GoldSpring Update: Today's Market Activity Not Based On Fundamental Change In Company Or Operations


VIRGINIA CITY, Nev., March 2, 2004 (PRIMEZONE) -- GoldSpring, Inc. (OTCBB:GSPG) GoldSpring wishes to advise shareholders that today's market activity has no bearing on any change in its fundamentals or operations. To the contrary, corporate fundamentals and operations continue to progress positively.

Should any shareholder have questions, please call Steve Parent at 775.721.6428 in Virginia City, NV anytime, or Rob Faber at 480.603.5151, as we are currently in route to Nevada's Plum mining operations and will be there through Thursday.

Further information will be forthcoming regarding ongoing corporate operations, acquisitions in progress and financing when available for publication.

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



            

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