April 8, 2003

Stockhouse Canada News

http://www.stockhouse.ca/

GoldSpring, Inc. announced that the Production starting point for its gold production operation on the GoldSpring Placer Gold Claims has been established. During a 2 day property visit on April 2-3 with engineering and management personnel, the starting location was established on the Company's Spring Valley claims and according to test results is expected to yield an average of .03 oz per cubic yard from a production plant capable of treating 1 cubic yard of material per minute. This location was determined by evaluation of the extensive test work performed over the years and a reconciliation of the data to the physical claims in question. Initial production will be focused on the Company's Harlesk 1-6 claims. (See Bourne Report on www.goldspring.us )

Jerrie Gasch, www.geogasch.com,  Consulting Geologist stated: 'It certainly is exciting to see this definitive action being taken at this time ... I have recommended that a large volume placer gold mining operation be started on these claims for many years, and the GoldSpring group is now putting their plan into action.'

John Cook, GoldSpring's President said: 'We are fortunate to have the continuity of engineering information and expertise in place. We have put together an impressive engineering and operations team that enables us to proceed rapidly and with total confidence.'

The Company is now prepared to file a notice of location for permits with the Bureau of Land Management in Carson City, Nevada, and is negotiating mineral processing contracts that will accelerate production timing and project economics.

More information will be forthcoming on timing and material contracts in the near future.

Statements contained in this press release, which are not historical facts, are forward looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based largely on the Company's expectations and are subject to a number of risks and uncertainties beyond the company's control, including but not limited to economic, competitive and other factors affecting the Company's operations, management team effectiveness, expansion strategies, available financing, market prices and recovery costs, government regulations involving the Company, facts and events not known at the time of this release, and other factors discussed in the Company's filings with the Securities and Exchange Commission. These statements are not guarantees of future performance and readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company undertakes no obligation to update publicly any forward-looking statements.

http://www.stockhouse.ca/news/news.asp?tick=GSPG&newsid=1620610