GSP Resource Corp. Announces Flow-Through Private Placement

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GSP RESOURCE CORP. ANNOUNCES FLOW-THROUGH PRIVATE PLACEMENT

News Release - Vancouver, British Columbia – June 23, 2021: GSP Resource Corp. ( TSX-V:

GSPR) (the “Company” or “GSP”) announces a non-brokered private placement of up to 1,000,000

units (each, a “Unit”) at a price of $0.35 per Unit for gross proceeds of up to $350,000 (the “Private

Placement”). Each Unit consists of one ‘ flow-through’ (within the meaning of the Income Tax Act

(Canada)) common share (each a “ FT Share ”) and one -half of one transferable common share

purchase warrant (“Warrants ”). Each whole Warrant entitles the holder to purchase one common

share of the Company at a price of $0.50 per share for a period of three (3) years following the date

of issuance.

The Company intends to use the proceeds from the sale of the FT Shares towards exploration and

development work on the Alwin Mine Copper-Silver-Gold Project.

In connection with the Private Placement, the C ompany may pay finders’ fees in cash or securities,

or a combination of both, as permitted by the policies of the TSX Venture Exchange (the

“Exchange”) and applicable securities laws. All securities issued pursuant to the Private Placement

will be subject to a four -month hold period. The Private Placement is subject to approval by the

Exchange.

Drilling Update

As previously announced on June 3, 2021, the Company is currently undertaking a diamond drill

program of a minimum of 1,500 meters on the Alwin Mine Copper -Silver-Gold Project , located

adjacent to the Highland Valley Mine, British Columbia.

About GSP Resource Corp.: GSP Resource Corp. is a mineral exploration & development company

focused on projects located in Southwestern British Columbi a. The Company has an option to

acquire a 100% interest and title to the Alwin Mine Copper -Gold-Silver Property in the Kamloops

Mining Division. GSP also owns 100% of the Olivine Mountain Property in the Similkameen Mining

Division of which it has granted an option to earn a 60% interest to a third party.

Contact Information - For more information, please contact:

Simon Dyakowski, Chief Executive Officer & Director

Tel: (604) 619-7469

Email: [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies

of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any

sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful,

including any of the securities in the United States of America. The securities have not been and will not be

registered under the United States Securities Act of 1933, as amended (the “1933 Act”) or any state securities

laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons

(as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state

securities laws, or an exemption from such registration requirements is available.

Forward-Looking Information

This news release contains “forward‐looking informatio n or statements” within the meaning of applicable

securities laws, which may include, without limitation, the Private Placement, completing the planned drilling

on the Alwin Project , 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

those filed under the Company’s profile on SEDAR at www.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, decrease in the price of copper and gold, failure to maintain al l necessary government permits,

approvals and authorizations, failure to maintain community acceptance (including First Nations), 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.