Stage 1 Drill Results At Hartford Complex

GOLD HILL, NV - GoldSpring, Inc. reported that it has received assay data from
American Assay, an independent testing firm, for the four exploratory holes
drilled during December 2007 in the Hartford Complex in the Comstock Lode
District of Nevada. As part of the Company's Phase 1 Drilling Plan, the
four exploratory holes were drilled in a line, demonstrating lateral
continuity between the drill holes. The drill results indicate the
continuation of the gold and silver mineralization beyond the current
boundaries of the Hartford Complex pit on to the Company's adjoining claims
further expanding the known ore body. The third party assay results showed
ore grades that were 30% greater than the initial grades indicated by the
Company's preliminary in-house assays. The first exploratory hole, L07-01,
encountered 80 feet of precious metals mineralization from a depth of 70'
to 150' grading 0.056 opt gold and 0.668 opt silver. The hole is
highlighted by 10' grading 0.117 opt gold and 1.611 opt silver. The second
exploratory hole, L07-02, encountered 115' (160' - 275') of precious metals
mineralization grading 0.074 opt gold and 0.69 opt silver, highlighted by
15' grading 0.180 opt gold and 0.67 opt silver. The third and fourth
exploratory holes, L07-03 and L07-04, encountered gold values highlighted
by 30' of 0.036 opt gold and 1.00 opt silver.
The Company's Phase 1 Drilling Program commenced in the Lucerne Pit of
the Hartford Complex in December 2007. Jim Golden, GoldSpring's Chief
Operating Officer, said, "We are pleased to see the assay results from the
outside lab show significantly higher grades of ore than our in-house
testing. We are also encouraged by the fact that the mineralization lies
close to the surface, creating additional positive economic possibilities."
GoldSpring, Inc. is a North American precious metals mining company
with an operating gold and silver mine in northern Nevada. The Company was
formed in mid-2003 and acquired the Plum Mine property located in the
Comstock Lode District in November 2003. In the Company's relatively short
history, it secured permits, built an infrastructure and brought the
Comstock Lode project into production. Since 2005, the Company has been
acquiring additional properties around its Comstock Lode project in
northern Nevada, expanding its footprint and creating opportunities for
exploration.
The company's address is P.O. Box 1118, Virginia City, NV 89440, 775.847.5272, fax: 775.847.4762.