Mr. Simon Dyakowski reports

GSP COMPLETES FIRST STAGE OF 2026 DRILLING AT ALWIN; COMMENCES FIRST MODERN DRILL TEST OF MER PORPHYRY COPPER TARGET

GSP Resource Corp. has completed approximately 1,150 metres of drilling across four drill holes at the Alwin high-grade gold target of the 2026 drilling program. Core from the initial four holes is currently being split and logged prior to shipment to ALS Analytical Labs in Kamloops, B.C.

These four holes are stepout drill holes from the discovery of high-grade gold values drilled in late 2024 in stepout hole AM-24-06 that yielded 5.04 grams per tonne gold and 1.01 per cent copper copper over 7.90 metres, including 22.93 grams per tonne gold and 1.82 per ent copper over 1.64 metres. Observations of the core have identified several quartz-chlorite-sericite and chalcopyrite-pyrite (plus or minus bornite) mineralized zones in each of the drill holes having similar visual characteristics to those drilled in 2024.

Drill moving to Mer porphyry copper target

The drill has now moved to the Mer claims, where first drilling operations have commenced. Two first-pass drill holes of approximately 250 metres each are planned as the initial Mer target test, with the potential to increase the program with positive results. The Mer drill targets were defined through compilation of historic drilling data and recently advanced by follow-up rock and grid soil sampling as part of the first phase of 2026 drilling. Follow-up soil and rock sampling at Mer targeted the area of historic drilling and defined an approximately 175-metre-by-120-metre copper anomaly that is open to the northwest. Rock sampling at the historic Mer showing yielded 12 samples returning between 0.14 per cent and 1.02 per cent copper and averaging 0.4 per cent copper, in addition to TerraSpec analysis yielding paragonitic muscovite and magnesium-iron chlorite compositions, suggesting a higher-temperature proximal porphyry environment (please see news release dated Nov. 26, 2025, for soils and rocks and Dec. 16, 2025, for TerraSpec results).

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. 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 company's drill permit for the Mer property provides for 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 have 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 1965 and 1971. During that time, exploration within the current Mer and surrounding claims now held by Teck Resources 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, 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 within the Chataway and Guichon granodiorite phases of the Guichon batholith, the Mer project is a high priority for follow-up exploration.

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. Mineralization hosted on nearby properties is not necessarily indicative of mineralization that may be hosted on the Alwin or Mer properties.

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 mine copper-gold-silver 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.

We seek Safe Harbor.