Major Breaking News! (GSPM) A Validation Of Potential Gold

[StockTalk Central]

NEWS ALERT Golden Spirit Minerals Ltd (OTCBB:GSPM) Near Term Price Projection: $0.20 SHARES OUTSTANDING: 40.7 Million APPROX. FLOAT: 29.2 Million Near Term Price Proj.: $0.20 A Few Reasons To Own GSPM Gold is Selling at Near 7 Year High The Weakening Dollar is Good News for Gold Investors and Gives at Least a Short-Term Boost to U.S. Companies Who Do Business Overseas. GSPM is Focused on Building a Portfolio of Promising Gold Properties to Maximize Shareholder Value Based on the Ever-Increasing Value of Gold. GSPM has a 90% ownership in the Ester Creek Gold Properties located approximately eight miles northeast of Fairbanks, Alaska. GSPM's Ester Creek Mining Claims consist of mining claims over an area of approximately 2,320 acres over 4 square miles. Similarities of Gold Trends at in site mineralized zones between Pedro Dome (Cyprus Amax - $800 Million Dollar year round gold mine) and Ester Dome (GSPM) Ester Creek drainage has been the number one producer of gold, second only to a creek in the Brooks Range of Alaska above the Arctic Circle. The Ester Mining District having yielded more gold than the rest of Alaska combined according to the University of Alaska. (The Ester Creek Claims are located on and around a highly mineralized earthen dome structure Ester Dome) in the heart of the famous Tintina Gold Belt. ABOUT Golden Spirit Minerals (GSPM: OTC BB) has a 90% ownership in the Ester Creek Gold Properties located approximately eight miles northeast of Fairbanks, Alaska. The Ester Creek Mining Claims consist of mining claims over an area of approximately 2,320 acres over 4 square miles. The property is located on and around a highly mineralized earthern dome structure (Ester Dome) in the heart of the famous Tintina Gold Belt of Alaska. Another mineralized dome (Pedro Dome) located just east of Ester Dome is the location of the now famous Ft. Knox gold deposit and home to the largest operating Gold mine in Alaska. The Tintina Gold Belt has been the focus of extensive gold exploration by many major world-class mining companies over the past decade. During that period, gold resources have exceeded 23 million ounces of gold from ten different deposits located from Ester Dome to Pedro Dome. Gold was first discovered in Alaska on Pedro Dome with Ester Dome being the second discovery. Since the discovery, the Ester Creek drainage has been the number one producer of gold, second only to a creek in the Brooks Range of Alaska above the Artic Circle. The Ester Mining District has yielded more gold than the rest of Alaska combined, according to the University of Alaska Mining Department. Cyprus Amax's $800 million dollar year round gold mine is on Pedro Dome. Infrastructure consists of Asphalt roads that are maintained year round to service the Ester Creek claims, which is just 3.2 miles from the town of Ester, Alaska. PRESS RELEASE Gold Trends Between Pedro Dome and Ester Dome SEATTLE, Nov. 21, 2003 (PRIMEZONE) -- Golden Spirit Minerals Ltd. (OTC BB:GSPM.OB - News) states the following as reported in the State of Alaska publication of ``Alaska's Mineral Industry No. 51 of the Division of Geological and Geophysical Surveys'' relating its recently acquired Ester Creek mining properties on Ester Dome in Fairbanks, Alaska. There are many similarities between Golden Spirit's Property on Ester Dome and Cyprus Amax's Property on Pedro Dome ($800 million annual revenue). Both mineralized Domes are part of and are within the Tintina Gold Belt. The Fort Knox gold deposit, which is on Pedro Dome and the Ester Creek properties on Ester Dome, are both within a granodiorite quartz monzonite pluton. The metasediment-hosted Ryan lode of Ester Dome shows similarities to Pedro Dome's gold Fort Knox reserves, which are hosted in siderite-quartz veins in carbonaceous quartzite and schist within a terrain containing eclogitic rocks. Both Domes are pushed up occurrences from highly mineralized layers, which have the appearance of sister/twin sub-earthen structures. Both occurrences are similar geologically, relatively close to each other and a part of the pluton near and around Fairbanks, Alaska. Golden Spirit Minerals Ltd. is focused on building a portfolio of promising gold properties to maximize shareholder value based on the ever-increasing value of Gold. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical fact are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays in testing and evaluation of products and other risks detailed from time to time in Golden Spirit Minerals filings with the Securities. VALUATION Historically speaking, the price of gold has had an inverse relationship with the stock market. That is, when stocks move up, gold goes down. This was certainly the case in the late 1970s when markets meandered lower while the price of gold shot higher--eventually topping out around $830 an ounce in early 1980. Again, in the late 1990s, as the 1982-2000 Bull Market Drove Stocks into the Stratosphere, Gold Got Buried. Not so this time. Since early this spring, gold has rallied right along with stocks. An ounce of gold now changes hands for about $393, up 22% since April. Gold Mining Stocks Have Done Even Better: The Philadelphia Gold and Silver Mining Index is up 63% since late March. What does any of this have to do with GSPM right Now? Answer: Not Much! For Small Micro Cap Companies such as GSPM, there are a lot of similarities between Gold Mining Companies and Oil Drilling Companies. What is obvious to us is the Speculation Factor, being Highly Speculative and a Tremendous amount of RISK, But as the saying goes: " The Greater The Risk, The Greater The Reward". In most cases, these Small Drilling Companies, be it Oil and Gas or Gold, they all seem to acquire property or interests right next to one of the Greatest Discoveries of All Time, and think that they will do the same with their own Stakes. Some Do, And Some Don't! History has Shown that there is logic to this thinking. Particularly in Oil and Gas, as well as Gold. From what we understand, because of the way the Earth was formed, there is Potential for Finds of Oil and Gas, as well as Gold in adjacent properties to "Great Discoveries". So, what does any of this mean to GSPM's Potential Future? Answer: Maybe Nothing, or on the Other Hand Maybe A lot! Only time will tell. Well, what do we think GSPM could be Worth Near-Term? In our opinion, Based on the most current PR above, and based on the Theory of "property or interests right next to one of the Greatest Discoveries of All Time". One way to value a company is to look at its peers in the Industry. Relative to comparative companies within the Gold and Silver Industry. According to Multex, A grouping of comparable companies within this Industry currently trades at an average price to sales multiple of 7.51 times. If over the Near- Term GSPM Were to confirm Test Results that Prove Gold Reserve's and If GSPM were to ONLY generate Just 1% of what Cyprus Amax Generates out of one Gold Mine this would equate to $8 Million Dollars in Annual Revenue. Then applying the Price to Sales (TTM) multiple of 1 times (which would be an 87% Discount to its Peers- The Speculation Factor), would equate to a market cap of $8 Million Dollars. Thus, when applying the comparative group's price to sales multiples to GSPM we can arrive at a relative valuation of $0.20 Cents Per Share over the Near-Term. CONCLUSION As We Have Said On Many Other Occasions: With GSPM Trading Today for Pennies on the Dollar, One Way to Look at GSPM is as a Perpetual Call Option on the Future Success of the Company. In our Opinion, the risk in Owning GSPM is no Greater Than Owning an Out of the Money Six Month Call Option on Intel, Cisco, or Microsoft. You may lose all or some of your money or you Could Make a Killing. Special Offer Disclaimer: The purpose of this advertisement is to provide publicity for the advertised company, its products or services. This advertisement is not a solicitation or recommendation to buy, sell or hold securities and does not provide an analysis of the financial position of the company. StockTalk Central, and affiliates (STC), publishes reports providing information on selected companies that STC believes has investment potential. STC is not a registered investment advisor or broker-dealer. This report is provided as an information service only, and the statements and opinions in this report should not be construed as an offer or solicitation to buy or sell any security. The above report is the opinion of STC and is not a guarantee that the target price for the stock will be met or that predicted business results for the company will occur. STC accepts no liability for any loss arising from an investor's reliance on or use of this report. An investment in GSPM is considered to be highly speculative and should not be considered unless a person can afford a complete loss of investment. An affiliate of STC has been hired by the company for the publication and circulation of this report, and received two million free trading shares of common stock of GSPM by a third party non-affiliate (Frank Disalvo) and STC and affiliates have no relationship to the third party. STC intends to sell all or a portion of the GSPM stock at or about the time of publication of this report. Subsequently STC may buy or sell shares of GSPM stock in the open market. Since an affiliate of STC has been compensated there is an inherent conflict of interest. This report contains forward-looking statements, which involve risks, and uncertainties that may cause actual results to differ materially from those set forth in the forward-looking statements. For further details concerning these risks and uncertainties, see the SEC filings of GSPM including the company's most recent annual and quarterly reports.

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