Mr. Simon Dyakowski reports

GSP RESOURCE CORP. CORPORATE UPDATE

GSP Resource Corp.'s Mer project permitting process has resumed following the resolution of the BCGEU (British Columbia General Employees' Union) strike action. The company announced on March 3, 2025, that it prepared a draft five-year multiyear area-based (MYAB) permit application in preparation for submission to the British Columbia Ministry of Mining and Critical Metals (BC MMCM) with respect to the Mer property in the Highland Valley copper camp of British Columbia.

The Mer application was submitted on May 6, 2025, and was subject to BC MMCM review and revised Aug. 21, 2025, prior to initiation of the broader government referral period projected to be Aug. 25, 2025, through Sept. 25, 2025.

The Mer property comprises 185 hectares in the Kamloops mining division, located approximately 1.5 kilometres northwest of GSP's Alwin mine project, and is surrounded by Teck Resources Ltd.'s Highland Valley copper claim group directly west and south of the Highland Valley copper mine's active operations. Mineralization present within Teck Resources' Highland Valley operations is not necessarily indicative of GSP Resources' properties. The Mer property hosts a copper exploration target zone located northwest of the company's Alwin mine high-grade copper-silver-gold target zone.

The permit application describes the details of an initial year 1 diamond drilling program, followed by permitting sufficient surface disturbance to support anticipated expansion diamond drilling within the following four years of the permit. The property is well accessed through existing logging roads that traverse the proposed drilling area, where prior logging activities and excavator trenching has exposed a zone of copper mineralization at surface.

About the Mer claims

The Mer claims were the subject of intensive exploration by the Cleveland Mining & Smelting Co. Ltd. between the years 1965 and 1971. During that time, exploration within the current Mer and surrounding claims now held by Teck Highland Valley Copper Corp. comprised geochemical and induced polarization/resistivity geophysical surveys, geologic mapping, bulldozer trenching, completion of 16 percussion drill holes totalling 610 metres, and a single 150-metre diamond drill hole targeting the Mer showing.

Percussion and diamond drilling were reported to define a 70-metre-by-120-metre, northeast-trending porphyry copper-molybdenum zone characterized by disseminated chalcocite, chalcopyrite, bornite and molybdenite mineralization and associated biotite and sparse potassic alteration.

At the Mer showing, historical percussion drill holes 1, 3, 15 and 16, forming a 70-metre-by-40-metre diamond pattern in plan returned values of nine metres averaging 0.47 per cent copper, 30 metres averaging 0.53 per cent copper, 15 metres averaging 0.50 per cent copper and 21 metres averaging 0.51 per cent copper. All drill holes are assumed to be vertical, and the true width of mineralization it unknown. respectively, commencing at downhole depths ranging from six to 18 metres.

A single diamond drill hole was centred on the percussion drill holes and intersected a zone of chalcocite mineralization within biotite and potassic altered granodiorite intrusive rocks averaging 0.29 per cent copper over 24 metres from a downhole depth of nine metres. The zone of mineralization remains open to the north and west.

No significant exploration has been reported within this project since the initial work programs ended in the early 1970s. Given the presence of drill confirmed porphyry copper-molybdenum mineralization, a location six kilometres west of the Valley pit at Teck Resources' Highland Valley copper operations, and its position with the Chataway and Guichon granodiorite phases of the Guichon batholith the Mer project is a high priority for follow-up exploration.

The company also announces that it entered into a consulting services agreement dated Oct. 31, 2025, with GRA Enterprises LLC, pursuant to which GRA will provide the company with marketing and communications services for a six-month term. The services provided by GRA will include the production and publication of investor bulletins, distribution of investor bulletins to the GRA's e-mail list, and posts through GRA's blogs and social media accounts to build investor awareness of GSP.

The company has agreed to pay GRA a fee of $60,000 (U.S.) in two instalments. GRA is an arm's-length party to the company, and, to the company's knowledge, GRA does not currently own any securities of the company as at the date hereof. There are no performance factors contained in the agreement between GRA and the company and GRA, nor will any of its affiliates receive any shares or options from the company as compensation for services under the agreement.

Qualified person

The scientific and technical information contained in this news release has been reviewed and approved by Kristopher J. Raffle, PGeo (British Columbia), principal and consultant of Apex Geoscience Ltd. of Edmonton, Alta., a consultant to the company and a qualified person as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects. Mr. Raffle has verified the data disclosed, which include a review of the sampling, analytical and test data underlying the information and opinions contained herein. Mineralization hosted on nearby properties is not necessarily indicative of mineralization that may be hosted on the Alwin property.

About GSP Resource Corp.

GSP Resource is a mineral exploration and development company focused on projects located in southwestern British Columbia. The company owns 100-per-cent interest and title to the Alwin copper-gold-silver mine property and the Mer property in the Kamloops mining division as well as a 100-per-cent interest and title to the Olivine Mountain property in the Similkameen mining division.

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