North Springs Resources Corp.
OTCBB : NSRS
PINKSHEETS : NSRS

North Springs Resources Corp.

February 10, 2012 09:00 ET

North Springs Resources Partner Appoints Experienced Geologist to Lead Exploration and Development at Edum Banso Gold Project in Ghana

LAS VEGAS, NEVADA--(Marketwire - Feb. 10, 2012) - North Springs Resources Corp. (OTCBB:NSRS)(PINKSHEETS:NSRS) (the "Company" or "North Springs") is pleased to announce that Norman Cay Development, Inc. (OTCBB:NCDL)(PINKSHEETS:NCDL) ("Norman Cay"), the parent company of North Springs partner Discovery Gold Ghana Limited ("Discovery Gold"), has appointed Mr. Ralph Shearing to the position of Geological Consultant. Mr. Shearing shall provide corporate development and technical advice to Norman Cay regarding exploration and development of the Edum Banso Gold Project ("Edum Banso"), a high-potential gold exploration property in Ghana, Africa.

Mr. Shearing is a professional geologist with extensive experience throughout North America and internationally. Ralph is a graduate of the University of British Columbia, earning a B. Sc. Geology degree. Since graduating in 1981, he has been directly involved in several world class exploration and development projects and has gained hands-on experience in all aspects of mineral exploration, including geophysics, geochemistry, geology, and diamond core drilling, the latter as a senior partner of a successful contract diamond drilling company. For over 25 years, his active involvement with the management and directing of publicly traded companies, combined with his practical mineral exploration experience, has given him unique insight into the industry and allowed him to develop a well-rounded business approach for junior resource companies. In 1986, Mr. Shearing founded and is currently CEO and President of Soho Resources Corp., a TSX Venture Exchange listed mineral exploration and development company advancing the Tahuehueto Gold and Silver Project in Mexico with a Net Present Value of $109.6 million (independent NI-43101 compliant Preliminary Economic Assessment Report - October 2010).

"The appointment of an experienced geologist to lead the exploration and development efforts at Edum Banso is a significant step forward for the project and our partnership with Discovery Gold," said Harry Lappa, President of North Springs. "Mr. Shearing is a proven leader and his extensive mining industry and public company experience will be invaluable as the partners plan and execute their exploration strategy in Ghana."

The Edum Banso Gold Project concession covers 20.60 km2 (5,100 acres) located approximately 35 km (21 miles) northwest of city of Takoradi in the southeastern portion of Ghana's historic Ashanti Gold Belt, which is estimated to contain over 100 Moz. of gold within 60 miles of the property. The concession is situated less than one mile from the border of the HBB Father Brown/Adoikrom open pit gold deposits currently being mined by Golden Star Resources. Golden Star expects to produce 180,000 oz. of gold and generate over $280 million in gross revenue per year per from their HBB Father Brown/Adoikrom operations. Numerous other gold mines are also in operation in the area, including Iduapriem (16 miles - AngloGold Ashanti - 185,000 oz./year - 4.9 million oz. total, ~$8.575 billion in gross mineral value), Obuasi (55 miles - AngloGold Ashanti - 381,000 oz./year - 33.4 million oz. total, ~$58.45 billion in gross mineral value), Tarkwa/Damang (18 miles - Gold Fields - 928,000 oz./year - 19.6 million oz. total, ~$34.30 billion in gross mineral value), Bogosso/Prestea (29 miles - Golden Star - 180,000 oz./year - 3.8 million oz. total, ~$6.65 billion in gross mineral value), and Nzema (20 miles - Adamus - 100,000 oz./year - 3.0 million oz. total, ~$5.25 billion in gross mineral value).

Previous exploration conducted by Newmont Gold (2004) and others at Edum Banso included extensive geophysical (aeromagnetic) interpretation, soil and stream sediment sampling (5,758 samples), trenching (319 m total - 214 channel samples), auger drilling (252 holes), and rock chips (81 samples). To date, four distinct mineralized gold zones have been identified over an area approximately 5 miles long by a quarter mile wide, including two southern zones sharing contact with the unique circular shaped Mpohor Complex geologic structure, potentially one of the largest known gold bearing synvolcanic mafic intrusives on the African continent. The same Mpohor Complex structure and contact zones host the HBB Father Brown/Adoikrom deposits to the southeast.

Planned exploration work at Edum Banso includes additional geological mapping, prospecting, soil sampling, trenching, and a reverse-circulation (RC) drill program targeting 15-30 locations.

North Springs owns a 25% interest in Edum Banso and can acquire an additional 10% interest by paying $250,000 to Discovery Gold and funding a multi-phase $1,000,000 work commitment in 2012. The Company has already advanced $150,000 to Discovery Gold towards the total cash consideration with the balance of $100,000 payable within 30 days.

Further updates regarding the Edum Banso Gold Project and other North Springs business 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. Currently, we are in the evaluation and acquisition phase of operations. 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

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