GCR Gespeg Resources Ltd

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR
DISSEMINATION IN THE UNITED STATES


GESPEG COPPER RESOURCES INC. (TSX VENTURE:GCR) (the "Company" or "Gespeg")
further to the Company's news release of April 4, 2014 announcing the closing of
the first tranche of a non-brokered private placement (the "Private Placement"),
Gespeg announces that three insiders, one of which is a control person, have
arranged a sale of 4,500,000 common shares of the Company at a price of $0.05
per common share. The Company expects that 2,500,000 common shares will close
through the facilities of the TSX Venture Exchange ("TSX-V") and the balance,
being 2,000,000 common shares, will close in private transactions. The proceeds
of these sales will be used by the insiders to purchase an equivalent dollar
amount of units in the Private Placement. Gespeg will issue a further news
release when it closes the Gypsy Swap Transaction. 


As a result of the proposed purchase of units contemplated above, Gespeg
anticipates that insiders may subscribe for greater than 25% of the Private
Placement. The issuance of shares to insiders pursuant to the Private Placement
is considered to be a related party transaction subject to TSX-V Policy 5.9 and
Multilateral Instrument 61-101. Gespeg intends to rely on exemptions from the
formal valuation and minority shareholder approval requirements provided under
section 5.5(a) and 5.7(a) of Multilateral Instrument 61-101 on the basis that
participation in the private placement by insiders will not exceed 25% of the
fair market value of Gespeg's market capitalization.


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


GESPEG COPPER RESOURCES INC. 

Sylvain Laberge 

President and CEO

FORWARD LOOKING INFORMATION 

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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Sylvain Laberge
President and CEO
514.380.5610
514.702.9841
Slaberge@gespegcopper.com

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