GoldSpring Provides Results to Exploratory Drilling Holes 18-24



GOLD HILL, Nev., April 25 /PRNewswire-FirstCall/—GoldSpring, Inc.
(OTC Bulletin Board: GSPG) has released positive third-party assay results
for its exploratory drill holes 18 through 24. These seven drill holes are
a continuation of the Company’s definition drilling program and show strong
mineralization in and around the Hartford Complex.

Jim Golden, GoldSpring’s Chief Operating Officer, stated, “To date, we
have drilled 40 holes and continue to be encouraged by the latest assay
results from our phase one drilling program. This drilling program is
allowing us to ascertain both the quality and quantity of the gold and
silver ore body at the Hartford Complex—less than five percent of our
total Comstock property. We remain on track to complete our initial 43-101
report on the Hartford Complex in late spring 2008, and anticipate the next
phase of our exploratory drilling will begin soon in other areas of our
Comstock property.”

The drilling is highlighted by a 15 foot interval (195’-210’) grading
0.427 ounces per ton gold and 0.53 ounces per ton silver in Drill Hole 24.

— Drill Hole 18: drilled with intention of locating the footwall of the
deposit encountered anomalous precious metal values from the surface
to a depth of forty feet grading 0.010 ounces per ton gold and
0.29 ounces per ton silver.
— Drill Hole 19: encountered from the surface to a depth of 45 feet
grading 0.010 ounces per ton gold and 0.13 ounces per ton silver,
followed by forty feet (140’-180’) grading 0.045 ounces per ton gold
and 0.63 ounces per ton silver and twenty-five feet (205’-230’)
grading 0.013 ounces per ton gold and 0.56 ounces per ton silver.
— Drill Hole 20: drilled with intention of locating the footwall of the
deposit encountered anomalous precious metal values of non-economic
importance.
— Drill Hole 21: encountered one hundred and thirty feet (175’-305’)
grading 0.046 ounces per ton gold and 0.61 ounces per ton silver.
— Drill Hole 22: encountered from the surface to a depth of twenty feet
mineralization grading 0.012 ounces per ton gold and 0.24 ounces per
ton silver, followed by 10’ (30’-40’) grading 0.134 ounces per ton
gold and 1.57 ounces per ton silver, and seventy feet (70’-140’)
grading 0.040 ounces per ton gold and 0.43 ounces per ton silver.
— Drill Hole 23: encountered 160’ (75’-235’) grading 0.058 ounces per
ton gold and 0.78 ounces per ton silver.  An additional ore zone was
encountered at 260’ where the first ten feet graded 0.030 ounces per
ton gold and 1.04 ounces per ton silver.  Drill hole recovery problems
enabled the drill to only recover one sample between 265’ and a total
hole depth of 330’.  The interval (295’-300’) contained 0.05 ounces
per ton gold and 1.62 ounces per ton silver.
— Drill Hole 24: encountered 25’ grading 0.052 ounces per ton gold and
0.64 ounces per ton silver starting at the surface, followed by 85’
(150’-235’) grading 0.103 ounces per ton gold and 0.54 ounces per ton
silver, and 130’ (285’-420’) grading 0.022 ounces per ton gold and
1.03 ounces per ton silver.

Summary Exploratory Drilling Results Table

The Company has initiated geologic and engineering efforts with the
objective of providing a report on the mineral resource outlined in the on-
going exploration program coupled with historical exploration data.

The results from the Company’s phase one drilling program, which began
in December 2007, are summarized in the table below.

Drill Hole Intercept Gold Grade Silver Grade
Number in Feet (ounces per (ounces per
ton Au) ton Ag)

