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

North Springs Resources Corp. NSRS 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).