Mr. Simon Dyakowski reports

GSP RESOURCE CORP. RECEIVES DRILL PERMIT FOR MER PORPHYRY COPPER PROPERTY, HIGHLAND VALLEY, BC

GSP Resource Corp. has successfully received a five-year multiyear area-based (MYAB) drilling permit with respect to the Mer property in the Highland Valley copper camp of British Columbia.

With the approval of the Mer MYAB, the company can now move forward with planned diamond drilling of a new porphyry target defined through compilation of historic drilling data, and recently advanced by follow-up rock and grid soil sampling. Follow-up soil and rock sampling at Mer targeted the area of historic drilling and defined an approximately 175-by-120-metre copper anomaly that is open to the northwest. Rock sampling at the historic Mer showing yielded 12 samples returning between 0.14 to 1.02 per cent Cu, and averaging 0.4 per cent Cu; in addition to TerraSpec analysis yielding pargonitic muscovite and magnesium-iron chlorite compositions suggesting a higher temperature proximal porphyry environment (please see news release dated Nov. 26, 2025, for soils and rocks; and Dec. 16, 2025, for Terraspec results).

The Mer property comprises 185 hectares in the Kamloops mining division, located approximately 1.5 kilometres northwest (NW) of GSP's Alwin mine project and is surrounded by Teck Resource's Highland Valley copper claim group directly west and south of the Highland Valley Copper Mine's active operations. The Mer property hosts a copper exploration target zone located NW of the company's Alwin mine high-grade copper-silver-gold target zone.

The permit provides for an initial year 1 diamond drilling program, followed by permitting sufficient surface disturbance to support anticipated expansion diamond drilling within the following four years of the permit. The property is well accessed via existing logging roads that traverse the proposed drilling area where prior logging activities and excavator trenching has exposed a zone of copper mineralization at surface.

The company plans to announce the details of a drill program expected to commence in Q2 2026 over the coming weeks, subject to available funds and board approval.

About the Mer claims

The Mer claims were the subject of intensive exploration by the Cleveland Mining & Smelting Co. Ltd. between the years 1965 and 1971. During that time exploration within the current Mer and surrounding claims now held by Teck Highland Valley Copper Corp. comprised geochemical and IP/resistivity geophysical surveys, geologic mapping, bulldozer trenching, completion of 16 percussion drill holes totalling 610 metres (m) and a single 150 m diamond drill hole targeting the Mer showing.

Percussion and diamond drilling were reported to define a 70-by-120-metre northeast-trending porphyry copper-molybdenum zone characterized by disseminated chalcocite, chalcopyrite, bornite, and molybdenite mineralization and associated biotite and sparse potassic alteration.

At the Mer showing, historical percussion drill holes 1, 3, 15 and 16, forming a 70 by 40 m diamond pattern in plan returned values of nine m averaging 0.47 per cent copper (Cu); 30 m averaging 0.53 per cent Cu; 15 m averaging 0.50 per cent Cu; and 21 m averaging 0.51 per cent Cu, respectively, commencing at down hole depths ranging from six to 18 m.

A single diamond drill hole was centered on the percussion drill holes and intersected a zone of chalcocite mineralization within biotite and potassic altered granodiorite intrusive rocks averaging 0.29 per cent Cu over 24 m from a down hole depth of nine m. The zone of mineralization remains open to the north and west.

No significant exploration has been reported within this project since the initial work programs ending in the early 1970s. Given the presence of drill confirmed porphyry copper-molybdenum mineralization, a location six kilometres west of the Valley Pit at Teck Resource Ltd.'s Highland Valley copper operations, and its position within the Chataway and Guichon granodiorite phases of the Guichon batholith the Mer project is a high priority for follow-up exploration.

The company also announces that it has extended a consulting services agreement originally dated Oct. 31, 2025, with GRA Enterprises LLC, pursuant to which GRA will provide the company with marketing and communications services for an additional six-month term. The services provided by GRA will include the production and publication of investor bulletins, distribution of investor bulletins to the GRA's e-mail list, and posts via the GRA's blogs and social media accounts to build investor awareness of the GSP.

The company has agreed to pay GRA an extension fee of $60,000 (U.S.). GRA is an arm's-length party to the company and to the company's knowledge GRA does not currently own any securities of the company as at the date hereof. There are no performance factors contained in the agreement between GRA and the company and GRA nor will any of its affiliates receive any shares or options from the company as compensation for services under the agreement.

Qualified person

The scientific and technical information contained in this news release has been reviewed and approved by Kristopher J. Raffle, PGeo (British Columbia), principal and consultant of APEX Geoscience Ltd. of Edmonton, Alta., a consultant to the company and a qualified person as defined in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. Mr. Raffle has verified the data disclosed, which includes a review of the sampling, analytical and test data underlying the information and opinions contained herein. Mineralization hosted on nearby properties is not necessarily indicative of mineralization that may be hosted on the Alwin property.

About GSP Resource Corp.

GSP Resource is a mineral exploration & development company focused on projects located in southwestern British Columbia. The company owns 100-per-cent interest and title to the Alwin mine copper-gold-silver property, and the Mer property, in the Kamloops mining division, as well as a 100-per-cent interest and title to the Olivine Mountain property in the Similkameen mining division.

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