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GSPR.V ·

GSP Resource Corp. Receives Alwin MINE Drill Permit and Announces Listing ON Frankfurt Stock Exchange

Permits & Approvals Listings & Exchange

GSP RESOURCE CORP. RECEIVES ALWIN MINE DRILL PERMIT AND ANNOUNCES

LISTING ON FRANKFURT STOCK EXCHANGE

News Release - Vancouver, British Columbia – August 24, 2020: GSP Resource Corp. (TSX-V:

GSPR) (FRA: 0YD) (the “Company” or “GSP”) announces it has received a permit from the British

Columbia Ministry of Energy, Mines and Petroleum Resources to commence drilling at the Alwin

Mine Copper-Silver-Gold Project.

GSP also announces the listing of its common shares for trading on the Frankf urt Stock Exchange

(Deutsche Boerse AG) under the symbol: 0YD (WKN: A2PBYX). The Company’s common shares

are now cross -listed on the TSX Venture Exchange, and the Frankfurt Stock Exchange , and GSP

expects the Frankfurt listing to facilitate increased trading liquidity and investment from European

investors.

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

focused on projects located in Southwestern British Columbia. 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, future exploration work on the Company’s projects, increased trading liquidity

and investment from European investors, 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 an d 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 limi ted to, continued availability of

capital and financing and general economic, market or business conditions, adverse weather conditions, equipment

failures, failure to maintain all necessary government permits, approvals and authorizations, the impact of Covid-19 or

other viruses and diseases on the Company’s ability to operate, 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.