Golden Cariboo Resources Intends to Commission Independent NI 43-101 Mineral Resource Estimate for Halo and Main Zones

Executive Summary

• Golden Cariboo Resources Ltd. announces its intention to commission an independent Mineral Resource Estimate (MRE) in accordance with NI 43-101 standards for the Halo and Main zones at its Quesnelle Gold Quartz Mine property in British Columbia.
• The MRE will incorporate assay and geological data from the company’s first 28 NQ-sized surface diamond drill holes, along with up to nine historical drill holes, to validate geological continuity and mineralization.
• Management cites the strength and consistency of recent drilling results as the justification for this early-stage technical assessment, marking a significant milestone in advancing the property despite the typical exploration stage of the project.

Key Details

• Project Location: Quesnelle Gold Quartz Mine property, located approximately 4 km northeast of Hixon in the Cariboo Gold District of British Columbia, Canada.
• Target Zones: Halo Zone and Main Zone.
• Data Basis for MRE:
  • 28 NQ-sized surface diamond drill holes completed and reported by the Company.
  • Up to 9 historical drill holes at and adjacent to the Main Zone.
• Technical Scope: The independent MRE will be prepared by a Qualified Person (QP) and will include:
  • Validation of the drill database.
  • Geological modeling.
  • Grade estimation.
  • Classification of the mineral resource estimate in accordance with CIM Definition Standards.
• Strategic Context: The company notes that undertaking an MRE following an initial drill campaign is not typical for early-stage exploration but was justified by the consistency of geological and assay results.
• Future Drilling: Current drilling programs remain ongoing to test the known mineralized footprint beyond the areas contemplated for the initial MRE; future updates to the resource may result from additional drilling.
• Regulatory Status: The MRE will be subject to assumptions, qualifications, and limitations contained in an independent technical report to be filed on SEDAR+ upon completion.
• Technical Review: Technical information was reviewed and approved by Jean Pautler, a Professional Geoscientist (P.Geo.) and Qualified Person under NI 43-101.

Notable Quotes

• “Commissioning an independent resource estimate at this stage reflects the strength and consistency of the drilling results we have generated to date,” stated Frank Callaghan, President of Golden Cariboo Resources. “From our very first holes, we have observed encouraging geological continuity and mineralization across both the Halo and Main zones. While this work remains at the exploration stage, the data density and repeatability we are seeing have provided management with sufficient confidence to move forward with a formal NI 43-101 resource estimation. We believe this represents an important milestone in systematically advancing the Property.”