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To: SSP who wrote (40594)	3/31/2000 1:50:00 PM
From: SSP	Read Replies (1) \| Respond to of 150070

GDSA - Goldstate Corp. to Acquire Two Companies in Health Care Industry Business Editors LAS VEGAS--(BUSINESS WIRE)--March 31, 2000--Goldstate Corporation (OTCBB:GDSA) is pleased to announce it has reached an agreement by signing a letter of intent to acquire of 100% of the issued and outstanding shares of National Care Card, ("NCC"), a Washington registered company. Under terms of the agreement Goldstate Corporation will issue the shareholders of NCC, 700,000 restricted common shares and invest up to $4,000,000 in the project. NCC is a USA-based discount health care organization to be launched in the second quarter of 2000. NCC is based on a successful healthcare program, Washington Health Card, LLC, (WHC), a Washington Limited Liability Corporation, launched in February, 2000, by Northwest Capital Holdings. Northwest Capital Holdings, through its subsidiary, NorthwestOne (www.northwestone.com), provides an extensive network of health care professionals and services to Washington residents. Goldstate Corporation has further signed a letter of intent to purchase 50% of the issued and outstanding shares of Washington Health Card (WHC) by issuing the shareholders 250,000 restricted common shares, and investing up to $1,000,000. Goldstate Corporation has a one-year option to purchase the remaining 50% of the issued and outstanding shares of WHC by paying $1,000,000 to the shareholders. WHC (www.washingtonhealthcard.com) is a Preferred Provider Organization (PPO) in Washington State, offering significantly discounted rates on health services to individuals who do not have health insurance, but do have the ability to pay for their own care. WHC allows individuals and dependents the ability to save up to 60% on health-care services throughout Washington state. WHC consists of over 5,000 physicians, 27 hospitals and over 1,050 pharmacies, Vista optical locations, and countless other medical providers statewide. Washington Health Card was founded on the belief that individuals and families who do not have access to affordable individual health insurance coverage shouldn't have to pay full price for medical services out of their own pocket. WHC allows for individuals to take control over the rising costs of health care through an innovative approach that provides employees, individuals and families an alternative to full-billed charges and high insurance premiums. Washington Health Card is a Limited Liability Company with its operations center located in Everett, Washington. SAFE HARBOR STATEMENT Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, commodity prices of precious metals and actual results differing materially from projections because of geological factors, operation factors, government regulations or factors relied upon from independent sources, may either negatively or positively impact exploration or mining operations. Forward-looking statements involve known and unknown risks and uncertainties that may cause the company's actual results in the future periods to differ materially from forecasted results. The company assumes no obligation to update the information in this release. --30--KS/se* CONTACT: Goldstate Corp. Craig Forgie, Investor Relations, 888/228-5526 investor@goldstatecorp.com www.goldstatecorp.com