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

Norman Cay Development, Inc. NCDL 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. NSRS (“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.