Mr. Steve Regoci reports

GRANT OF STOCK OPTIONS

Garibaldi Resources Corp. has granted to directors, officers and employees of the company incentive stock options on up to 2.95 million shares of the company's capital stock, exercisable for up to five years, at a price of 10 cents per share, which price is not lower than the last closing price of the company's shares prior to this announcement, less the applicable discount.

The options are granted pursuant to the company's stock option plan and will be subject to applicable regulatory hold periods.

We seek Safe Harbor.