NSRS North Springs Resources Corp

[chuck44l]

North Springs Resources Corp., a development stage company, focuses on oil and gas exploration and production in North America. It has an operating interest in the Washom II Lease Project, a three well drilling project located in Rogers County, Oklahoma. The company was formerly known as Aurum Resources Corp. and changed its name to North Springs Resources Corp. in July 2011. North Springs Resources Corp. was founded in 2009 and is based in Las Vegas, Nevada.

[chuck44l]

On August 8, 2011, the Company filed a Certificate of Change (the "Certificate of Change") with the Secretary of State of the State of Nevada. As a result of the Certificate of Change, the Company has, among other things, increased the number of authorized shares of common stock of the Company from four hundred million (400,000,000), par value $ 0.001, to seven hundred fifty million (750,000,000), par value $0.001.

On October 31, 2011, the Company effectuated a forward split of its issued and outstanding common shares, whereby every one (1) old share of common stock will be exchanged for two (2) new shares of the Company's common stock. As a result, once the Forward Split is declared effective by the Financial Industry Regulatory Authority, the issued and outstanding shares of common stock will increase from three hundred forty eight million (348,000,000) shares prior to the Forward Split to six hundred ninety six million (696,000,000) shares following the Forward Split.



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Subsequent Developments

On November 22, 2011 the Company entered into an Executive Employment Agreement (the "Agreement") with Harry Lappa ("Mr Lappa"). Pursuant to the terms and conditions of the Agreement, Mr. Lappa shall service as the Company's President and Chief Executive Officer and shall assume such other positions as reasonably requested by the Board of Directors commencing August 1, 2011 for a term of one year, which shall automatically be renewed for an additional successive term of one year unless earlier terminated. In exchange for his services, Mr. Lappa shall receive a monthly salary of ten thousand dollars ($10,000) which may be converted into share of the Company's common stock, at the sole discretion of the Company, per the terms of the Agreement.

On December 2, 2011, the Company issued a $40,000 note payable to a non-related party. The amount owing is unsecured, due interest at 10% per annum, and due on demand.

Going Concern

We have not attained profitable operations and are dependent upon obtaining financing to pursue any extensive acquisitions and activities. For these reasons, our auditors stated in their report on our audited financial statements that they have substantial doubt that we will be able to continue as a going concern without further financing.

Off-Balance Sheet Arrangements

We have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to stockholders.

Future Financings

We will continue to rely on equity sales of our common shares in order to continue to fund our business operations. Issuances of additional shares will result in dilution to existing stockholders. There is no assurance that we will achieve any additional sales of the equity securities or arrange for debt or other financing to fund our operations and other activities.

Critical Accounting Policies

Our financial statements and accompanying notes have been prepared in accordance with United States generally accepted accounting principles applied on a consistent basis. The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods.

We regularly evaluate the accounting policies and estimates that we use to prepare our financial statements. A complete summary of these policies is included in the notes to our financial statements. In general, management's estimates are based on historical experience, on information from third party professionals, and on various other assumptions that are believed to be reasonable under the facts and circumstances. Actual results could differ from those estimates made by management.

Recently Issued Accounting Pronouncements

In March 2010, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2010-11 ("ASU No. 2010-11"), "Derivatives and Hedging (ASC Topic 815): Scope Exception Related to Embedded Credit Derivatives." The amendments in this Update are effective for each reporting entity at the beginning of its first fiscal quarter beginning after June 15, 2010. Early adoption is permitted at the beginning of each entity's first fiscal quarter beginning after issuance of this Update. The Company's adoption of provisions of ASU No. 2010-11 did not have a material effect on the financial position, results of operations or cash flows of the Company.

In February 2010, the FASB issued ASU 2010-10 ("ASU No. 2010-10"), "Consolidation (Topic 810): Amendments for Certain Investment Funds." The amendments in this Update are effective as of the beginning of a reporting entity's first annual period that begins after November 15, 2009 and for interim periods within that first reporting period. Early application is not permitted. The Company's adoption of provisions of ASU No. 2010-10 did not have a material effect on the financial position, results of operations or cash flows of the Company.



