Golden Cariboo Resources Acquires Placer Claims at Halo zone; Provides Drilling Update

Executive Summary

• Golden Cariboo Resources acquired 13 placer claim cells (250 ha) in the Halo zone for CAD $60,000.
• Ongoing drilling on hole QGQ25‑28 has reached 715 m depth, intersecting quartz‑carbonate veining and disseminated pyrite mineralization targeting northwest of the Halo zone.
• The acquisition expands the Company’s land package within its flagship Quesnelle Gold Quartz Mine property, supporting continued exploration momentum.

Key Details

• Acquisition: 13 placer claim cells (totaling 250 ha) at the Halo zone; purchase price CAD $60,000 for 100 % of placer rights.
• Drilling Update – Hole QGQ25‑28:
• Current depth: 715 m (2,345.8 ft).
• Intersections observed: intermittent quartz‑carbonate veining, silicification, and disseminated/stringer pyrite mineralization.
• Target area: northwest of the Halo zone.
• Qualified Person Review: Technical information reviewed and approved by Jean Pautler, P.Geo., a Qualified Person under NI 43‑101.
• Strategic Context: The acquisition adds to Golden Cariboo’s 94,899 ha (234,501 acre) land package surrounding the historic Quesnelle Gold Quartz Mine, adjacent to Osisko Development and within a gold‑bearing corridor that includes over 101 historic placer creeks.

Notable Quotes

• “The addition of these placer claims further strengthens our position in the Halo zone and provides additional ground for targeted exploration as we continue drilling on hole QGQ25‑28.” – J. Frank Callaghan, President & CEO, Golden Cariboo Resources Ltd.