Mr. Simon Dyakowski reports

GSP RESOURCE CORP. ANNOUNCES WARRANT REPRICING

GSP Resource Corp., subject to certain conditions and the approval of the TSX Venture Exchange, intends to reprice certain share purchase warrants of the company originally issued on June 19, 2023.

A total of 3,000,000 share purchase warrants (the "Warrants") were originally issued by the Company pursuant to the closing of a private placement on June 19, 2023 (see GSP's news release dated June 19, 2023). As issued, each Warrant entitles the holder to purchase one common share of the Company at a price of $0.20 per common share for a period of thirty-six months from the date of issuance. No Warrants have been exercised to date.

The Company is seeking the approval of the Exchange to reduce the exercise price of the Warrants to $0.12 per common share. All other terms of the Warrants will remain the same. Insiders of the Company hold an aggregate of 150,000 Warrants.

The proposed amendment to reprice the Warrants is subject to the approval of the Exchange.

About GSP Resource Corp.: GSP Resource Corp. is a mineral exploration & development company focused on projects located in Southwestern British Columbia. The Company has an option to acquire a 100% interest and title to the Alwin Mine Copper-Gold-Silver Property in the Kamloops Mining Division, as well as an option to acquire 100% interest and title to the Olivine Mountain Property in the Similkameen Mining Division, of which it has granted an option to earn a 60% interest to a third party.

We seek Safe Harbor.