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In February 2010, the FASB issued ASU 2010-09 ("ASU No. 2010-09"), "Subsequent Events (ASC Topic 855): Amendments to Certain Recognition and Disclosure Requirements." ASU No. 2010-09 requires an entity that is an SEC filer to evaluate subsequent events through the date that the financial statements are issued and removes the requirement for an SEC filer to disclose a date, in both issued and revised financial statements, through which the filer had evaluated subsequent events. The Company's adoption of provisions of ASU No. 2010-09 did not have a material effect on the financial position, results of operations or cash flows of the Company.

In January 2010, the FASB issued ASU 2010-06 ("ASU No. 2010-06"), "Improving Disclosures about Fair Value Measurements." ASU No. 2010-06 amends FASB Accounting Standards Codification ("ASC") 820 and clarifies and provides additional disclosure requirements related to recurring and non-recurring fair value measurements and employers' disclosures about postretirement benefit plan assets. This ASU is effective for interim and annual reporting periods beginning after December 15, 2009. The Company's adoption of provisions of ASU No. 2010-06 did not have a material effect on the financial position, results of operations or cash flows of the Company.

In January 2010, the FASB issued an amendment to ASC Topic 505, "Equity", where entities that declare dividends to shareholders that may be paid in cash or shares at the election of the shareholders are considered to be a share issuance that is reflected prospectively in EPS, and is not accounted for as a stock dividend. This standard is effective for interim and annual periods ending on or after December 15, 2009 and is to be applied on a retrospective basis. The Company's adoption of the amendment to ASC Topic 505 did not have a material effect on the financial position, results of operations or cash flows of the Company.

In January 2010, the FASB issued an amendment to ASC Topic 820, "Fair Value Measurements and Disclosure", to require reporting entities to separately disclose the amounts and business rationale for significant transfers in and out of Level 1 and Level 2 fair value measurements and separately present information regarding purchase, sale, issuance, and settlement of Level 3 fair value measures on a gross basis. This standard, for which the Company is currently assessing the impact, is effective for interim and annual reporting periods beginning after December 15, 2009 with the exception of disclosures regarding the purchase, sale, issuance, and settlement of Level 3 fair value measures which are effective for fiscal years beginning after December 15, 2010. The Company's adoption of the amendment to ASC Topic 820 did not have a material effect on the financial position, results of operations or cash flows of the Company.

The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

[chuck44l]

Part 1

19-Dec-2011

Quarterly Report



MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION OR PLAN OF OPERATION

FORWARD-LOOKING STATEMENTS
This Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A) contains forward-looking statements that involve known and unknown risks, significant uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed, or implied, by those forward-looking statements. You can identify forward-looking statements by the use of the words may, will, should, could, expects, plans, anticipates, believes, estimates, predicts, intends, potential, proposed, or continue or the negative of those terms. These statements are only predictions. In evaluating these statements, you should consider various factors which may cause our actual results to differ materially from any forward-looking statements. Although we believe that the exceptions reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.


RESULTS OF OPERATIONS


Working Capital


October 31, April 30,
2011 2011
$ $
Current Assets 599 -
Current Liabilities 108,770 16,070
Working Capital (Deficit) (108,171) (16,070)





Cash Flows


Six months ended Six months ended
October 31, October 31,
2011 2010
$ $
Cash Flows from (used in) Operating (29,994) (7,798)
Activities
Cash Flows from (used in) Investing (9,990) (10,000)
Activities
Cash Flows from (used in) Financing 40,000 12,826
Activities
Net Increase (decrease) in Cash During 16 (4,972)
Period




Operating Revenues

From the Company's inception on May 22, 2009 to October 31, 2011, the Company did not earn any operating revenues.

