GSP Targets New High-Grade Gold Discovery Leveraging Existing Copper Resources at Alwin Mine Property

(TheNewswire)

Vancouver, British Columbia –February 24, 2025 – TheNewswire - GSP Resource Corp. ( TSX-V: GSPR / FSE: 0YD / OTC:GSRCF ) (the “ Company ” or “ GSP ”) provides anoverview of planned follow up to the recent High-Grade Gold Discoverymade at the 100% owned Alwin Mine Project in Southwestern BritishColumbia (please see summary news release dated February19 th , 2025).  The recently completed drilling marked a seachange for the Alwin Mine Project with the discovery of high-gradegold values in step-out hole AM-24-06 that yielded 5.04 grams-per-tonne (g/t) Gold (Au) and1.01% Copper (Cu) Over 7.90 metres (m); including 22.93 g/t Au and1.82% Cu Over 1.64 m 1 . With analysis of the recent drill results now completed, GSPannounces additional high-grade gold drill targets are planned for2025.

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. The new discovery within west-side step-out drill hole AM-24-06 at a depth40 m below the current resource pit shell presents an opportunity toaugment existing open pit and underground mineable copper resourceswith high-grade gold values.

Significantly, high-grade gold values in AM-24-06 occur in a 1.64 m core width interval, which includes an individual sample of 0.84 m assaying 35.1 g/t Au(1.02 oz/ton) , within the interpretedhangingwall of a broader 7.9 mcore width copper-gold-silver zone 3 .

The occurrence of high-grade gold values, below thevertical projection of existing “3 Zone” modelled copper resources,affirms the Company’s belief that these two contrastingmineralization styles are structurally and genetically linked, and canbe successfully targeted within the context of the current Alwin Minegeological model.  Additionally, the Alwin high-grade goldmineralization is visually distinct from the broader copper zones andis marked by the presence of intense texturally destructive blackchlorite-sericite alteration.

For the 2025 explorationseason , GSP is planning an initial phase ofdrilling designed to infill and potentially expand the footprint ofimportant high-grade gold mineralization with AM-24-06 .  Thedrilling is designed to test both laterally and vertically beyond AM-24-06 to provide additional intercepts to confirm the structural setting, aswell to extend the depth of drill holes to test additional modelledcopper lodes within the structural footwall to the north that areequally as prospective ( Figure1 ).

The 2025 exploration season is also expected to pursueadditional targets adjacent to the Alwin Open Pit Resource area aswell as near other mineral showings on the Property.  The upcomingexploration work is subject to financing and market conditions and theCompany’s board of directors’ discretion. GSP expects to announce further exploration plans to delineateadditional precious metal and polymetallic exploration targets overthe coming months approaching the Spring and Summer field season.

Simon Dyakowski, CEO of GSPcommented , “The discovery of high-grade goldmineralization represents a unique opportunity to re-frame the AlwinMine Project in the context of its potential to host broader copperplus gold-silver resources.  The resource expansion potentialrepresented by these high-grade gold zones in the context of potentialcopper equivalence, if we can establish geologic continuity, cannot beunderstated.”

Figure 1: AlwinMine Planned High-Grade Gold Target
Click Image To View Full Size

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 4 .

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 Project, thepotential presence of high-grade gold mineralization at the AlwinProject, further evaluation of gold mineralization at the AlwinProject, other statements relating to the technical, financial andbusiness prospects of the Company, its projects and othermatters . All statements inthis news release, other than statements of historical facts, thataddress events or developments that the Company expects to occur, areforward-looking statements. Although the Company believes theexpectations expressed in such forward-looking statements are based onreasonable assumptions, such statements are not guarantees of futureperformance and 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. 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 of counterparties to perform theircontractual obligations. The Company does notundertake to update forward?looking statements or forward?lookinginformation, except as required by law.

1 See GSP Resource Corp. news release dated January 16,2025

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 The estimated true widthof mineralization is approximately 75% of the drilled width

4 See GSP Resource Corp. news release dated December 4,2024

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