Shareholder Update

GSP Resource Corp. 2021 Review and 2022 Outlook - Seite 2

Olivine Mountain Project

• Optioned 60% to Full Metal Minerals in April 2021; GSP will be operator of exploration programs at Olivine until option agreement is completed.
• Commenced a sampling program in September 2021 with results pending.

Corporate

• Closed oversubscribed financing of $455,000 in August 2021.
  
  

Outlook for 2022

• Alwin: Incorporate new drilling data into geological model, and update Alwin mine 3D model.
• Alwin: Plan a substantial infill program to support a potential future resource estimate, review and plan additional exploration drilling targets.
• Olivine: Partner funded project review and sampling program: including on the porphyry copper-gold Hop target.
• Continually evaluate new opportunities to add shareholder value through Acquisition & Development of projects (Southwestern BC focus).

About the Alwin Mine Project: The 575.72 hectares Alwin Mine Copper-Silver-Gold property is located on the semi-arid, interior plateau in south-central British Columbia and is adjacent to Teck Resources Limited’s Highland Valley Copper Mine. The historic underground mine, which was developed over 500 metres long by 300 metres deep by 200 metres wide volume produced from 1916 to 1981 from five major subvertical zones 233,100 tonnes that milled 3,786 tonnes of copper, 2,729 kilograms of silver and 46.2 kilograms of gold. The average diluted head grade was 1.5 % copper. Gold and silver content associated with bornite increase with depth within the individual mineralized zones.

Qualified Person: The scientific and technical disclosure contained in this news release has been reviewed and approved by Christopher Dyakowski, P. Geo, a Director of the Company and a “Qualified Person” as that term is defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Dyakowski verified the data underlying the information and opinions contained therein. 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 has an option to acquire a 100% interest and title to the Alwin Mine Copper-Gold-Silver Property in the Kamloops Mining Division. GSP also owns 100% of the Olivine Mountain Property in the Similkameen Mining Division of which Full Metal Minerals Ltd. has an option to earn a 60% interest.