North Springs Resources Corp. is a Nevada Based Mineral exploration company focused on discovering and advancing precious metal properties in Nevada. The company is constantly looking to add to its asset property base, by acquiring additional leases, and entering into Joint Venture agreements and partnerships that the company feels will add to overall shareholder value

Project Overview

North Springs Property

Nevada The North Springs Gold Property is located about 8 miles northwest of town of Silver Peak, Nevada. The Silver Peak Mountain Range lies in the southern reaches of the Great Basin, within the Walker Lane structural corridor. The Walker Lane is a 100-km-wide region of right lateral, wrench-faulting which separates the Sierra Nevada batholith to the west and southwest and the Great Basin to the east and northeast.

The North Springs Gold Property consists of approximately 16 unpatented federal lode mining claims that cover two separate areas, the Roadrunner Block and the Coyote Summit Block, and total approximately 320 acres. The North Springs Gold Property shares very similar geology, alteration, mineralization, geochemistry and structural setting to that of the nearby (3 miles) Mineral Ridge Gold Deposits (estimated 500,000 oz. gold), and indeed, may actually be a continuation of the same gently-dipping, sheet-like body which hosts gold mineralization there. Gold mineralization at Mineral Ridge and the adjacent areas is hosted by localized pegmatitic alaskite and accessory quartz veins that exist near a granite-metasediment contact.

Both the North Springs Gold Property and the Mineral Ridge Gold Deposits are situated along a regional northwest trending, large anticline known as the Mineral Ridge Metamorphic Core Complex. This complex contains extensive high-grade gold veins (52 miles of underground workings on low-angle veins) and stacked, low angle, shear zones which have been open pit mined in several deposits. Historical sampling at the North Springs Gold Property has identified gold mineralization up to 0.8 ounces per ton from surface workings. The North Springs Gold project contains several untested gold targets that include open-pit, disseminated mineralization and high-grade shear zones and feeder veins, similar to those that have been mined by several mining companies at the nearby Mineral Ridge deposits. Management believes that in addition to its proximity to major discoveries (namely the Mineral Ridge Deposit), the North Springs Gold Property’s physical location makes it an ideal property for exploration and development. Existing infrastructure, including manpower and accessibility for the North Springs Property, is supported by the close proximity to the towns of Silver Peak and Tonopah, Nevada. State highways and paved roads provide easy access, while moderate temperatures allow for year-round physical work on the property.

North Springs is currently in the permitting stage of a proposed $500,000 work program that will focus on several untested gold targets that include disseminated mineralization, high-grade shear zones, and feeder veins similar to those that have been open-pit mined by several companies at other Mineral Ridge gold deposits in the area. The proposed work program will include an initial 10-hole reverse circulation drill program

Imperial Project

Nevada The Imperial Gold/Silver Property consists of 24 unpatented mineral claims in Nevada covering approximately 480 acres between the Montezuma Range to the northeast and the Silver Peak Range to the southwest. The claims include the site of the Imperial Mine, a documented historic gold and silver producer. The property hosts a potential “Carlin style” deposit of gold mineralization that is located near surface and likely amenable to low-cost and efficient heap leaching. Drilling conducted in the early 1980’s identified a target more than one mile long and intercepted 100 feet of 0.036 oz/ton gold including 15 feet of 0.062 oz/ton gold. Historical workings also defined a small reserve of 0.05 oz/ton gold mineralization and confirmed the presence of Carlin- style gold in silty rocks adjacent to northeast trending high angle feeder faults. These targets and others required further drill testing.

Previous operators also identified several high grade gold occurrences in the vicinity of the Imperial adit portals that remain undeveloped. Historical drilling of these targets showed very promising results such as 30 feet of mineralization averaging 0.081 oz/ton gold starting at the surface. This hole identified the location of a northeast trending feeder fault and indicates strong gold mineralization potential to the southwest which also remains untested. Other drilling highlights include; 7.636 oz/ton gold and 0.251 oz/ton silver over 2.5 feet; 1.517 oz/ton gold over 2.5 feet; and one drill hole which intersected 10 feet (105′ to 115′) of 0.50 oz/ton gold occurring within a larger 40 foot interval (100 to 140′) that averaged 0.154 oz/t gold. Published literature indicates that the Imperial Mine was first developed in the 1920’s.

The mine produced approximately 10,000 tons of ore grading 0.5 oz/ton and was probably shut down at the beginning of World War II. The mine has two adits, the longest of which has 2,620 feet of drifts and crosscuts. Ore mined from the property was previous treated by cyanide “vat” leach. Tailings on the property have been assayed and average 0.05 to 0.10 oz/ton gold. North Springs entered into a Minerals Lease and Agreement whereby the Company acquired the right to conduct mineral exploration activities for a term of twenty (20) years on Imperial Property, subject to a three percent (3%) Net Smelter Royalty. Under the terms of the agreements, North Springs shall fund an aggregate of three million US dollars ($3,000,000) in work commitments over the term, including $250,000 in 2012.

