Golden Cariboo completes 754 m drill hole at Quesnelle

Executive Summary

• Golden Cariboo Resources completed drill hole QGQ25-28 at its Quesnelle gold quartz mine property, reaching a total depth of 754.69 meters and ending in mineralization approximately 12 meters from Osisko Development Corp.'s claim boundary.
• The drill hole extended 283 meters beyond the previous hole (QGQ25-25), which also ended in mineralization, supporting the potential for a robust mineral system, though assay results are currently pending.
• The company has applied to register an additional 1,283.59 hectares of mineral claims within and adjacent to its existing land package to bolster its regional targets.

Key Details

• Drill Hole QGQ25-28:
  • Completed on March 19, 2026.
  • Total length: 754.69 metres (2,476 feet).
  • Terminated in mineralization approximately 12 m (39.37 ft) from the Osisko Development Corp. claim boundary.
  • Located approximately 283 m (928.48 ft) beyond the end of drill hole QGQ25-25.
  • Assays are pending.
• Land Acquisition:
  • Application submitted to register an additional 1,283.59 hectares (3,171.82 acres).
  • New claims are within and adjacent to the existing 94,899 ha (233,500.54 acres) property.
• Property Location:
  • Quesnelle gold quartz mine property, located ~4 km northeast of Hixon and ~50 km southeast of Prince George, B.C.
  • Property spans a 94,899-hectare area along the Spanish and Eureka thrust faults.
• Technical Review:
  • Reviewed and approved by Jean Pautler, PGeo, an independent consultant and qualified person under National Instrument 43-101.

Notable Quotes

• "QGQ25-28 appears to be a strong stepout hole, drilled to 754 m, that continued to encounter the same alteration and mineralization we've been seeing and ultimately ended in mineralization just 12 m from the Osisko Development claim boundary. The extension beyond QGQ25-25 and still finishing in mineralization supports the potential for a robust system. We are now looking forward to the assays as we continue to test the extent and continuity of the system. Additionally, we are looking to bolster our land package in preparation for future work on our regional targets and test the northern portions of the Spanish and Eureka thrust faults." — Frank Callaghan, President and CEO