Compatible with iOS 4.x only
If you need iOS 5 version TryGpsOut5

TryGpsOut can transmit Iphone's GPS data to external Bluetooth device (for example; iPad with BTstack GPS installed). You can view GPS data on the second device.

See all the Screenshots below

v 3.3
the trygpsout 3.3 version can run on 5.x and 6.0.1 iOS and it can run background when you do another thing.

Updated	December 27, 2012
License	Commercial Package
Suggested Price	$ 1.00