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Re: kmp9643 post# 296

Wednesday, 05/17/2006 2:57:44 PM

Wednesday, May 17, 2006 2:57:44 PM

Post# of 24249
KMP....reading this pr today, I see six weeks for Plum mine....
Is this what you were referring to? tia. Babe

GoldSpring also announced that it has resumed drilling and processing operations at the Plum Mine in the last week and mining operations commenced on May 15, 2006. In a joint effort with Mine Development and Associates, the Company has recently completed its mine plan. Within the next six weeks, the Company expects to receive a qualified report measuring its proven and probable reserves. Based on the mine plan and internal calculations, the Company expects to ramp up monthly gold production to 1,200 ounces by mid-summer 2006 and anticipates gold production costs of less than $350 per ounce. Jim Golden stated, "Since last November, we have focused on improving the fundamentals of our operation, and we are now experiencing the positive results of our efforts. The current gold prices make this a unique time for developing mining companies, especially in the United States. We are excited about the possibilities created by this market and look forward to seizing the opportunities available for growth both within and outside the Comstock Lode of Nevada."

GoldSpring, Inc

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