Goldspike Announces Closing of $150,000 Non-Brokered Private Placement

Goldspike Exploration Inc. (TSX VENTURE:GSE) ("Goldspike") is pleased to
announce the completion of a previously announced non-brokered private placement
financing for aggregate gross proceeds of $150,000 (the "Offering"). The
Offering consisted of the sale of 1,500,000 common shares in the capital stock
of Goldspike (the "Shares") at a price of $0.10 per Share. Goldspike intends to
use the net proceeds from the Offering to fund continued exploration on
Goldspike's assets and for general working capital purposes. 


The Shares issued pursuant to the Offering will be subject to a four month and
one day statutory hold period. 


CAUTIONARY STATEMENT: Neither the TSX-V nor its Regulation Services Provider (as
that term is defined in the policies of the TSX-V) accepts responsibility for
the adequacy or accuracy of this release. This news release contains
forward-looking information which is not comprised of historical facts.
Forward-looking information involves risks, uncertainties and other factors that
could cause actual events, results, performance, prospects and opportunities to
differ materially from those expressed or implied by such forward-looking
information. Forward looking information in this news release includes, but is
not limited to, Goldspike's objectives, goals or future plans. Factors that
could cause actual results to differ materially from such forward-looking
information include, but are not limited to, changes in general economic
conditions and conditions in the financial markets; changes in demand and prices
for minerals; litigation, legislative, environmental and other judicial,
regulatory, political and competitive developments, and those risks set out in
Goldspike's public documents filed on SEDAR. Although Goldspike believes that
the assumptions and factors used in preparing the forward-looking information in
this news release are reasonable, undue reliance should not be placed on such
information, which only applies as of the date of this news release, and no
assurance can be given that such events will occur in the disclosed time frames
or at all. Goldspike disclaims any intention or obligation to update or revise
any forward-looking information, whether as a result of new information, future
events or otherwise, other than as required by law.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Goldspike Exploration Inc.
4 King Street West, Suite 1500
Toronto, Ontario M5H 1B6
(416) 504-8821
Bruce Durham, President and CEO
bdurham@goldspike.ca

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