GSP Samples 87 g/t Silver, 3.3% Copper, & 2.3 g/t Gold, Demonstrating Multiple New Base and Precious Metals Targets Across the Combined Alwin Mine and Mer Properties

The most recent news release, dated November 26, 2025, reports the final assay results from the Fall 2025 surface rock sampling program at the combined Alwin Mine and Mer properties. The program successfully identified multiple new base and precious metal targets. Key highlights include high-grade samples from the newly discovered Apex Target, such as 3.33% Copper (Cu), 1.44 g/t Gold (Au), and 48 g/t Silver (Ag), and another sample with 11.85% Cu and 348 g/t Ag (previously announced in an October 28 "rush assay" release). The results confirm and expand upon the initial findings, defining new target areas for future exploration. The company emphasizes that rock grab samples are selective by nature and not necessarily representative of overall mineralization.

The news is a routine and positive step in the exploration cycle. It confirms the prospectivity of new target areas identified through earlier work, including the geophysical survey from August 2025. The high grades in grab samples are encouraging and provide specific locations for follow-up work.

However, the impact is not material at this stage for several reasons: - Early Stage: These are surface grab samples. While the grades are high, they do not indicate size, continuity, or economic viability. This is "smoke," and the company still needs to drill to find the "fire." - In-line with Expectations: Following the "rush" results on October 28, these final results were expected to be positive. The news confirms prior indications rather than providing a new, unexpected catalyst. - Financial Overhang: The market appears to be discounting positive early-stage exploration news, likely due to the company's weak financial position. With only C$331,023 in cash as of August 31, 2025, and a quarterly net loss of C$272,727, the company does not have the funds for a significant drill program to test these new targets. A dilutive financing is an immediate necessity.

The progression of news has been logical: completion of a resource estimate (Dec 2024), successful resource expansion drilling with a new gold discovery (Jan 2025), defining deeper targets with geophysics (Aug 2025), and now identifying surface expressions of mineralization (Oct/Nov 2025). Each step has been successful, but the company is now at a critical funding juncture before it can advance these targets.

GSP Resource Corp. is a Canadian-based junior mineral exploration company. Its flagship asset is the Alwin Mine Project, a past-producing high-grade copper-silver-gold mine located in the Highland Valley Copper Camp of British Columbia. The project is contiguous with Teck Resources' Highland Valley Mine, the largest open-pit porphyry copper-molybdenum mine in western Canada.

In December 2024, the company announced an initial NI 43-101 inferred mineral resource estimate of 1.46 million tonnes grading 1.08% copper for 34.6 million pounds of contained copper. Subsequent drilling in early 2025 discovered a new, distinct high-grade gold zone (e.g., 7.90m of 5.04 g/t Au and 1.01% Cu). The company is also exploring the adjacent, 100%-owned Mer Property for porphyry copper-molybdenum mineralization. The overarching exploration thesis is to expand the existing resource at Alwin and discover a larger, underlying porphyry feeder system.