GoldSands Announces Termination of Mineros SA Agreement

GoldSands Announces Termination of Mineros SA Agreement 
LIMA, PERU -- (Marketwire) -- 11/07/12 -- GoldSands Development
Company (OTCBB:GSDC) announces that the agreement signed with Mineros
S.A. on January 20, 2012 has been terminated by Mineros SA effective
immediately.  
The Mineral Right Option and Joint Venture Agreement with Mineros
S.A. of Colombia, South America granted Mineros two exclusive options
entitling it to acquire up to an eighty-five percent (85%) interest
of GoldSands' ownership interest in 49 Mineral Rights Concessions
located in Northeast Peru ("Mineral Rights").  
Mineros declared that the property does not meet its requirements for
the large-scale dredging operation that they were seeking to develop.
However they recognize that there may be sufficient gold bearing
channels that may be suitable for smaller scale commercial gold
production.  
Goldsands is now evaluating its options towards continued exploration
and potential gold production. 
About GoldSands Development Company  
The Company's goal is to fully develop its Peruvian GoldSands
project. The Company's GoldSands project in Peru consists of options
on 461 square kilometers (178 square miles) of mining property, the
largest such block in the district. For thousands of years, the
waters of the Santiago and the Maranon rivers have been carving their
way through the gold-rich mountain canyons of the Andes, carrying off
gold and depositing it, as the river comes out into the plain, in the
loose gravels and sands - GoldSands - in the area the Company now
controls.  
Results from test holes drilled during GoldSands' exploratory drill
program indicated the presence of alluvial gold in economical
quantities. While the Company considers results from the drill
programs and test mining production to be favorable, the Company
cautions that these results do not indicate the presence of a
commercially viable mineral deposit over most of the area and an
extensive amount of further exploration and funding is needed to
determine the full feasibility of the project.  
The Company completed a social baseline study involving a series of
meetings with local residents and other stakeholders in the region.
The Company intends to work in an equitable, transparent, and
socially responsible manner with
 local communities, suppliers and
employees. The Company is committed to acting as stewards of the
local and regional ecological systems, behaving in an environmentally
responsible way, leaving a minimal "footprint" as a result of our
operations. The Company is working towards building trust and
sustaining relationships that go well beyond mining operations. The
full implementation of these programs will require the Company to
secure additional financing.  
Further information about GoldSands Development Company may be found
at: www.goldsandsco.com.  
On behalf of the Board:  
Dr. Michael Stocker - CEO  
GoldSands Development Company  
Disclaimer  
This release contains forward-looking statements that are based on
beliefs of GoldSands Development Company management and reflect
GoldSands Development Company's current expectations as contemplated
under section 27A of the Securities Act of 1933, as amended, and
section 21E of the Securities and Exchange Act of 1934, as amended.
When we use in this release, the words "estimate," "project,"
"believe," "anticipate," "intend," "expect," "plan," "predict,"
"may," "should," "will," "can," the negative of these words , or such
other variations thereon, or comparable terminology, are all intended
to identify forward looking statements. Such statements reflect the
current views of GoldSands Development Company with respect to future
events based on currently available information and are subject to
numerous assumptions, risks and uncertainties, including but not
limited to, risks and uncertainties pertaining to development of
mining properties, changes in economic conditions and other risks,
uncertainties and factors, which may cause the actual results,
performance, or achievement expressed or implied by such forward
looking statements to differ materially from the forward looking
statements. The information contained in this press release is
historical in nature, has not been updated, and is current only to
the date shown in this press release. This information may no longer
be accurate and therefore you should not rely on the information
contained in this press release. To the extent permitted by law,
GoldSands Development Company and its employees, agents and
consultants exclude all liability for any loss or damage arising from
the use of, or reliance on, any such information, whether or not
caused by any negligent act or omission.
Contacts:
GoldSands Development Company
Investor Inquiries:
North America Toll Free: 800-215-0811
Direct Dial: 360-339-7309
info@goldsandsco.com
www.goldsandsco.com