GoldSpring Announces Opening of New Corporate Office

RENO, Nev., Sept. 11 /PRNewswire-FirstCall/ -- GoldSpring, Inc. (OTC Bulletin Board: GSPG.OB) announced today that it has opened a new corporate office in Reno, Nevada. The new Reno office positions the company's senior management closer to the nation's top mining industry professionals and strategic vendors. The Reno headquarters is also providing a base for Company executives to meet with investors and joint venture partners and is serving as a strategic headquarters for the Company's Comstock Lode project. The opening of the new corporate office is part of the Company's overall strategy of resuming gold and silver production while simultaneously conducting exploration drilling to expand its known ore body at its Comstock Lode project.

"The creation of a corporate office is an important step in GoldSpring's growth and return to gold and silver production," said Rob Faber, President and CEO. "This move will allow the Company to separate the executive functions from the operational matters. The new office will provide a base to attract top mining industry talent and enhance our productivity by keeping us near to recognized leaders in the mining industry."

This move is the next step in GoldSpring's path toward mine production at the Hartford/Lucerne Complex and further exploration of its gold and silver deposits in the Comstock. The new GoldSpring Corporate Office is located at 5301 Longley Lane, Suite D143, Reno, Nevada 89511.

About GoldSpring, Inc.

GoldSpring, Inc. is a North American precious metals mining company, focused in Nevada, with extensive land holding in the Comstock Gold-Silver District of Nevada. The Company has defined an initial gold and silver deposit at the Hartford / Lucerne complex and has secured several of the key mining permits required to develop the project. The Company is currently engaged in an aggressive exploration program to define the extent of the Hartford / Lucerne complex, assess other key exploration targets on its large land package and push the project toward production. The high-grade nature of the bulk tonnage Hartford / Lucerne deposit and its favorable configuration has positioned the Company to become a new gold-silver producer in the future.

Cautionary Note to U.S. Investors: The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We may use certain terms on this press release, such as "measured", "indicated", and "inferred" resources, which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. investors are urged to consider closely the disclosure in our Form 10-KSB which may be secured from us, or from the SEC's website at http://www.sec.gov/edgar.shtml

The Private Securities Litigation Reform Act of 1995 provides a 'safe harbor' for forward-looking statements. Certain information included in this communication (as well as information included in oral statements or other written statements made or to be made by GoldSpring) contains statements that are 'forward-looking,' as defined in Section 21E of the Securities Exchange Act, such as statements relating to the future anticipated direction of the high technology and energy industries, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth, mining capability and potential contracts. Such forward-looking information involves important risks and uncertainties, which include the risk factors disclosed in our most recent filings with the U.S. Securities and Exchange Commission, that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of GoldSpring.

These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financial activities, domestic and global economic conditions, changes in federal or state tax laws and market competition factors. These and other factors, which could cause actual results to differ materially, are discussed in more detail in GoldSpring's filings with the Securities and Exchange Commission. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as 'anticipate,' 'believe,' 'could,' 'estimate,' 'expect,' 'intend,' 'may,' 'should,' 'will,' and 'would' or similar words. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

    Contact information for GoldSpring, Inc.:
    P.O. Box 1118
    Virginia City, NV 89440
    Tel 775.847.5272
    Fax 775.847.4762
    http://www.goldspring.us

    Robert T. Faber, President and CEO
    480.603.5151
    775.847.5272
    E-mail: rfaber@goldspring.us

SOURCE GoldSpring, Inc.