Mr. Anthony Cohen reports

GULF & PACIFIC EQUITIES CORP. REPORTS ON SECOND QUARTER RESULTS WITH REVENUE OF $1,072,388

Gulf & Pacific Equities Corp. had a 6.4-per-cent increase in revenues to $1,072,388 in the quarter ended June 30, 2023, from $1,007,691 at the same period last year.

Details of the six and three months financial results for fiscal 2023 and 2022, under international financial reporting standards (IFRS), as summarized in the associated table, are also available at SEDAR or on the company's website.

About Gulf & Pacific Equities Corp.

Gulf & Pacific Equities was incorporated under the laws of the Province of Alberta on April 8, 1998, and thereafter completed a public offering of common shares by prospectus dated June 26, 1998.

The company acquires, manages and develops anchored shopping malls in Western Canada's rural centres, particularly Alberta. Gulf & Pacific targets smaller, rapidly growing hub communities serviced with hospitals, high schools, police stations and retail service infrastructures. Management has consistently reinvested cash flow to improve and expand its portfolio of income properties.

Gulf & Pacific Equities owns three well-located retail assets in Three Hills, St. Paul, and Cold Lake, Alta.

We seek Safe Harbor.