Investor Update
CONFIDENTIAL
February 2008
A Florida Corporation
NASDAQ OTC Bulletin Board
Trading Symbol: GSPG
1200 American Flat Road, PO Box 1118, Virginia City, NV 89440
Tel: 775.847.5272 Fax: 775.847.4762 www.goldspring.us
Cautionary Statements
Certain information or contained or incorporated by reference in this presentation and related material, including any
information as to our future financial or operating performance, constitutes “forward-looking statements”. All
statements other than statements of historical fact, are forwarding looking statements. The words “believe”, “expect”,
“anticipate”, “contemplate”, “target”, “plan”, “intends”, “continue”, “budget”, “estimate”, “may” “will”, “schedule”,
and expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a
number of estimates and assumptions that, while considered reasonable by us, are inherently subject to significant
business, economic, and competitive uncertainties and contingencies. Know and unknown factors could cause actual
results to differ materially from the projected in the forward-looking statements. Such factors include, but are not
limited to: fluctuations in the currency markets; fluctuations in the spot and forward price of gold, silver or certain
other commodities (such as diesel fuel and electricity); changes in U.S. dollar interest rates; changes in national or local
legislation, taxation, controls, regulations and political and economic developments in the United States; business
opportunities that may be presented to, or pursued by, us; our ability to successfully integrate acquisitions, operating or
technical difficulties in connection with mining or developmental activities; employee relations; availability and
increasing costs associated with mining inputs and labor; speculative nature of exploration and development, including
the risks of obtaining necessary permits and licenses; diminishing quantities or grade of reserves; and contests over
title to properties. In addition, there are risks associated with the business of exploration, development and mining,
including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, flooding, gold
bullion losses and the risk of inadequate insurance. Many of these uncertainties and contingencies could affect our
actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking
statement made by, or on behalf of, us. Readers are cautioned that forward-looking statements are not guarantees of
future performance. All of the forward-looking statements made in this presentation are qualified by these cautionary
statements. Specific reference is made to GoldSpring’s most recent 10-KSB and 10-QSB on file with the SEC for a
discussion of some of the factors underlying forward-looking statements.
We disclaim any intention or obligation to update or revise any forward-looking statement whether as a result of new
information, future events or otherwise, except to the extent required by applicable law.
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GoldSpring, Inc. (GSPG)
We are a North American precious metals mining company with an operating gold and silver test mine in northern
Nevada. Our Company was formed in mid-2003, and we acquired the Plum property in November 2003. In our
relatively short history, we secured permits, built an infrastructure and brought the Plum exploration project into test
mining production. Beginning in 2005, we started acquiring additional properties around the Plum project in Northern
Nevada, expanding our footprint and creating opportunities for exploration. We are an emerging company, looking to
build on our success through the acquisition of other mineral properties in North America with reserves and
exploration potential that can be efficiently put into near-term production.
Our Short-term Objectives are to:
1.
Consolidate the Comstock District
2.
Complete drilling and metallurgy on the Hartford Complex
3.
Complete Gold and Silver Reserve Report for the Hartford Complex
4.
Complete Detailed Mining Plan for the Hartford Complex
5.
Commence Gold and Silver Production by Open Pit Mining
6.
Begin Deep Exploration Drilling for Underground Targets
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The Comstock
One of Worlds “Giant” Mineral
Districts.
Produced ores containing 15
million ounces of gold and 230
million ounces of silver.
33 Bonanza discoveries
Now One of Nevada’s most under-
explored districts in terms of
Modern Exploration
Abundant remaining exploration
opportunities.
Second largest trend in U.S.(Carlin
Trend is first)
Virginia City
Gold Hill
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December 2007 Drilling Results
Four exploratory holes were drilled in a line, demonstrating lateral continuity between the drill holes.
The drill results indicate the continuation of the gold and silver mineralization beyond the current
boundaries of the Hartford Complex pit on to the Company's adjoining claims further expanding the
known ore body.
The third party assay results showed ore grades that were 30% greater than the initial grades indicated
by the Company's preliminary in-house assays.
The first exploratory hole encountered 80 feet of precious metals mineralization from a depth of 70' to
150' grading 0.056 opt gold and 0.668 opt silver. The hole is highlighted by 10' grading 0.117 opt gold and
1.611 opt silver.
The second exploratory hole encountered 115' (160' - 275') of precious metals mineralization grading
0.074 opt gold and 0.69 opt silver, highlighted by 15' grading 0.180 opt gold and 0.67 opt silver.
The third and fourth exploratory holes encountered gold values highlighted by 30' of 0.036 opt gold and
1.00 opt silver.
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December 2007 Drilling Results
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Reverse Circulation drilling along west to east fences in the Lucerne Pit area
has returned anomalous to ore-grade (up to 0.1 oz/ton) gold values in seven of
seven holes as determined by Goldsprings’ in-house analyses; assays are
pending from a commercial laboratory.
Gold mineralization is hosted in the Santiago Canyon Tuff, the same silicified
tuff that hosts the gold reserve mined earlier in the adjacent Billie-the-Kid open
pit.
The drill pattern covers 200’ strike, across 200’ laterally over three drill fences.
Quartz veining in favorable tuff ranges to 50’ drilled thickness.
Future plans are to expand the drill pattern both east and west along existing
drill fences and to establish new drill fences, both north and south, as gold
mineralization is open in all directions.
Telesco Engineering Report Summary
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Comstock Lode Mine
Steps to Resume Production
Comprehensive Geological Review in Process
Drilling Program commenced 12/07
Reserve report scheduled to be completed by
5/08
Comprehensive mine plan for the Hartford
Complex
Metallurgical Testing in Process
Add secondary crusher
Add mill (Permitting in Process)
Add haul vehicles and other equipment to
takeover mining process
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The Comstock Property
Historical Information
Acquired Company in November 2003
Obtained required regulatory and environmental permits:
Air quality control permit
Water Usage
Cyanide Heap Leach Special Use Permit
County special use permit
Reclamation permit
Storm water drainage permit
Water rights
Wildlife permit
Water pollution permit
State mine inspector notice
Federal mine inspector notice
Gold production: 11,536 ounces
Silver production: 45,376 ounces
Tons of ore mined: 340,000
Tons of waste: 659,000
Recovered grade of gold: 0.034
Recovered grade of silver: 0.13
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Gold Forecast 2008 (Range $800 to $1,500)
Goldman Sachs $800/oz
Citigroup $1,000/oz
Merrill Lynch $1,000/oz
Morgan Stanley $1,000/oz (Gold Market has a long way to go beyond 2008)
Deutsche Bank $820/oz
JP Morgan Chase $814/oz
Barclays $830/oz
Kitco $1,400/oz
National Bank Financial $1,500/oz
GFMS $1,000/oz
6.00
Prime %
88.41
Oil $/bbl
900.00
Gold $/oz
4.60
Unemployment %
.63
GDP Growth %
4.12
Inflation %
Value
Indicator
Current Economic Indicators
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Consolidation of the Comstock District -
Acquired properties at favorable prices
Expanded Comstock footprint through the staking of addition mineral claims – Approx.
1,000 acres
Largest footprint ever held in the Comstock and the ability to acquire additional properties
(Consolidation of the Comstock District)
Fully Permitted Cyanide Heap Leach Mining
Exploration opportunities exist on all properties
Optimistic upside exploration potential – 1 to 3 million additional ounces of gold
December 2007 Stage 1 exploratory Drilling delivered positive results
Stage 2 Exploratory nearly complete and in-house results are encouraging
Ability to accelerate production in near term
Positioned for Growth and Profitability
GoldSpring, Inc. – Investment Overview
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