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2022 Year in Review Highlights:
Engaged APEX Geoscience Ltd. (APEX”) ofEdmonton, AB , as geological consultants to conduct a review of theAlwin Mine Copper-Silver-Gold Project and recommend the next stage of exploration for the project.The data review is currently underway and is expected to reinterpret both historic drilling mining data, GSP’s 3D modelling of the historic mine workings, and GSP’s 2020-2022 exploration programs on the Alwin project.
Reported results of 2021 Fall drilling program with a highlight intersection of 1.6 meters averaging 10.4 gpt Gold, 16 gpt Silver and 1.24% Copper (6.13% CuEq) (see GSP’s news release dated
May 18 , 2022).
Corporate
Closed oversubscribed financing in
December 2022 .
Outlook for 2023
Alwin: Completion of APEX data review and recommendations to advance
Alwin Project Alwin: Plan a substantial follow up exploration program to support a potential future resource estimate and test additional targets.
Continually evaluate new opportunities to add shareholder value through the acquisition of projects in the
Americas .
About the
Qualified Person: The scientific and technical disclosure contained in this news release has been reviewed and approved by
About
Contact Information -For more information, please contact:
Tel: (604) 619-7469
Email:simon@gspresource.com
Neither the
Forward-Looking Information
This news release contains “forward‐looking information or statements” within the meaning of applicable securities laws, which may include, without limitation,completion of the review by Apex and the recommended work program on the Alwin property, future exploration work on the Company’s projects, potential resource estimate, potential acquisition of other projects, other statements relating to the technical, financial and business prospects of the Company, its projects and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including therisks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses, andthose filed under the Company’s profile on SEDAR atwww.sedar.com.Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather conditions, failure to maintain all necessary government permits, approvals and authorizations, failure to maintain community acceptance (including First Nations), decrease in the price of copper, gold, silver and other metals, increase in costs, litigation, and failure of counterparties to perform their contractual obligations.The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.
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