GSP Resource Corp. Grants Stock Options

GSP RESOURCE CORP. GRANTS STOCK OPTIONS

News Release - Vancouver, British Columbia – August 17, 2020: GSP Resource Corp. (TSX-V:

GSPR) (the “ Company” or “ GSP”) has granted an aggregate of 490,000 stock options to

consultants, management, and directors of the Company. The stock options are exercisable to acquire

common shares at an exercise price of $0.32 per common share for a term of five years, pursuant to

the terms of the Company’s stock option plan.

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, as well as an option to acquire 100% interest and title to the Olivine Mountain

Property in the Similkameen Mining Division.

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.

Forward-Looking Information

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

which may include, without limitation, 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, including the price of metals, the ability to achieve its goals, and that general business and

economic conditions will not change in a material adverse manner. 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 ,

general economic, market, business conditions, failure to maintain all necessary government permits, equipment failures,

the impact of Covid-19 or other viruses and diseases on the Company’s ability to operate, approvals and authorizations,

and failure to maintain community acceptance (including First Nations). The Company does not undertake to update

forward‐looking statements or forward‐looking information, except as required by law.