GSP Resource Corp. Corporate Update
GSP Resource Corp. Corporate Update
News Release - Vancouver, British Columbia – October 31, 2025: GSP Resource Corp. (TSX-
V: GSPR / FSE: 0YD / OTC: GSRCF) (the “Company” or “GSP”) announces that its Mer project
permitting process has resumed following the resolution of the BCGEU strike action. The company
announced on March 3, 2025 that it prepared a draft 5-year multi-year area based (MYAB) permit
application in preparation for submission to the British Columbia Ministry of Mining and Critical
Metals (“BC MMCM”) with respect to the Mer Property in the Highland Valley Copper Camp of
British Columbia.
The Mer application was submitted on May 6, 2025, and was subject to BC MMCM review and
revised August 21, 2025, prior to initiation of the broader government referral period projected to be
August 25, 2025, through September 25, 2025.
The Mer Property comprises 185 hectares in the Kamloops Mining Division, located approximately
1.5 km NW of GSP’s Alwin Mine Project and are surrounded by Teck Resource’s Highland Valley
Copper claim group directly west and south of the Highland Valley Copper Mine’s active operations1
(Figure 1). 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 application describes the details of an initial year-one 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 (Figure 2).
About the Mer Claims:
The Mer Claims were the subject of intensive exploration by the Cleveland Ming & 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 Corporation comprised geochemical
and IP/resistivity geophysical surveys, geologic mapping, bulldozer trenching, completion of 16
percussion drill holes totaling 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 x 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 x 40 m diamond
pattern in plan returned values of 9 m averaging 0.47% copper (Cu); 30 m averaging 0.53% Cu;
15 m averaging 0.50% Cu; and 21 m averaging 0.51% Cu 2 respectively, commencing at
downhole depths ranging from 6 to 18 m.
1 Mineralization present within Teck Resources Highland Valley Operations is not necessarily indicative of GSP
Resources Corp. properties.
2 All drill holes are assumed to be vertical, and the true width of mineralization it unknown.
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% Cu over 24 m from a downhole depth of 9 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 1970’s. Given the presence of drill confirmed porphyry copper -molybdenum
mineralization, a location 6 kilometers west of the Valley Pit at Teck Resource Limited’s Highland
Valley Copper Operations, and its position with the Chataway and Guichon granodiorite phases of
the Guichon Batholith the Mer Project is a high priority for follow up exploration.
Figure 1: Mer and Alwin Mine Claims – Highland Valley Copper Camp
Figure 2: Mer Proposed Drilling Oblique View Looking North
The Company also announces that it entered into a consulting services agreement dated October 31,
2025 with GRA Enterprises LLC (“GRA”), pursuant to which GRA will provide the Company with
marketing and communications services for a 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 GSP.
The Company has agreed to pay GRA a fee of US$60,000 in two instalments. 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, P.Geo. (B.C.), principal and consultant of APEX
Geoscience Ltd. of Edmonton, AB, 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 Corp. is a mineral exploration & development company focused on projects located
in Southwestern British Columbia. The Company owns 100% 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% interest and title to the Olivine Mountain Property in the Similkameen Mining Division.
For more information, please contact:
Simon Dyakowski, Chief Executive Officer & Director
Tel: +1 (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.
Forward-Looking Information
This news release contains “forward‐looking information or statements” within the meaning of applicable securities laws,
which may include, without limitation, permit application process and progress, government review and approval of
permit and related matters and the timing thereof, potential for recurring labour strikes, potential exploration work
programs including drilling, the expected services and payments under the agreement with GRA , applicable Exchange
and regulatory approvals, 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 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, adverse weather or climate conditions, failure to 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, 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.