Mr. Simon Dyakowski reports

GSP RESOURCE CORP. ANNOUNCES FLOW-THROUGH UNITS PRIVATE PLACEMENT

GSP Resource Corp. has arranged a non-brokered private placement of up to two million units at a price of 14 cents per unit for gross proceeds of up to $280,000. Each unit consists of one common share to be issued as a flow-through share within the meaning of the Income Tax Act (Canada) and one-half of one transferable common share purchase warrant. Each whole warrant entitles the holder thereof to purchase one common share of the company at a price of 21 cents per share for a period of two years following the closing date of the private placement.

The company intends to use the proceeds from the sale of the FT shares toward exploration work on the Alwin mine copper-silver-gold project and intends that such expenses incurred will be eligible for the critical mineral exploration tax credit. Proceeds from the sale of FT shares will be used to incur Canadian exploration expenses as defined in Subsection 66.1(6) of the ITA and flow-through mining expenditures as defined in Subsection 127(9) of the ITA, and will be targeted for critical minerals for eligibility under the CMETC. Such proceeds will be renounced to the subscribers with an effective date not later than Dec. 31, 2024, in the aggregate amount of not less than the total amount of gross proceeds raised from the issue of FT shares.

In connection with the private placement, the company may pay finders' fees in cash or securities, or a combination of both, as permitted by the policies of the TSX Venture Exchange and applicable securities laws. All securities issued pursuant to the private placement will be subject to a statutory hold period of four months and one day following the closing date of the private placement in accordance with applicable Canadian securities laws and the policies of the exchange.

The company is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the exchange.

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 a 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.