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  #21  
Old 01-13-2012, 10:44 AM
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Default NSRS-Research Report on North Springs Resources Corp. and Titan Iron Ore Corp. -- an

Research Report on North Springs Resources Corp. and Titan Iron Ore Corp. -- an Outlook Into the Year Ahead

Press Release: Bollinger Report
HONG KONG--(Marketwire -01/13/12)- Today, www.BollingerReport.com introduced featured coverage of North Springs Resources Corp. (OTC.BB: NSRS.OB - News) and Titan Iron Ore Corp. (OTC.BB: TFER.OB - News). Full research reports are available to readers at: http://www.BollingerReport.com/index...=NSRS&sm2=TFER.

Economic fundamentals leading into 2012 have set a generally positive pace with GDP growth likely to pick up through the coming year. However, there are several important caveats to note as the world economy continues to face headwinds and risks weigh to the downside. Positive outlooks are conditional on fiscal policy in payroll taxes and unemployment insurance benefits and upon the easing of the European debt situation. A repeat of volatility experience in 2011 is likely in 2012, as perceptions about the strength of the U.S. economy and the euro zone will vary over time as events unfold.

Despite the current situation, our team continues to identify high momentum situations with growth potential -- there remains strong opportunity within careful discretion.

Bollinger Report screened and selected North Springs Resources Corp. for its current position within the industry. A copy of this report featuring North Springs Resources Corp. (OTC.BB: NSRS.OB - News) is available at: www.BollingerReport.com/index.php?sm1=NSRS.

Bollinger Report is featuring Titan Iron Ore Corp. for its changing role within the industry. Titan Iron Ore Corp., formerly Digital Yearbook, Inc., is a development-stage company. The Company is a mineral resource exploration company. The Company is focused on the acquisition and development of iron ore exploration and development mining properties. To download researches and analysis on Titan Iron Ore Corp. (OTC.BB: TFER.OB - News) we welcome investors to visit: www.BollingerReport.com/index.php?sm2=TFER.

About Bollinger Report
Bollinger Report has come to be known among its peers as a trusted source of information for both investors and technical traders. Our online content is continually updated, bringing fresh new researches and analyses to the investment community.
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  #22  
Old 01-17-2012, 11:27 AM
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Default NSRS-Norman Cay Development Signs Letter of Intent to Fund $1,250,000 in Exploration

Norman Cay Development Signs Letter of Intent to Fund $1,250,000 in Exploration and Development at Edum Banso Gold Project in Ghana

Press Release: Norman Cay Development, Inc.
STEVENSVILLE, Mich.--(BUSINESS WIRE)-- Norman Cay Development, Inc. (OTCBB: NCDL.OB - News) is pleased to announce that its wholly-owned subsidiary, Discovery Gold Ghana Limited (“Discovery Gold”) has entered into an agreement with North Springs Resources Corp. (OTCBB: NSRS.OB - News) (“North Springs”) to fund a total of $1,250,000 of exploration and development at the Edum Banso Gold Project in Ghana, Africa.

The Letter of Intent (“LOI”) calls for North Springs to acquire a ten percent (10%) working interest in the Edum Banso Gold Project by providing a total of $1,250,000 in funding to Discovery Gold. Under terms of the LOI, North Springs will advance $150,000 to Discovery Gold within ten (10) days and make an additional payment of $100,000 within thirty (30) days. North Springs will also fund a multi-phase $1,000,000 work commitment in 2012.

“The funding and partnership with North Springs will allow us to move the Edum Banso Gold Project forward immediately at an attractive valuation without diluting our current share structure,” said Dean Huge, CFO of Norman Cay Development. "We are very excited to be on track to start the next stages of exploration and development at the property and plan to utilize these funds to better outline the extent of the known gold mineralization and its relationship to Golden Star’s Father Brown/Adoikrom open-pit mines located directly to the southeast."

The proposed transaction remains subject to, among other things, successful completion of due diligence and all the parties entering into a definitive agreement. There can be no assurance that the transaction will be completed as proposed or at all. If and when a definitive agreement is memorialized, additional details regarding this transaction will be forthcoming.

About Norman Cay Development

Norman Cay Development, Inc. is an emerging U.S. based mining company offering shareholders the opportunity to participate in the ownership of high-potential international gold exploration and development projects. The Company’s wholly-owned subsidiary, Discovery Gold Ghana Limited, holds an exclusive option with rights to explore and develop the Edum Banso Gold Project within the historic Ashanti Gold Belt in Ghana.
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  #23  
Old 01-17-2012, 11:30 AM
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Default NSRS-North Springs Resources Updates Status of LOI to Acquire Edum Banso Gold Project

North Springs Resources Updates Status of LOI to Acquire Edum Banso Gold Project in Ghana's $150 Billion Ashanti Gold Belt District

Press Release: North Springs Resources Corp.

