Mr. Keith Anderson reports

GOLDEN SPIKE ANNOUNCES DEBT SETTLEMENT

Golden Spike Resources Corp. has entered into debt settlement agreements with three directors and the corporate secretary of the company, pursuant to which the company has agreed to issue an aggregate of 1.72 million shares at a deemed price of five cents per share to settle a total indebtedness of $86,000 subject to the approval of the Canadian Securities Exchange.

All shares, once issued on closing, will be subject to a four-month-plus-one-day statutory hold period. The company has resolved to satisfy the outstanding indebtedness with shares to preserve its cash for operations.

About Golden Spike Resources Corp.

Golden Spike 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 a 100-per-cent interest in the 5,175-hectare Gregory River property in Newfoundland, strategically centred over an approximately 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-zinc vein structures and breccia-hosted stockworks. Golden Spike Resources remains dedicated to sustainable exploration practices, and continues to collaborate with local communities, consultants and stakeholders as it progresses its exploration initiatives.

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