C.D.R. Development Inc. ("CDR") announced today that between December 30, 2013
and May 26, 2014 it acquired an additional 240,000 common shares ("Common
Shares") in the capital Gulf & Pacific Equity Corp. ("Gulf") which increased
their aggregate holdings of Gulf to 1,961,871 Common Shares, representing
approximately 21.58% of the issued and outstanding Common Shares.


CDR is currently the registered owner of the Shares. The shareholders of CDR are
Mr. Dwayne Ross and Mrs. Cynthia Ross, and, in their capacity as shareholders,
may be deemed to exercise control and direction over the Shares.


CDR will be filing a report (as contemplated by National Instrument 62-103 - The
Early Warning System and Related Take-Over Bid and Insider Reporting Issues) in
connection with the recent acquisitions of Shares. A copy of the report may be
obtained from SEDAR (www.sedar.com) or without charge from CDR at the address
listed below. Nothing in this press release or in the filing of the
above-mentioned report is an admission that any entity named in the report is a
joint actor with another named entity.


FOR FURTHER INFORMATION PLEASE CONTACT: 
C.D.R. Development Inc.
Dwayne Ross
P.O. Box 794, Provost, Alberta T0B 3S0
(780) 753-2097
(780) 753-6025 (FAX)
cdrdwayn@telus.net
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