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Golden Spike Completes Acquisition of Golden Horizon Exploration Corp

Mergers & Acquisitions Exploration Programs

GOLDEN SPIKE COMPLETES ACQUISITION OF GOLDEN

HORIZON EXPLORATION CORP.

Vancouver, British Columbia, July 21, 2022 – Golden Spike Resources Corp. ( CSE:GLDS) (“Golden Spike”

or the “Company”) is pleased to announce that further to its news release s issued on June 17, 2022 and

July 13, 2022, the Company has completed the acquisition (the “ Acquisition”) of Golden Horizon

Exploration Corp. (“Golden Horizon ”). The Acquisition was completed by way of a three -cornered

amalgamation pursuant to an amalgamation agreement dated July 11, 2022, among Golden Spike, Golden

Horizon and 1368617 B.C. Ltd ., a wholly -owned subsidiary of Golden Spike , incorporated solely for the

purposes of the Acquisition.

As a result of the Acquisition, the Company has the option, through Golden Horizon, to acquire 100% of

the interest in the Gregory River Property, a mineral exploration property located on the western portion

of the island of Newfoundland, subject to a 2% net smelter royalty.

“We are very pleased to have completed the Acquisition of Golden Horizon resulting in an option to

purchase a 100% interest in its Gregory River Property located in a very prospective mineral belt in

Newfoundland” stated Golden Spike CEO Keith Anderson.

About Golden Spike

Golden Spike Resources Corp. (CSE:GLDS) is a Canadian mineral exploration company focused on

identifying, acquiring and unlocking value in mineral opportunities in Canada and other l ow-risk

jurisdictions. The Company currently holds the rights to acquire 100% interest in the 2,132 hectare

Camping Lake Project in the Red Lake Mining District of Ontario.

ON BEHALF OF THE BOARD OF DIRECTORS

Keith Anderson

Golden Spike Resources Corp.

830 - 1100 Melville St.,

Vancouver, BC, V6E 4A6

+1 (604) 786-7774

[email protected]

www.goldenspikeresources.com

“Neither the Canadian Securities Exchange (the “CSE”) nor its Regulation Services Provider (as that term

is defined in policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.”