Gespeg Concludes Joint-Venture Agreement With J.A. MacLeod Exploration
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES NOR FOR DISSEMINATION IN THE UNITED STATESSASKATOON, Saskatchewan, March 25, 2020 (GLOBE NEWSWIRE) — GESPEG RESOURCES LTD. (TSX-V:GCR) (the “Company” or “Gespeg”) , is pleased to announce the signature of the agreement (the”Agreement”) with J.A. MacLeod Exploration Reg’d (the” J.A. MacLeod “). Gespeg will grant to J.A. MacLeod fifty percent (50%) undivided interest in the Davidson Project (the”Property”) in return J.A.MacLeod will pay a symbolic amount of $5000 and participated equally to all expenditure of exploration and development work on the Property. (see press release February 6th2020)Gespeg enters into this agreement with J.A.MacLeod to develop and work the Davidson Project and the Mitissini region for strategic and energy metals. Following the announcement of our LOI on February 6th, the Quebec Government and the Cree Nation signed the Grand Alliance to carry out an ambitious infrastructure plan in the Eeyou Istchee James Bay Territory (press release Grand Alliance). This alliance only confirmed that a partnership between a public exploration company and a private Cree Nation company was possible.Mr. Sylvain Laberge, President and CEO of Gespeg, remarks “We are pleased to participate with a well renown Cree Nation explorer and prospector Mr. Jim MacLeod and enter in this new era of partnership to develop the region. J.A. MacLeod team knowledge and expertise of the territory will bring a terrific value to our Company. It furthers our mandate and goal to explore underexplored regions and expend our knowledge to the Chibougamau/Mistissini Regions.“ About Gespeg Copper Resources Inc.: Gespeg is an exploration company with a focus in strategic and energetic metals and underexplored regions “Gaspé, Chibougamau 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
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