24 0’-25’ 0.052 0.64
150’-235’ 0.103 0.54
285’-420 0.022 1.03
23 75’-235’ 0.058 0.78
260’-300’ 0.030 1.04
22 0’-20’ 0.012 0.24
30’-40’ 0.134 1.57
70’-140 0.040 0.43
21 175’-305’ 0.046 0.61
20 70’-75’ 0.013 0.04
390’-395’ 0.015 0.04
19 0’-45’ 0.010 0.13
140’-180’ 0.045 0.63
205’-230’ 0.013 0.56
18 0’-40’ 0.010 0.29
260’-265’ 0.022 1.63
17 60’-130’ 0.031 0.50
16 290’-300’ 0.088 0.07
385’-535 0.047 0.07
555’-755’ 0.032 0.25
15 10’-25’ 0.054 1.74
115’-320’ 0.118 1.32
325’-365’ 0.029 3.53
14 10’-40’ 0.034 0.72
55’-80’ 0.109 0.75
210’-225’ 0.082 0.08
290’-330 0.091 0.23
13 0’-70’ 0.025 0.34
12 0’-60’ 0.012 0.18
445’-460’ 0.062 0.14
11 175’-265’ 0.043 0.47
285’-350’ 0.076 1.28
10 20’-400’ 0.109 0.66
09 10’-25’ 0.054 1.74
115’-320’ 0.118 1.32
325’-350’ 0.030 .020
08 40’-55’ 0.037 0.17
85’-150’ 0.060 1.04
07 15’-185’ 0.068 1.50
06 35’-55’ 0.029 1.27
120’-130’ 0.164 1.19
135’-215’ 0.033 0.29
245’-275’ 0.037 1.29
275’-325’ 0.003 1.71
05 30’-65’ 0.038 0.90
120’-265’ 0.045 1.27
04 50’-60’ 0.006 0.09
03 55’-90’ 0.031 0.81
02 160’-275’ 0.074 0.69
01 65’-135’ 0.052 0.64

GoldSpring Hartford Complex Assay Results Continue Positive Trend



Favorable Assay Results Suggest Significant Underground Mining Opportunity

GOLD HILL, Nev., May 14 /PRNewswire-FirstCall/—GoldSpring, Inc. (OTC
Bulletin Board: GSPG), the largest landholder in Nevada’s prolific Comstock
Lode District, reported today promising assay results from its Hartford
Complex surface drilling program. The latest two drill holes are part of
the Company’s ongoing Comstock Lode exploration drilling program, which
began in December 2007.

“With the continued positive assay results from each drill hole, we
increase the size of the known ore body at the Hartford Complex,” said Jim
Golden, GoldSpring’s Chief Operating Officer. “Our results to date lead us
to believe we have a significant underground mining opportunity within the
Hartford Complex. We intend to begin exploration for underground targets
after the completion of our ongoing surface drilling program. The current
exploration drilling remains on schedule to allow us to complete our
initial 43-101 reserve/resource report by the end of June.”

The drilling is highlighted by a 20 feet grading (120’-140’) grading
0.373 ounces per ton gold and 0.34 ounces per ton silver in Drill Hole 28
and thirty feet (435’-465’) grading 0.228 ounces per ton gold and 4.14
ounces per ton silver.

—Drill Hole 29: encountered from the surface fifteen feet (0’-15’)
grading 0.040 ounces per ton gold and 0.63 ounces per ton silver.  The
drill hole later encountered eighty feet grading 0.065 ounces per ton
gold and 0.41 ounces per ton silver and forty-five feet (405’-485’)
grading 0.118 ounces per ton gold and 2.09 ounces per ton silver,
followed by seventy-five feet (495’-570’)grading 0.017 ounces per ton
gold and 0.19 ounces per silver and forty feet (600’-640’) grading
0.078 ounces per ton gold and 0.32 ounces per ton silver.  This hole
bottomed in 0.025 ounces per ton gold.

—Drill Hole 28: encountered at the surface fifteen feet (0’-15’) grading
0.023 ounces per ton gold and 0.78 ounces per ton silver followed by
one hundred forty-five feet (65’-210’) grading 0.083 ounces per ton
gold and 0.63 ounces per ton silver, thirty-five feet (310’-410’)
grading 0.020 ounces per ton gold and 0.65 ounces per ton silver.  This
hole bottomed in ore.
Summary Exploratory Drilling Results Table

The Company has initiated geologic and engineering efforts with the
objective of providing a report on the mineral resource outlined in the
on-going exploration program coupled with historical exploration data.

To date, the Company’s phase one drilling program results are summarized
in the table below.

