Mr. Antonio Canton reports

GOLD SPRINGS RESOURCE CORP. 2022 DRILLING PROGRAM

Gold Springs Resource Corp. plans in 2022 to advance rapidly toward prefeasibility its 8,000-hectare Gold Springs project located in Nevada and Utah (United States).

The 2022 drilling program is designed:

• To expand the four existing resources, especially at North Jumbo and South Jumbo;
• To conduct follow-up drilling on the four significant new discoveries at Tremor, Charlie Ross, White Point and Homestake;
• To conduct new drilling on five targets at Midnight, Pope, Red Light, Snow and Horseshoe Extension.

All of these targets are ready to drill with roads and drill pads constructed.

The company's 2022 plan will aim to expand its resources areas and the number of ounces with:

• Two resource updates: in the first quarter with the 2021 drilling results and in the fourth quarter;
• One reverse circulation drill to expand the existing resources;
• One RC drill to follow up on the significant new discoveries and test new targets;
• One core drill to test deeper portions of some 2021 discoveries and collect material from the existing resources for metallurgical testing;
• Expanded CSAMT (controlled-source audio-frequency magnetotellurics) geophysical surveys;
• Baseline studies completed to advance the mine permitting process.

Antonio Canton, president and chief executive officer, stated: "Our 2022 plan demonstrates our commitment to rapidly advance Gold Springs, as we believe it has a huge potential. In conjunction with the drilling, we will move forward with the mine permitting process to further derisk a future mining operation. Two thousand twenty-one has been an exciting year with significant new discoveries, and now we are looking forward to a successful 2022 drilling season to expand our existing resources and to add new ones."

The RC drill program is expected to start in the first quarter, as soon as the weather conditions allow, with the core drilling starting the following month. The CSAMT ground geophysical survey should start in the second quarter and will cover many of the targets without surveys. This will include White Point, Midnight, Homestake, Horseshoe Extension, Iris, Grey Eagle, Ridge, West Ridge, Lost World and Camp Bell. This work will help define the limits of these targets, which are all partially covered by postmineral material.

(For additional information about the Tremor, Charlie Ross, White Point and Homestake discoveries, please refer to the company's press releases dated Dec. 3, 2021, Oct. 19, 2021, Dec. 17, 2021, and Jan. 7, 2020, respectively).

Qualified person

The qualified person on the Gold Springs project is Randall Moore, executive vice-president of exploration for Gold Springs Resource, and he has reviewed and approved the content of this press release.

About Gold Springs Resource Corp.

Gold Springs Resource is focused on the exploration and expansion of the gold and silver resources of its preliminary-economic-assessment-stage Gold Springs project located on the border of Nevada and Utah, United States. The project is situated in the prolific Great basin of Western United States, one of the best mining jurisdictions in the world.

We seek Safe Harbor.