Golden Cariboo arranges $1.5-million private placement

Executive Summary

• Golden Cariboo Resources Ltd. has arranged a non-brokered private placement for gross proceeds of up to $1.5 million, consisting of 30 million units priced at $0.05 per unit.
• The financing is designated to fund the continuation of the company's 2025 fall/winter drilling campaign, specifically aiming to extend the Halo/Main zones' collective strike length from approximately 600 metres to two kilometres.
• The drilling program involves 15 holes to delineate the Halo zone extension and test newly discovered targets including the KM Uno, North Hixon, and Sunset trends, which collectively span approximately eight kilometres of prospective exploration potential.

Key Details

• Financing Structure:
  • Type: Non-brokered private placement.
  • Gross Proceeds: Up to $1.5 million.
  • Units Offered: Up to 30 million units.
  • Price: $0.05 per unit.
  • Composition: Each unit consists of one common share and one share purchase warrant.
  • Warrant Terms: Exercisable for five years from the closing date with tiered exercise prices:
    • Year 1: $0.075
    • Year 2: $0.10
    • Year 3: $0.15
    • Year 4: $0.20
    • Year 5: $0.25
  • Hold Period: Four-month hold period on all securities.
  • Commissions: 8% cash commissions and 8% finder warrants paid to eligible persons. Finder warrants entitle holders to acquire one common share at the same terms as subscriber warrants.
  • Exemptions: Available under prospectus exemptions for accredited investors, existing securityholders, and others.
  • Existing Securityholder Limits: Limited to Canadian shareholders; individual participation capped at $15,000. Record date for eligibility is September 15, 2025.
• Use of Proceeds:
  • General working capital.
  • Continued property exploration, specifically the 2025 fall/winter drilling campaign.
• Drilling Program Details:
  • Objective: Extend the Halo/Main zones' collective strike length from almost 600 metres to two kilometres.
  • Total Holes: 15 holes.
  • Halo Zone Extension:
    • 8 northerly stepout holes at approximately 100-metre intervals.
    • 9 southerly stepout holes at approximately 150-metre intervals.
    • Targeting the Pioneer Minfile occurrence (north-northwest) and the Main zone (south-southeast) along the black argillite-greenstone contact.
  • Additional Targets:
    • KM Uno Zone: Newly discovered zone (permit allows testing).
    • North Hixon Zone: Parallel to Cayenne trend; supported by resistivity-high anomaly.
    • Sunset Trend: Supported by resistivity-high anomaly.
    • KM Uno Geochemistry: Promising initial rock geochemistry.
  • Exploration Potential: The four trends (Halo, KM Uno, North Hixon, Sunset) collectively span approximately eight kilometres of prospective exploration potential, comparable with the Halo zone.
• Company Context:
  • Property: Quesnelle Gold Quartz mine property in central British Columbia.
  • Size: 94,899 hectares (234,501 acres).
  • Geological Setting: Sediment-hosted vein (SHV) deposit, similar to the Spanish Mountain gold deposit.