LAS VEGAS, NEVADA--(Marketwire -01/17/12)- North Springs Resources Corp. (OTC.BB: NSRS.OB - News)(Pinksheets: NSRS.OB - News) (the "Company" or "North Springs") is pleased to provide this further update regarding the recently announced Letter of Intent ("LOI") with Discovery Gold Ghana Limited ("Discovery Gold") to acquire a ten percent (10%) interest in the Edum Banso Gold Project ("Edum Banso"), a high-potential gold exploration property in Ghana, Africa.

The Edum Banso concession covers 20.60 km2 (5,100 acres) located approximately 35 km (21 miles) northwest of city of Takoradi in the southeastern portion of Ghana's historic Ashanti Gold Belt. The concession is situated less than one mile from the border of the HBB Father Brown/Adoikrom deposits. Numerous other gold mines are also in operation in the area, including Iduapriem (16 miles - AngloGold Ashanti - 185,000 oz./year - 4.9 million oz. total), Obuasi (55 miles - AngloGold Ashanti - 381,000 oz./year - 33.4 million oz. total), Tarkwa/Damang (18 miles - Gold Fields - 928,000 oz./year - 19.6 million oz. total), Bogosso/Prestea (29 miles - Golden Star - 180,000 oz/year - 3.8 million oz. total), and Nzema (20 miles - Adamus - 100,000 oz./year - 3.0 million oz. total).

Previous exploration conducted on the Edum Banso concession by Newmont Gold (2004) and others (2008) included extensive geophysical (aeromagnetic) interpretation, soil and stream sediment sampling (5,758 samples), trenching (319 m total - 214 channel samples), auger drilling (252 holes), and rock chips (81 samples). To date, four distinct mineralized gold zones have been identified over an area approximately 5 miles long by a quarter mile wide, including two southern zones sharing contact with the unique Mpohor Complex geologic structure, potentially one of the largest known gold bearing synvolcanic mafic intrusives on the African continent. The large circular shaped Mpohor Complex also hosts the HBB Father Brown/Adoikrom open pit gold deposits less than one mile to the southeast.

"The Edum Banso Gold Project is located exactly where you'd expect to find a huge gold deposit; right next door to a producing gold mine and surrounded by more than 100 million ounces of gold," said Harry Lappa, President of North Springs. "Successful exploration work conducted on the ground and from the air is telling us that are we are potentially onto something very special at Edum Banso and we hope to prove that over the coming months."

Terms of the LOI call for North Springs to advance $150,000 to Discovery Gold within ten (10) days and make an additional payment of $100,000 within thirty (30) days. North Springs will also fund a multi-phase $1,000,000 work commitment in 2012. The proposed transaction remains subject to, among other things, North Springs and the current property holders entering into a definitive agreement. There can be no assurance that the transaction will be completed as proposed or at all. If and when a definitive agreement is memorialized, additional details regarding this transaction will be forthcoming.
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  #24  
Old 01-19-2012, 10:19 AM
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Default NSRS-North Springs Resources Announces Drilling to Commence Imminently at Goldstar Pr

North Springs Resources Announces Drilling to Commence Imminently at Goldstar Property in Arizona

Press Release: North Springs Resources Corp.
LAS VEGAS, NEVADA--(Marketwire -01/19/12)- North Springs Resources Corp. (OTC.BB: NSRS.OB - News)(Pinksheets: NSRS.OB - News) (the "Company" or "North Springs") is pleased to announce that final property and drill site preparations have been completed at the Company's 20% owned Goldstar/One Arm Joe Gold Project (the "Goldstar Property" or "Goldstar") located near Wickenburg, Arizona, USA. North Springs earned its 20% interest in the Goldstar Property by already funding $500,000 towards the current exploration and development program. The Company also has the right to acquire an additional 15% interest in the Goldstar Property by supplying $3,000,000 in funding for further exploration and development.

Wilcox Professional Services, LLC, the third-party engineering firm contracted to conduct and supervise the drill program at Goldstar, expects that a diamond core drilling rig will arrive at the property on Monday, with drilling to commence immediately after rig setup and testing. North Springs expects that a total of 15 holes will be drilled as part of this program to confirm and expand the known gold mineralization at Goldstar.

"This is going to be an incredibly exciting week for North Springs shareholders as we get ready to start drilling at Goldstar," stated Harry Lappa, President of North Springs Resources. "The potential of the project is enormous. We are confident that the planned exploration work Goldstar could quickly prove up and expand the current gold estimate of 350,000 ounces and put us on track to build the next great high-grade gold mine in Arizona."

