Extension Of Gold Mineralization At The South Jumbo Resource

VANCOUVER - Gold Springs Resource Corp. has received assays from the final drill holes at South Jumbo as part of the 2022 drill campaign on its large Gold Springs project on the border of Nevada and Utah. Highlights include: 1) 0.83 g/t gold equivalent over 18.3 meters including 1.89 g/t gold equivalent over 6.1 meters in hole E-22-015. 2) 0.75 g/t gold equivalent over 6.1 meters in hole E-22-017. 3) 0.53 g/t gold equivalent over 13.8 meters and 0.96 g/t gold equivalent over 6.1 meters in hole E-22-018. 4) 1.05 g/t gold equivalent over 4.6 meters and 0.74 g/t gold equivalent over 26.0 meters in hole E-22-020.

Gold equivalent based on US$1,800/oz gold, US$25/oz silver and 50% for silver recovery.

Randall Moore, Executive Vice President of Exploration, said, ””These results of our 2022 drill program confirm the significant potential for expansion of our current gold resource at South Jumbo in various directions: 1) To the South - hole E-22-015. 2) To the North - hole E-22-020. 3) In the gap zone between the two resource blocks - holes E-22-017 and E-22-018.

GRC has now demonstrated the extension of gold mineralization in three different directions and also at depth. To the North the extension is significant as the hole E-22-020 with 1.05 g/t AuEq over 4.6 meters and 0.74 g/t AuEq over 26 meters is 80 meters north from the existing resource.

Once we update our model, follow-up holes will be planned with the objective to continue to expand gold mineralization in every direction, but especially to the north, towards Central Jumbo."