Drill Hole Intercept in Gold Grade Silver Grade
Number Feet (ounces per ton (ounces per ton
Au) Ag)
29 0’-15’ 0.040 0.63
405’-485’ 0.113 2.09
495’-570’ 0.017 0.19
600’-640’ 0.078 0.32
28 0’-15’ 0.023 0.78
65’-210’ 0.083 0.63
255’-290’ 0.051 0.60
310’-410 0.020 0.65
27 0’-20’ 0.044 0.94
140’-150’ 0.063 0.56
175’-255’ 0.044 0.38
315’-495’ 0.040 1.13
26 0’-25’ 0.025 0.88
240’-375’ 0.065 0.41
395’-435’ 0.029 0.69
25 0’-60’ 0.033 0.80
135’-150’ 0.034 0.06
165’-230’ 0.029 0.50
315’-330’ 0.014 0.09
525’-595’ 0.015 0.14
24 0’-25’ 0.052 0.64
150’-235’ 0.103 0.54
285’-420’ 0.022 1.03
23 75’-235’ 0.058 0.78
260’-300’ 0.030 1.04
22 0’-20’ 0.012 0.24
30’-40’ 0.134 1.57
70’-140 0.040 0.43
21 210’-305’ 0.046 0.61
20 70’-75’ 0.013 0.04
390’-395’ 0.015 0.04
19 0’-45’ 0.010 0.13
140’-180’ 0.045 0.63
205’-230’ 0.013 0.56
18 0’-40’ 0.010 0.29
260’-265’ 0.022 1.63
17 60’-130’ 0.031 0.50
16 290’-300’ 0.088 0.07
385’-535 0.047 0.07
555’-755’ 0.032 0.25
15 10’-25’ 0.054 1.74
115’-320’ 0.118 1.32
325’-365’ 0.029 3.53
14 10’-40’ 0.034 0.72
55’-80’ 0.109 0.75
210’-225’ 0.082 0.08
290’-330’ 0.091 0.23
13 0’-70’ 0.025 0.34
12 0’-60’ 0.012 0.18
445’-460’ 0.062 0.14
11 175’-265’ 0.043 0.47
285’-350’ 0.076 1.28
10 20’-400’ 0.109 0.66
09 10’-25’ 0.054 1.74
115’-320’ 0.118 1.32
325’-350’ 0.030 .020
08 40’-55’ 0.037 0.17
85’-150’ 0.060 1.04
07 15’-185’ 0.068 1.50
06 35’-55’ 0.029 1.27
120’-130’ 0.164 1.19
135’-215’ 0.033 0.29
245’-275’ 0.037 1.29
275’-325’ 0.003 1.71
05 30’-65’ 0.038 0.90
120’-265’ 0.045 1.27
04 50’-60’ 0.006 0.09

All of the assays referenced herein and the data derived therefrom have
been performed and analyzed by American Assay of Reno, Nevada, a laboratory
independent of GoldSpring, utilizing industry standard analytical methods.

About GoldSpring, Inc.

GoldSpring, Inc. is a North American precious metals mining company,
focused in Nevada, with extensive, contiguous property in the Comstock Lode
District. Our Company was formed in mid-2003, and we acquired two
properties in the Comstock Lode before the end of the year. We secured
permits, built an infrastructure and brought the exploration project into
test mining production within a year of its acquisition. The Company, in
2005, began consolidating the Comstock Lode by acquiring additional
properties in the district, expanding our footprint and creating
opportunities for exploration and mining. We are an emerging company,
looking to build on our success through the acquisition of other mineral
properties in the Comstock Lode District with reserves or exploration
potential. The Company’s objectives are to increase reserves through
exploration, expand its footprint in the Comstock, resume mining, optimize
its production, and maximize shareholder value.

The Private Securities Litigation Reform Act of 1995 provides a ‘safe
harbor’ for forward-looking statements. Certain information included in
this communication (as well as information included in oral statements or
other written statements made or to be made by GoldSpring) contains
statements that are ‘forward-looking,’ as defined in Section 21E of the
Securities Exchange Act, such as statements relating to the future
anticipated direction of the high technology and energy industries, plans
for future expansion, various business development activities, planned
capital expenditures, future funding sources, anticipated sales growth,
mining capability and potential contracts. Such forward-looking information
involves important risks and uncertainties, which include the risk factors
disclosed in our most recent filings with the U.S. Securities and Exchange
Commission, that could significantly affect anticipated results in the
future and, accordingly, such results may differ from those expressed in
any forward-looking statements made by or on behalf of GoldSpring. These
risks and uncertainties include, but are not limited to, those relating to
development and expansion activities, dependence on existing management,
financial activities, domestic and global economic conditions, changes in
federal or state tax laws and market competition factors. These and other
factors, which could cause actual results to differ materially, are
discussed in more detail in GoldSpring’s filings with the Securities and
Exchange Commission. Forward-looking statements include statements
regarding our expectations, beliefs, intentions or strategies regarding the
future and can be identified by forward-looking words such as ‘anticipate,’
‘believe,’ ‘could,’ ‘estimate,’ ‘expect,’ ‘intend,’ ‘may,’ ‘should,’
‘will,’ and ‘would’ or similar words. We assume no obligation to update the
information included in this press release, whether as a result of new
information, future events or otherwise.

