Gespeg Announces Effective Date of Consolidation of Shares

GESPEG RESOURCES LTD. (TSX-V: GCR)

(the “

Company

” or “

Gespeg

”) Gespeg announces, further to its news release of October 31, 2019, the Company will consolidate its issued and outstanding common shares in the capital of the Company (the “

Shares

”) on a five (5) pre-consolidated Shares for one (1) post-consolidated Share basis (the “

Consolidation

”).

The Company’s post Consolidation Shares are expected to begin trading on the TSX Venture Exchange on or about December 31, 2019. The stock symbol will remain unchanged.  The new CUSIP is 37425P202 and the new ISIN is CA37425P2026.

About Gespeg Resources Ltd.: Gespeg is an exploration company with a focus in an underexplored region “Gaspé, Québec”. With a dedicated management team, the Company’s goal is to create shareholder value through the discovery of new deposits.

For more information:

Sylvain Laberge President and CEO

514-702-9841  [e-mail]

GESPEG RESOURCES LTD.

(signed) “Sylvain Laberge”

Sylvain Laberge President and CEO [e-mail]

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.