Vancouver, British Columbia–(Newsfile Corp. – October 24, 2024) – Golden Spike Resources Corp. (CSE: GLDS) (OTCQB: GSPRF) (FSE: L5Y) (“Golden tip“or the”Business“) is pleased to announce that mobilization of diamond drilling equipment and crews has begun for the upcoming program on the Gregory River copper-gold property in western Newfoundland (“the Property”) ).

As announced on October 17, the program is expected to include approximately 14 holes (3,000 m), distributed between the Steep Brook, Lode 9 and Vein Zone targets. The drill holes will test selected first priority IP targets that rely heavily on other layers of exploration data, including geological interpretations, geochemical information, historical drilling and airborne magnetic data. All required permits are in place and a team has prepared several drilling platforms in advance at the Steep Brook target.

Highlights:

• Approximately 14 diamond drill holes, totaling 3,000 and targeting high priority targets at Steep Brook, Lode 9 and the Vein Zone.
• A previous IP study identified multiple high-priority chargeability and resistivity anomalies across all three targets.
• Drilling begins on the Steep Brook VMS Cu-Au target.

Golden Spike President and CEO Keith Anderson commented: “We are pleased to have reached this important milestone for the Company with the start of our maiden drilling campaign on our Gregory River Project. After receiving our IP results and integrating them with all of our other exploration data, our team generated numerous high priority drill targets for VMS and vein copper and gold mineralization. Most of our drill targets have not been drilled before and it will be exciting when we start to see the initial core. We look forward to updating our shareholders on drilling results as they become available over the coming weeks. I would like to thank the entire team who have worked so hard to bring the company to this drilling stage and wish everyone. our staff and contractors a safe and successful drilling program.

JEA Program

Golden Spike Resources Corp. is deeply grateful to have been selected as a recipient of the Newfoundland Junior Exploration Assistance (JEA) program. The planned financial support of $95,691.86 represents a critical step in advancing our exploration initiatives in Newfoundland, and we are extremely grateful for the support provided by the Government of Newfoundland and Labrador. This opportunity reinforces our commitment to responsible and innovative exploration in the region, and we look forward to the positive impact this assistance will have on our efforts. We thank the government for their confidence in our vision and our ongoing work.

Qualified person

The scientific and technical information contained in this press release has been reviewed and approved for disclosure by Mr. Robert Cinits, P.Geo, director of the Company and a “qualified person” within the meaning of National Instrument 43-101 on Disclosure Standards . for mining projects.

About Golden Spike

Golden Spike Resources Corp. (CSE: GLDS) (OTCQB: GSPRF) (FSE: L5Y) is a Canadian mineral exploration company focused on identifying, acquiring and unlocking value in mining opportunities in Canada and other low-risk jurisdictions. The Company currently owns a 100% interest in the 5,175 hectare Gregory River property in Newfoundland, strategically centered on an approximately 11 kilometer long stretch of the Gregory River VMS Belt, a north-facing corridor. northeast of very promising terrain with the potential to host Cyprus-type polymetallic PMV deposits. Additionally, the property hosts a group of historically explored high-grade copper and gold vein structures.

ON BEHALF OF THE BOARD OF DIRECTORS

Neither the Canadian Securities Exchange (the “CSE”) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

Caution Regarding Forward-Looking Statements

This press release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of the Company’s management regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and expressions or statements that certain actions, events or results “could”, “could”, “should”, “would” occur.

In addition, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or expressed. implied by this forward-looking information. looking at statements. These risks include, but are not limited to: volatility in global capital markets, political instability, unanticipated costs, risks related to the extent and duration of the conflict in Eastern Europe and its impact in global markets, lack of availability of capital and financing, general risks. economic, market or business conditions, adverse weather conditions, failure to maintain all necessary government permits, approvals and authorizations, failure to maintain community acceptance (including First Nations), increased costs, litigation, failure to comply with counterparties to fulfill their contractual obligations, failure of the exploration program, including the recent IP survey and potential future drilling which would result in the discovery of significant precious metal and/or base metal mineralization, as well as risks, uncertainties and factors set forth in the Company’s information filing under the Company’s profile on SEDAR+ at www.sedarplus.ca. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results are not those anticipated, estimated or expected. . Accordingly, readers should not place undue reliance on the forward-looking statements and forward-looking information contained herein. Readers are cautioned that reliance on this information may not be appropriate for other purposes. The Company undertakes no obligation to update any forward-looking statements or forward-looking information disclosed herein, except in accordance with applicable securities laws.