GOLD SPRNGS RESOURCE CORP - GRCAF STOCK NEWS

Gold Springs Resource Corp. (TSX: GRC) (OTCQB: GRCAF) has released its Q2 2024 financial statements and MD&A. Key points include:

• General and administrative expenses for H1 2024 decreased to $0.31 million from $0.33 million in H1 2023
• Exploration spending in H1 2024 decreased to $0.17 million from $0.67 million in H1 2023
• Net loss for H1 2024 was $0.34 million compared to $0.28 million in H1 2023
• Q2 2024 net loss was $0.18 million compared to $0.08 million in Q2 2023
• Cash position as of June 30, 2024: $0.01 million

The increased net loss was primarily due to higher non-cash share-based payments expense.

Gold Springs Resource Corp. (TSX: GRC, OTCQB: GRCAF) announced the results of its 2024 Annual Shareholders Meeting held on June 17, 2024, in Vancouver, British Columbia. Shareholders approved all proposed resolutions, including setting the number of directors at five. The elected directors are Laurent Arnoux, Antonio Canton, Victor Dario, Philippe Jouard, and Tina Woodside-Shaw. The voting was conducted by ballot, with Arnoux, Dario, and Jouard receiving 99.92% of votes, Canton 90.92%, and Woodside-Shaw 97.95%. Philippe Jouard, Managing Partner of CELAH Capital, joins the board. Additionally, PricewaterhouseCoopers LLP was re-appointed as the auditors. Detailed voting results can be found on SEDAR+.

Gold Springs Resource Corp. (TSX:GRC)(OTCQB:GRCAF) Reports Decrease in General and Administrative Expenses, Exploration Spending, and Net Loss in Financial Statements Release

Gold Springs Resource Corp. reports positive drilling results from the Charlie Ross Resource area of its Gold Springs project. Highlights include 0.85 g/t gold equivalent over 4.5 meters and 1.85 g/t gold equivalent over 10.7 meters. The company aims to extend the Charlie Ross deposit in all three parallel zones.

Gold Springs Resource Corp. reports positive assay results from the South Jumbo Resource area of its Gold Springs project, extending the gold mineralization and expanding the South Jumbo deposit. The South Jumbo and North Jumbo resources are the two largest of the company's six existing M&I resources.

Gold Springs Resource Corp. reports new assay results confirming a significant extension of the North Jumbo deposit at its Gold Springs project.

Gold Springs Resource Corp. reports assay results from the Charlie Ross Resource area of its Gold Springs project, showing expansion of gold mineralization in all three zones. Significant grades include 3.10 g/t gold equivalent over 12.2 meters and 7.74 g/t gold equivalent over 4.6 meters.

Gold Springs Resource Corp. closes CAD$2,000,000 private placement of common shares at CAD$0.10 per share for working capital, including repayment of working capital advances. President, CEO, and director participated with CAD$453,840. Private placement subject to four-month hold period. Shares not registered in the US.

Gold Springs Resource Corp. (TSX:GRC)(OTCQB:GRCAF) reports unaudited financial statements for the three months ended June 30, 2023, showing decreased general and administrative expenses and exploration spending. The company also reported a net loss of $0.28 million for the six months ended June 30, 2023. Additionally, the appointment of a new member to the Audit Committee is announced following the unexpected passing of a board member.