Mr. Antonio Canton reports

GOLD SPRINGS RESOURCE CORP. FILES Q2 2024 FINANCIAL STATEMENTS AND MDA

Gold Springs Resource Corp. has released its unaudited consolidated financial statements for the three and six months ended June 30, 2024, and the related management discussion and analysis of financial position and results of operations. In this press release, all amounts are expressed in U.S. dollars, unless otherwise indicated.

During the six months ended June 30, 2024, general and administrative expenses, excluding non-cash share-based payments, decreased to $310,000 compared with $330,000 during the six months ended June 30, 2023. During the three months ended June 30, 2024, general and administrative expenses, excluding non-cash share-based payments, were $160,000, compared with $160,000 during the three months ended June 30, 2023. Exploration spending during the six months ended June 30, 2024, decreased to $170,000 from $670,000 incurred during the same period of the prior year. During the six months ended June 30, 2024, the company reported a net loss of $340,000 (nil per share), compared with net loss of $280,000 (nil loss per share), primarily resulting from an increase in non-cash share-based payments expense of $50,000. During the three months ended June 30, 2024, the company reported a net loss of $180,000 (nil loss per share) compared with net loss of $80,000 (nil loss per share), primarily resulting from an increase in non-cash share-based payment expense of $80,000. As of June 30, 2024, the company had cash of $10,000.

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 project is situated in the prolific Great basin of the Western United States, one of the best mining jurisdictions in the world.

We seek Safe Harbor.