SCOTTSDALE, Ariz., April 21, 2004 (PRIMEZONE) -- GoldSpring, Inc. (OTCBB:GSPG): GoldSpring's Board of Directors has appointed GoldSpring founder, Steve Parent, of Scottsdale, AZ, as its Chairman and Chief Executive Officer to round out its executive team in preparation for planned future growth. Steve brings both vision and hard work to the board and will be responsible for directing the internal growth and acquisitions program planned by the Company. Steve remains as manager of the Company's wholly owned affiliates, The Plum Mining Company, LLC, GoldSpring, LLC and EcoVat Copper Nevada, LLC and is in the process of hiring field managers for each Company as they roll into planned production later this year.
GoldSpring is fortunate to have a working board of directors that will handle the rapid growth planned by the Company as follows: John Cook, President, Rob Faber, CFO, Les Cahan, Director and Independent Directors Rana Medhi and Tony Applebaum who serve on the audit committee. The Company's annual meeting is planned be held in Reno on Tuesday, June 15, 2004 and a "Shareholder Event" is also planned at Plum Mining on Saturday, June 12, 2004. More details to follow.
GoldSpring, began business as a public company in March 2003 and has successfully raised over $12.5 million in equity since September 2003. It has brought The Plum Mine, acquired in November 2003, into full production. The Company's GoldSpring Placer gold claims located about 3 miles south of the Lucerne pit are planned to be brought into production next with the Big Mike Copper project being planned to be brought forward in the fall. 2004 should prove to be another rapid growth year with the addition of acquisitions that are under Letters Of Intent and evaluation. The Company has recently executed two Confidentiality Agreements to study 2 additional potential acquisitions in Nevada involving 200,000 plus ounces of gold reserves each.
GoldSpring's operations are going according to schedule and that the ups and downs of the marketplace are not the result of any adverse change in fundamentals of the company. We are fully financed and focused on production and rapid growth.
Further information will be forthcoming regarding ongoing corporate operations, acquisitions in progress and the pending AMEX listing when available for publication.
Corporate & Investor Relations: Steve Parent 480.505.4040 Email: info@goldspring.us www.goldspring.us
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.