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To: Rocket Red who wrote (119202)	9/11/2003 11:50:55 AM
From: Jim Bishop	Respond to of 150070

GSGP going ...yesterday's split news I guess: GoldSpring, Inc. Authorizes an 11 for 10 Forward Split of the Company's Class SCOTTSDALE, Ariz., Sep 9, 2003 (BUSINESS WIRE) -- GoldSpring, Inc. (OTCBB:GSPG) announces today that the Company has authorized an 11 for 10 forward split of the Company's Class A common stock for shareholders of record as of September 16, 2003. This is effectively a 10% common stock dividend, which is being awarded to all common shareholders of record on the above date. The distribution should be complete by the end of September. The Company takes this action today as a means of saying thank you to ALL common shareholders, especially the original Ecovery, Inc. shareholders, 135 of which have held their shares since 1998 - 1999 and continue to hold restricted stock today, as well as the several hundred new and existing common shareholders that are currently supporting the Company's efforts to commence gold production in Nevada. A new cusip number for ALL the common shares of GoldSpring, Inc. has been applied for. In order to receive the additional shares, each shareholder must submit his or her current shares to the transfer agent of the Company, which will then re-issue a new certificate in the amount as reflected by the stock split. For shares held by shareholders at a brokerage house, each shareholder must request that his or her broker submit the shares to the transfer agent, on his or her behalf. Specific instructions will be posted and available on the Company's website by September 16th. The Company's Board of Directors believes that this action is in the best interest of ALL shareholders going forward into a very exciting chapter of rapid corporate development. More information will be forthcoming on production timing, Stage 2 finance completion and other company business. Statements contained in this press release, which are not historical facts, are forward looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based largely on the Company's expectations and are subject to a number of risks and uncertainties beyond the company's control, including but not limited to economic, competitive and other factors affecting the Company's operations, management team effectiveness, expansion strategies, available financing, market prices and recovery costs, government regulations involving the Company, facts and events not known at the time of this release, and other factors discussed in the Company's filings with the Securities and Exchange Commission. These statements are not guarantees of future performance and readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company undertakes no obligation to update publicly any forward-looking statements. SOURCE: GoldSpring, Inc. CONTACT: GoldSpring, Inc. Corporate & Investor Relations Steve Parent, 480-477-6440 info@goldspring.us www.goldspring.us URL: businesswire.com Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. Copyright (C) 2003 Business Wire. All rights reserved. -0- KEYWORD: NEVADA ARIZONA INDUSTRY KEYWORD: BANKING MINING/METALS * end of story *