Gold Springs Project Six Drill Holes Completed

VANCOUVER - Gold Springs Resource Corp. has completed the first 1,253 meters in 6 holes of the planned 10,000-meter drill program at the Gold Springs project located in the Eastern Great Basin of Nevada and Utah. The objective of the Drill Program is to expand the North and South Jumbo mineral resources and to drill for the first time the new Juniper Target. Thus far 2 holes have been completed on the new Juniper Target, one hole on the southwest extension of the North Jumbo resource area, and three holes on the South Jumbo resource area. Winter-weather conditions during March have slowed the Drill Program, but the South Jumbo area is now clear of snow and mud where the Drill Program is expected to continue.

Visible gold was identified in the cuttings of drill hole E-21-003 at a down-hole depth of 152 meters within an area of intense silicification. For its entire length of 213 metres, hole E-21-003 displays strong epithermal alteration and micro-brecciation in pervasively silicified and sericite altered volcanic rocks. This type of alteration and ground preparation is seen throughout the resource areas. E-21-003 is designed to expand the South Jumbo mineral resource.

Matias Herrero, President and CEO,said, ”We are excited to be drilling once again at Gold Springs. The program is off to a good start with the holes encountering strong alteration similar to that seen within our resource areas. Hole E-21-003 is located in an area of the South Jumbo resource where we have a 250-meter gap in the resource-definition drilling, with only one older hole drilled in that area. The recent CSAMT geophysical-survey data is being very helpful in guiding the Drill Program. We are optimistic for our success to add ounces to the existing resources within the productive Jumbo Trend. We expect to receive the assays for these initial drill holes in late April".

All holes showed thick +30 meter intervals of strong alteration, other than hole JP-21-002 drilled at the Juniper Target. Juniper Target holes JP-21-001 and JP-21-002 were drilled from the same location but with an east and west direction respectively (see map attached) and were located adjacent to historic workings along the southern edge of the CSAMT high-resistivity anomaly. Cuttings from hole JP-21-001 displayed strong silicification and sericite alteration as it passed through the geophysical anomaly. Hole JP-21-002 crossed a fault at shallow depth and entered a down dropped block of post-mineral volcanic flows. GRC has constructed a total of 33 drill pads in the Juniper Target area for future testing.

Hole J-21-001 was located to test the southwest extension of the North Jumbo mineral resource (see map attached) and displayed strong alteration characteristics of the system. Snow and mud at North Jumbo forced the drilling to be moved to South Jumbo where ground conditions were more favorable. All three drill holes completed at South Jumbo, E-21-001, E-21-002 and E-21-003, intersected long intervals of silicification, sericite and brecciation outside of the current resource footprint.