The Goldstar Property consists of 9,000 feet of gold bearing quartz veins in two zones (Goldstar: 6,000 feet and One Arm Joe: 3,000 feet) over nine (9) claim blocks totaling 180 acres. A small section of the 6,000 foot long Goldstar quartz vein zone is adjacent to the entire southern border of the Grijalva Mine, a former underground gold-silver-copper mine with production from quartz veins over a 29 year period between 1908 and 1936. The Goldstar Property is also located 20 miles northeast of the famous Vulture Mine, which became the most productive gold mine in Arizona history, producing 340,000 ounces of gold and 260,000 ounces of silver from high-grade quartz veins.

Previous exploration at the Goldstar Property, including extensive surface sampling (500+), mapping, trenching, assaying, and metallurgy, assisted in calculating the property's estimated reserve of 500,000 tons with an average grade of 0.7oz gold per ton - which could yield approximately 350,000 ounces of gold. Based on current gold spot prices, the Goldstar Property may contain over $550 million in gross mineral value and could possibly be the largest hardrock gold mine in Arizona history.

Further information regarding the Goldstar/One Arm Joe Gold Project and other North Springs business will be made as additional information becomes available.
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  #25  
Old 01-27-2012, 10:18 AM
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Default NSRS-North Springs Resources Observes Target Mineralization at Goldstar Property

North Springs Resources Observes Target Mineralization at Goldstar Property-Quartz Veining and Iron Oxide Mineralization Seen at Surface

Press Release: North Springs Resources Corp.

LAS VEGAS, NEVADA--(Marketwire -01/27/12)- North Springs Resources Corp. (OTC.BB: NSRS.OB - News)(Pinksheets: NSRS.OB - News) (the "Company" or "North Springs") is pleased to provide this update regarding the drill program currently underway at the Company's 20% owned Goldstar/One Arm Joe Gold Project (the "Goldstar Property" or "Goldstar") located near Wickenburg, Arizona. Initial reports from the Project Operations Manager indicate that the drill program is proceeding as planned and that visual inspection of the first target area shows multiple sections of distinct rock discoloration indicative of both quartz veining and iron oxide mineralization.

"Visual confirmation of quartz veining and iron oxide mineralization is incredibly encouraging because both are considered the primary carriers of gold found at Goldstar and other producing gold properties in the area," stated Harry Lappa, President of North Springs Resources. "This is exactly the type of rock that we are looking for at Goldstar."

In addition, the current drill program has been expanded by an additional 40%, from 15 holes previously, to 21 holes in total, focusing on seven (7) high-priority target areas. Each target area will be drilled with three (3) holes of varying depth and orientation; 50 feet - 60 degrees, 100 feet - 90 degrees, and 240 feet - 90 degrees. Drilling is expected to continue seven days a week at approximately 100 feet/day. The wide diameter (3 inch) core samples recovered from Goldstar will be logged at a central location with select intersections prepared and sent for assay testing at an independent third-party laboratory.

Later this weekend, North Springs intends to publish video footage of actual diamond core drilling in progress at the Goldstar Property on the Company website. The first video in this series, showing final drilling pad setup and the distinct quartz veining/iron oxide discoloration, is currently available for public viewing at www.northspringsresources.com.

North Springs earned its 20% interest in the Goldstar Property by already supplying funding of $500,000 towards the current exploration and development program. The Company also has the right to acquire an additional 15% interest in the Goldstar Property by supplying $3,000,000 in funding for further exploration and development. Previous exploration at the Goldstar Property assisted in the calculation of an estimated reserve of 500,000 tons with an average grade of 0.7oz gold per ton - which could yield approximately 350,000 ounces of gold.

Further updates regarding the Goldstar/One Arm Joe Gold Project and other North Springs business will be made as additional information becomes available.

About North Springs Resources Corp.

North Springs Resources Corp. is focused on the evaluation, acquisition, exploration, and development of mineral resource properties. The Company is led by a skilled and experienced management team and independent consulting geologists with many years of experience. North Springs is committed to creating value for its shareholders by advancing its current holdings and by acquiring new properties with significant potential.

