Golden Spike Resources Corp. announced that it has added two key mineral licences to the existing Gregory River Copper-Gold property, located in Newfoundland and Labrador, bringing the overall land position to 3,425 hectares. The Property is strategically centered over an approximate 11-kilometer-long stretch of the Gregory River VMS-belt, a north-northeast trending corridor of very prospective ground with potential to host "Cyprus-type"1 polymetallic VMS deposits.

In addition, the Property hosts a cluster of high- grade, copper ±gold vein structures that occur mainly in the northeast quadrant of the Property. The licences are well located in terms of infrastructure, just 42 km north-northwest of the city of Corner Brook, and 53 km west of the city of Deer Lake. The addition of the two licences removes some crucial gaps in the land position and adds significant mineral exploration potential to the Property, for both VMS- and vein-style copper and gold mineralization.

Historically explored VMS prospects, Steep Brook and Lode 9 are both added to the Property,and in the north, five vein-style prospects, including Palmer, Hall, Lode 6, Lode 7, and Lode 2 are also added to the inventory. Some of the significant newly added prospects are briefly described below: Steep Brook Prospect Steep Brook is an early-stage prospect strategically located in the southern part of the Property within the Gregory River VMS-belt and in proximity to the Gregory River Fault. The prospect area is underlain by mafic pillowed basalts of the Bay of Islands Complex and is considered to be in a very favourable environment to host Cyprus-type VMS deposits.

Historical exploration by Duval International (1982-1984), Noranda (1990) and Playfair Mining (2005, 2008), identified numerous outcrops intermittently exposed along a north-northeast trending creek bed over an approximate one-kilometre distance, many displaying widespread alteration (chloritization, silicification, carbonatization) and disseminated to semi-massive chalcopyrite and pyrite mineralization. A total of 122 historical float, grab and chip samples returned highly anomalous assays with 56 samples returning values greater than 1% copper. Sample results are in the following ranges: Duval's sampling included three rock chip samples collected from a one-metre-wide quartz-carbonate vein that returned an average grade of 11.5 g/t Au and 1.14% Cu indicating the potential for structurally controlled lode gold-copper mineralization.

Noranda completed a 1,000-metre by 1,500-metre grid of soil samples, which revealed a north- northeast trending, 1,100 metre-long, >100 parts per millioncopper soil anomaly, with grades as high as 4,700 ppm copper. Gold was not analysed for this survey. The majority of the soil Prior to completing their sampling program, Duval drilled core hole, CC-2 to 137 metres depth, however it was collared too far east to test the depth potential of either the copper soil anomaly or the anomalous surface rock samples.

Even so, the hole intersected highly anomalous results including 66 m @ 0.12% copper and 0.19 g/t gold. No follow-up was ever completed over this target area. Lode 9 Prospect The Lode 9 Prospect occurs in the northern portion of the Property and similar to Steep Brook, is in a very favourable lithological and structural environment to host VMS-style mineralization.

The area was explored by Noranda in 1991, who completed geological mapping, a soil survey, ground geophysics (magnetics, VLF, HLEM) and four wide-spaced diamond drill holes. The soil survey revealed a 1,200 metre long, north trending, >100 ppm copper soil trend with values as high as 1,000 ppm that remains open to the north. The survey was also assayed for zinc, with the resulting >100 ppm anomalies overlapping with many of the copper soil trends and with individual soil samples as high as 4,000 ppm zinc. Most of these soil anomalies remain untested by drilling.

In 1991 Noranda completed four wide spaced drill holes, one hole at Lode 9, two testing an EM anomaly 380 metres northwest of Lode 9 and one hole testing a narrow copper showing approximately 1,200 meters to the north of Lode 9. Significant assay results were returned from the hole at Lode 9, as follows: DDH G-91-2: 0.93% copper and 0.27 g/t gold over 20.2 m (from 38.0 to 58.2 m) Including, 2.12% copper and 0.60 g/t gold over 7.2 m (51.0 to 58.2 m) This target has never been followed up with additional drilling. The drill results shown above for the Steep Brook and Lode 9 prospects are historical in nature, having been reported by previous exploration companies. A qualified person has not done sufficient work to verify or validate these analytical data, as the historic core is no longer available for sampling and therefore these results should not be relied upon.

Insufficient drilling has been completed at the Steep Brook and Lode 9 prospects to determine the true widths of the intervals. Palmer/Hall Veins The Palmer and Hall veins are part of a cluster of at least eleven, high-grade copper ± gold vein prospects within a 3 by 2.3-kilometre, oval shaped target area in the northeastern part of the Property. Based on historical reports, the Palmer and Hall veins both average in the range 2% - 6% copper over widths averaging around 1.5 metres.

These veins are among the initial copper vein discoveries in the district back in the 1920's. Palmer was explored through a 90-metre adit and several surface trenches, which reportedly traced the west-trending structure for about 150 meters. In addition, drill logs from 11 shallow underground and surface drill holes at Palmer and Hall from 1957-1958 provide an indication of the potential for additional chalcopyrite-pyrite mineralized vein structures that may occur adjacent to the known veins, however analytical results were not included in most of the historical drill logs available to the Company.