Operating Expenses and Net Loss

During the three months ended October 31, 2011, the Company incurred operating expenses of $55,926 compared with $6,085 for the three months ended October 31, 2010. The increase in operating expenses was attributed to an increase in professional fees of $10,500 relating to legal expenses incurred with respect to changes in management and due diligence with respect to acquisition of mineral properties and $4,000 for accounting and auditing fees. The Company also incurred salaries of $30,000 to the President and Director of the Company, incurred $2,890 in transfer agent and filing fees relating to the stock splits and issuance of shares for the mineral property option and had an increase of $5,044 in general and administrative expense.

For the three months ended October 31, 2011, the Company incurred a net loss of $56,841 compared to a net loss of $6,085 for the three months ended October 31, 2010. In addition to operating expenses, the Company also recorded interest expense of $915 during the three months ended October 31, 2011 relating to interest from the $40,000 notes payable received in July 2011 which is unsecured, bears interest at 10% per annum, and is due on demand.



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Liquidity and Capital Resources

At October 31, 2011, the Company had cash of $16 and total assets of $60,589 compared with $nil at April 30, 2011. The increase in cash and total assets was attributed to the receipt of $40,000 from the notes payable in June and July 2011 and the fair value of the shares issued for the mineral property.

At October 31, 2011, the Company had total liabilities of $108,770 compared with $16,070 at April 30, 2011. The increase in liabilities was attributed to an increase of $26,027 in accounts payable and accrued liabilities from amounts owing for professional fees and accrued interest, an increase of $26,673 of amounts owing to related parties relating to $4,500 of management fees. $30,000 salaries and $6,023 of out-of-pocket expenses incurred by the President and Director of the Company, net of repayments of $13,850 and $40,000 relating to the issuance of the notes payable.

The Company had a working capital deficit of $108,171 at October 31, 2011 compared with $16,070 at April 30, 2011. The increase in working capital deficit is due to increases in day-to-day operating expenses and mineral property expenditures.

Cashflow from Operating Activities

During the period ended October 31, 2011, the Company used $29,994 of cash for operating activities compared with $7,798 of cash for operating activities during the period ended October 31, 2010. The change in net cash used in operating activities is attributed to the changes in operating activities noted above in Operating Expenses and Net Loss.

Cashflow from Investing Activities

During the period ended October 31, 2011, the Company used $9,990 of cash for investing activities compared for mineral property expenditures with the period ended October 31, 2010 where the Company incurred $10,000 for acquisition of a working interest in and oil and gas project.

Cashflow from Financing Activities

During the period ended October 31, 2011, the Company received $40,000 in financing activities attributed to proceeds received from the issuance of notes payable, compared with $12,826 received during the period ended October 31, 2010 attributed to amounts from related parties.

Quarterly Developments

On August 2, 2011, the Company entered into the North Springs Property Exploration and Mining Lease and Option to Purchase Agreement (the "Agreement") by and among Mountain Gold Claims, LLC. Series 15, ("Mountain Gold") and Lane A. Griffin ("Griffin") (collectively, the "Owner"), whereby the Owner shall lease to the Company (the "Lease") the right to conduct mineral exploration activities on and in 16 unpatented mining claims collectively known as the North Springs Property (the "Property"), for a term of 10 years (the "Term"), renewable for 5 additional extension terms of 1 year each, with the option to purchase the Property for $400,000, subject to a royalty reserved to the Owner. As consideration, the Company shall: (i) issue 500,000 shares of common stock each to Mountain Gold and to Griffin, for an aggregate of 1,000,000 shares, within 10 days of the date of this Agreement; (ii) pay applicable federal, state and county annual mining claim maintenance fees to maintain the Property in good standing; (iii) pay a production royalty to Owner equal to 2% of the net smelter returns, per the terms of the Agreement; (iv) pay to Owner lease payments, with 50% of the payments to Mountain Gold and the other 50% to Griffin; and (v) incur work expenditures on or with respect to the Property during the Term.