For additional information, please visit www.northspringsresources.com.
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  #26  
Old 01-31-2012, 09:42 AM
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Default NSRS-Precious Metals Explorers Rally -- Yamana Gold and North Springs Resources on th

Precious Metals Explorers Rally -- Yamana Gold and North Springs Resources on the Upswing


Five Star Equities Provides Stock Research on Yamana Gold & North Springs Resources
Press Release: Five Star Equities

NEW YORK, NY--(Marketwire -01/31/12)- Gold prices have been on the upswing this month as the Fed signaled it may keep interest rates low through 2014. Even the GDX, which seeks to replicate as closely as possible, the price and yield performance of the NYSE Arca Gold Miners Index, has shown signs of strength in January, surging more than 10 percent. Five Star Equities examines the outlook for companies in the Gold industry and provides equity research on Yamana Gold Inc. (NYSE: AUY - News) (TSX: YRI.TO - News) and North Springs Resources Corporation (OTC.BB: NSRS.OB - News). Access to the full company reports can be found at:

www.fivestarequities.com/AUY
www.fivestarequities.com/NSRS

Over the past year, the GDX has underperformed the price of gold by a large margin. While the SPDR Gold Trust ETF -- which attempts to reflect the performance of the price of gold bullion -- is up nearly 30 percent year-on-year, the GDX has grown a mere 5 percent over the same period.

According to a recent article from International Business Times, gold stocks have lagged the price of gold due to a number of factors, "including operational disappointments, rising cost structures, elevated political risk in many locations of their assets, and macroeconomic headwinds that have weighed on the equity markets."

Five Star Equities releases regular market updates on the Gold industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.fivestarequities.com and get exclusive access to our numerous stock reports and industry newsletters.

Yamana Gold Inc. engages in gold and other precious metals mining, and related activities, including exploration, extraction, processing, and reclamation. Shares of the company surged more than 15 percent this month. Earlier this month the company released a press release stating that it expects production to rise 13 percent in 2012, mainly due to the ramp-up of production at its newest mine in Mexico.

Shares of North Springs Resources are up an incredible 900 percent this month. Last week the company announced that it has executed a Definitive Agreement with Discovery Gold Ghana Limited to acquire up to a thirty five percent interest in the Edum Banso Gold Project, a high-potential gold exploration property in Ghana, Africa.
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  #27  
Old 02-01-2012, 02:19 PM
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Default North Springs Resources Commences Phase One Exploration at Imperial Gold Silver Prope

LAS VEGAS, NEVADA--(Marketwire -01/31/12)- 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 commenced phase one exploration at the Imperial Gold Silver Property in Esmeralda County, Nevada, located about 150 miles northwest of Las Vegas in the Railroad Springs Mining District (the "Imperial Property"). Phase one exploration expenditures at the Imperial Property are expected to exceed $250,000 in 2012.

"We are thrilled to be able to announce that we have already completed an initial sampling program at the Imperial Property so early in the year. This, along with the North Springs Property in Nevada and the Goldstar Property in Arizona, make three currently active exploration programs underway for the Company," stated Harry Lappa, President of North Springs. "In the western portion of the Imperial Property, high-grade gold and silver vein targets were sampled at the old Imperial Mine workings to confirm historic assay results. Several samples were collected there over 460 feet in the Lower Adit and over 200 feet in the Upper Adit. In the eastern portion of the property, we collected several more surface samples from the high-priority Resource Target. We will send the samples into the laboratory for immediate testing and intend to release the assay results as soon as they become available."

The Imperial Property consists of 24 unpatented mineral claims covering approximately 480 acres and includes the historic workings of the high-grade Imperial Mine. Previous exploration has identified four high-priority target areas at the Imperial Property; Imperial Fault Target, Jasperoid Breccia Target, IP Target, and Resource Target. The phase one exploration plan for the Imperial Property outlines a four month $250,000 exploration program that will include geochemical and environmental studies, followed by a reverse-circulation drilling program intended to test previously identified mineralized zones and potentially increase the 50,000 ounce gold resource estimate made by previous operators.

Mr. Lappa continued, "The Imperial Property is a vital component in our exploration portfolio because it has many of the key characteristics we look for in a potential mining project, including close proximity to historic production, clearly defined exploration targets, and a strong possibility for additional gold discoveries. We will continue to move forward with exploration at Imperial and other North Springs projects with the goal of creating shareholder value and becoming a significant gold producer as soon as possible."

Further updates regarding the Imperial Gold/Silver Property and other North Springs projects will be made as additional information becomes available.

About North Springs Resources Corp.

North Springs Resources Corp. is focused on the evaluation, acquisition, exploration, and development of mineral resource properties. The Company is led by a skilled and experienced management team and independent consulting geologists with many years of experience. North Springs is committed to creating value for its shareholders by advancing its current holdings and by acquiring new properties with significant potential.

For additional information, please visit www.northspringsresources.com.

