SOURCE: GoldSpan Resources, Inc

May 02, 2013 14:06 ET

Goldspan Resources, Inc., Enters Into a Preliminary Strategic Alliance With Santa Fe Gold Corporation

LAKEWOOD, CO--(Marketwired - May 02, 2013) -  GoldSpan Resources, Inc. (OTCQB: GSPN) has entered into a preliminary Strategic Alliance with Santa Fe Gold Corp (SFEG) of Albuquerque, New Mexico.

"As President of Goldspan Resources, Inc., Phillip Allen recently toured the Santa Fe Gold mill in Lordsburg, NM and also their Summit Gold and Silver Mine which is fully operational since early last year and is looking to double gold and silver production by years end. Santa Fe Gold's CEO, W. Pierce Carson, having turned this mine and mill into performing assets, the Company can use a strategic partner who can seek out additional gold and silver mining properties in NM which may well be viable development projects. Goldspan's management team is properly positioned to do just that. As Mining properties are evaluated, assessed and a cost and time analysis completed by Santa Fe Gold, the two parties can decide whether to do a Joint Venture. Possibly Goldspan will acquire them and then contract Santa Fe Gold to develop and operate the mines. No cash or stock exchange will be involved in this preliminary Agreement. Initially these services to each company will be provided on an 'in kind' basis. The exact details of the Agreement, when completed, will be filed with the SEC in an 8-K filing.

About Santa Fe Gold Corp; Santa Fe Gold is a U.S.-based, fully operational, mining and exploration enterprise focused on acquiring and developing gold, silver, copper and industrial mineral properties. Santa Fe controls: (i) the Summit mine and Lordsburg mill in southwestern New Mexico, which began commercial production in 2012; (ii) a substantial land position near the Lordsburg mill, comprising the core of the Lordsburg Mining District; (iii) the Mogollon gold-silver project, within trucking distance of the Lordsburg mill; (iv) the Ortiz gold property in north-central New Mexico; (v) the Black Canyon mica deposit near Phoenix, Arizona; and (vi) a deposit of micaceous iron oxide (MIO) in western Arizona. Santa Fe Gold intends to build a portfolio of high-quality, diversified mineral assets with an emphasis on precious metals.

To learn more about Santa Fe Gold, visit www.santafegoldcorp.com.

About Goldspan Resources, Inc. (GRI), GRI is a development stage resource exploration and development company seeking gold properties in the United States. Having just filed its financials after a long period of inactivity, the Company is fully reporting and current and trading on the OTC.QB. President Phillip Allen sees a very promising year with its ever expanding involvement and relationships in the resource exploration and development arena of North America. Clearly gold is a strong and sound industry where, if one can truly execute effectively and efficiently at acquiring and developing distressed mining properties, one should be successful in growing a solid foundation to build shareholder value.

To learn more about Goldspan Resources, visit www.GoldspanResources.com.

Forward-looking statement: No stock exchange or Securities Commission has approved nor disapproved the statements in this release. Any statements that are not strictly historical are "forward-looking statements" made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. These statements are subject to a number of risks and uncertainties that may affect actual events or results materially. These include, but are not limited to the Company's ability to obtain adequate financing to further its current and future business strategies; the Company's historical lack of profitability; the effects of business and economic conditions generally; and, other risks associated with a development stage company. All such forward-looking statements, whether written or oral and whether made by or on behalf of the Company are expressly qualified by these cautionary statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

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