[chuck44l]

LAS VEGAS, NEVADA--(Marketwire - Dec. 20, 2011) - North Springs Resources Corporation (OTCBB:NSRS.OB - News)(PINKSHEETS:NSRS.OB - News) (the "Company" or "North Springs") is pleased to offer the Company's analysis and overview of the Company and its outlook.

North Springs Resources was formed to acquire and develop near-term production mineral projects or mineral properties with the potential of significant resources. The Management of North Springs Resources has considerable mining expertise, sophistication, commitment, intellect and a well-balanced understanding of the mineral resource industry and the financial markets. The Company has also built a strategic network of relationships within the mining industry that will enable them to identify mining targets that are ready to be developed. The result is a well-balanced corporation managed by an inspiring team of qualified professionals.

"We have a goal to become a producing gold and silver company and we will be aggressive in our search, acquisition and development of gold prospects in North America and abroad. Our acquisitions will be carefully chosen to bring significant return to our shareholders. North Springs will target and position itself to acquire past-producing and/or significant exploration projects and work toward their full development to drive revenues and build core reserves. We are a motivated and driven company with big goals," stated Harry Lappa, President, North Springs Resources. "With the North Springs Gold Property, we have chosen a strategically located property in one of the most prolific Gold and Silver mining districts. North Springs Resources has positioned itself for success and will continue to acquire properties with strategic locations for discovery or have existing resources on them. We will be diligent and responsible to our shareholders as we move North Springs Resources forward."

North Springs Property:

The North Springs Gold Project is located about 8 miles northwest of town of Silver Peak, Nevada. The Silver Peak Mountain Range lies in the southern reaches of the Great Basin, within the Walker Lane structural corridor. The Walker Lane is a 100-km-wide region of right lateral, wrench-faulting which separates the Sierra Nevada batholith to the west and southwest and the Great Basin to the east and northeast.

The North Springs land package 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 320 acres. The geology at North Springs is similar to that of the nearby Mineral Ridge Gold Deposits, and indeed, may actually be a continuation of the same gently-dipping, sheet-like body which hosts gold mineralization there. Gold mineralization at Mineral Ridge and the adjacent areas is hosted by localized pegmatitic alaskite and accessory quartz veins that exist near a granite-metasediment contact.

Both the North Springs Gold Property and the Mineral Ridge Gold Deposits are situated along a regional northwest trending, large anticline known as the Mineral Ridge Metamorphic Core Complex. This complex contains extensive high-grade gold veins (52 miles of underground workings on low-angle veins) and stacked, low angle, shear zones which have been open pit mined in several deposits. The Mineral Ridge Gold Deposits currently contain a current resource estimate of 500,000 ounces of gold. Scorpio Gold Corporation and Golden Phoenix Minerals, Inc.'s "Mineral Ridge" Joint Venture has a mineral resource estimate "of 221,000 ounces of gold in the measured and indicated categories and 136,000 ounces of gold in the inferred category within the area of the Drinkwater and Mary pits. The current mine plan contemplates 3.2 million tons of mineralized material being mined over a period of 41 months." (from the Scorpio Gold Website; www.scorpiogold.com).

The North Springs Gold Property occupies very similar geology, alteration, mineralization, geochemistry and structural setting to the Mineral Ridge Gold Deposits. In fact, the North Springs Gold Property sits less than three (3) miles from Scorpio Gold's Mineral Ridge property. Historical sampling at the North Springs Gold Property has identified gold mineralization up to 0.8 ounces per ton from surface workings (complete results are available on our website at www.northspringsresources.com). The North Springs Gold project contains several untested gold targets that include open-pit, disseminated mineralization and high-grade shear zones and feeder veins, similar to those that have been mined by several mining companies at the nearby Mineral Ridge deposits.

