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GSP Resource Corp. Corporate Update

News Release - Vancouver, British Columbia - October 31, 2025: GSP Resource Corp. (TSX-V: GSPR / FSE: 0YD / OTC: GSRCF) (the "Company" or "GSP") announces that its Mer project permitting process has resumed following the resolution of the BCGEU strike action. The company announced on March 3, 2025 that it prepared a draft 5-year multi-year 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 August 21, 2025, prior to initiation of the broader government referral period projected to be August 25, 2025, through September 25, 2025.

The Mer Property comprises 185 hectares in the Kamloops Mining Division, located approximately 1.5 km NW of GSP's Alwin Mine Project and are surrounded by Teck Resource'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 Corp. properties.

(Figure 1). The Mer Property hosts a copper exploration target zone located NW of the Company's Alwin Mine High grade copper-silver-gold target zone.

The permit application describes the details of an initial year-one 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 via 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 (Figure 2).

About the Mer Claims:

The Mer Claims were the subject of intensive exploration by the Cleveland Ming & 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 Corporation comprised geochemical and IP/resistivity geophysical surveys, geologic mapping, bulldozer trenching, completion of 16 percussion drill holes totaling 610 metres (m), and a single 150 m diamond drill hole targeting the Mer showing.

Percussion and diamond drilling were reported to define a 70 x 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 x 40 m diamond pattern in plan returned values of 9 m averaging 0.47% copper (Cu); 30 m averaging 0.53% Cu; 15 m averaging 0.50% Cu; and 21 m averaging 0.51% Cu All drill holes are assumed to be vertical, and the true width of mineralization it unknown.

respectively, commencing at downhole depths ranging from 6 to 18 m.

A single diamond drill hole was centered on the percussion drill holes and intersected a zone of chalcocite mineralization within biotite and potassic altered granodiorite intrusive rocks averaging 0.29% Cu over 24 m from a downhole depth of 9 m. 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 ending in the early 1970's. Given the presence of drill confirmed porphyry copper-molybdenum mineralization, a location 6 kilometers west of the Valley Pit at Teck Resource Limited's 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.

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

Figure 2: Mer Proposed Drilling Oblique View Looking North

The Company also announces that it entered into a consulting services agreement dated October 31, 2025 with GRA Enterprises LLC ("GRA"), 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 via the GRA's blogs and social media accounts to build investor awareness of GSP.

The Company has agreed to pay GRA a fee of US$60,000 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, P.Geo. (B.C.), principal and consultant of APEX Geoscience Ltd. of Edmonton, AB, 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 includes 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 Corp. is a mineral exploration & development company focused on projects located in Southwestern British Columbia. The Company owns 100% interest and title to the Alwin Mine Copper-Gold-Silver Property, and the Mer Property, in the Kamloops Mining Division, as well as a 100% interest and title to the Olivine Mountain Property in the Similkameen Mining Division.

For more information, please contact:

Simon Dyakowski, Chief Executive Officer & Director

Tel: +1 (604) 619-7469

Email: simon@gspresource.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information

This news release contains "forward-looking information or statements" within the meaning of applicable securities laws, which may include, without limitation, permit application process and progress, government review and approval of permit and related matters and the timing thereof, potential for recurring labour strikes, potential exploration work programs including drilling, the expected services and payments under the agreement with GRA, applicable Exchange and regulatory approvals, other statements relating to the technical, financial and business prospects of the Company, its projects and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company's views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses, and those filed under the Company's profile on SEDAR+ at www.sedarplus.ca. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather or climate conditions, failure to maintain all necessary government permits, approvals and authorizations, 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 their contractual obligations. The Company does not undertake to update forward-looking statements or forward-looking information, except as required by law.