Golden Cariboo drills 88.39m of 0.9 g/t Au at Quesnelle

• Golden Cariboo Resources reported drilling results from hole QGQ26-29 at the Halo zone of its Quesnelle Gold Quartz Mine property.
• The hole intersected 88.39m @ 0.90 g/t Au, including a high-grade core of 6.17m @ 6.09 g/t Au, within a broader near-surface interval of 213.06m @ 0.53 g/t Au.
• Management identifies this as the final drill hole to be included in the upcoming maiden mineral resource estimate (MRE).
• The company emphasizes the continuity of mineralization, favorable flat topography, and proximity to infrastructure, all of which support the potential for future open-pit mining.
• Drilling was terminated early due to technical difficulties, but the hole did intersect a new mineralized zone at depth.

• The release is an incremental exploration update that confirms geological continuity ahead of the maiden resource. It does not introduce new strategic shifts, major contracts, or unexpected financial results.
• The company's cash position as of March 31, 2026, was $46,447. A subsequent private placement in April 2026 raised $871,000, bringing total cash to approximately $917,447.
• With a six-month comprehensive loss of $2.34M (burn rate ~$195k/month), the company has roughly 4-5 months of runway. This news does not extend the capital runway or alter the near-term dilution risk.
• The market has already priced in the drilling program and the upcoming MRE, as evidenced by the stock trading in a tight $0.09-$0.10 range following prior updates.

• Golden Cariboo Resources is a junior gold exploration company focused on the Quesnelle Gold Quartz Mine property in the Cariboo Mining Division of British Columbia.
• The land package spans 95,122 hectares, including the historic Quesnelle deposit, Rainbow, Rimrock, and Washburn Lateral properties.
• The primary focus is the Halo zone, a near-surface gold-silver system with favorable topography for potential open-pit mining.
• The company is in the exploration stage, with no proven reserves or production, relying entirely on equity financing to fund operations.