North Springs Resources Corp.
OTCBB : NSRS
PINKSHEETS : NSRS

North Springs Resources Corp.

February 27, 2012 09:15 ET

North Springs Resources Completes Compilation of Historic Exploration Data at Imperial Property-Drill Program to Test Possible Extensions of Known Mineralized Vein System

LAS VEGAS, NEVADA--(Marketwire - Feb. 27, 2012) - North Springs Resources Corp. (OTCBB:NSRS)(PINKSHEETS:NSRS) (the "Company" or "North Springs") is pleased to announce that it has completed the digitization of all historic underground sampling and surface drilling data from its 100% owned Imperial Gold Silver Property, located about 150 miles northwest of Las Vegas, Nevada (the "Imperial Property"). The complete digital database contains the results of over 250 underground samples and 79 surface drill holes, along with data from the Company's own mapping and geochemical sampling program.

"We believe that this is the first time that all of the historic Imperial Property information has been put into one comprehensive digital database," stated Harry Lappa, President of North Springs. "Analysis of this proprietary database will allow us to understand this property unlike any other previous operator, and as a result, design a highly focused property-wide drill program. I expect to announce more details about the proposed drill program shortly."

Gold and silver results from the Company's sampling of the Upper and Lower Adits at the old Imperial Mine confirmed the reliability of the historic underground sampling. The Lower Adit is 2,620 feet long and the Upper Adit 950 feet long. Both adits were sampled throughout. Historic vein sampling results over 3 to six foot widths range from 0.033 oz./ton gold and 0.055 oz./ton silver to 7.636 oz./ton gold and 0.23 oz./ton silver. Although much of the mineralized vein material in proximity to the adits was removed by past mining, extensions of the known veins at depth and potential undiscovered parallel vein structures will be tested with an upcoming drilling program.

A total of 15 historic reverse circulation holes have been drilled into the Imperial Property vein system. All were drilled from north to south across the west-northwest trending Imperial fault system. Several holes hit workings, but others intersect mineralized veins. Results range from a 20 foot intersection averaging 0.037 oz./ton gold and 0.14 oz./ton silver and a 10 foot intersection averaging 0.502 oz./ton gold and 0.54 oz./ton silver. Although the historic drilling appears to have been conducted to industry standards, results have not yet been confirmed by analysis of drill cuttings or re-drilling and should be considered preliminary until such time.

Over 20 historic shallow air track and reverse circulation drill holes were completed in the "Resource Target", an open pit, heap leach gold/silver target. Results range from no significant gold to a 35 foot intersection averaging 0.072 oz./ton gold and 0.08 oz./ton silver. These results have also not yet been confirmed by analysis of drill cuttings or re-drilling and should be considered preliminary until such time.

Surface geochemical sampling and mapping is continuing at the Imperial Property to further define drilling targets. 3D modeling of mineralization found in underground sampling and drilling is in progress and a drilling plan is expected to be completed shortly. Environmental permitting of a multi-target reverse-circulation drill program will follow.

Further updates regarding the Imperial Gold Silver Property and other North Springs projects will be made as additional information becomes available.

About North Springs Resources Corp.

North Springs Resources Corp. is focused on the evaluation, acquisition, exploration, and development of mineral resource properties. The Company is led by a skilled and experienced management team and independent consulting geologists with many years of experience. North Springs is committed to creating value for its shareholders by advancing its current holdings and by acquiring new properties with significant potential.

For additional information, please visit www.northspringsresources.com.

Harry Lappa, President

THIS NEWS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS", AS THAT TERM IS DEFINED IN SECTION 27A OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND SECTION 21E OF THE UNITED STATES SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. STATEMENTS IN THIS NEWS RELEASE, WHICH ARE NOT PURELY HISTORICAL, ARE FORWARD-LOOKING STATEMENTS AND INCLUDE ANY STATEMENTS REGARDING BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS REGARDING THE FUTURE. EXCEPT FOR THE HISTORICAL INFORMATION PRESENTED HEREIN, MATTERS DISCUSSED IN THIS NEWS RELEASE CONTAIN FORWARD-LOOKING STATEMENTS THAT ARE SUBJECT TO CERTAIN RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH STATEMENTS. STATEMENTS THAT ARE NOT HISTORICAL FACTS, INCLUDING STATEMENTS THAT ARE PRECEDED BY, FOLLOWED BY, OR THAT INCLUDE SUCH WORDS AS "ESTIMATE", "ANTICIPATE", "BELIEVE", "PLAN" OR "EXPECT" OR SIMILAR STATEMENTS ARE FORWARD-LOOKING STATEMENTS. RISKS AND UNCERTAINTIES FOR THE COMPANY INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH NATURAL RESOURCE EXPLORATION AND DEVELOPMENT AND NEEDS FOR FUNDING AS WELL AS THE RISKS SHOWN IN THE COMPANY'S MOST RECENT ANNUAL REPORT ON FORM 10-K AND ON FORM 10-Q AND FROM TIME-TO-TIME IN OTHER PUBLICLY AVAILABLE INFORMATION REGARDING THE COMPANY. OTHER RISKS INCLUDE RISKS ASSOCIATED WITH THE REGULATORY APPROVAL PROCESS, COMPETITIVE COMPANIES, FUTURE CAPITAL REQUIREMENTS AND THE COMPANY'S ABILITY AND LEVEL OF SUPPORT FOR ITS EXPLORATION AND DEVELOPMENT ACTIVITIES. THERE CAN BE NO ASSURANCE THAT THE COMPANY'S DEVELOPMENT EFFORTS WILL SUCCEED AND THE COMPANY WILL ULTIMATELY ACHIEVE COMMERCIAL SUCCESS. THESE FORWARD-LOOKING STATEMENTS ARE MADE AS OF THE DATE OF THIS NEWS RELEASE, AND THE COMPANY ASSUMES NO OBLIGATION TO UPDATE THE FORWARD-LOOKING STATEMENTS, OR TO UPDATE THE REASONS WHY ACTUAL RESULTS COULD DIFFER FROM THOSE PROJECTED IN THE FORWARD-LOOKING STATEMENTS. ALTHOUGH THE COMPANY BELIEVES THAT THE BELIEFS, PLANS, EXPECTATIONS AND INTENTIONS CONTAINED IN THIS NEWS RELEASE ARE REASONABLE, THERE CAN BE NO ASSURANCE THOSE BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS WILL PROVE TO BE ACCURATE. INVESTORS SHOULD CONSIDER ALL OF THE INFORMATION SET FORTH HEREIN AND SHOULD ALSO REFER TO THE RISK FACTORS DISCLOSED IN THE COMPANY'S PERIODIC REPORTS FILED FROM TIME-TO-TIME WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION.

THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT OF THE COMPANY WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. FINRA, THE SEC AND THE OTCBB NEITHER APPROVES NOR DISAPPROVES THE CONTENTS OF THIS NEWS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE ANY SALE OF THESE SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION.

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