Harry Lappa, President

THIS NEWS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS", AS THAT TERM IS DEFINED IN SECTION 27A OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND SECTION 21E OF THE UNITED STATES SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. STATEMENTS IN THIS NEWS RELEASE, WHICH ARE NOT PURELY HISTORICAL, ARE FORWARD-LOOKING STATEMENTS AND INCLUDE ANY STATEMENTS REGARDING BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS REGARDING THE FUTURE. EXCEPT FOR THE HISTORICAL INFORMATION PRESENTED HEREIN, MATTERS DISCUSSED IN THIS NEWS RELEASE CONTAIN FORWARD-LOOKING STATEMENTS THAT ARE SUBJECT TO CERTAIN RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH STATEMENTS. STATEMENTS THAT ARE NOT HISTORICAL FACTS, INCLUDING STATEMENTS THAT ARE PRECEDED BY, FOLLOWED BY, OR THAT INCLUDE SUCH WORDS AS "ESTIMATE," "ANTICIPATE," "BELIEVE," "PLAN" OR "EXPECT" OR SIMILAR STATEMENTS ARE FORWARD-LOOKING STATEMENTS. RISKS AND UNCERTAINTIES FOR THE COMPANY INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH NATURAL RESOURCE EXPLORATION AND DEVELOPMENT AND NEEDS FOR FUNDING AS WELL AS THE RISKS SHOWN IN THE COMPANY'S MOST RECENT ANNUAL REPORT ON FORM 10-K AND ON FORM 10-Q AND FROM TIME-TO-TIME IN OTHER PUBLICLY AVAILABLE INFORMATION REGARDING THE COMPANY. OTHER RISKS INCLUDE RISKS ASSOCIATED WITH THE REGULATORY APPROVAL PROCESS, COMPETITIVE COMPANIES, FUTURE CAPITAL REQUIREMENTS AND THE COMPANY'S ABILITY AND LEVEL OF SUPPORT FOR ITS EXPLORATION AND DEVELOPMENT ACTIVITIES. THERE CAN BE NO ASSURANCE THAT THE COMPANY'S DEVELOPMENT EFFORTS WILL SUCCEED AND THE COMPANY WILL ULTIMATELY ACHIEVE COMMERCIAL SUCCESS. THESE FORWARD-LOOKING STATEMENTS ARE MADE AS OF THE DATE OF THIS NEWS RELEASE, AND THE COMPANY ASSUMES NO OBLIGATION TO UPDATE THE FORWARD-LOOKING STATEMENTS, OR TO UPDATE THE REASONS WHY ACTUAL RESULTS COULD DIFFER FROM THOSE PROJECTED IN THE FORWARD-LOOKING STATEMENTS. ALTHOUGH THE COMPANY BELIEVES THAT THE BELIEFS, PLANS, EXPECTATIONS AND INTENTIONS CONTAINED IN THIS NEWS RELEASE ARE REASONABLE, THERE CAN BE NO ASSURANCE THOSE BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS WILL PROVE TO BE ACCURATE. INVESTORS SHOULD CONSIDER ALL OF THE INFORMATION SET FORTH HEREIN AND SHOULD ALSO REFER TO THE RISK FACTORS DISCLOSED IN THE COMPANY'S PERIODIC REPORTS FILED FROM TIME-TO-TIME WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION.

THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT OF THE COMPANY WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. FINRA, THE SEC AND THE OTCBB NEITHER APPROVES NOR DISAPPROVES THE CONTENTS OF THIS NEWS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE ANY SALE OF THESE SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION.

Contact:

LiveCall Investor Relations
for North Springs Resources Corp.
Gerry Belanger, Investor Contact
(201) 984-5646
info@northspringsresources.com
www.northspringsresources.com
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  #28  
Old 02-01-2012, 02:20 PM
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Default North Springs Resources Provides Current Update-Company Now Active at Three Gold Expl

LAS VEGAS, NEVADA--(Marketwire -01/31/12)- North Springs Resources Corp. (OTC.BB: NSRS.OB - News)(OTCQB: NSRS.OB - News)(Pinksheets: NSRS.OB - News) (the "Company" or "North Springs") is pleased to provide this current update to shareholders regarding its mineral exploration and development activities.

"The last month has been incredibly exciting to be a part of the North Springs Resources team. We have been successful at building a world-class portfolio of gold exploration properties and also secured the funding to move the projects forward," stated Harry Lappa, President of North Springs. "Work crews have been active at three of our properties over the last few months, including a currently ongoing 21-hole diamond core drill program at Goldstar in Arizona; a property that new data suggests could contain even more gold than the previous 350,000 ounce estimate. We remain committed to creating value for shareholders by rapidly advancing our current portfolio of gold projects and by acquiring new projects which have significant upside."

Lappa concluded by stating, "We continue to be amazed by the Goldstar Property in Arizona - the visible surface veins which are known to be the main carriers of gold in the area could potentially result in something very special at this project."