Goldstar / One Armed Joe

Arizona The Goldstar Property consists of 9,000 feet of gold bearing quartz veins in two zones (Goldstar: 6,000 feet and One Arm Joe: 3,000 feet) over nine (9) claim blocks totaling 180 acres. A small section of the 6,000 foot long Goldstar quartz vein zone is adjacent to the entire southern border of the Grijalva Mine, a former underground gold-silver-copper mine with production from quartz veins over a 29 year period between 1908 and 1936. The Goldstar Property is also located 20 miles northeast of the famous Vulture Mine, which became the most productive gold mine in Arizona history, producing 340,000 ounces of gold and 260,000 ounces of silver from high-grade quartz veins.

Previous exploration at the Goldstar Property, including extensive surface sampling (500+), mapping, trenching, assaying, and metallurgy, assisted in calculating the property’s estimated reserve of 500,000 tons with an average grade of 0.7oz gold per ton – which could yield approximately 350,000 ounces of gold. Based on current gold spot prices, the Goldstar Property may contain over $550 million in gross mineral value and could possibly be the largest hardrock gold mine in Arizona history.

North Springs earned its 20% interest in the Goldstar Property by already supplying funding of $500,000 towards the current exploration and development program. The Company also has the right to acquire an additional 15% interest in the Goldstar Property by supplying $3,000,000 in funding for further exploration and development. Previous exploration at the Goldstar Property assisted in the calculation of an estimated reserve of 500,000 tons with an average grade of 0.7oz gold per ton – which could yield approximately 350,000 ounces of gold. The Company and its partners are currently conducting a 15-hole diamond core drill program, focusing on seven (7) high-priority target areas.

Rio and Belo Properties

Guyana The Rio and Belo Properties cover a combined area of over 25,000 acres of prime greenstone belt located in the Kabouri Gold Mining Area, located about 160 km south-south west of Georgetown, Guyana. The Kabouri Gold Mining Area is part of a well-defined 1,000 mile long band of gold producing greenstone geology from Venezuela and French Guyana. Numerous world-class gold mines have operated in the region with an estimated total combined gold resource of over 110,000,000 ounces, including Las Christinas (17 Moz. – Venezuela), El Callo (18 Moz.-Venezuela), Toroparu (10 Moz. – Guyana), Aurora (6.5 Moz. – Guyana), Omai (4 Moz. – Guyana), Gros Rosebel (13.7 Moz. – Suriname), Nassau (9 Moz. – Suriname), and Paul Isnard (3.9 Moz. – French Guyana).

Both the Belo and Rio Properties show evidence of significant artisanal mining from alluvial, colluvial, and bedrock sources. Both properties also share similar geological and geochemical characteristics with several well-known formerly producing gold mines in the immediate area at Omai (4 Moz. historical – currently being redeveloped) and at the Omai West Project (estimated 1.1 Moz.) currently being developed by Azimuth Resources Limited just 12 miles to the south. North Springs has agreements to earn a 100% interest in the mineral rights conferred under two Prospecting Licences (Large Scale) at Rio and Belo under which they will conduct mineral exploration activities over a term of three (3) years on the two properties. Under the terms of the agreements, should a mine be developed, it is subject to a three percent (3%) Net Smelter Royalty. The Company has also agreed to carry out work programs of no less than five hundred thousand US dollars ($500,000) in the aggregate on each property.

Edum Banso Gold Project

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. 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. 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.

Future exploration at the Edum Banso Gold Project will test known areas of gold mineralization and other geological structures which have already demonstrated the potential to host significant gold deposits. 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.

Recent NSRS News:

January 31 – North Springs Resources Provides Current Update-Company Now Active at Three Gold Exploration Projects

North Springs Resources Corp. (OTCBB: NSRS)(OTCQB: NSRS)(PINKSHEETS: NSRS) is pleased to provide this current update to shareholders regarding its mineral exploration and development activities.

“The last month has been incredibly exciting to be a part of the North Springs Resources team. We have been successful at building a world-class portfolio of gold exploration properties and also secured the funding to move the projects forward,” stated Harry Lappa, President of North Springs. “Work crews have been active at three of our properties over the last few months, including a currently ongoing 21-hole diamond core drill program at Goldstar in Arizona; a property that new data suggests could contain even more gold than the previous 350,000 ounce estimate. We remain committed to creating value for shareholders by rapidly advancing our current portfolio of gold projects and by acquiring new projects which have significant upside.”

