GSP Resource Corp. Closes over-Subscribed Private Placement

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GSP RESOURCE CORP. CLOSES OVER-SUBSCRIBED PRIVATE PLACEMENT

Vancouver, British Columbia – April 2, 2025: GSP Resource Corp. ( TSX-V: GSPR ) (the

“Company” or “GSP”) announces that, further to its news release on March 17, 2025, it has closed

an over-subscribed non-brokered private placement (the “Private Placement ”) of 5,250,000 units

(“Units”) at a price of $0. 10 per Unit for aggregate gross proceeds of $525,000. Each Unit is

comprised of one common share ( a “Share”) and one transferable common share purchase warrant

(“Warrant”). Each Warrant entitles the holder thereof to purchase one common share of the

Company at a price of $0.15 per share at any time on or before April 2, 2027.

Two insiders of the Company (the President and Chief Executive Officer and a Director) subscribed

for a total of 450,000 Units for aggregate gross proceeds of $45,000 under the Private Placement.

Participation by the insiders constitutes a related party transaction as defined under Multilateral

Instrument 61-101 (“MI 61-101”). The Company is relying on the exemptions from the valuation

and minority shareholder approval requirements of MI 61 -101 contained in sections 5.5(a) and

5.7(1)(a) of MI 61- 101, as the fair market value of the participation in the Private Placement by

insiders does not exceed 25% of the market capitalization of the Company, as determined in

accordance with MI 61-101.

The Company paid aggregate cash finder’s fees of $7,000 and issued 70,000 broker warrants

(“Broker Warrants”) to certain brokers on a portion of the Private Placement. The Broker Warrants

are non-transferable and otherwise have the same terms as the Warrants. The Shares and any common

shares of the Company that are issuable upon the exercise of Warrants and Broker Warrants are

subject to statutory hold period of four months and one day following the closing date of the Private

Placement in accordance with applicable Canadian securities laws and the policies of the TSX

Venture Exchange.

The Company intends to use the net proceeds of Private Placement towards exploration and

development work on the Alwin Mine Copper -Silver-Gold Project and the Mer Claims and for

corporate expenses and general working capital purposes.

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

focused on projects located in Southwestern British Columbia. The Company owns a 100% interest

and title to the Alwin Mine and Mer Properties in the Kamloops Mining Division, as well as a 100%

interest and title to 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 regis tration requirements

is available.

Forward-Looking Information

This news release contains “forward‐looking information or statements” within the meaning of applicable securities laws,

which may include, without limitation , closing of the Private Placement, estimated use of proceeds, carrying out future

exploration work on the Company’s 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 wi ll 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 ter ms. Such forward -

looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and

assumptions, including the risks 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, and those

filed under the Company’s profile on SEDAR+ at www.sedarplus.ca. 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, the ability to manage working capital , adverse weather

or climate conditions, failure to obtain or maintain all necessary government permits, approvals and authorizations, failure

to obtain or maintain community acceptance (including First Nations), decrease in the price of copper, gold, silve r 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.