Mr. Simon Dyakowski reports

GSP RESOURCE CORP. ANNOUNCES EXTENSION OF WARRANTS

GSP Resource Corp., subject to the approval of the TSX Venture Exchange, will extend the expiry date of certain outstanding share purchase warrants of the company.

A total of 1,512,500 share purchase warrants were originally issued by the company pursuant to the closing of a private placement on Dec. 28, 2022. As issued, each warrant entitles the holder to purchase one common share of the company at a price of 15 cents per share until Dec. 28, 2023. A total of 62,500 warrants have been exercised to date, such that 1.45 million warrants remain outstanding.

The company is seeking the approval of the exchange to extend the expiry date of the warrants to Dec. 28, 2024. All other terms and conditions of the warrants will remain the same.

About GSP Resource Corp.

GSP Resource is a mineral exploration and development company focused on projects located in southwestern British Columbia. The company has an option to acquire a 100-per-cent interest and title to the Alwin mine copper-gold-silver property in the Kamloops mining division, as well as an option to acquire 100-per-cent interest and title to the Olivine Mountain property in the Similkameen mining division, of which it has granted an option to earn a 60-per-cent interest to a third party.

We seek Safe Harbor.