The North Springs portfolio now contains five separate gold exploration and development projects, including the North Springs Property in Nevada, the Imperial Property also in Nevada, the Goldstar/One Arm Joe Project in Arizona, the Rio and Belo Properties in Guyana, and the Edum Banso Gold Project in Ghana.

Goldstar/One Arm Joe Project (20% interest, Wickenburg, Arizona)

The Goldstar Property consists of 9,000 feet of gold bearing quartz veins in two zones (Goldstar: 6,000 feet and One Arm Joe: 3,000 feet) over nine (9) claim blocks totaling 180 acres. Previous exploration at the Goldstar Property, including extensive surface sampling (500+), mapping, trenching, assaying, and metallurgy, assisted in calculating the property's estimated reserve of 500,000 tons with an average grade of 0.7oz gold per ton - which could yield approximately 350,000 ounces of gold. Based on current gold spot prices, the Goldstar Property may contain over $550 million in gross mineral value and could result in possibly the largest hardrock gold mine in Arizona history.

North Springs and its partners are currently conducting a $500,000 21-hole drill program at Goldstar, focusing on seven (7) high-priority target areas. Early reports from the exploration team have been very positive. Visual inspection of the first target area shows multiple sections of distinct rock discoloration indicative of both quartz veining and iron oxide mineralization which are considered to be primary carriers of gold found in the region. Drilling is ongoing. Results will be released as they become available. Video footage featuring exploration activity and drilling at Goldstar is available for viewing at www.northspringsresources.com.

Imperial Property (100% interest, Esmeralda County, Nevada)

The Imperial Gold/Silver Property consists of 24 unpatented mineral claims in Nevada covering approximately 480 acres between the Montezuma Range to the northeast and the Silver Peak Range to the southwest. The claims include the site of the Imperial Mine, a documented historic gold and silver producer. Previous exploration has identified four high-priority target areas at the Imperial Property; Imperial Fault Target, Jasperoid Breccia Target, IP Target, and Resource Target.

North Springs recently started phase one exploration at Imperial and have already completed an initial sampling program at the old Imperial Mine site and from the high-priority Resource Target area. The Company has sent the new samples to the laboratory for immediate testing and intends to release the assay results as soon as they become available. The proposed $250,000 phase one exploration program will include geochemical and environmental studies, followed by a reverse-circulation drilling program intended to test previously identified mineralized zones and potentially increase the 50,000 ounce gold resource estimate made by previous operators.

North Springs Property (100% interest, Esmeralda County, Nevada)

The North Springs Gold Property is located about 8 miles northwest of town of Silver Peak, Nevada and consists of approximately 16 unpatented federal lode mining claims that cover two separate areas, the Roadrunner Block and the Coyote Summit Block, and total approximately 1,160 acres. The North Springs Gold Property shares very similar geology, alteration, mineralization, geochemistry and structural setting to that of the nearby (3 miles) Mineral Ridge Gold Deposits (estimated 500,000 oz. gold), and indeed, may actually be a continuation of the same gently-dipping, sheet-like body which hosts gold mineralization there. Historical sampling at the North Springs Gold Property has identified high-grade gold mineralization up to 0.8 ounces per ton from surface workings.

North Springs is reviewing a proposed $500,000 work program that will focus on several untested gold targets that include disseminated mineralization, high-grade shear zones, and feeder veins similar to those that have been open-pit mined by several companies at other Mineral Ridge gold deposits in the area. The proposed work program includes an initial 10-hole reverse circulation drill program.

Rio and Belo Properties (right to earn 100% interest, Guyana)

The Rio and Belo Properties cover a combined area of over 25,000 acres of prime greenstone belt located in the Kabouri Gold Mining Area, located about 160 km south-south west of Georgetown, Guyana. The Kabouri Gold Mining Area is part of a well-defined 1,000 mile long band of gold producing greenstone geology from Venezuela and French Guyana. The properties show evidence of significant small-scale artisanal mining from alluvial, colluvial, and bedrock sources. Both properties share similar geological and geochemical characteristics with several well-known formerly producing gold mines in the immediate area at Omai (4 Moz. historical - currently being redeveloped) and at the Omai West Project (1.1 Moz. Estimate) currently being developed by Azimuth Resources Limited just 12 miles to the south.

North Springs is currently working with a well-respected local Guyanese law firm as Guyana Counsel to assist with the process of complying with all applicable laws and regulations in Guyana prior to finalizing plans to move forward with the first phase of exploration at Rio and Belo.

