GSP Commences Geophysical Survey at Alwin Mine Property

(TheNewswire)

Vancouver, British Columbia – TheNewswire - June 24, 2025: GSPResource Corp. ( TSX-V: GSPR /FSE: 0YD / OTC:GSRCF ) (the “ Company ” or “ GSP ”) announces ithas commenced an NSAMT (natural-source audio-frequencymagneto-telluric) geophysical survey at the Alwin Mine Property.  Thesurvey is the first property-wide geophysical survey conducted atAlwin Mine Property in nearly 20 years.

The NSAMT survey is expected to explore the presence ofdeep seated conductive/resistive features beneath the Property and theshallow Copper-Gold-Silver open pit and underground resource.  Thesebodies could indicate the presence of Porphyry style mineralization. The Alwin Project has significant exploration upside with thepotential to grow open pit mineralization along strike and at depth aswell as several underexplored porphyry style copper targetshosted.

Publicly available exploration data from TeckResource’s Highland Valley Copper (“HVC”) adjacent claims showsthat historic IP anomalies coincident with HVC operations andexploration drill targets extend westward onto the Alwin claims. Notably, 2015 diamond drilling of these IP anomalies by TeckResources at the Bethsaida Zone located 700 meters east of Alwinyielded significant intercepts of porphyry style coppermineralization 1 (see Figure 1below).

Figure 1: Plan Mapof Alwin Project and HVC IP anomalies / Drilling

Click Image To View Full Size

2025 Exploration Plans:

GSP’s 2025 Alwin and Mer exploration strategycommences with the Alwin Property NSAMT survey.  The 2025 explorationseason is also expected to pursue additional targets adjacent to theAlwin Open Pit Resource area as well as near other mineral showings onthe Property.  Drill permitting for the Mer Property commenced in thefirst quarter of the year and is progressing.

The Alwin Project currently hosts an inferred mineralresource comprising 1.46million tonnes (Mt) tonnes, at an average grade of 1.08% Cu, yielding34.6 million pounds of Cu 2 . Potentially significant silver and gold values have long been knownat Alwin, however a lack of historic assays for these metals prior todrilling by GSP has precluded their inclusion in resource estimation.

Additional upcoming exploration work is subject tofinancing and market conditions and the Company’s board ofdirectors’ discretion.  GSP expects to announce further explorationplans to delineate additional precious metal and polymetallicexploration targets over the coming weeks.

Options Grant:

GSP also announces it has granted an aggregate of2,050,000 stock options to consultants, management, and directors ofthe Company.  The stock options are exercisable to acquire commonshares at an exercise price of $0.10 per common share for a term offive years and vesting immediately, pursuant to the terms of theCompany’s stock option plan.

About the Alwin Mine Project

The Alwin Mine Copper-Silver-Gold property isapproximately 344 hectares and is located on the semi-arid, interiorplateau in south-central British Columbia.  The historic undergroundmine was developed over 500 m long by 200 m wide by 300 m deep.Production took place between 1916 to 1981 from five major subverticalhigh-grade copper mineralization zones totaling 233,100 tonnes thatmilled 3,786 tonnes of copper, 2,729 kilograms of silver and 46.2kilograms of gold. The average diluted head grade was 1.5% copper.

The Alwin Project hostsa current inferred mineral resource comprising 1.46 million tonnes(Mt) tonnes, at an average grade of 1.08% Cu, yielding 34.6 millionpounds of Cu 3 .

The Alwin Project is adjacent with the western boundaryof Teck Resources’ Highland Valley Mine, the largest open-pitporphyry copper-molybdenum mine in western Canada.  Alteration andmineralization of the Highland Valley hydrothermal system extendswestward from the Highland Valley mine onto the Alwin Project (seeGSP’s news release dated January 30, 2020).

Qualified Person: The scientific and technical information contained in thisnews release has been reviewed and approved by Kristopher J. Raffle,P.Geo. (B.C.), principal and consultant of APEX Geoscience Ltd. ofEdmonton, AB, a consultant to the Company and a “qualified person”as defined in National Instrument 43-101 — Standards of Disclosure for MineralProjects . Mineralizationhosted on nearby properties is not necessarily indicative ofmineralization that may be hosted on the Alwin Project.

About GSP Resource Corp.

GSP Resource Corp. is a mineral exploration &development company focused on projects located in SouthwesternBritish Columbia.  The Company owns 100% interest and title to theAlwin Mine Copper-Gold-Silver Property, and the Mer Property, in theKamloops Mining Division, as well as a 100% interest and title to theOlivine Mountain Property in the Similkameen Mining Division, of whichit has granted an option to earn a 60% interest to a thirdparty .

For more information, pleasecontact:

Simon Dyakowski, Chief Executive Officer &Director

Tel: +1 (604) 619-7469

Email: simon@gspresource.com

Neither the TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release.

Forward-Looking Information

This news release contains “forward?lookinginformation or statements” within the meaning of applicablesecurities laws, which may include, without limitation, completing planned work, advancing the Alwin and MerProjects, the potential presence of copper, gold, silver andpolymetallic mineralization at the Alwin Project, further evaluationof copper, gold, silver, and polymetallic mineralization at the Alwinand Mer Projects, other statements relating to the technical,financial and business prospects of the Company, its projects andother matters . Allstatements in this news release, other than statements of historicalfacts, that address events or developments that the Company expects tooccur, are forward-looking statements. Although the Company believesthe expectations expressed in such forward-looking statements arebased on reasonable assumptions, such statements are not guarantees offuture performance and actual results may differ materially from thosein the forward-looking statements. Such statements and information arebased on numerous assumptions regarding present and future businessstrategies and the environment in which the Company will operate inthe future, including the price of metals, the ability to achieve itsgoals, that general business and economic conditions will not changein a material adverse manner, that financing will be available if andwhen needed and on reasonable terms. Suchforward-looking information reflects the Company’s views withrespect to future events and is subject to risks, uncertainties andassumptions, including the risks anduncertainties relating to the interpretation of exploration results,risks related to the inherent uncertainty of exploration and costestimates and the potential for unexpected costs and expenses, and those filed under the Company’s profile onSEDAR+ at www.sedarplus.ca. Factors that couldcause actual results to differ materially from those in forwardlooking statements include, but are not limited to, continuedavailability of capital and financing and general economic, market orbusiness conditions, adverse weather or climate conditions, failure tomaintain or obtain all necessary government permits, approvals andauthorizations, failure to obtain or maintain community acceptance(including First Nations), decrease in the price of copper, gold,silver and other metals, increase in costs, litigation, and failure ofcounterparties to perform their contractual obligations. The Company does not undertake to update forward?lookingstatements or forward?looking information, except as required bylaw.

1 Mineralization hosted onnearby properties is not necessarily indicative of mineralization thatmay be hosted on the Alwin Project.

2 Independent NI 43-101 Technical Report Alwin Copper-SilverGold Project, with an effective date of September 16, 2024, andprepared by Apex Geoscience Ltd. is filed under the GSP Resource Corp.Issuer Profile SEDAR+ (www.sedarplus.com)

3 Independent NI 43-101 Technical Report Alwin Copper-SilverGold Project, with an effective date of September 16, 2024, andprepared by Apex Geoscience Ltd. is filed under the GSP Resource Corp.Issuer Profile SEDAR+ (www.sedarplus.com)

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