Mr. Steve Regoci reports

GARIBALDI RESOURCES CORP. - HIGH-GRADE SILVER AND INCREASING BASE METAL VALUES SAMPLED UP TO 3 KM SOUTH OF SILVER EAGLE DISCOVERY

As phase 2 diamond drilling continues at Garibaldi Resources Corp.'s Silver Eagle target (Rodadero North project) in central Sonora state, surface sampling results from mineralized outcrops indicate continued high silver values in addition to a significant increase in base metal content (up to 14.9 per cent lead and 1.8 per cent zinc), 1.5 kilometres to three km south of discovery hole SE-14-01.

Phase 1 drilling confirmed a shallow high-grade mineralized system open in all directions at Silver Eagle and apparently widening to the south toward the Reales area (see Aug. 5, 2014, news release). Further work is continuing to determine the relationship between the Silver Eagle and Reales targets.

Steve Regoci, president and chief executive officer of Garibaldi, commented: "The similarities of the silver grades in our sampling from Silver Eagle to the south are extremely encouraging. This also correlates with our hyperspectral hot spot signatures that initially identified the contiguous Silver Eagle and Reales targets.

"Importantly, as we track mineralization through Reales, we continue to sample high silver grades while the base metal content appears to increase substantially. To the east and southeast of Silver Eagle, we're investigating what seems to be predominantly gold-silver mineralization with some very high metal values from sampling as previously announced. The clustering of targets along a 10-kilometre distance at Rodadero North is the focus of an expanded exploration program."

Assays from a total of 23 rock samples selected 1.5 km to three km south of Silver Eagle ranged from 6.5 grams per tonne silver to 549 g/t Ag and from 0.15 per cent lead to 14.9 per cent Pb. Average values from these selected dump, grab and channel samples were 117 g/t Ag and 4.9 per cent Pb.

Highlights from the sampling at Reales are as shown in the table.

Sample No.         Target    Ag       Pb 
                           (g/t)      (%)

865080     Reales central   549      5.8   
865079     Reales central   210     13.1  
26149      Reales central   198      4.4   
121036     Reales central   110     11.4  
121115     Reales central  18.9     14.9  
62           Reales south   216      2.3   
63           Reales south   336      4.8   
64           Reales south   100      3.0   

Four of the above samples from Reales central also returned elevated copper values ranging from 0.16 per cent in sample No. 121036 to 0.66 per cent Cu in sample No. 865080. Two samples (26149 and 865080) from Reales central returned zinc grades of 1.8 per cent and 0.49 per cent, respectively.

Sampling will soon be carried out over the northern section of Reales and additional areas throughout the target.

By the nature of the biases of sampling, the above sampling results are not necessarily representative of mineralization at Rodadero North in general or, specifically, within the zones, structures or geological features that were sampled.

Sampling data from other target areas at Rodadero are being compiled and interpreted, and the company looks forward to releasing additional results in the near future.

Updated maps

A Rodadero project map can be viewed at the company's website.

Quality assurance and quality control

Garibaldi maintains strict QA/QC protocols for all aspects of its exploration programs, that include the systematic insertion of blanks and standards into each sample batch. Acme Labs (now part of the Bureau Veritis group that includes BSI Inspectorate) performed assay analyses on core, and ALS Global (formerly ALS Chemex) performed analyses on rock samples. All samples were assayed using certified and industry-standard assay techniques for gold and multielement packages for other elements and for overlimits. Gold was analyzed by 30- or 50-gram fire assay with an atomic absorption finish, and other elements were analyzed by multielement ICP.

Qualified person

Dr. Craig Gibson, certified professional geologist and a director of Garibaldi, is a non-arm's-length qualified person for the company's Mexico projects and the direct manager of the technical programs operated under contract by Prospeccion Y Desarrollo Minero del Norte (ProDeMin). Dr. Gibson has reviewed this news release and approved the content thereof.