New Gold System Discover On The New Tremor Target

VANCOUVER - Gold Springs Resource Corp. reported results from hole J-21-015 with an average of 1.0 g/t gold equivalent over more that 163 meters located 180 meters south of the discovery hole J-21-006. These results confirm the existence of a new gold mineralizing system called "Intrusive-Related Gold System (IRGS)" on a new target which has been named Tremor. This new gold system is situated along the northern extension of the Jumbo Trend of the large Gold Springs project of 8000 ha located on the border of Nevada and Utah.

J-21-015 highlights include 1.0 g/t gold equivalent over 163.1 meters: 1.42 g/t gold equivalent over 33.5 meters within the vein, which includes, 3.26 g/t gold equivalent over 10.7 meters within the vein, and 0.94 g/t gold equivalent over 123.5 meters within the intrusive and contact zone.

Randall Moore, Executive Vice President of Exploration, said, "We have been anxiously awaiting these results which now confirm what we believe to be a major new discovery. The existence of an IRGS at Gold Springs opens a potentially large area to develop a new gold resource. Hole J-21-015 extended both the high-grade vein system and the gold mineralization associated with the intrusive first seen in hole J-21-006. We would also like to highlight that both holes ended in gold mineralization. We are now awaiting assays from another 15 holes at "Tremor" that are currently in the laboratory for testing. Drilling has extended this northern vein for over 200 meters and the "Tremor" intrusive zone for 600 meters along strike as seen in the drill cuttings. The thickest intercept within the intrusive thus far has been 280 meters."