| $160,000 |   |   |   |   |   |  Gold Hill,                Nevada |
|----------|--------|--------|--------|--------|--------|----------------------------------------|
|     |   |   |   |   |   |  August 31,                2005   |

| **1.  ** | **Maturity                  Date.**The                  unpaid principal balance of this Note and all other payments due                  under                  this Note shall be due and payable on or before March 31,                  2008. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **2.  ** | **Interest                  Rate.**                  No                  interest shall accrue on the principal balance of this                  Note. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------|

| **3.  ** | **Payments.**                  Beginning on December 31, 2005, and on the last day of each succeeding                  calendar quarter until the principal balance of this Note is paid                  in full,                  Maker shall pay to Holder the sum of Sixteen Thousand Dollars ($16,000).                  Each payment shall be applied to the unpaid principal balance of                  this                  Note. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **4.  ** | **Default                  Interest;** **Late                  Charges.**                  Any installment of principal not paid within ten (10) business                  days of the                  due date shall draw interest from and after such due date at the                  default                  rate of interest, which shall be five percent (5%) per annum until                  paid.                  If said payment is more than thirty (30) calendar days late, a                  late fee of                  five percent of said payment shall                  apply. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **5.  ** | **Prepayment.**                  There shall be no prepayment fee or charge if Maker elects to pay                  the                  principal balance due under this                  Note. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **6.  ** | **Events                  of Default.**                  At                  the option of the Holder, exercisable in its sole and exclusive                  discretion, the unpaid principal balance of this Note and all accrued                  interest on the unpaid principal balance shall become due, payable                  and                  collectible, without notice or demand, upon the occurrence at any                  time of                  any of the following events, each of which shall be deemed to be                  an event                  of default under this Note: |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.1.   | If                  any sum, whether principal, interest or other charges, due or becoming                  due                  pursuant to this Note is not received in full by the Holder within                  ten                  (10) business days of the date payment of such sum is due and owing. |
|------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.2.   | Maker’s                  breach of any agreement, covenant or obligation contained in the                  Purchase                  Agreement between Maker and Holder in accordance with which Maker                  has                  executed this Note. |
|------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| **7.  ** | **Acceleration.**                  If                  any installment payment is not paid when due, subject to any applicable                  grace period, or if there is a default in Maker’s performance of any of                  the agreements, conditions or covenants of the purchase agreement                  between                  Maker and Holder in accordance with which Maker has executed this                  Note,                  Holder may declare the entire unpaid principal balance of the Note                  and                  accrued interest, if any, due and payable at once without written                  notice                  to the Maker. Holder’s failure to exercise its right and option on any                  default under the instruments described in this section shall not                  be                  construed as a waiver to exercise such right and option on any                  later                  default or failure by Maker to perform Maker’s obligations. Holder’s right                  and option expressed in this section shall continue until all Maker’s                  defaults have been cured. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **8.  ** | **Costs                  of Collection.**                  Maker agrees that if Maker defaults under this Note and if and                  as often as                  this Note is placed in the hands of an attorney for collection                  or to                  defend or enforce any of Holder’s rights under this Note, Maker shall pay                  to Holder its reasonable attorney’s fees and all court costs and other                  expenses incurred in connection to such collection or enforcement                  actions,                  regardless of whether a lawsuit is ever commenced or whether, if                  commenced, the lawsuit proceeds to judgment or                  not. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **9.  ** | **Non-waiver.**                  No                  delay or omission on Holder’s part in exercising any right or remedy under                  this Note shall operate as a waiver of such right or remedy or                  of any                  other right or remedy under this Note. A waiver on one occasion                  shall not                  be construed as a bar to or a waiver of any such right or remedy                  on any                  future occasion. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **10.  ** | **Notices.**                  Any notice, request, demand, consent, approval or other communication                  required or permitted to be given by any provision of this Note                  shall be                  given in writing and shall be deemed to have been delivered personally                  or                  three (3) days after being mailed by certified or registered mail,                  postage                  prepaid and return receipt requested, addressed as                  follows: |
|---------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  Holder:    |  Comstock Gold, LLC                                |   |
|---------------------------------|---------------------------------------------------------|--------|
|                            |  Attn: Don Yeier, Managing                Director |   |
|                            |  5 Ithaca Road                                     |   |
|                            |  Candor, NY 13743                                  |   |
|                            |  Fax: 607-659-4000                                 |   |
|                            |                                                    |   |
|  Maker:               |  GoldSpring Inc.                                   |   |
|                            |  Attn: Rob Faber, President & CEO              |   |
|                            |  P.O. Box 1118                                     |   |
|                            |  Virginia City, NV 89440                           |   |
|                            |  Fax: 775-847-4762                                 |   |
|                            |                                                    |   |

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| **11.  ** | **Jurisdiction;                  Service of Process.**                  Any action or proceeding seeking to enforce any provision of, or                  based on                  any right arising out of, this Agreement may be brought against                  any of the                  parties in the courts of the State of Nevada, County of Washoe,                  or, if it                  has or can acquire jurisdiction, in the United States District                  Court for                  the Northern Division of the District of Nevada, and each of the                  parties                  consents to the jurisdiction of such courts (and of the appropriate                  appellate courts) in any such action or proceeding and waives any                  objection to venue. Process in any action or proceeding referred                  to in the                  preceding sentence may be served on any party anywhere in the                  world. |
|---------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **12.  ** | **Severability.**                  If                  any provision of this Agreement is held invalid or unenforceable                  by any                  court of competent jurisdiction, the other provisions of this Agreement                  will remain in full force and effect. Any provision of this Agreement                  held                  invalid or unenforceable only in part or degree will remain in                  full force                  and effect to the extent not held invalid or                  unenforceable. |
|---------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **13.  ** | **Time                  of Essence**.                  With regard to all dates and time periods stated or referred to                  in this                  Agreement, time is of the essence. |
|---------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **14.  ** | **Governing                  Law**.                  This Agreement will be governed by the laws of the State of Nevada                  without                  regard to conflicts of laws                  principles. |
|---------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **15.  ** | **Counterparts;                  Facsimile.**                  This Agreement may be executed and delivered in one or more counterparts,                  including counterparts delivered by facsimile, portable document                  format                  (PDF), or otherwise, each of which shall constitute an original                  document,                  and all of which taken together shall constitute one and the same                  instrument. A party providing its signature buy facsimile, PDF                  or                  otherwise shall promptly forward to the other party an original                  of the                  executed copy of this Agreement which was so delivered by facsimile                  or                  other means. |
|---------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**The        Plum Mining Company, LLC**

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