Golden Spike Concludes Debt Settlement Transaction

Vancouver, British Columbia--(Newsfile Corp. - August 7, 2026) - Golden Spike Resources Corp. (CSE: GLDS) (OTCQB: GSPRF) (FSE: L5Y) ("Golden Spike" or the "Company") Further to its announcement on July 30, 2026, the Company has issued 1,720,000 common shares (each, a "Share") at $0.05 per Share as settlement of indebtedness with three directors and the corporate secretary of the Company totaling CAD$86,000 (the "Transaction"). The Company determined to satisfy this outstanding indebtedness with Shares to preserve its cash for operations.