Edum Banso Gold Project (25% interest + right to acquire another 10%, Ghana)

The Edum Banso Gold Project concession covers 20.60 km2 (5,100 acres) located approximately 35 km (21 miles) northwest of city of Takoradi in the southeastern portion of Ghana's historic Ashanti Gold Belt, which is estimated to contain over 100 Moz. of gold within 60 miles of the property. The concession is situated less than one mile from the border of the HBB Father Brown/Adoikrom open pit gold deposits currently being mined by Golden Star Resources.

Previous exploration conducted by Newmont Gold (2004) and others at Edum Banso included extensive geophysical (aeromagnetic) interpretation, soil and stream sediment sampling (5,758 samples), trenching (319 m total - 214 channel samples), auger drilling (252 holes), and rock chips (81 samples). To date, four distinct mineralized gold zones have been identified over an area approximately 5 miles long by a quarter mile wide. Planned exploration work at Edum Banso includes additional geological mapping, prospecting, soil sampling, trenching, and a reverse-circulation (RC) drill program targeting 15-30 locations.

North Springs owns a 25% interest in Edum Banso and can acquire an additional 10% interest by paying $250,000 to Discovery Gold and funding a multi-phase $1,000,000 work commitment in 2012. The Company has already advanced $150,000 to Discovery Gold towards the total cash consideration with the balance of $100,000 payable within 30 days.

Further updates regarding North Springs will be made as additional information becomes available.

About North Springs Resources Corp.

North Springs Resources Corp. is focused on the evaluation, acquisition, exploration, and development of mineral resource properties. The Company is led by a skilled and experienced management team and independent consulting geologists with many years of experience. North Springs is committed to creating value for its shareholders by advancing its current holdings and by acquiring new properties with significant potential.

For additional information, please visit www.northspringsresources.com.

Harry Lappa, President

THIS NEWS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS", AS THAT TERM IS DEFINED IN SECTION 27A OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND SECTION 21E OF THE UNITED STATES SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. STATEMENTS IN THIS NEWS RELEASE, WHICH ARE NOT PURELY HISTORICAL, ARE FORWARD-LOOKING STATEMENTS AND INCLUDE ANY STATEMENTS REGARDING BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS REGARDING THE FUTURE. EXCEPT FOR THE HISTORICAL INFORMATION PRESENTED HEREIN, MATTERS DISCUSSED IN THIS NEWS RELEASE CONTAIN FORWARD-LOOKING STATEMENTS THAT ARE SUBJECT TO CERTAIN RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH STATEMENTS. STATEMENTS THAT ARE NOT HISTORICAL FACTS, INCLUDING STATEMENTS THAT ARE PRECEDED BY, FOLLOWED BY, OR THAT INCLUDE SUCH WORDS AS "ESTIMATE," "ANTICIPATE," "BELIEVE," "PLAN" OR "EXPECT" OR SIMILAR STATEMENTS ARE FORWARD-LOOKING STATEMENTS. RISKS AND UNCERTAINTIES FOR THE COMPANY INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH NATURAL RESOURCE EXPLORATION AND DEVELOPMENT AND NEEDS FOR FUNDING AS WELL AS THE RISKS SHOWN IN THE COMPANY'S MOST RECENT ANNUAL REPORT ON FORM 10-K AND ON FORM 10-Q AND FROM TIME-TO-TIME IN OTHER PUBLICLY AVAILABLE INFORMATION REGARDING THE COMPANY. OTHER RISKS INCLUDE RISKS ASSOCIATED WITH THE REGULATORY APPROVAL PROCESS, COMPETITIVE COMPANIES, FUTURE CAPITAL REQUIREMENTS AND THE COMPANY'S ABILITY AND LEVEL OF SUPPORT FOR ITS EXPLORATION AND DEVELOPMENT ACTIVITIES. THERE CAN BE NO ASSURANCE THAT THE COMPANY'S DEVELOPMENT EFFORTS WILL SUCCEED AND THE COMPANY WILL ULTIMATELY ACHIEVE COMMERCIAL SUCCESS. THESE FORWARD-LOOKING STATEMENTS ARE MADE AS OF THE DATE OF THIS NEWS RELEASE, AND THE COMPANY ASSUMES NO OBLIGATION TO UPDATE THE FORWARD-LOOKING STATEMENTS, OR TO UPDATE THE REASONS WHY ACTUAL RESULTS COULD DIFFER FROM THOSE PROJECTED IN THE FORWARD-LOOKING STATEMENTS. ALTHOUGH THE COMPANY BELIEVES THAT THE BELIEFS, PLANS, EXPECTATIONS AND INTENTIONS CONTAINED IN THIS NEWS RELEASE ARE REASONABLE, THERE CAN BE NO ASSURANCE THOSE BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS WILL PROVE TO BE ACCURATE. INVESTORS SHOULD CONSIDER ALL OF THE INFORMATION SET FORTH HEREIN AND SHOULD ALSO REFER TO THE RISK FACTORS DISCLOSED IN THE COMPANY'S PERIODIC REPORTS FILED FROM TIME-TO-TIME WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION.

THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT OF THE COMPANY WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. FINRA, THE SEC AND THE OTCBB NEITHER APPROVES NOR DISAPPROVES THE CONTENTS OF THIS NEWS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE ANY SALE OF THESE SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION.

Contact:

LiveCall Investor Relations
for North Springs Resources Corp.
Gerry Belanger, Investor Contact
(201) 984-5646
info@northspringsresources.com
www.northspringsresources.com
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  #29  
Old 02-02-2012, 01:28 AM
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Default NSRS-North Springs Resources Drill Program Targets Quartz Veins at Goldstar

North Springs Resources Drill Program Targets Quartz Veins at Goldstar Property in Arizona-First Drill Core Samples Expected to be Recovered Today

Press Release: North Springs Resources Corp.

LAS VEGAS, NEVADA--(Marketwire -02/01/12)- North Springs Resources Corp. (OTC.BB: NSRS.OB - News)(Pinksheets: NSRS.OB - News) (the "Company" or "North Springs") is pleased to report that the first drill core samples are expected to be recovered today from the exploration program currently underway at the Company's 20% owned Goldstar/One Arm Joe Gold Project (the "Goldstar Property" or "Goldstar") located near Wickenburg, Arizona. North Springs and its partners are currently conducting a 21-hole drill program at Goldstar, focusing on seven (7) high-priority target areas.

"Drilling at Goldstar continues to progress nicely and all initial indications have been positive," stated Harry Lappa, President of North Springs Resources. "Our experienced exploration team on the ground is performing very well and I expect they will continue to perform at a high level for the remainder of the program. We look forward to getting some new drill results soon and possibly adding to the previous gold estimate of 350,000 ounces."

The recovered core from each drill hole will be logged at a central location. Select intersections from each drill hole are expected to be sent in multi-hole batches for assay testing at an independent third-party laboratory. Additional video footage from the Goldstar Property, including diamond core drilling, core logging, and core testing preparation, is expected to be made available at the Company website within the next 48 hours.

Further updates regarding the Goldstar/One Arm Joe Gold Project and other North Springs business will be made as additional information becomes available.
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  #30  
Old 02-02-2012, 09:49 AM
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Default NVSR-NavStar Technologies Reports Significant Growth in PowerSports Market Segment fo

NavStar Technologies Reports Significant Growth in PowerSports Market Segment for 2011

Press Release: NavStar Technologies, Inc.

ANAHEIM, CA--(Marketwire -02/02/12)- NavStar Technologies, Inc. (Pinksheets: NVSR.PK - News), a company focused on producing and commercializing products and services for tracking/monitoring and reporting on the location and condition of high-value cargo and other assets, has issued an update on the turn-around in the growth of the PowerSports market segment for 2011.

Dave McMahon, senior editor, Powersports Business, reported that the PowerSports market segment reversed a 5 year downward trend in 2011 and reported positive growth led by dual sport motorcycles (14%) and scooters (12%). For 2011, Harley-Davidson recently released U.S. retail sales data and reported that sales of new Harley-Davidson motorcycles increased 5.8 percent to 151,683 units. BMW Motorrad delivered 104,286 motorcycles worldwide in 2011, the most motorcycles ever delivered in the division's nearly 90-year history.

These trends are very positive news as NavStar Technologies is months away from delivering monitoring and tracking hardware and services specifically targeted at this market segment. While the major focus of the NavStar device and service is the recovery of stolen motorcycles and scooters, it can also be used to track and monitor daily activity as well as display location and movement on maps at NavStar's website, which may be accessed utilizing a user's unique ID and password.

"We are pleased to report this positive news about growth in the market segment that we are initially focused on in 2012. The positive growth, coupled with the fact that more 30,000 motorcycles/scooters are being stolen annually in the US and Canada, makes our feature-rich, low cost product/service offering compelling and affordable for everyone," said N. Douglas Pritt, Chairman & CEO, NavStar Technologies, Inc.

Pritt continued, "J D Power & Associates also reported this month that in 2011, 75% of all new motorcycles purchased were associated with a trade-in which bodes well for NavStar as we will distribute and sell our products and services through dealerships that are reselling these trade-ins, giving us another opportunity for a product/service sale."

There are already 6.1M PowerSport owners in the US and the early reports for 2011 indicate that this number will increase, reversing a 5 year negative trend.
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