Contact information for GoldSpring, Inc.:
P.O. Box 1118
Virginia City, NV 89440
Tel 775.847.5272
Fax 775.847.4762
http://www.goldspring.us

Robert T. Faber, President and CEO
480.603.5151
775.847.5272
E-mail:

or

Dan Schustack, CEOcast, Inc. for GoldSpring, Inc. at (212) 732-4300

SOURCE GoldSpring, Inc.

GoldSpring Completes Drilling to Support Preliminary Resource Report for Hartford Complex



Drilling Results From Latest Six Holes Show Strong Mineralization

GOLD HILL, Nev., May 29 /PRNewswire-FirstCall/—GoldSpring, Inc. (OTC
Bulletin Board: GSPG), the largest mineral rights land position in Nevada’s
Comstock Lode Mining District, reported today that it has completed
sufficient drilling at its Hartford Complex project to support the
Company’s preliminary 43-101 resource report. To date, the Company has
drilled 50 holes and has received third-party assay results for the first
36 of those drill holes. The Company expects to receive assay results for
the balance of the 50 drill holes in early June. The Hartford Complex
represents less than five percent of the Company’s total landholdings in
the Comstock Lode. Assay results from drill holes 30-36 are set forth
below.

“We continue to be very excited by the assay results from our drilling
program,” said Jim Golden, GoldSpring’s Chief Operating Officer. “The
results from the latest six drill holes show strong mineralization at the
Hartford Complex. The known ore body continues to increase in surface area
and depth. We look forward to the completion of our initial resource
report, which is on schedule to be released by the end of June, as well as
to the continuation of drilling in the Hartford Complex.”

The drilling is highlighted by a ten foot interval (415’-425’) grading
1.129 ounces per ton gold and 3.39 ounces per ton silver in Drill Hole 36.

—Drill Hole 30: encountered from the surface 55 feet grading
0.037 ounces per ton gold and 0.63 ounces per ton silver; followed by
70 feet (280’-350’) grading 0.017 ounces per ton gold and 0.31 ounces
per ton silver; then 35 feet (375’-410’) grading 0.060 ounces per ton
gold and 0.22 ounces per ton silver; and 60 feet (570’-630’) grading
0.020 ounces per ton gold and 0.89 ounces per ton silver.

—Drill Hole 31: encountered from the surface 15’ grading 0.053 ounces
per ton gold and 1.67 ounces per ton silver; followed by 145 feet
(225’-370’) grading 0.041 ounces per ton gold and 0.12 ounces per ton
silver, then 30 feet (390’-420’) grading 0.014 ounces per ton gold and
0.06 opt silver; and 60 feet (575’-635’) grading 0.080 ounces per ton
gold and 0.52 ounces per ton silver.

—Drill Hole 32: encountered from the surface 60 feet grading
0.039 ounces per ton gold 0.27 ounces per ton silver; followed by
70 feet (195’-265’) grading 0.026 ounces per ton gold and 0.33 ounces
per ton silver; followed by 20 feet (295’-315’) grading 0.019 ounces
per ton gold and 0.25 ounces per ton silver; then 40 feet (410’-460’)
grading 0.020 ounces per ton gold and 0.15 ounces per ton silver; and
30 feet (555’-585’) grading 0.017 ounces per ton gold and 0.74 ounces
per ton silver.  This hole bottomed in ore.

—Drill Hole 33: encountered from the surface to 15 feet material grading
0.019 ounces per ton gold and 0.16 ounces per ton silver; followed by
10 feet (30’-40’) grading 0.050 ounces per ton gold and 0.21 ounces per
ton silver; followed by five separate gold intervals from 160 feet to
420 feet with gold ranging from 0.015 ounces per ton gold to
0.045 ounces per ton gold with associated low grade silver.

