GCR Gespeg Resources Ltd

GESPEG RESOURCES LTD. (TSX-V:GCR) (the “Company” or “Gespeg”) , announces the rectification of the purchase agreement (the "Agreement") with an arm's length party (the "Vendor"), to acquire a 100% undivided interest of 8 claims and not 9 claims as previously announced on June 23, 2020 in the Chibougamau Region. The terms of the Agreement will remain the same by paying the Vendor 200,000 shares.

The Davidson Project is now comprised of 41 claims situated south of the past producing Icon Mine, which historically produced 1,616,567 tonnes of 3.07% copper.  The property is adjacent to Route 167 north east of Chibougamau and has several known copper showings.

About Gespeg Resources Inc.: Gespeg is an exploration company with a focus in strategic and energy metals in the underexplored Gaspe and Chibougamau regions of Québec.  With a dedicated management team, the Company’s goal is to create shareholder value through the discovery of new deposits.

Bernard-Olivier Martel, P. Geo, the Company's Director of Exploration, is a qualified person (as such term is defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects) and has reviewed and approved the technical disclosure contained in this news release.

GESPEG RESOURCES LTD.

(signed) “Sylvain Laberge”

Sylvain Laberge President and CEO 514.702.9841slaberge@gespegcopper.com

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.