Vancouver, B.C., Canada – Golden Cariboo Resources Ltd. (“Golden Cariboo” or “Company”) (CSE:GCC | (OTC:GCCFF | WKN:A402CQ |FSE:3TZ) reports it has received subscription agreements for $1,050,500 from the private placement announced September 16, 2025, and has closed a first tranche of $311,500 from the issue of 6,230,000 units at $0.05 per Unit. Each Unit consists of one common share of the Company and one share purchase warrant. Each warrant is exercisable for a period of five years from the closing date at exercise prices as follows: $0.075 in year one, $0.10 in year two, $0.15 in year three, $0.20 in year four or $0.25 in year five.
The proceeds of the Offering will be used for property exploration and for general working capital. All securities to be issued are subject to a statutory four-month and one day hold period. Finder’s fees of $23,600 and 472,000 finder warrants will be paid in connection with the first tranche, all in accordance with the policies of the CSE.
None of the securities sold under the Offering have been and will not be registered under the United States Securities Act of 1933, as amended and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Golden Cariboo Resources Ltd.
Golden Cariboo Resources Ltd. is rediscovering the Cariboo Gold Rush by proceeding with highly targeted drilling and trenching programs on its Quesnelle Gold Quartz Mine property which is bordered by Osisko Development (NSE:ODV/TSXV:ODV), partly intertwined with them at the north end of the Cariboo Gold Project, and located along a favourable corridor adjacent to the Spanish and Eureka thrust faults over a 94,899 hectare (234,501 acre) area. Historically, over 101 placer gold creeks on the 90-kilometer (56 mile) trend, from the Cariboo Hudson mine north to the Quesnelle Gold Quartz Mine property, have recorded production with successful placer mining continuing to this day.
Golden Cariboo’s Quesnelle Gold Quartz Mine property is 4 kilometers (2.5 miles) northeast of, and road accessible from, Hixon in central British Columbia. The Property includes the Quesnelle Quartz gold-silver deposit, which was discovered in 1865 and developed over a footprint of about 150m x 150m (< 6 acres) at the Main zone straddling Hixon Creek. Overall, the geological setting of the gold mineralization at the Company’s Quesnelle Gold Quartz Mine property shows strong similarities with the Spanish Mountain gold deposit, situated 120 km (75 miles) towards the southeast along the same geological trend. As a sediment-hosted vein (SHV) deposit, the Spanish Mountain deposit is considered to belong to the epizonal orogenic subclass of gold deposits which include some of the world’s largest deposits such as Muruntau, Uzbekistan and Bendigo, Australia.
On Behalf of the Board of Directors
“J. Frank Callaghan”
Frank Callaghan, President & CEO
For further information please contact Frank Callaghan, President & CEO Tel: 604-669-6463