Mr. Killian Ruby reports

GOLD SPRINGS RESOURCE ANNOUNCES CLOSING OF CAD$2,000,000 NON-BROKERED PRIVATE PLACEMENT

Gold Springs Resource Corp. has closed a $2-million non-brokered private placement of 20 million common shares of the company at a price of 10 cents per share, with no commissions paid or warrants issued.

The private placement will be used for working capital, including to repay working capital advances of $1-million already received by the company. The shares issued will be subject to a four-month hold period from the closing date.

The president and chief executive officer of the company has provided working capital advances through one of his companies and participated in the private placement for $453,840. Therefore, he is a related party of the company, as defined by Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The company is relying on the exemptions provided by MI 61-101, both from the formal valuation requirement and the minority shareholder approval requirement under sections 5.5(a) and 5.7(1)(a), respectively, on the basis that neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involves the related party, exceeds 25 per cent of the company's market capitalization, calculated in accordance with MI 61-101. The company did not file a material change report more than 21 days before the expected closing date of the private placement, as the company closed on an expedited basis to provide additional required financing for its continuing working capital requirements.

About Gold Springs Resource Corp.

Gold Springs Resource is focused on the exploration and expansion of the gold and silver resources of its large Gold Springs project, located on the border of Nevada and Utah, United States. The Gold Springs 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.