Golden Spike Announces Change of Directors and Appointment of Ryan Connacher as CEO

Rhea-AI Summary

Golden Spike Resources (OTCQB: GSPRF) announced leadership changes, appointing Ryan Connacher as Chief Executive Officer and director. Connacher replaces Keith Anderson as CEO; Anderson remains President and a member of the Board. Joseph Cullen resigned as director to pursue other opportunities.

According to the company, Connacher brings capital markets and business development experience from roles at Difference Capital Financial, Wek Corp, and as Co-Founder and CEO of Freeport Recovery Group, where he raised $2 million and built two CARF-accredited addiction treatment campuses with a team of more than 30.

Golden Spike describes itself as a Canadian mineral exploration company focused on value creation from mineral opportunities in Canada and other low-risk jurisdictions. It holds a 100% interest in the 5,175-hectare Gregory River Property in Newfoundland, centered on an 11-kilometre stretch of the Gregory River VMS-belt with potential for Cyprus-type polymetallic VMS deposits and historically explored high-grade copper ± gold-zinc structures.

Positive

• New CEO and director appointed – leadership transition with Ryan Connacher
• Outgoing CEO remains President and director, supporting continuity on the Board
• CEO brings capital-raising background, including $2 million raised for another venture
• 100% ownership of 5,175-hectare Gregory River Property in Newfoundland

Negative

• Director resignation – Joseph Cullen leaves Board to pursue other opportunities
• CEO transition risk as leadership shifts from Keith Anderson to Ryan Connacher

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Vancouver, British Columbia--(Newsfile Corp. - July 29, 2026) - Golden Spike Resources Corp. (CSE: GLDS) (OTCQB: GSPRF) (FSE: L5Y) ("Golden Spike" or the "Company") is pleased to announce that Mr. Ryan Connacher has consented to act as a Director and Chief Executive Officer of the Company. We welcome Ryan and look forward to working together with him in moving the Company forward.

Mr. Joseph Cullen has resigned as a director in order to more fully pursue other opportunities. The Company wishes to thank Mr. Cullen for his considerable service over the years.

Keith Anderson has resigned as CEO of the Company but will remain as President and a director of the Board.

Ryan Connacher grew up around the Canadian capital markets, where his grandfather, Jim Connacher, led Gordon Capital. He began his career on Bay Street at Difference Capital Financial Inc. under Michael Wekerle and later served as Head of Business Development at Wek Corp, leading teams and raising capital across both private ventures and the public markets. Mr. Connacher is also the Co-Founder and Chief Executive Officer of Freeport Recovery Group Inc., the company behind Twelve Mile Recovery. Since founding Freeport in May 2025, he has raised $2 million and built the organization to two CARF-accredited addiction treatment campuses in St. Catharines, Ontario, and a team of more than 30.

Ryan Connacher commented, "I am excited to join Golden Spike as Chief Executive Officer at this important stage in the Company's evolution. My immediate priority is to evaluate Golden Spike's current asset portfolio, work closely with our team and stakeholders, and identify strategic opportunities that can drive long-term growth and create value for shareholders. I look forward to building on the Company's foundation and positioning Golden Spike for its next phase of development."

"On behalf of the Board, I would like to thank Joe Cullen for his valuable contributions and dedicated service to Golden Spike over the years. As I transition from the role of CEO and continue as President and a director, I am very pleased to welcome Ryan Connacher as our new CEO and director. Ryan brings strong leadership, entrepreneurial experience and a fresh perspective as we advance the Company's strategic priorities and create value for our shareholders," commented Keith Anderson, President of Golden Spike.

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 mineral opportunities in Canada and other low-risk jurisdictions. The Company currently holds 100% interest in the 5,175-hectare Gregory River Property in Newfoundland, strategically centered over an approximate 11-kilometre-long stretch of the Gregory River VMS-belt, a north-northeast trending corridor of very prospective ground with potential to host Cyprus-type polymetallic VMS deposits. In addition, the Property hosts a cluster of historically explored, high-grade, copper ±gold-zinc vein structures and breccia hosted stockworks. Golden Spike Resources remains dedicated to sustainable exploration practices and continues to collaborate with local communities, consultants, and stakeholders as it progresses its exploration initiatives.

For further information, please contact: Keith Anderson, President, Golden Spike Resources Corp. Tel: 604-786-7774, Email: kanderson7774@gmail.com

Website: https://www.goldenspikeresources.com

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
info@goldenspikeresources.com
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."

Forward-Looking Statements

This 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 management of the Company 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 phrases or statements that certain actions, events or results "may", "could", "should", "would" occur.

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 not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information contained herein. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement or forward-looking information disclosed herein, except in accordance with applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/307050

FAQ

What leadership changes did Golden Spike Resources (OTCQB: GSPRF) announce on July 29, 2026?

Golden Spike announced that Ryan Connacher was appointed Chief Executive Officer and director, while Keith Anderson resigned as CEO but remains President and a director. According to Golden Spike, Joseph Cullen also resigned as a director to focus on other opportunities.

Who is the new CEO of Golden Spike Resources (GSPRF) and what is his background?

Golden Spike appointed Ryan Connacher as its new CEO and director. According to the company, he has Canadian capital markets and business development experience at Difference Capital Financial, Wek Corp, and as Co-Founder and CEO of Freeport Recovery Group, where he raised $2 million.

What role will former CEO Keith Anderson have at Golden Spike Resources (GSPRF) after the transition?

Keith Anderson resigned as CEO but will continue as President and a director of Golden Spike. According to the company, he will support advancing strategic priorities and work alongside new CEO Ryan Connacher and the Board to create shareholder value.

What mineral assets does Golden Spike Resources (OTCQB: GSPRF) currently hold?

Golden Spike holds a 100% interest in the 5,175-hectare Gregory River Property in Newfoundland. According to the company, the property covers about 11 kilometres of the Gregory River VMS-belt with potential for Cyprus-type polymetallic VMS deposits and historically explored high-grade copper ± gold-zinc structures.

How might the CEO change at Golden Spike Resources (GSPRF) affect its strategy?

Golden Spike states that new CEO Ryan Connacher will evaluate the current asset portfolio and work with stakeholders to identify strategic opportunities. According to the company, his focus is on long-term growth, building on the existing foundation, and advancing strategic priorities for shareholder value.

Why did director Joseph Cullen leave the Board of Golden Spike Resources (GSPRF)?

Golden Spike reported that Joseph Cullen resigned as a director to more fully pursue other opportunities. According to the company, the Board thanked him for his considerable service and valuable contributions to Golden Spike over the years.