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Sustainable Petroleum Group Becomes Sustainable Projects Group

NAPLES, Florida, October 26, 2017 /PRNewswire/ --

Sustainable Petroleum Group Inc. (the "Company") (OTCQB: SPGX) is pleased to announce that the Company will become Sustainable Projects Group Inc. effective today.

Following a string of acquisitions and recent projects, the scope of operations has expanded significantly, leading to a more inclusive name for the Company.

"Through our expanded investment focus and business opportunities, we felt that a name change to Sustainable Projects better reflects the company's mission for the future," stated Christian Winzenried, CEO of Sustainable Projects Group Inc.

At this time, the Company is invested in a range of natural resources projects beyond its initial focus on oil and gas, with plans to significantly add to the portfolio over the coming years under the new brand of Sustainable Projects Group Inc.

About Sustainable Projects Group Inc.

SPGX as a member of SP Group is positioned to become a world-leading natural resources holding and development company through value-based investments and collaborative partnerships with global leaders across the natural resources sector.

SP Group has initiated its goals by pursuing investment and partnerships with some of the most diversified and integrated companies available on the market.

On behalf of Sustainable Projects Group Inc.

Christian Winzenried

Chief Executive Officer

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This press release contains statements that plan for or anticipate the future, called "forward-looking statements." In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of those terms and other comparable terminology.

These forward-looking statements appear in a number of places in this press release and include, but are not limited to, statements about: our market opportunity; revenue generation; our strategies; competition; expected activities and expenditures as we pursue our business plan; the adequacy of our available cash resources; our ability to acquire assets or projects on commercially viable terms; challenges to our title to our assets; operating or technical difficulties in connection with our development activities; currency fluctuations; and governmental regulations.

Many of these contingencies and uncertainties can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Forward-looking statements are not guarantees of future performance. All of the forward-looking statements made in this press release are qualified by these cautionary statements. Specific reference is made to our most recent annual report on Form 10-KSB and other filings made by us with the United States Securities and Exchange Commission for more detailed discussions of the contingencies and uncertainties enumerated above and the factors underlying the forward-looking statements. These reports and filings may be inspected and copied at the Public Reference Room maintained by the U.S. Securities and Exchange Commission at 100 F Street, N.E., Washington, D.C. 20549. You can obtain information about operation of the Public Reference Room by calling the U.S. Securities and Exchange Commission at 1-800-SEC-0330. The U.S. Securities and Exchange Commission also maintains an Internet site that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the U.S. Securities and Exchange Commission at http://www.sec.gov .

We disclaim any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except to the extent required by applicable laws.

This press release is for informational purposes only and is not and should not be construed as an offer to solicit, buy, or sell any security.

For further information, please contact us.

Sustainable Projects Group Inc.

2316 Pine Ridge Road, #383
Naples, FL 34109
E-mail: info@spgroupe.com
Phone: +1-239-316-4593

SOURCE Sustainable Petroleum Group Inc.