Mr. Sylvain Laberge reports

GESPEG CLOSES FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

Gespeg Copper Resources Inc. has completed the first tranche of its private placement and has raised gross proceeds of $94,000. The first tranche closing consisted of 733,333 units at a price of six cents per unit. Each unit consists of one common share in the capital of the company and one-half of one share purchase warrant. Each full warrant will entitle the holder to purchase one share at a price of 10 cents exercisable until Oct. 17, 2020, and 624,750 flow-through shares at eight cents. A finder's fee will be paid to Raymond James Ltd. for the amount of $2,940 and 37,188 broker warrants issued at a price of 10 cents exercisable until April 17, 2019. The company anticipates a second closing in October, 2017.

The proceeds of this first tranche will be for the drilling program on the Tetrault 1, Tetrault 2 and Anacon Lead 2 tailings projects situated in the Notre-Dame de Montauban region.

Dr. Vincent Jourdain of MRB & Associates has been retained to execute the National Instrument 43-101 report. Dr. Jourdain already executed the NI 43-101 report on Anacon 1 tailing project in 2012. Dr. Jourdain has done his master's degree and a PhD on the Montauban deposit and also worked several years for different mining companies in the sector.

About Gespeg Copper Resources Inc.

Gespeg is an exploration company with a focus on copper, especially in a grossly underexplored region -- Gaspe in Quebec. With a dedicated management team, the company's goal is to create shareholder wealth through the discovery of new deposits.

We seek Safe Harbor.