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GOLD HILL, Nev., June 9, 2008 /PRNewswire-FirstCall via COMTEX/ -- GoldSpring, Inc. (OTC Bulletin Board: GSPG), the largest mineral rights land position in Nevada's Comstock Lode Mining District, reported today that drill hole #40 at the Hartford Complex, which is not included in the independent preliminary resource report being discussed on a conference call tomorrow, which has been rescheduled for 4:30 p.m. eastern time, encountered five feet of ore containing 1.927 ounces of gold per ton. This hole, due to the high-grade of mineralization, has the potential to have Bonanza levels of gold. This is the highest grade of ore the Company has identified since the commencement of the drilling program in December 2007. Hole #40 is located in a different zone than the drilling activity reported previously.

"We believe drill hole #40 suggests that the Hartford Complex, which we have always believed to be a potentially very strong resource for gold, could exceed the previous expectations set forth in the preliminary report which is being discussed on tomorrow's conference call (which does not address drill hole #40)," said Jim Golden, GoldSpring's Chief Operating Officer. "Drill hole #40 provides even stronger support for our conclusion that continued exploration in the vicinity of our on-going drilling program will result in a dramatic increase in the company's precious metals resource and substantially increase the value of our holdings."

To date, the Company has drilled 54 holes and has received third-party assay results for the first 42 of those drill holes. The Company expects to receive assay results for the balance of the 54 drill holes in June. The Hartford Complex represents less than five percent of the Company's total landholdings in the Comstock Lode.

The Company will hold a conference call tomorrow at 4:30 p.m. eastern time to discuss hole #40 and the preliminary findings of the 43-101 reserve report. Interested participants should dial 866-214-7077 when calling within the United States or 416-915-9608 when calling internationally along with pass code 8254829. There will be a playback available as well. To listen to the playback, please call 888-203-1112 when calling within the United States or 719-457-0820 when calling internationally. Please use pass code 8254829 for the replay. The call is also being webcast and can be access at GoldSpring's website at http://www.goldspring.us.