GSP Resource Corp. announced that a drilling company has been contracted and field crews have mobilized for the Fall 2023 exploration program at the Alwin Mine Project (the "Alwin Property"). The planned Fall 2023 exploration program will include 5 to 6 diamond drill holes designed to target potential extensions of known high grade copper zones at the Alwin Property located in the Highland Valley Copper Camp of British Columbia.

The exploration program will commence with a detailed ground magnetic survey to define mineralization host structures which will aid in further refining the drill targets. During October 2022, GSP engaged APEX Geoscience Ltd. to review and compile geological data from drill logs of more than 450 historic surface and underground diamond drill holes from the 1960s - 1980s. The historic drilling along with more recent 2008, 2020 - 2021 drilling represents a final integrated geological dataset of drill holes covering an area over 500 m strike length, 100 m wide, to a depth of 300 m. Utilizing the 3D copper mineralization model developed through the integration of these assay results, that included a comprehensive visualization of the geometry of 5 high grade copper-gold zones that were the subject of historic development and mining activities of the late 1960's - early 1980's and mid 1990's, new drill targets were identified for the Fall 2023 campaign.

During second quarter and third quarter of 2023 GSP advanced exploration permitting by submitting its Multi-Year Area Based (MYAB) annual update and 2023 exploration plan for upcoming work for approval. Subsequently, the BC Ministry of Energy, Mines & Low Carbon Innovation (BC MEMLCI) completed two (2) site visits in May and August 2023 at the Alwin Mine project. The site visits resulted in the approval of the Company's 2023 drilling plans.

In addition, the 2021 permit allows drilling at the Alwin Project until June 2026.