North Springs Resources Corp. (NSRS)

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LAS VEGAS, NEVADA--(Marketwire -02/29/12)- North Springs Resources Corp. (OTC.BB: NSRS.OB - News)(Pinksheets: NSRS.OB - News) (the "Company" or "North Springs") is pleased to announce that it has completed the acquisition of a 10% interest in an option on various producing gold and silver properties in Chihuahua Mexico from Hyperion Management Mining S.A. ("Hyperion"). As per terms of the agreement, North Springs has paid $250,000 to Hyperion for the purchase.

"The successful completion of this producing property acquisition is a giant leap forward for North Springs and its shareholders. The combined properties have the potential to become one of the largest gold and silver mining operations in the state of Chihuahua", stated Harry Lappa, President of North Springs. "We look forward to working with our new partners to fully develop the properties, including potentially increasing production rates and expanding the inferred gold and silver reserve estimates. We anticipate releasing more detailed geological and historic information regarding the properties within the next few days."

Further updates regarding the Chihuahua Properties and other North Springs projects will be made as additional information becomes available.