GSP Defines New Porphyry Copper Drill Targets and Prepares to Submit Drill Permit Application for Mer Property

(TheNewswire)

• Historic exploration work discoveredshallow copper mineralization

• Historic shallow drilling included30m averaging 0.53% Cu and 21m averaging 0.51% Cu

• High priority for follow upexploration during upcoming field season

News Release - Vancouver, BritishColumbia – TheNewswire - March 13, 2025: GSP Resource Corp. ( TSX-V: GSPR / FSE: 0YD / OTC:GSRCF ) (the “ Company ” or “ GSP ”) announcesthat it is nearing completion of a draft 5-year multi-year area based(MYAB) permit application in preparation for submission to the BritishColumbia Ministry of Mining and Critical Metals (“BC MMCM”) andreview by relevant First Nation’s groups with respect to the MerProperty in the Highland Valley Copper Camp of British Columbia.

The Mer Property comprises 185 hectares in the KamloopsMining Division, located approximately 1.5 km NW of GSP’s Alwin MineProject and are surrounded by Teck Resource’s Highland Valley Copperclaim group directly west and south of the Highland Valley CopperMine’s active operations 1 ( Figure 1 ).  The Mer Property hosts a copper exploration target zonelocated NW of the Company’s Alwin Mine High grade copper-silver-goldtarget zone.

The permit application is expected to describe thedetails of an initial year-one diamond drilling program, followed bypermitting of sufficient surface disturbance to support anticipatedexpansion diamond drilling within the following four years of thepermit. The Property is well accessed via existing logging roads thattraverse the proposed drilling area where prior logging activities andexcavator trenching has exposed a zone of copper mineralization atsurface ( Figure 2 ).

About the Mer Claims:

The Mer Claims were the subject of intensiveexploration by the Cleveland Ming & Smelting Co. Ltd. between theyears 1965 and 1971.  During that time exploration within the currentMer and surrounding claims now held by Teck Highland Valley CopperCorporation comprised geochemical and IP/resistivity geophysicalsurveys, geologic mapping, bulldozer trenching, completion of 16percussion drill holes totaling 610 metres (m), and a single 150 mdiamond drill hole targeting the Mer showing.

Percussion and diamond drilling were reported to definea 70 x 120 metre northeast trending porphyry copper-molybdenum zonecharacterized by disseminated chalcocite, chalcopyrite, bornite andmolybdenite mineralization and associated biotite and sparse potassicalteration.

At the Mer showing, historical percussion drill holes1, 3, 15, and 16, forming a 70 x 40 m diamond pattern in plan returnedvalues of 9 m averaging 0.47%copper (Cu); 30 m averaging 0.53% Cu; 15 m averaging 0.50% Cu; and 21m averaging 0.51% Cu 2 respectively, commencing at downhole depths ranging from 6to 18 m.

A single diamond drill hole was centered on thepercussion drill holes and intersected a zone of chalcocitemineralization within biotite and potassic altered granodioriteintrusive rocks averaging 0.29% Cu over 24 m from a downhole depth of 9m.  The zone of mineralization remains open to the north andwest.

No significant exploration has been reported withinthis project since the initial work programs ending in the early1970’s. Given the presence of drill confirmed porphyrycopper-molybdenum mineralization, a location 6 kilometers west of theValley Pit at Teck Resource Limited’s Highland Valley CopperOperations, and its position with the Chataway and Guichongranodiorite phases of the Guichon Batholith the Mer Project is a highpriority for follow up exploration.

Figure 1: Mer and Alwin Mine Claims– Highland Valley Copper Camp

Click Image To View Full Size

Figure 2: Mer Proposed DrillingOblique View Looking North

Click Image To View Full Size

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 . Mr. Raffle has verified the datadisclosed, which includes a review of the sampling, analytical andtest data underlying the information and opinions containedherein. Mineralization hosted on nearbyproperties is not necessarily indicative of mineralization that may behosted on the Alwin property.

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 and Mer Properties in the Kamloops Mining Division, as wellas a 100% interest and title to the Olivine Mountain Property in theSimilkameen Mining Division, of which it has granted an option to earna 60% interest to a third party .

Contact Information:

Simon Dyakowski, Chief Executive Officer &Director

Tel: (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 , carrying out future exploration work on the Company’sprojects including the Mer Claims, obtaining drill permits for the MerClaims, other statements relating to the technical, financial andbusiness prospects of the Company, its projects and othermatters . All statements in this news release,other than statements of historical facts, that address events ordevelopments that the Company expects to occur, are forward-lookingstatements. Although the Company believes the expectations expressedin such forward-looking statements are based on reasonableassumptions, such statements are not guarantees of future performanceand actual results may differ materially from those in theforward-looking statements. Such statements and information are basedon 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. Such forward-looking informationreflects the Company’s views with respect to future events and issubject to risks, uncertainties and assumptions, including the risks and uncertainties relating to theinterpretation of exploration results, risks related to the inherentuncertainty of exploration and cost estimates and the potential forunexpected costs and expenses, and those filedunder the Company’s profile on SEDAR+ at www.sedarplus.ca. Factors that could cause actual results todiffer materially from those in forward looking statements include,but are not limited to, continued availability of capital andfinancing and general economic, market or business conditions, the ability to manage workingcapital adverse weather or climate conditions,failure to obtain or maintain all necessary government permits,approvals and authorizations, failure to obtain or maintain communityacceptance (including First Nations), decrease in the price of copper,gold, silver and other metals, increase in costs, litigation, andfailure of counterparties to perform their contractualobligations. The Company does not undertake toupdate forward?looking statements or forward?looking information,except as required by law.

1 Mineralization presentwithin Teck Resources Highland Valley Operations is not necessarilyindicative of GSP Resources Corp. properties.

2 All drill holes areassumed to be vertical, and the true width of mineralization itunknown.

Copyright (c) 2025 TheNewswire - All rights reserved.