—Drill Hole 34: encountered from the surface to ten feet material
grading 0.055 ounces per ton gold and 0.95 ounces per ton silver;
followed by intermittent intercepts from 195’ to 550’ where the hole
bottomed in ore.  Mineralization ranged from 0.021 ounces per ton gold
to 0.029 ounces per ton gold with associated low grade silver.

—Drill Hole 35: encountered from the surface to 15 feet grading
0.030 ounces per ton gold and 0.63 ounces per ton silver; followed by
20 feet (170’-190’) grading 0.033 ounces per ton gold and 0.16 ounces
per ton silver; followed by 60 feet (320’-380’) grading 0.026 ounces
per ton gold and 0.16 ounces per ton silver; followed by anomalous gold
and silver values from 400 feet to 560 feet.

—Drill Hole 36: encountered 15 feet (95’-110’) grading 0.191 ounces per
ton gold 0.18 silver; followed by 20 feet (175’-195’) grading 0.019
ounces per ton gold and 0.20 ounces per ton silver, followed by 50 feet
(205’-255’) grading 0.044 ounces per ton gold and 0.31 ounces per ton
silver, followed by 30 feet (285’-315’) grading 0.025 ounces per ton
gold and 0.08 ounces per ton silver, then 70 feet (330’-400’) grading
0.025 ounces per ton gold and 0.09 ounces per ton silver, highlighted
by 110 feet (410’-520’) grading 0.173 ounces per ton gold and
1.08 ounces per ton silver, and 40 feet 0.010 ounces per ton gold and
0.04 ounces per ton silver.

GoldSpring to Provide Special Investor Update on Tuesday, June 10th to Discuss Significant Developments and Preliminary Findings of 43-101 Resource Report on Valuation of Company’s Mineral Holdings in Nevada’s Comstock Lode Mining District



Company To Hold Conference Call and Webcast at 11 a.m. Eastern Time that
Day

GOLD HILL, Nev., June 6 /PRNewswire-FirstCall/—GoldSpring, Inc. (OTC
Bulletin Board: GSPG), the largest mineral rights land position in Nevada’s
Comstock Lode Mining District, announced today that it will hold a
conference call on Tuesday, June 10th at 11 a.m. eastern time at which time
it expects to discuss the preliminary findings of the 43-101 resource
report that was conducted by an independent geology firm to determine the
value of the mineral rights held by the Company in Nevada’s Comstock Lode
Mining District.

For the conference call, interested participants should dial
866-214-7077 when calling within the United States or 416-915-9608 when
calling internationally along with pass code 8254829. There will be a
playback available as well. To listen to the playback, please call
888-203-1112 when calling within the United States or 719-457-0820 when
calling internationally. Please use pass code 8254829 for the replay.

The call is also being webcast and can be access at GoldSpring’s
website at http://www.goldspring.us.

Pursuant to Regulation FD, the company reports that drill hole #40,
which is not included in the preliminary resource report being discussed on
Tuesday, encountered 5 feet of ore containing 1.937 ounces of gold per ton.
This is the highest grade of ore since the commencement of the drilling
program in December 2007.

About GoldSpring, Inc.

GoldSpring, Inc. is a North American precious metals mining company,
focused in Nevada, with extensive, contiguous property in the Comstock Lode
District. Our Company was formed in mid-2003, and we acquired two
properties in the Comstock Lode before the end of the year. We secured
permits, built an infrastructure and brought the exploration project into
test mining production within a year of its acquisition. The Company, in
2005, began consolidating the Comstock Lode by acquiring additional
properties in the district, expanding our footprint and creating
opportunities for exploration and mining. We are an emerging company,
looking to build on our success through the acquisition of other mineral
properties in the Comstock Lode District with reserves or exploration
potential. The Company’s objectives are to increase reserves through
exploration, expand its footprint in the Comstock, resume mining, optimize
its production, and maximize shareholder value

