Mr. Keith Anderson reports

GOLDEN SPIKE PROCEEDS TO A PRIVATE PLACEMENT FINANCING OF UNITS

Golden Spike Resources Corp. will proceed to a private placement financing of 3.95 million units at eight cents per unit for gross proceeds of $316,000. Each unit consists of one common share and one-half of one warrant. Each whole warrant is exercisable at 10 cents per common share for two years from closing. Closing of the private placement is scheduled for Dec. 5, 2023.

The company will pay finders' fees consisting of 8 per cent cash and 8 per cent warrants (with the same terms as the subscribers' warrants except that the finder's warrants will be non-transferable) on a portion of the private placement in accordance with the policies of the Canadian Securities Exchange. Proceeds of the private placement will be used for exploration and development of the company's projects in Newfoundland, and for general working capital. The private placement is subject to the acceptance of the CSE.

About Golden Spike Corp.

Golden Spike Resources Corp. is a Canadian mineral exploration company focused on identifying, acquiring and unlocking value in mineral opportunities in Canada and other low-risk jurisdictions. The company currently holds 100-per-cent interest in the 3,425-hectare Gregory River property in Newfoundland, strategically centred over an approximate 11-kilometre-long stretch of the Gregory River volcanogenic massive sulphide belt, a north-northeast trending corridor of very prospective ground with potential to host Cyprus-type polymetallic VMS deposits. In addition, the property hosts a cluster of historically explored, high-grade, copper-plus-or-minus gold-vein structures.

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