiple Jurisdictions.

Gambier anticipates the annual financial statements for the period ending March 31, 2020 will be filed no later

than the date due being September 11, 2020.

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.