GSP Resource Corp. reported a correction to the copper equivalency calculation of its February 7, 2024 news release regarding the assay results of the recently completed surface diamond drill program at the Alwin Mine project (the "Alwin Property"). The previous disclosure had incorrectly calculated the conversion of tonnes to ounces, thereby understating the equivalent copper grade.

There are no changes to the reported primary assay results or intervals of the individual metals. The updated equivalency table is presented below. Dilling, From (m), To (m), Drilled Interval (m), Cu %, Ag g/t, Au g/t, CuEQ %, AM-23-01, 138.0, 150.8, 2.42, 47.0, 0.57, 3.14, including, 141.6, 147.3, 5.21, 103.1, 1.22, 6.77, including, 141.9, 143.8, 1.9, 7.84, 198.3, 2.75, 11.08, and, 153.4, 154.6, 1.1, 3.48, 13.0, 0.04, 3.61, AM-23-02, 118.2, 118.8, 0.6, 8.01, 30.0, 0.05, 8.28, and 134.6, 140.7, 6.1, 0.88, AM-23-05, including, 33.8, 37.0, 3.2, 3.50, 10.3, 0.07, 3.62.

True width estimate is 60% of Drilled Interval presented here. (using $8,800/tonne Cu, $23/oz Ag. $1,850/oz Au and historic recoveries 95.1% Cu, 89.7% Ag, 85.4% Au).

As previously reported, all drill holes intersected Copper-Gold-Silver mineralization at shallow depths, with hole AM23-01 reporting some of the highest grades of copper and precious metals drilled at the Alwin Property in the project's history. Drillhole AM23-01 intersected 2.42% Cu, 47.0 gpt Ag, and 0.57 gpt Au over 12.8m including a 5.7m interval averaging 5.21% Cu, 103.1 gpt Ag and 1.22 gpt Au. The drill program, completed in November 2023, was designed to target high-grade copper zones at the Alwin Property located in the Highland Valley Copper Camp of British Columbia.

Drilling was completed from three sites over a 100-metre strike length targeting the upper and lower levels of the historic Alwin Mine "4 Zone". All five 2023 drill holes intersected sulphide mineralization, with multiple intervals encountered in drill holes AM-23-01, -02 and -03 targeting the historic 4 Zone at depth. Drill holes AM-23-04 and -05 targeted the historic 4 Zone near surface.

The historic underground mine was developed over 500 m long by 200 m wide by 200 m wide by 300 m deep. ALS is an ISO-IEC 17025:2017 and ISO 9001:2015 accredited geoanalytical geoanalytical geophysicalophysicalophysicalophysicalophysicalophysicalophysical testing.