Management believes that in addition to its proximity to major discoveries (namely the Mineral Ridge Deposit), the North Springs Gold Property's physical location makes it an ideal property for exploration and development. Existing infrastructure, including manpower and accessibility for the North Springs Property, is supported by the close proximity to the towns of Silver Peak and Tonopah, Nevada. State highways and paved roads provide easy access, while moderate temperatures allow for year-round physical work on the property.

Political support for the mining industry enjoyed by the state of Nevada was another determining factor for management when selecting the North Springs Property. Favorable laws, positive safety regulations, and the lack of political unrest seen in many other parts of the world are among the main reasons that Nevada's gold production accounted for more than 79% of total U.S. production and 7.2% of the world's gold production in 2009 (Economic Overview of Nevada's Mineral Industry report; Nevada Mining Association). Nevada State Geologist and Director of the Nevada Bureau of Mines and Geology Jonathan Price recently stated that Nevada is still in its biggest mining boom, one that produced more than 200 million ounces of gold in Nevada from 1981 to 2009.

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:.
.Harry Lappa
North Springs Resources Corp. - Corporate Contact
President
(775) 398-3078
www.northspringsresources.com

[chuck44l]

View: Annual Data | Quarterly Data All numbers in thousands
Period Ending Oct 31, 2011 Jul 31, 2011 Apr 30, 2011 Jan 31, 2011
Total Revenue - - - -
Cost of Revenue - - - -

Gross Profit - - - -

Operating Expenses
Research Development - - - -
Selling General and Administrative 56 25 25 0
Non Recurring - - 10 -
Others - - - -

Total Operating Expenses - - - -


Operating Income or Loss (56) (25) (35) (0)

Income from Continuing Operations
Total Other Income/Expenses Net - - - -
Earnings Before Interest And Taxes (56) (25) (35) (0)
Interest Expense 1 0 - -
Income Before Tax (57) (25) (35) (0)
Income Tax Expense - - - -
Minority Interest - - - -

Net Income From Continuing Ops (57) (25) (35) (0)

Non-recurring Events
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Changes - - - -
Other Items - - - -


Net Income (57) (25) (35) (0)
Preferred Stock And Other Adjustments - - - -

Net Income Applicable To Common Shares (57) (25) (35) (0)


Currency in USD.

[chuck44l]

..LAS VEGAS, NEVADA--(Marketwire -12/23/11)- 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 initial field work and sampling on the North Springs Gold Project, which is located in the prestigious Mineral Ridge Mining District in Esmeralda County, Nevada, USA. In addition, the Company has secured a $1 million Draw-Down Line of Credit Note to fund exploration, growth, and on-going operations.

In early October 2011, a team of independent geologists took 42 rock-chip samples from the Company's current claims and surrounding areas. The results from this sampling program identified significant gold mineralization up to 0.23 ounces per ton from surface workings (complete results are available on our website at www.northspringsresources.com). Based on these findings, North Springs has, this week, submitted documentation to record an additional 42 claims with the Nevada Bureau of Land Management in Esmeralda County, which should be accepted shortly. If successful in recording all 42 claims, the North Springs Gold Project will consist of a total of 58 claims covering 1,160 acres.

"We are hitting the ground running! The samples that were recently sent to the lab for assaying have returned with very favorable results. I'm very pleased that we have quickly proven the potential of the project and shown our team's commitment to success," stated Harry Lappa, President of North Springs Resources. "In addition to returning some high-grade gold samples, the initial sampling work vastly increased our knowledge of the property. As a result, the Company is attempting to add an additional 42 claims in the area surrounding our existing claims to fully exploit the opportunity. The North Springs Gold Project currently has well defined drill targets based on both geologic mapping and surface sampling; presently demonstrating excellent potential for the discovery of a significant gold deposit."

Also, the Company has secured an initial financing of $130,000. This initial financing is part of a 12-month $1 million Draw-Down Line of Credit Note. The proceeds from this financing will be used for general working capital purposes or such other purposes as the Company may determine from time to time.

