GSP Resource Corp. Expands Olivine Mountain Project BY 566 Hectares to 3022 Hectares
GSP RESOURCE CORP. EXPANDS OLIVINE MOUNTAIN PROJECT BY 566
HECTARES TO 3022 HECTARES
Vancouver, British Columbia – February 14, 2019: GSP Resource Corp. ( TSX-V: GSPR) (the
“Company”) is pleased to announce it has entered into an agreement to acquire several claims along
the ultramafic contact North of the Asp showing. The new claims are adjacent to the Olivine
Mountain project and expand the property size from 2455.54 Hectares to 3 021.87 Hectares. The
additional claims are being acquired for the cost of staking and will be paid in cash. Also, further to
the news release date d February 13, 2019 the Company wishes to clarify the quote which should
read: “base metals values in the so il sample grid, in particular - Copper of up to 67 8 ppm, are very
encouraging. The results are coincident with the interpreted geophysical anomalies identified in
GSP’s Spring 2018 airborne and ground survey programs. Four drill targets are considered of interest
for the presence of related massive sulphide deposits and we expect to commence the permitting
process shortly.”
Qualified Person: The scientific and technical disclosure contained in this news release has been
reviewed and approved by Christop her I. Dyakowski, P.Geo, a “Qualified Person” as that term is
defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
About GSP Resource Corp. : GSP Resource Corp. is a mineral exploration company focused on
the acquisition, exploration and development of mineral resource properties. The Company has an
option to acquire a 100% interest and title to the Olivine Mountain Property located in the
Similkameen Mining Division, 25 km northwest of Princeton, British Columbia.
Contact Information - For more information, please contact:
Simon Dyakowski, Chief Executive Officer
Tel: (604) 619-7469
Email: [email protected]
Cautionary Statement Regarding “Forward-Looking” Information.
This news release includes certain statements that constitute “forward -looking information” within the meaning of
applicable securities law, including without limitation, statements that addres s the Olivine Mountain Project , obtaining
drill permits, obtaining new claims, comments regarding the timing and content of upcoming work programs, and other
statements relating to the business prospects of the Company. Forward -looking statements address future events and
conditions and are necessarily based upon a number of estimate s and assumptions. These statements relate to analyses
and other information that are based on forecasts of future results, estimates of amounts not yet determinable and
assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations,
beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words
or phrases such as “expects” or “does not expect”, “is expected”, “estimates” or “intends”, or stating that certain actions,
events or results “may”, “could”, “might” or “will” be taken, occur or be achieved), and variations of such words, and
similar expressions are not statements of historical fact and may be forward -looking statements. Forward -looking
statement are necessarily based upon a number of factors that, if untrue, could cause the actual results, performances or
achievements of the Company to be materially different from future results, performances or achievements express or
implied by such 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, anticipated costs and the ability to achieve 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, and that third
party contractors, equipment and supplies and gove rnmental and other approvals required to conduct the Company’s
planned exploration activities will be available on reasonable terms and in a timely manner. Forward-looking statements
are subject to a variety of risks and uncertainties, which could cause actual events, level of activity, performance or results
to differ materially from those reflected in the forward-looking statements, including, without limitation: (i) risks related
to gold, platinum, palladium, copper and other commodity price fluctuations ; (ii) risks and uncertainties relating to the
interpretation of exploration results; (iii) risks related to the inherent uncertainty of exploration and cost estimates and
the potential for unexpected costs and expenses; (iv) that resource exploration and development is a speculative business;
(v) that the Company may lose or abandon its property interests or may fail to receive necessary licences and permits;
(vi) that environmental laws and regulations may become more onerous; (vii) that the Company may not be able to raise
additional funds when necessary; (viii) the possibility that future exploration, development or mining results will not be
consistent with the Company’s expectations; (ix) exploration and development risks, including risks related to accidents,
equipment breakdowns, labour disputes or other unanticipated difficulties with or interruptions in exploration and
development; (x) competition; (xi) the potential for delays in exploration or development activities or the completion of
geologic reports or studies; (xii) risks related to environmental regulation and liability; (xiii) risks associated with failure
to maintain community acceptance, agreements and permissions (generally referred to as “social licence”), including
local First Nations ; (xiv) risks relating to obtaining and maintaining all necessary government permits, approvals and
authorizations relating to the continued exploration and development of the Company’s projects; (xv) risks related to the
outcome of legal actions; (xv i) political and regulatory risks associated with mining and exploration; (x vii) and risks
related to current global financial conditions. These risks, as well as others, could cause actual results and events to vary
significantly. 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 loss of key directors, employees, advisors or consultants, volatility in metals prices, adverse weather conditions,
equipment failures, failure of counterparties to perform their contractual obligations and fees charged by service
providers. Investors are cautioned that forward -looking statements are not guarantees of future performance or events
and, accordingly are cautioned not to put undue reliance on forward -looking statements due to the inherent uncertainty
of such statements. The forward-looking statements included in this news release are made as of the date hereof and the
Company disclaims any intention or obligation to update or revise any forward -looking statements, whether as a result
of new information, future events or otherwise, except as expressly required by applicable securities legis lation.
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.