Lappa concluded by stating, “We continue to be amazed by the Goldstar Property in Arizona – the visible surface veins which are known to be the main carriers of gold in the area could potentially result in something very special at this project.”

The North Springs portfolio now contains five separate gold exploration and development projects, including the North Springs Property in Nevada, the Imperial Property also in Nevada, the Goldstar/One Arm Joe Project in Arizona, the Rio and Belo Properties in Guyana, and the Edum Banso Gold Project in Ghana.

Goldstar/One Arm Joe Project (20% interest, Wickenburg, Arizona)

The Goldstar Property consists of 9,000 feet of gold bearing quartz veins in two zones (Goldstar: 6,000 feet and One Arm Joe: 3,000 feet) over nine (9) claim blocks totaling 180 acres. Previous exploration at the Goldstar Property, including extensive surface sampling (500+), mapping, trenching, assaying, and metallurgy, assisted in calculating the property’s estimated reserve of 500,000 tons with an average grade of 0.7oz gold per ton – which could yield approximately 350,000 ounces of gold. Based on current gold spot prices, the Goldstar Property may contain over $550 million in gross mineral value and could result in possibly the largest hardrock gold mine in Arizona history.

North Springs and its partners are currently conducting a $500,000 21-hole drill program at Goldstar, focusing on seven (7) high-priority target areas. Early reports from the exploration team have been very positive. Visual inspection of the first target area shows multiple sections of distinct rock discoloration indicative of both quartz veining and iron oxide mineralization which are considered to be primary carriers of gold found in the region. Drilling is ongoing. Results will be released as they become available. Video footage featuring exploration activity and drilling at Goldstar is available for viewing at www.northspringsresources.com.

Imperial Property (100% interest, Esmeralda County, Nevada)

The Imperial Gold/Silver Property consists of 24 unpatented mineral claims in Nevada covering approximately 480 acres between the Montezuma Range to the northeast and the Silver Peak Range to the southwest. The claims include the site of the Imperial Mine, a documented historic gold and silver producer. Previous exploration has identified four high-priority target areas at the Imperial Property; Imperial Fault Target, Jasperoid Breccia Target, IP Target, and Resource Target.

North Springs recently started phase one exploration at Imperial and have already completed an initial sampling program at the old Imperial Mine site and from the high-priority Resource Target area. The Company has sent the new samples to the laboratory for immediate testing and intends to release the assay results as soon as they become available. The proposed $250,000 phase one exploration program will include geochemical and environmental studies, followed by a reverse-circulation drilling program intended to test previously identified mineralized zones and potentially increase the 50,000 ounce gold resource estimate made by previous operators.

North Springs Property (100% interest, Esmeralda County, Nevada)

The North Springs Gold Property is located about 8 miles northwest of town of Silver Peak, Nevada and consists of approximately 16 unpatented federal lode mining claims that cover two separate areas, the Roadrunner Block and the Coyote Summit Block, and total approximately 1,160 acres. The North Springs Gold Property shares very similar geology, alteration, mineralization, geochemistry and structural setting to that of the nearby (3 miles) Mineral Ridge Gold Deposits (estimated 500,000 oz. gold), and indeed, may actually be a continuation of the same gently-dipping, sheet-like body which hosts gold mineralization there. Historical sampling at the North Springs Gold Property has identified high-grade gold mineralization up to 0.8 ounces per ton from surface workings.

North Springs is reviewing a proposed $500,000 work program that will focus on several untested gold targets that include disseminated mineralization, high-grade shear zones, and feeder veins similar to those that have been open-pit mined by several companies at other Mineral Ridge gold deposits in the area. The proposed work program includes an initial 10-hole reverse circulation drill program.

Rio and Belo Properties (right to earn 100% interest, Guyana)

The Rio and Belo Properties cover a combined area of over 25,000 acres of prime greenstone belt located in the Kabouri Gold Mining Area, located about 160 km south-south west of Georgetown, Guyana. The Kabouri Gold Mining Area is part of a well-defined 1,000 mile long band of gold producing greenstone geology from Venezuela and French Guyana. The properties show evidence of significant small-scale artisanal mining from alluvial, colluvial, and bedrock sources. Both properties share similar geological and geochemical characteristics with several well-known formerly producing gold mines in the immediate area at Omai (4 Moz. historical – currently being redeveloped) and at the Omai West Project (1.1 Moz. Estimate) currently being developed by Azimuth Resources Limited just 12 miles to the south.

North Springs is currently working with a well-respected local Guyanese law firm as Guyana Counsel to assist with the process of complying with all applicable laws and regulations in Guyana prior to finalizing plans to move forward with the first phase of exploration at Rio and Belo.

Edum Banso Gold Project (25% interest + right to acquire another 10%, 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.

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. 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.

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.