GSP Resource Corp. provided a progress update on the historic diamond drill hole data compilation and 3D modelling of historic mine workings for the Alwin Mine Project (the "Alwin Property") located in the Highland Valley Copper Camp of British Columbia. The compilation, which is now complete, is a significant development for the Alwin Property and will provide a framework to identify priority drill ready targets focused on the significant high-grade copper-silver- gold potential of the Alwin Project.

To support a robust 2023 exploration strategy and a possible future Mineral Resource Estimate the Company's recent 2020-2021 diamond drilling and 3D underground development model have been integrated with an expansive historic surface and underground diamond drilling dataset not previously captured in digital and 3D format. Highlights of the historic compilation: Digital and 3D spatial capture of 646 drill holes totaling 51,304 metres completed from surface and underground between 1967-1981, in addition to 36 recent surface exploration diamond core holes totaling 5,600 metres drilled by the Company and previous operators, Over $20 million in present day exploration value assuming all-up drilling costs of $400/metre, not including underground development costs, · Of the 646 drill holes, 140 holes totaling 17,273 metres were drilled from surface and 506 holes totaling 34,031 metres from underground, 425 drill holes totaling 2,062 copper assay samples with partial gold-silver data, Global length weighted average copper grade of 1.8% from 3,287 metres sampled, compares favorably to 1.5% copper diluted head grade of historic production, · Majority of historic drilling targeting a 600-metre strike length of the past producing Alwin high-grade underground copper mine, Significant exploration upside potential with high-grade copper-silver-gold zones remaining open along strike of the Alwin Mine workings, with multiple zones open at depth.