Mr. Lappa went on to state, "The initial financing, as well as the access to future capital, increases our flexibility to further operations and to allocate funds to the acquisition, exploration, and development of additional mining projects."

This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities in this offering, nor will there be any sale of these securities in any jurisdiction in which such offer solicitation or sale are unlawful prior to registration or qualification under securities laws of any such jurisdiction.

About North Springs Resources Corp.

North Springs Resources Corp. is focused on the evaluation, acquisition, exploration, and development of mineral resource properties. Currently, we are in the evaluation and acquisition phase of operations. 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 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.

..Contact:.
.
Investor
Gerry Belanger
LiveCall Investor Relations for
North Springs Resources Corp.
info@northspringsresources.com
(201) 984-5646

.
...

[chuck44l]

NSRS on radar here, Get it on yours for a possible move. As you can see the info on the company is very limited at this time so check back often as we will update this thread as we recieve new info. Remeber you heard it here first at StockPlaysOnline where we bring our members more winners. Please feel free to post any info that you may have. Fore more on NSRS and other stocks to watch be sure to join us in the penny stock chat room at http://www.stockplaysonline.com/visichat/

[chuck44l]

News from after the closing bell yesterday

LAS VEGAS, NEVADA--(Marketwire -12/27/11)- 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 signed a Letter Of Intent ("LOI") with DNP Mining LLP ("DNP") to acquire an interest in a significant gold property in Arizona. The basic terms of the LOI require North Springs to pay $500,000 for a 20% working interest.

North Springs is currently conducting a property evaluation and negotiating definitive terms of the potential acquisition. The Company believes that the property's past workings and estimated reserves can add significant shareholder value and firmly establish North Springs as a growth focused mining business.

The Goldstar/One Armed Joe Project, located near the city of Wickenburg, Arizona, consists of 900 feet of quartz veins in two zones (Goldstar: 600 feet and One Armed Joe: 300 feet) over nine (9) claim blocks totaling 180 acres.

"This is a gold project with huge potential! If we complete our acquisition of the property, we will be aggressive in moving forward with its development," stated Harry Lappa, President of North Springs. "We envision an exploration and development program that will include core drilling, a comprehensive mining plan, obtaining the necessary mining permits, and building a small pilot plant at the property."

The proposed transaction remains subject to, among other things, North Springs and DNP entering into a definitive agreement and completion of satisfactory due diligence by both parties. 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 and the Goldstar/One Armed Joe Project will be forthcoming.

About North Springs Resources Corp.

North Springs Resources Corp. is focused on the evaluation, acquisition, exploration, and development of mineral resource properties. Currently, we are in the evaluation and acquisition phase of operations. 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
(201) 984-5646
info@northspringsresources.com
www.northspringsresources.com

[chuck44l]

NSRS rewarding our members nicely this morning currently trading at .308 + 28.87% Congrats to all who took advantage of our alert yesterday and don't forget to take profits along the way. For more stocks to watch be sure to join us in the penny stock chat room at the link below.

http://www.stockplaysonline.com/visichat/

[Jav992]

I received the following thru email this morning regarding NSRS,,, Use your own judgement:

A new Pump & Dump campaign on North Spring Resources (NSRS) has begun from the same criminal touts who brought you Amwest Imaging (AMWI). The AMWI pump brought tens of millions of dollars in losses as the share price dropped from $1.39 to .26 in two hours. We fear the same is in store for NSRS. Already, TD Ameritrade has stopped accepting new buys for this scam and other brokers are said to be considering similar action. This can only mean that the regulators are looking closely at this one and we implore you to be careful before jumping in. In our opinion, trading could be halted at any time.


Although we are on break for the holidays, we wanted to bring you this emergency message. We'll be back next week with a full report on NSRS and the other scams out there.

We have been flooded with requests for a link to the site so here it is. http://www.pumpsanddumps.com


Speaking of AMWI, the stock has been downgraded to the pnk sheets and is now trading in the pennies. Just like we told you it would. Keep that in mind when considering NSRS.