New Report Issued On North Springs Resources Corp. (OTCBB: NSRS) Calling It A "$4 Opportunity"

(EstateNewsWire.com, January 11, 2012 ) New York, NY -- On January 10, a new research report was published on North Springs Resources Corp. (OTCBB: NSRS) with a $4 target price on a Seeking Alpha Instablog. In the report, the author called North Springs Resources (OTC: NSRS) a $4 Opportunity. Recently, on January 8, 2011, North Springs entered into a Minerals Lease and Agreement with MinQuest, Inc., a Nevada corporation ("MinQuest"), whereby the Company acquired the right to conduct mineral exploration activities for a term of twenty (20) years on various unpatented mining claims situated in Esmeralda County, Nevada, collectively known as the "Imperial Property", subject to a three percent (3%) Net Smelter Royalty to be paid to MinQuest. In exchange for the Imperial Property, the Company shall pay an aggregate of one hundred forty thousand US dollars ($140,000) to MinQuest and provide an aggregate of three million US dollars ($3,000,000) in work commitments over the term.

"The Imperial will make another great acquisition for North Springs. It has many ideal characteristics that we look for in new projects, including previous production and clearly defined exploration targets with the strong possibility for additional significant gold discoveries," said Harry Lappa, President of North Springs. "We are extremely happy with all of our recent acquisitions and will continue to work to position ourselves as an emerging leader in gold and silver exploration and build shareholder value."

The entire report can be found at http://seekingalpha.com/instablog/973391-brian-nichols/252057-a-4-opportunity-in-north-springs-resources

About North Springs Resources Corp. (OTCBB: NSRS):

North Springs Resources Corp. (OTC: NSRS) is a Nevada based mineral exploration company focused on discovering and advancing precious metal properties in Nevada. The company is constantly looking to add to its asset property base, by acquiring additional leases, and entering into Joint Venture agreements and partnerships that the company feels will add to overall shareholder value.

Forward-Looking Statements

Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Readers are urged not to place undue reliance on the forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release. Additional information on risks and other factors that may affect the business and financial results of North Springs Resources Corp. (OTCBB: NSRS) can be found in the filings of North Springs Resources Corp. with the U.S. Securities and Exchange Commission.

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Indepedent Research Investment

Jay Fitzner

312-585-4435

jfizzle2@hushmail.com

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