Golden Cariboo acquires 250 ha of placer claims at Halo

Mr. J. Frank Callaghan reports GOLDEN CARIBOO RESOURCES ACQUIRES PLACER CLAIMS AT HALO ZONE; PROVIDES DRILLING UPDATE Golden Cariboo Resources Ltd. has acquired 13 cells of placer claims at the Halo zone, totalling 250 hectares. This purchase for 100 per cent of the placer rights is for the sum of $60,000. In addition to the placer claim acquisition, Golden Cariboo Resources wishes to provide an update on active drilling. Drill hole QGQ25-28 is continuing, currently at a depth of 715.00 metres (2,345.80 feet). It has intersected intermittent quartz-carbonate veining, silicification and disseminated and stringer pyrite mineralization. This drilling is targeting northwest of the Halo zone. The technical information in this news release has been reviewed and approved by Jean Pautler, an independent consultant commissioned by the company. Mr. Pautler is a professional geoscientist (PGeo) registered with the Association of Professional Engineers and Geoscientists of British Columbia (APEGBC) and licensed by Engineers and Geoscientists BC and is a qualified person with respect to National Instrument 43-101. About Golden Cariboo Resources Ltd. Golden Cariboo Resources is rediscovering the Cariboo gold rush by proceeding with highly targeted drilling and trenching programs on its Quesnelle Gold Quartz mine property, which is bordered by Osisko Development, partly intertwined with it at the northern end of the Cariboo gold project, and located along a favourable corridor adjacent to the Spanish and Eureka thrust faults over a 94,899-hectare (234,501-acre) area. Historically, over 101 placer gold creeks on the 90-kilometre (56-mile) trend, from the Cariboo Hudson mine north to the Quesnelle Gold Quartz mine property, have recorded production with successful placer mining continuing to this day. Golden Cariboo's Quesnelle Gold Quartz mine property is four kilometres (2.5 miles) northeast of and road accessible from Hixon in central British Columbia. The property includes the Quesnelle Quartz gold-silver deposit, which was discovered in 1865 and developed over a footprint of about 150 metres by 150 metres (less than six acres) at the Main zone straddling Hixon Creek. Over all, the geological setting of the gold mineralization at the company's Quesnelle Gold Quartz mine property shows strong similarities with the Spanish Mountain gold deposit, situated 120 kilometres (75 miles) toward the southeast along the same geological trend. As a sediment-hosted vein (SHV) deposit, the Spanish Mountain deposit is considered to belong to the epizonal orogenic subclass of gold deposits, which includes some of the world's largest deposits such as Muruntau, Uzbekistan, and Bendigo, Australia. We seek Safe Harbor.