Comstock Inc. · AMEX:LODE
Comstock — Goldspring — Investor Presentation (January 2008)
26 slides from Comstock's investor presentation, Jan 2, 2008
Slide 1: Gold Spring Investor Update
GOLD SPRING A Precious Mafals Company Investor Update CONFIDENTIAL January 2008 A Florida Corporation NASDAQ OTC Bulletin Board Trading Symbol: GSPG 1200 American Flat Road, PO Box 1118, Virginia City, NV 89440 Tel: 775.847.5272 Fax: 775.847.4762 www.goldspring.us
Slide 2: Cautionary Statements
cout Pans Cautionary Statements Certain information or contained or incorporated by reference in this presentation and related material, including any information as to our future financial or operating performance. constitutes “forward-looking statements”. All statements other than statements of hi
Slide 3: GoldSpring, Inc. (GSPG)
coupe GoldSpring, Inc. (GSPG) We are a North American precious metals mining company with an operating gold and silver test mine in northern Nevada. Our Company was formed in mid-2003, and we acquired the Plum property in November 2003. In our relatively short history, we secured permits, built an i
Slide 4: cout RING
cout RING Sid 20 SUEIZOGC
Slide 5: Management & Extended Team (1 of 2)
G91 rans Management & Extended Team (1 of 2) nce - Chairman of the Board: Bill has been a director of our Company since October 2005. Mr. Nance is a Certified Public ‘Accountant and private consultant to the real estate and banking industries. He is also President of Century Plaza Printers, Inc. Mr.
Slide 6: Management & Extended Team (2 of 2)
ogi PR Management & Extended Team (2 of 2) Dwight Juras— PhD. in Geology: Dwight specializes in structural geology. His career highlights have included successful exploration and exploitation of mineral deposit in the Coeur d'Alene, Idaho. Dwight has been focused in the Comstock for the past 8 years
Slide 7: Comstock Mining Property — Gold Hill, NV
ee SRP “6 COMSTOCK MINING PROPERTY — GOLD HILL, NV Acquired in November 2003 for $1.4 million Real Property (40 acres of land with buildings and laboratory trailers) > Heavy Equipment Processing Equipment > Acquisition cost of known in ground gold of approximately $20 per ounce
Slide 8: Acquired Company in November 2003
Acquired Company in November 2003 Obtained required regulatory and environmental permits: + Air quality control permit + Water Usage + Cyanide Heap Leach Special Use Permit + County special use permit + Reclamation permit + Storm water drainage permit + Water rights + Wildlife permit + Water polluti
Slide 9: Infrastructure
Gc Infrastructure Invested $8.0 million in Infrastructure: WARS VARS Leach Pads Processing Equipment Precipitating Equipment Haul Roads Crushing Circuit Conveyor System Water Rights Lab Equipment
Slide 10: Gold for 2007
ie. Te Gold for 2007 Goldman Sachs $785/oz Average with target of $1,000+ Citigroup $850/oz Merrill Lynch $675/0z Morgan Stanley The next leg upward expected in next 12 months Deutsche Bank No price guidance but made gold the #1 pick for 2007 JP Morgan Chase $800 Bloomberg $730/0z Credit Suisse $700
Slide 11: Competitive Cost Profile
acunnxc Competitive Cost Profile Cost per Ounce (US$ / 0z Au) $500 S414 Secor $359 $329 $300 $300 = 200-44 ue $2004 $120 s100-+"7 | so—jedal Harmony Gold Kinross Newmont AngloGold Barrick Polyus Goldcorp 10
Slide 12: Market Capitalization Analysis
Market Capitalization Analysis Market Cap Per Ounce Of Mineral Reserve ssoo-} sa00-+ 3368 sa004 S05 210 $218 s200-} 3153 SITs = si20 | s100-44 so Gold Kinross Barrick Newmont Polyus Goldcorp Harmony Field AngloGold u
Slide 13: Holdings in the Comstock
Holdings in the Comstock Over 2,600 ACRES 100 Lease Approximately Claims
Slide 14: The Comstock
GOLE ING One of Worlds “Giant” Mineral Districts. + Produced ores containing 15 million ounces of gold and 230 million ounces of silver. + 33 Bonanza discoveries One of Nevada’s most under- explored districts in terms of Modern Exploration + Abundant remaining exploration opportunities. Second large
Slide 15: Claim Acquisitions
See rene Claim Acquisitions q Justice, =a $6 per ounce of in-ground gold (estimated) PLUM MINING » Contiguous with existing property JUSTICE » Approximately 36 acres WOODVILLE 53 COMSTOCK KEYSTONE > Expands Life of Project PLUM MNS PRE CLOSING LaND STATUS GENERAL LOCATION MAP 14
Slide 16: Spring Valley — Lyon County, NV
courPanse Spring Valley — Lyon County, NV »25 Placer and lode Claims on approximately 850 acres » Located 3 miles south of Billie the Kid Project — Part of our expanding footprint in Comstock Lode Region of Nevada Historical exploration programs established mineralization on property Plum Mining — \
Slide 17: Comstock Lode Mine
G91 Lam Comstock Lode Mine STATE ROUTE 342 oe JUSTICE AREA a Increase production potential / Efficiencies and ensure predictability = Comprehensive Geological Review = Drilling Program = Reserve report = Comprehensive mine plan " Metallurgical review = Add secondary crusher = Add mill = Add haul veh
Slide 18: Developmental and Exploration Drilling
= Developmental and Exploration Drilling Near term, low cost production from known and indicated surface mineable resources and reserves. Developmental Drilling: PhaseI 100 drill holes Phase II 50 to 100 drill holes Phase III 50 to 100 drill holes Explore and develop new Bonanza deposits and high gr
Slide 19: Geological Map
Geological Map ee el ae Lindy Wes leng one [eal = 18
Slide 20: 2007 / 2008 Drilling Program
Go1 — 2007 / 2008 Drilling Program 19
Slide 21: Sample Cross Section
Sample Cross Section 20
Slide 22: Comstock Property — Permitted Area
Comstock Property — Permitted Area Active Mining == THE PLUM MINING Co, ‘ayes cocanow a
Slide 23: Comstock Permitted Property
GoL Sraivc Comstock Permitted Property Intensively drilled area tt Boarder of known deposit — GaldSprng Ine. Toe eaten etien i ia —<——$e rhe 2
Slide 24: Comstock Mining Property — Processing Facility
Comstock Mining Property — Processing Facility Hl ‘THE PLUM MINING CO. 23
Slide 25: Big Mike Copper Project and Como Claims
GOL Ran Big Mike Copper Project 17 unpatented lode claims on approximately 310 acres in Pershing County, Nevada Actively negotiating joint venture to develop and operate the project 20 million pounds of copper already mined and stockpiled Exploration potential for additional copper on property Subst
Slide 26: Investment Considerations
Gor Rhian Investment Considerations é Experienced Managetengiea ~ Over 100 years of combined mining experiens ~ Teamof: miningengineers; mining geologists & -indiistuy experts. Mergers and -adquisition €xperiénce = T-/-08 ~ Strong mining industry contacts ~ Gold price increased’ by 006 since begimmi