Mr. Steve Regoci reports

GARIBALDI TO DRILL HIGH-GRADE ZONE AT LA PATILLA

A diamond drill rig has been mobilized to begin a follow-up program at a high-grade gold zone discovered last year at Garibaldi Resources Corp.'s La Patilla property in Sinaloa, Mexico.

The final hole of 2014 drilling at the main zone at La Patilla, LP-14, intersected 10.4 grams per tonne (g/t) gold (Au) over 8.5 metres within a broader 30-metre interval grading 3.1 g/t Au at a depth between 11 and 41 metres.

Immediate objectives of this program are as follows:

• To offset drill intercepts in the area of LP-14 and test for continuity of the high-grade structure along strike;
• To test for depth extensions to the mineralized structures identified in the previous program;
• To test the potential of the La Patilla vein system along strike.

Meanwhile, Garibaldi crews continue to stockpile mineralized material at La Patilla for an initial mill feed test at Gainey Capital's processing facility approximately 40 miles to the southeast.

Steve Regoci, Garibaldi president and chief executive officer, commented: "From Rodadero to La Patilla, we continue moving forward on all fronts in Mexico. The La Patilla gold project has a very opportunistic profile with shallow drill targets and potential for near-term exploitation, so we look forward to building shareholder value as we advance these initiatives. In addition, invaluable exploration protocols gained in Mexico will complement the 2015 launch, now under way, of our fully funded B.C. projects led by the Grizzly in the prolific Sheslay district."

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 Desorrollo Minera del Norte (ProDeMin). Dr. Gibson has reviewed this news release and approved the contents thereof.

We seek Safe Harbor.