Comstock Inc (LODE)

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PR: GoldSpring to Appoint New Director

Jonathan D. Jaffrey to be Appointed to GoldSpring Board

GOLD HILL, Nev., July 14, 2008 /PRNewswire-FirstCall via COMTEX/ -- GoldSpring,
Inc. (GSPG) reported today that it has recommended to its Board of Directors the
election of Jonathan D. Jaffrey to serve as an independent director. The addition
of Mr. Jaffrey will bring the total number of directors to four and subject to
completion of administrative paperwork is expected to provide a fully independent
Board member able to sit on various Board Committees for which independence is a
prerequisite (i.e.: Audit Committee). "The addition of Jonathan Jaffrey as an
independent director strengthens the composition of the GoldSpring Board and
demonstrates the increase of credibility and acceptance of GoldSpring in the
marketplace," stated Bill Nance, GoldSpring's Chairman of the Board. "Mr. Jaffrey
brings a great deal of investment strategy and oversight experience to the
Company, and his interest in joining the GoldSpring Board is the result of years
of hard preparatory work in positioning GoldSpring as a potential leader among
its peers."

Jonathan D. Jaffrey is the President and a founding partner of Springbanc
Philanthropy Advisors, a nationally focused philanthropy consultancy. Mr. Jaffrey
most recently served as chief operating officer, chief financial officer, and
member of the investment committee for the W.M. Keck Foundation, a $1.4 billion
private foundation focusing on science and engineering research, medical
research, liberal arts, and community programs in Southern California. In
addition to his duties at the W.M. Keck Foundation, Mr. Jaffrey served as
President of a multigenerational family office serving the needs of a Los Angeles
based Forbes 400 family. Mr. Jaffrey's experience spans nearly two decades,
hundreds of millions of dollars in charitable giving, and a wide range of
industry experience, each imparting invaluable business acumen. Mr. Jaffrey holds
an M.B.A. from the University of Southern California.

About GoldSpring, Inc.

GoldSpring, Inc. is a North American precious metals mining company, focused in
Nevada, with extensive, contiguous property in the Comstock Lode District. Our
Company was formed in mid-2003, and we acquired two properties in the Comstock
Lode before the end of the year. We secured permits, built an infrastructure and
brought the exploration project into test mining production within a year of its
acquisition. The Company, in 2005, began consolidating the Comstock Lode by
acquiring additional properties in the district, expanding our footprint and
creating opportunities for exploration and mining. We are an emerging company,
looking to build on our success through the acquisition of other mineral
properties in the Comstock Lode District with reserves or exploration potential.
The Company's objectives are to increase reserves through exploration, expand its
footprint in the Comstock, resume mining, optimize its production, and maximize
shareholder value.

The Private Securities Litigation Reform Act of 1995 provides a 'safe harbor' for
forward-looking statements. Certain information included in this communication
(as well as information included in oral statements or other written statements
made or to be made by GoldSpring) contains statements that are 'forward-looking,'
as defined in Section 21E of the Securities Exchange Act, such as statements
relating to the future anticipated direction of the high technology and energy
industries, plans for future expansion, various business development activities,
planned capital expenditures, future funding sources, anticipated sales growth,
mining capability and potential contracts. Such forward-looking information
involves important risks and uncertainties, which include the risk factors
disclosed in our most recent filings with the U.S. Securities and Exchange
Commission, that could significantly affect anticipated results in the future
and, accordingly, such results may differ from those expressed in any
forward-looking statements made by or on behalf of GoldSpring. These risks and
uncertainties include, but are not limited to, those relating to development and
expansion activities, dependence on existing management, financial activities,
domestic and global economic conditions, changes in federal or state tax laws and
market competition factors. These and other factors, which could cause actual
results to differ materially, are discussed in more detail in GoldSpring's
filings with the Securities and Exchange Commission. Forward-looking statements
include statements regarding our expectations, beliefs, intentions or strategies
regarding the future and can be identified by forward-looking words such as
'anticipate,' 'believe,' 'could,' 'estimate,' 'expect,' 'intend,' 'may,'
'should,' 'will,' and 'would' or similar words. We assume no obligation to update
the information included in this press release, whether as a result of new
information, future events or otherwise.

Contact information for GoldSpring, Inc.:
P.O. Box 1118
Virginia City, NV 89440
Tel [phone]
Fax [phone]
http://www.goldspring.us

Robert T. Faber, President and CEO
480.603.5151
775.847.5272
E-mail: [e-mail]

or

Dan Schustack, CEOcast, Inc. for GoldSpring, Inc. at [phone]



SOURCE GoldSpring, Inc.
http://www.goldspring.us


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