GSP Resource Corp. announced a detailed summary of the upcoming planned Fall 2023 exploration program at the Alwin Mine Project (the "Alwin Property"). The exploration program is being designed to drill test new exploration targets and advance the understanding of the structural controls of known copper zones at the Alwin Property located in the Highland Valley Copper Camp of British Columbia.

2023 Drill Program objectives: Drilling a minimum of 1,200 m and up to 1,500 m of diamond drilling to test 4 to 6 targets (200 to 300 m per drill hole, subject to available funds. Confirmation drilling of the 5 historic zones (Zone 2 to 6) to infill 2008, 2020 - 2021 drilling, testing down-dip and lateral extensions of mineralization. Drill test three new potential copper zones: Northwest, South and Deep zones.

Collect structural data using oriented drill core, and ground truthing of historic surface drill hole locations to continue to develop the 3D mineralization model. Advance the 3D mineralization model towards completion of a potential Mineral Resource Estimate for the Alwin Mine Project during 2024. During October 2022, GSP engaged APEX Geoscience Ltd. ("APEX") 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 that represents drill holes covering an area over 500 m strike length, 100 m wide, to a depth of 300 m. The integration of these results has resulted in the development of a 3D copper mineralization model that has resulted in identification of new drill targets and 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. 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.