Pasquale DiCapo Acquires Securities of Goldspike Exploration Inc.

TORONTO, ONTARIO--(Marketwire - Aug. 3, 2011) - Mr. Pasquale DiCapo ("DiCapo"), 130 King Street West, Suite 2500, Toronto, Ontario M5X 1A9 announces that, on August 3, 2011, he acquired ownership of 1,500,000 common shares of Goldspike Exploration Inc. ("Goldspike") and 750,000 common share purchase warrants (the "Warrants") (each Warrant entitling the holder thereof to acquire one common share of Goldspike at a price of $0.35 until August 3, 2013) which securities were acquired by DiCapo directly. These securities represent approximately 3.46% of the current issued and outstanding common shares of Goldspike (the "Common Shares") (or approximately 5.1% on a partially diluted basis, assuming exercise of the Warrants only).

Immediately following the transaction noted above, DiCapo owned: (i) 5,650,000 Common Shares which are owned by DiCapo directly; and (ii) convertible securities exercisable into 3,400,000 Common Shares (the "Convertible Securities") including the Warrants, which are owned by the DiCapo directly. Such securities represent approximately 13.02% of the current issued and outstanding Common Shares (or approximately 19.34% on a partially diluted basis, assuming exercise of the Convertible Securities only).

DiCapo acquired the Common Shares and Warrants pursuant to Goldspike's initial public offering dated August 3, 2011 for an aggregate purchase price of $375,000 ($0.25 per unit consisting of one Common Share and one-half of one Warrant). The acquisition was part of a larger initial public offering completed by Goldspike for gross proceeds of approximately $4,000,000.

These transactions were made for investment purposes and DiCapo may from time to time acquire additional securities of Goldspike, dispose of some or all of the existing or additional securities of Goldspike he holds or will hold, or may continue to hold his current position depending on market conditions or any other relevant factor.