Goldspan Resources, Inc. Seeks To Acquire Able Energy New York From American Bio Fuels

As part of a letter of intent, Goldspan Resources, Inc. (OTCBB:GSPN) and American Bio Fuels, LLC, have agreed to commence due diligence immediately, preceding entering into a definitive purchase agreement whereby Goldspan Resources will acquire all of the issued and outstanding shares of Able Energy New York.

American Bio Fuels and Goldspan Resources shall use reasonable efforts to conclude negotiations and execute and deliver the purchase agreement by June 15, 2010 in which the final valuation, terms and conditions will be open until the due diligence and audit of Able New York are completed.

Able NY is a retail distributor of home heating oil in New York state. ABF is desirous of selling 100% of its issued and outstanding shares of Able NY. GSPN recognizes that once the acquisition of Able NY is completed, the newly acquired entity, with adequate funding, will be able to expand its operations through acquisitions, organic growth and integration of distributors in contiguous and new markets.

No stock exchange or Securities Commission has approved nor disapproved the statements in this release. Any statements that are not strictly historical are "forward-looking statements" made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. These statements are subject to a number of risks and uncertainties that may affect actual events or results materially. These include, but are not limited to the Company's ability to obtain adequate financing to further its current and future business strategies; the Company's historical lack of profitability; the effects of business and economic conditions generally; and, other risks associated with a development stage company. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the Company are expressly qualified by these cautionary statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.