Shareholder Update: GSP Resource Corp. Review of 2025 and Outlook for 2026

The news release dated January 13, 2026, provides a year-in-review for 2025 and an outlook for 2026. Key developments include the completion of a maiden NI 43-101 Mineral Resource Estimate (MRE) for the Alwin Mine, which outlines 1.46 million tonnes grading 1.08% copper (Inferred). The company successfully consolidated 100% ownership of the Alwin Mine property through an accelerated payment schedule. Exploration highlights from 2025 included the discovery of a new high-grade gold zone (AM-24-06: 5.04 g/t Au and 1.01% Cu over 7.9m) and the identification of the Apex Zone through surface sampling, which returned up to 348 g/t Ag and 11.85% Cu. Looking ahead to 2026, the company plans to report final reconnaissance results, obtain drill permits for the Mer property, and execute a "substantial exploration program" targeting both shallow high-grade zones and deeper porphyry-style mineralization.

The impact is deemed Routine - Positive because the release is primarily a summary of successful milestones achieved throughout 2024 and 2025 rather than a new material discovery or financial event. - Project De-risking: Consolidating 100% ownership removes future payment uncertainty and simplifies the royalty structure, which is a necessary step for any potential M&A activity. - Target Refinement: The shift in focus from purely shallow copper to include high-grade gold and deeper porphyry targets (supported by NSAMT geophysics) increases the "blue sky" potential of the project. - Resource Context: While the MRE is small (34.6M lbs Cu), the proximity to Teck Resources' Highland Valley Copper mine (currently seeing a C$2B expansion) provides significant infrastructure and potential strategic value if GSP can prove larger scale. - Execution Check: Projections made in early 2025 (obtaining permits, completing geophysics) were largely materialized, though permitting for the Mer project was delayed by a provincial strike in late 2025.

GSP Resource Corp. is a junior explorer focused on the Highland Valley Copper Camp in British Columbia. - Flagship Project: The Alwin Mine Project, located adjacent to Teck Resources' Highland Valley Copper Mine. - Secondary Project: The Mer property (1.5km NW of Alwin), which hosts historic percussion drilling results (e.g., 30m @ 0.53% Cu). - Project Status: Alwin is a past-producing underground mine (1916-1981). GSP is transitioning from validating the historic mine area to exploring for larger porphyry targets and newly discovered gold-rich zones.