GSP Resource Corp. announced it has entered into a letter of intent (“LOI”) with Richard John Billingsley and S. Gaye Richards (the “Vendors”), whereby GSP and the Vendors will negotiate and settle the terms of a definitive option agreement (the “Option Agreement”) that will provide GSP with an option to acquire a 100% interest in the Vendor’s right, title and interest in and to the mineral claims compromising the mineral exploration and development project known as the “Alwin Project”, located in the Kamloops Mining Division, 18 km west of Logan Lake, British Columbia (the “Transaction”). The Alwin Project includes the past-producing Alwin Copper Mine and is located immediately west of Teck Resources’ Valley porphyry copper-molybdenum-silver ore body. The Alwin Project location is in the Guichon Batholith, within three kilometers of Teck Resources’ Highland Valley Copper open pit. Mineralization hosted on nearby properties is not necessarily indicative of mineralization that may be hosted on the Alwin Project. Historical resource estimates as detailed in this news release exist on the Alwin property and is located in a mineralized structure that has been the subject of historic mine production. The 575.72-hectare project has several targets that were identified in previous drilling, soil sampling & IP surveys in the 2005-2008 period. Commercial production at the Alwin mine ceased during a period of low copper prices in 1982 and the most recent major exploration program ceased during the 2008/2009 global financial crisis.