Gold Springs Resource Corp. 2022 Drilling Program

VANCOUVER, BC / ACCESSWIRE / January 21, 2022 / Gold Springs Resource Corp. (TSX:GRC)(OTCQB:GRCAF) (the "Company" or "GRC"), is pleased to announce its 2022 plan to advance rapidly towards pre-feasibility its 8,000 ha Gold Springs Project located in Nevada and Utah (USA).

The 2022 drilling program is designed:

1. To expand the 4 existing resources, especially at "North Jumbo" and "South Jumbo".
2. To conduct follow up drilling on the 4 significant new discoveries at "Tremor", "Charlie Ross", "White Point" and "Homestake"
3. To conduct new drilling on 5 targets at "Midnight", "Pope", "Red Light", "Snow" and "Horseshoe Extension".

All of these targets are ready to drill with roads and drill pads constructed.

The Company's 2022 planwill aim to expand its resources areas and the number of ounces with:

• 2 resource up-dates: in the 1^st quarter with the 2021 drilling results and in the fourth quarter.
• 1 RC drill to expand the existing resources;
• 1 RC drill to follow up on the significant new discoveries and test new targets;
• 1 Core drill to test deeper portions of some 2021 discoveries and collect material from the existing resources for metallurgical testing;
• expanded CSAMT geophysical surveys;
• baseline studies completed to advance the mine permitting process.

Antonio Canton, President and CEO, stated "Our 2022 plan demonstrates our commitment to rapidly advance Gold Springs, as we believe it has a huge potential. In conjunction with the drilling, we will move forward with the mine permitting process to further de-risk a future mining operation. 2021 has been an exciting year with significant new discoveries and now we are looking forward to a successful 2022 drilling season to expand our existing resources and to add new ones."

The RC drill program is expected to start in the first quarter, as soon as the weather conditions allow, with the core drilling starting the following month. The CSAMT ground geophysical survey should start in the 2^nd quarter and will cover many of the targets without surveys. This will include "White Point", "Midnight", "Homestake", "Horseshoe Extension", "Iris", "Grey Eagle", "Ridge, West Ridge", "Lost World", and "Camp Bell". This work will help define the limits of these targets which are all partially covered by post-mineral material.