Message #46 From:
Jason Date: July 15, 2008 07:08:07 PM
GSPG Stock: GoldSpring to Appoint New Director
Jonathan D. Jaffrey to be Appointed to GoldSpring Board
GOLDHILL, Nev., July 14 /PRNewswire-FirstCall/ -- GoldSpring, Inc.
(OTC Bulletin Board: GSPG) reported today that it has recommended to its Board
of Directors the election of Jonathan D. Jaffrey to serve as an independent
director. The addition of Mr. Jaffrey will bring the total number of
directors to four and subject to completion of administrative paperwork is
expected to provide a fully independent Board member able to sit on various
Board Committees for which independence is a prerequisite (i.e.: Audit
Committee). 'The addition of Jonathan Jaffrey as an independent director
strengthens the composition of the GoldSpring Board and demonstrates the
increase of credibility and acceptance of GoldSpring in the marketplace,'
stated Bill Nance, GoldSpring's Chairman of the Board. 'Mr. Jaffrey brings a
great deal of investment strategy and oversight experience to the Company, and
his interest in joining the GoldSpring Board is the result of years of hard
preparatory work in positioning GoldSpring as a potential leader among its
peers.'
Jonathan D. Jaffrey is the President and a founding partner of Springbanc
Philanthropy Advisors, a nationally focused philanthropy consultancy.
Mr. Jaffrey most recently served as chief operating officer, chief financial
officer, and member of the investment committee for the W.M. Keck Foundation,
a $1.4 billion private foundation focusing on science and engineering
research, medical research, liberal arts, and community programs in Southern
California. In addition to his duties at the W.M. Keck Foundation,
Mr. Jaffrey served as President of a multigenerational family office serving
the needs of a Los Angeles based Forbes 400 family. Mr. Jaffrey's experience
spans nearly two decades, hundreds of millions of dollars in charitable
giving, and a wide range of industry experience, each imparting invaluable
business acumen. Mr. Jaffrey holds an M.B.A. from the University of Southern
California.
GoldSpring, Inc. is a North American precious metals mining company,
focused in Nevada, with extensive, contiguous property in the Comstock Lode
District. Our Company was formed in mid-2003, and we acquired two properties
in the Comstock Lode before the end of the year. We secured permits, built an
infrastructure and brought the exploration project into test mining production
within a year of its acquisition. The Company, in 2005, began consolidating
the Comstock Lode by acquiring additional properties in the district,
expanding our footprint and creating opportunities for exploration and mining.
We are an emerging company, looking to build on our success through the
acquisition of other mineral properties in the Comstock Lode District with
reserves or exploration potential. The Company's objectives are to increase
reserves through exploration, expand its footprint in the Comstock, resume
mining, optimize its production, and maximize shareholder value.
The Private Securities Litigation Reform Act of 1995 provides a 'safe
harbor' for forward-looking statements. Certain information included in this
communication (as well as information included in oral statements or other
written statements made or to be made by GoldSpring) contains statements that
are 'forward-looking,' as defined in Section 21E of the Securities Exchange
Act, such as statements relating to the future anticipated direction of the
high technology and energy industries, plans for future expansion, various
business development activities, planned capital expenditures, future funding
sources, anticipated sales growth, mining capability and potential contracts.
Such forward-looking information involves important risks and uncertainties,
which include the risk factors disclosed in our most recent filings with the
U.S. Securities and Exchange Commission, that could significantly affect
anticipated results in the future and, accordingly, such results may differ
from those expressed in any forward-looking statements made by or on behalf of
GoldSpring. These risks and uncertainties include, but are not limited to,
those relating to development and expansion activities, dependence on existing
management, financial activities, domestic and global economic conditions,
changes in federal or state tax laws and market competition factors. These and
other factors, which could cause actual results to differ materially, are
discussed in more detail in GoldSpring's filings with the Securities and
Exchange Commission. Forward-looking statements include statements regarding
our expectations, beliefs, intentions or strategies regarding the future and
can be identified by forward-looking words such as 'anticipate,' 'believe,'
'could,' 'estimate,' 'expect,' 'intend,' 'may,' 'should,' 'will,' and 'would'
or similar words. We assume no obligation to update the information included
in this press release, whether as a result of new information, future events
or otherwise.
Contact information for GoldSpring, Inc.: P.O. Box 1118 Virginia City, NV 89440 Tel 775.847.5272 Fax 775.847.4762 http://www.goldspring.us
Robert T. Faber, President and CEO 480.603.5151 775.847.5272 E-mail: rfaber@goldspring.us
or
Dan Schustack, CEOcast, Inc. for GoldSpring, Inc. at (212) 732-4300
