GSP Resource Corp. provided an update related to ongoing advancement of the Alwin Mine Copper-Silver-Gold Project (the "Alwin Property"). New modelling has, for the first-time, enabled 3D visualization of the shear vein system that hosts high-grade copper at Alwin and represents a significant leap in the Company's ability to drive expansion and discover new zones of high-grade copper mineralization.

The APEX Geoscience Ltd. (APEX) resource modelling team has made significant progress in the geologic model development for the Alwin Project. To date, APEX has georeferenced in 3D space a total of 70 historic underground level plans and cross sections, digitally captured this data comprising detailed underground mapping completed during mining operations between 1968 and 1979. The modelling program has yielded over 18,000 mineralized polygons, 1,200 fault traces, and 300 structural strike and dip measurements.

Anticipated workflow is progressing rapidly as follows: 3D georeferencing of historical geological plans and sections (COMPLETE); Digitization of mineralized polygons, fault traces and point structure (COMPLETE); Implicit 3D modelling of shear vein lodes, and fault planes (IN PROGRESS); Validation of 3D underground development and mined stope volumes (IN PROGRESS); Handoff of finalized geological, mineralization, and mine depletion models to APEX geostatistical and resource estimation team (PLANNED); Exploration block modelling, conceptual pit shell and stope optimization (PLANNED). The APEX team has now progressed to the domaining phase of the 3D modelling exercise, by assigning individual mineralized lode codes to the underground mapping strings and mineralized drill intercepts leading to the development of a series of structurally informed implicit modelled wireframes. Refinement of the implicit model is currently underway, in parallel with analogous development of associated fault planes, and the development of a mined stope and development depletion model.

GSP reports that historic digital data capture and geological modelling completed to date has for the first-time enabled 3D visualization of a well-developed en-echelon shear vein system host to high- grade copper Alwin Mine. The current interpretation indicates the presence of a subvertical East- West trending parent shear zone, within which steeply south dipping tension veins have developed. The intersection of these features has produced steeply southeast plunging continuity of mineralization.

The APEX team is continuing to refine its interpretation of the geologic and structural model for the Alwin Mine, however the information currently available points to the prevalence of predictable shear-hosted vein geometries, which are expected to be readily targetable using structural geological principles. This information represents a significant leap in the Company's ability to develop high-conviction drill targets with meaningful potential to drive expansion and discover new zones of high-grade copper mineralization. This work will build on the recent drilling campaign executed by GSP in late 2023 which returned significant high-grade mineralization including drillhole AM23-01 intersected 2.42% copper (Cu), 47 g/t silver (Ag), and 0.57 g/t gold (Au) over 12.8 m (3.14% copper-equivalent, CuEq); including 5.7 m averaging 5.21% Cu, 103 g/t Ag and 1.22 g/t Au (6.77% CuEq).