Goldspan Resources has not generated any
revenues, has negative working capital, and has suffered losses from operations. These factors create substantial doubt about the
Companys ability to continue as a going concern. The financial statements do not include any adjustment that might be necessary
if the Company is unable to continue as a going concern.
The ability of Goldspan Resources to continue
as a going concern is dependent on the Company generating cash from the sale of its common stock and/or obtaining debt financing
and attaining future profitable operations or acquiring or merging with a profitable company. Managements plans include
selling its equity securities and obtaining debt financing to fund its capital requirements; however, there can be no assurance
the Company will be successful in these efforts.