The Private Securities Litigation Reform Act of 1995 provides a ‘safe
harbor’ for forward-looking statements. Certain information included in
this communication (as well as information included in oral statements or
other written statements made or to be made by GoldSpring) contains
statements that are ‘forward-looking,’ as defined in Section 21E of the
Securities Exchange Act, such as statements relating to the future
anticipated direction of the high technology and energy industries, plans
for future expansion, various business development activities, planned
capital expenditures, future funding sources, anticipated sales growth,
mining capability and potential contracts. Such forward-looking information
involves important risks and uncertainties, which include the risk factors
disclosed in our most recent filings with the U.S. Securities and Exchange
Commission, that could significantly affect anticipated results in the
future and, accordingly, such results may differ from those expressed in
any forward-looking statements made by or on behalf of GoldSpring. These
risks and uncertainties include, but are not limited to, those relating to
development and expansion activities, dependence on existing management,
financial activities, domestic and global economic conditions, changes in
federal or state tax laws and market competition factors. These and other
factors, which could cause actual results to differ materially, are
discussed in more detail in GoldSpring’s filings with the Securities and
Exchange Commission. Forward-looking statements include statements
regarding our expectations, beliefs, intentions or strategies regarding the
future and can be identified by forward-looking words such as ‘anticipate,’
‘believe,’ ‘could,’ ‘estimate,’ ‘expect,’ ‘intend,’ ‘may,’ ‘should,’
‘will,’ and ‘would’ or similar words. We assume no obligation to update the
information included in this press release, whether as a result of new
information, future events or otherwise.

Contact information for GoldSpring, Inc.:
P.O. Box 1118
Virginia City, NV 89440
Tel 775.847.5272
Fax 775.847.4762
http://www.goldspring.us

Robert T. Faber, President and CEO
480.603.5151
775.847.5272
E-mail:

or

Dan Schustack, CEOcast, Inc. for GoldSpring, Inc. at (212) 732-4300

SOURCE GoldSpring, Inc.

GSPG

GoldSpring Assay Testing Continues to Produce Positive Results



GOLD HILL, Nev., July 2 /PRNewswire-FirstCall/—GoldSpring, Inc. (OTC
Bulletin Board: GSPG), the holder of what is believed to be the largest
mineral rights land position in Nevada’s Comstock Lode Mining District,
reported today assay results from its drill holes, numbered 37-44. Of note
is the fact that Hole #44 encountered five feet grading 1.559 ounces of
gold per ton and 6.35 ounces of silver per ton, suggesting potential for
high grade levels in the area of this Hole.

To date, the Company has drilled 57 holes and has received third-party
assay results for the first 43 of those drill holes. The Company expects to
receive assay results for holes 45 - 57 later this month. The Hartford
Complex represents less than five percent of the Company’s total
landholdings in the Comstock Lode.

“We are excited by these additional drill results. Our ongoing drilling
has furthered the delineation of the ore body at our Comstock Lode
project,” said Jim Golden. GoldSpring’s Chief Operating Officer. “We expect
to drill an additional 43 holes in the third quarter, bringing the total
number of drill holes in this phase of the exploration project to 100. Our
focus continues to be on completing our initial 43-101 resource report, and
we continue to be encouraged by our strong assay results.”

Assay results from drill holes 37-44 are set forth below, in reverse
order.

—Drill Hole 44: targeted high grade mineralization north of Drill
Hole # 40 encountering 60 feet (215’-275’) grading 0.172 opt gold and 1.19
opt silver including five feet (230’-235’) grading 1.559 opt gold and 6.35
opt silver, followed by eighty-five feet (345’-430’) grading 0.064 opt gold
and 0.06 silver including fifteen feet (355’-370’) grading 0.242 opt gold
and 0.20 opt silver.

-- Drill Hole 43: was targeted at mineralization dipping to the east of
the deposit. The drill hole encountered 75 feet (335’-410’) grading 0.01
ounces per ton gold and 0.43 ounces per ton silver.

—Drill Hole 42: was targeted at mineralization dipping to the east of
the deposit. The drill hole encountered 100 feet of precious metals values
at a depth of 615 feet to 715 feet bottoming in low grade gold/silver
mineralization.

—Drill Hole 41: encountered 10’-25’ grading 0.030 ounces per ton gold
and 0.17 ounces per ton silver; followed by 20 feet (135’-155’) grading
0.137 ounces per ton gold and 0.61 ounces per ton silver, then 85 feet
(185’-270’) grading 0.015 ounces per ton gold and 0.04 ounces per ton
silver; followed by 110 feet (295’-405’) grading 0.037 ounces per ton gold
and 0.61 ounces per ton silver, and 20 feet (540’-560’) grading 0.025
ounces per ton gold and 0.31 ounces per ton silver.

