Mr. Ryan Connacher reports

GOLDEN SPIKE ANNOUNCES EFFECTIVE DATE OF SHARE CONSOLIDATION AND NAME CHANGE TO GORDON MINING GROUP INC.

Further to the news release on Aug. 17, 2026, Golden Spike Resources Corp. will proceed to change its name to Gordon Mining Group Inc. and consolidate the company's issued and outstanding common shares on the basis of one postconsolidation share for every five preconsolidation shares.

The shares are expected to begin trading on the Canadian Securities Exchange under the ticker symbol GORD at the opening of trading on Sept. 30, 2026. The new Cusip for the shares is 38277A103, and the new ISIN is CA38277A1030.

Immediately prior to the consolidation, the company had 60,566,666 shares issued and outstanding. Following completion of the consolidation, the company is expected to have approximately 12,113,333 shares issued and outstanding, subject to adjustments for rounding. No fractional shares will be issued in connection with the consolidation. Any fractional interest resulting from the consolidation will be rounded down to the nearest whole share.

The exercise price of the company's existing stock options under the company's stock option plan, the number of shares issuable thereunder, and the exercise price and number of shares issuable under any outstanding warrants of the company will be adjusted in accordance with the consolidation. Following the consolidation, approximately 1,055,000 shares will be reserved for issuance upon the exercise of outstanding stock options, and approximately 6,432,563 shares will be reserved for issuance upon the exercise of outstanding warrants.

The board of directors believes that the name change and consolidation will better align the company's identity with its strategic objectives and provide greater flexibility to pursue future financing, business development and acquisition opportunities. The board also believes that the consolidation may broaden the company's appeal to investors and support long-term shareholder value. Under the company's articles, the name change and consolidation required only board approval.

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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