Goldspan Resources Closes Mining Asset Purchase and Expands Board

Goldspan Resources, a junior mining company listed on the OTCQB under the symbol, GSPN, completed the purchase of two precious metals mining properties in the Walker Lane Trend of Nevada

Carson City NV – Goldspan Resources, Inc., (OTCQB – GSPN) completed the purchase of assets from SJE Mining LLC which included cash and two gold and silver mining properties located in Nevada.

The mining properties are 7 lode claims located in Washoe County, NV known as the Pyramid property and 23 lode claims in Churchill County, NV known as the West Trinity property.

In addition to the asset purchase, the following individuals were elected to the Board of Directors.

Steve Jones, Keith Simon, Trevor Moss and Thomas Mancuso. Mr. Jones was also appointed as VP of Exploration, Mr. Simon, CFO, Treasurer and Secretary.

Goldspan President Phil Allen said, “We look forward to our new mining venture and welcome our new Directors and Officers to the Company. Our new management team is very experienced in precious metals exploration and I am sure our Company will benefit from this transaction.”

About Goldspan Resources, Inc.
Incorporated in Nevada in 2007, Goldspan Resources, Inc. will focus on the evaluation, acquisition, and development of mineral properties primarily in Nevada.

Any questions by shareholders or interested parties should be directed to:

Goldspan Resources, Inc.
Phil Allen, President
philallen49@gmail.com
303-875-1044

SJE Mining LLC
Eric Stevenson, Manager
editor6367@charter.net

Safe-Harbor Statement:
Under the Private Securities Litigation Reform Act of 1995. This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers. The words “may,” “would,” “will,” “expect,” “estimate,” “anticipate,” “believe,” “intend,” and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company’s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.

Goldspan Resources Retains Investment Banking Firm CIM Securities, LLC

Goldspan Resources, has entered into an investment banking agreement with Denver-based CIM Securities, LLC
Denver CO – Goldspan Resources, Inc., (OTCQB – GSPN) has retained the investment banking firm of CIM Securities, LLC as the Company’s financial advisor. Under the terms of the investment banking agreement, CIM Securities, LLC will advise Goldspan Resources, Inc. on an exclusive basis for six months in connection to a proposed private placement of equity and/or debt securities of the Company for the purposes of acquiring and managing mineral investment opportunities in Nevada.

“We are excited to have an investment banking firm like CIM Securities, LLC to help guide the Company into its next phase of development,” said Phillip Allen, President, Goldspan Resources, Inc.

About Goldspan Resources, Inc.
Incorporated in Nevada in 2007, Goldspan Resources, Inc. will focus on the evaluation, acquisition, and development of mineral properties primarily in Nevada.

About CIM Securities, LLC
CIM Securities’ Investment Banking Group is focused on developing long-term relationships with senior management teams and significant stakeholders of micro-cap and small-cap market companies. Consistent with CIM Securities’ mission, the Investment Banking Group seeks to deliver value-added solutions with a focus on the needs of its clients.

Any questions by shareholders or interested parties should be directed to:

Goldspan Resources, Inc.
Phil Allen, President
philallen49@gmail.com
303-875-1044

SJE Mining LLC
Eric Stevenson, Manager
editor6367@charter.net

Safe-Harbor Statement:
Under the Private Securities Litigation Reform Act of 1995. This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers. The words “may,” “would,” “will,” “expect,” “estimate,” “anticipate,” “believe,” “intend,” and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company’s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.

Goldspan Resources Inc. Signs Non-binding Letter of Intent with SJE Mining LLC

Denver CO – Goldspan Resources, Inc., (OTCQB – GSPN) a junior gold mining company, signed a non-binding letter of intent with SJE Mining LLC, a privately-held Nevada mining company, to acquire SJE’s Pyramid and West Trinity precious metals lode claims, subject to a definitive agreement.SJE Mining LLC, a Nevada limited liability company, and Goldspan Resources, Inc., jointly announce the signing of a non-binding Letter of Intent (LOI). The LOI provides in part for Goldspan to acquire two properties owned by SJE Mining consisting of a total of 34 mining claims and leases in the Walker Lane Gold Trend of Nevada. Closing of the transaction will be subject to execution of a definitive agreement and satisfaction of the following conditions:

  • Completion by each party of their respective due diligence.
  • Delivery of audited financial statements by SJE Mining.
  • Goldspan completing a reverse split of its common stock on 25:1 basis.

Upon satisfaction of all conditions precedent, the following actions will be taken at Closing:

  • SJE will transfer the mining claims and leases to Goldspan.
  • Goldspan shareholders will convert a total of $110,000 of debt into Goldspan common stock at a conversion price of $0.04 per share.
  • Goldspan will issue to SJE such number of shares such that following the issuance, SJE will own approximately 70.6% of Goldspan’s issued and outstanding shares of common stock.
  • Goldspan will assume $150,000 in SJE debt financing.
  • SJE will transfer to Goldspan all cash held by SJE at the date of Closing net of any payables other than the $150,000 in debt financing.
  • Immediately following Closing, Goldspan will nominate two Board members, SJE will nominate two board members and two board members will be approved on the mutual consent of SJE and Goldspan.

Phillip Allen, President of Goldspan said, “We are extremely pleased with coming to terms with SJE’s management and look forward to executing a definitive agreement and the Closing of the transaction.”

Any questions by shareholders or interested parties should be directed to:

Goldspan Resources, Inc.
Phil Allen, President
philallen49@gmail.com
303-875-1044

SJE Mining LLC
Eric Stevenson, Manager
editor6367@charter.net

Safe-Harbor Statement:
Under the Private Securities Litigation Reform Act of 1995. This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers. The words “may,” “would,” “will,” “expect,” “estimate,” “anticipate,” “believe,” “intend,” and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company’s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.