—Drill Hole 40: encountered 50 feet (210’-260’) grading 0.238 ounces
per ton gold and 0.16 ounces per ton silver including interval 235’-240’
grading 1.937 ounces per ton gold and 0.70 ounces per ton silver, and 15
feet (325’-340’) grading 0.043 ounces per ton gold and 0.68 ounces per ton
silver. This drill hole was previously announced.

—Drill Hole 39: encountered from the surface to 120 feet grading
0.031 ounces per ton gold and 0.43 ounces per ton silver, followed by a low
grading parting of 50 feet (120’-170’) grading 0.009 ounces per ton gold
and 0.37 ounces per ton silver, and continuing to 40 feet (170’-210’)
grading 0.040 ounces per ton gold and 1.00 ounces per ton silver.

—Drill Hole 38: encountered from the surface to 20 feet grading 0.087
ounces per ton gold and 0.83 ounces per ton silver, followed by 110 feet
(60’- 170’) grading 0.025 ounces per ton gold and 0.38 ounces per ton
silver, followed by 135 feet (190’-325’) grading 0.031 ounces per ton gold
and 0.73 silver, and 25 feet (400’-425’) grading 0.021 ounces per ton gold
and 0.35 ounces per ton silver. This hole bottomed in low grade gold
values.

—Drill Hole 37: encountered from the surface 155 feet grading 0.032
ounces per ton gold and 0.53 ounces per ton silver.

All of the assays referenced herein and the data derived therefrom have
been performed and analyzed by American Assay of Reno, Nevada, a laboratory
independent of GoldSpring, utilizing industry standard analytical methods.

About GoldSpring, Inc.

GoldSpring, Inc. is a North American precious metals mining company,
focused in Nevada, with extensive, contiguous property in the Comstock Lode
District. Our Company was formed in mid-2003, and we acquired two
properties in the Comstock Lode before the end of the year. We secured
permits, built an infrastructure and brought the exploration project into
test mining production within a year of its acquisition. The Company, in
2005, began consolidating the Comstock Lode by acquiring additional
properties in the district, expanding our footprint and creating
opportunities for exploration and mining. We are an emerging company,
looking to build on our success through the acquisition of other mineral
properties in the Comstock Lode District with reserves or exploration
potential. The Company’s objectives are to increase reserves through
exploration, expand its footprint in the Comstock, resume mining, optimize
its production, and maximize shareholder value

The Private Securities Litigation Reform Act of 1995 provides a ‘safe
harbor’ for forward-looking statements. Certain information included in
this communication (as well as information included in oral statements or
other written statements made or to be made by GoldSpring) contains
statements that are ‘forward-looking,’ as defined in Section 21E of the
Securities Exchange Act, such as statements relating to the future
anticipated direction of the high technology and energy industries, plans
for future expansion, various business development activities, planned
capital expenditures, future funding sources, anticipated sales growth,
mining capability and potential contracts. Such forward-looking information
involves important risks and uncertainties, which include the risk factors
disclosed in our most recent filings with the U.S. Securities and Exchange
Commission, that could significantly affect anticipated results in the
future and, accordingly, such results may differ from those expressed in
any forward-looking statements made by or on behalf of GoldSpring. These
risks and uncertainties include, but are not limited to, those relating to
development and expansion activities, dependence on existing management,
financial activities, domestic and global economic conditions, changes in
federal or state tax laws and market competition factors. These and other
factors, which could cause actual results to differ materially, are
discussed in more detail in GoldSpring’s filings with the Securities and
Exchange Commission. Forward-looking statements include statements
regarding our expectations, beliefs, intentions or strategies regarding the
future and can be identified by forward-looking words such as ‘anticipate,’
‘believe,’ ‘could,’ ‘estimate,’ ‘expect,’ ‘intend,’ ‘may,’ ‘should,’
‘will,’ and ‘would’ or similar words. We assume no obligation to update the
information included in this press release, whether as a result of new
information, future events or otherwise.

Contact information for GoldSpring, Inc.:
P.O. Box 1118
Virginia City, NV 89440
Tel 775.847.5272
Fax 775.847.4762
http://www.goldspring.us

Robert T. Faber, President and CEO
480.603.5151
775.847.5272
E-mail:

or

Dan Schustack, CEOcast, Inc. for GoldSpring, Inc. at (212) 732-4300

SOURCE GoldSpring, Inc.

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