Gespeg Copper Resources Announces the Nomination of Mr. Bernard Olivier (B.O.) Martel to Vice-President Exploration and Sylvain Laberge to Vice-President and COO

SASKATOON, SASKATCHEWAN--(Marketwire - Oct. 16, 2012) - Gespeg Copper Resources Inc. (the "Company" or "GESPEG") (TSX VENTURE:GCR) is pleased to announce the appointment of Mr. Bernard Olivier Martel as Vice-President Exploration and Mr. Sylvain Laberge as Vice-President and Chief Operating Officer.

B.O. Martel graduated from the University of Quebec in Montreal, in 1999. He is a member of the Order of Quebec Geologists and acts as a Qualified Person under Canadian standard 43-101.His experience includes government services, engineering, and geological and mineral exploration. Prior to and following his graduation, he worked on various mapping projects for the Department of Natural Resources of Quebec. Subsequently, as a founding member of an engineering laboratory, he became an expert specializing in pyritic backfill, and mitigation of negative impacts on foundations. Since 2004, he has worked exclusively within the Quebec and Ontario mining community as a consulting geologist for various exploration companies. As the geologist for Threegold Resources Inc. (TSX VENTURE:THG) Mr. Martel was responsible for exploration on projects in the Gaspésie region and acquired the requisite knowledge and expertise essential to understanding mineral exploration in this region.

After obtaining a degree at College Lasalle in Montreal, Mr. Sylvain Laberge entered the sales profession where he spent 11 years specialising in Hotels and Hospital supplies. Subsequently, in 1999 he joined Renmark Financial Communications, where he was named Vice-President, consulting and acting as an aid to emerging companies, among them primarily mining companies. Having an entrepreneurial spirit and a wealth of knowledge and expertise about the industry, Mr. Laberge founded S.D.N.L. Financial Communication in 2007, and since has acted as President. Mr. Laberge first joined Gespeg Copper as a consultant in early 2012.

Mr Victor Goncalves President and CEO stated: Gespeg Copper and I are pleased with these new additions. Mr. Martel and Mr. Laberge bring significant and relevant experience to this new company that will be beneficial to our shareholders.

About Gespeg Copper: Gespeg Copper is dedicated to creating shareholder wealth through the discovery of new copper deposits in the underexplored region of Gaspé, Québec, Canada.

The Gaspé Peninsula is a prolific copper district, having hosted the historic Noranda Mines camp, in operation from 1950 to 1999. The grades produced from this mine were among the highest mined to date.

This news release contains certain statements that may be deemed "forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Gespeg Copper believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or realities may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Gespeg Copper management on the date the statements are made. Except as required by law, Gespeg Copper undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.