Mr. Steve Regoci reports

GARIBALDI BUILDS TEAM TO EXPAND NI-CU-RICH E&L DEPOSIT

Garibaldi Resources Corp. has appointed two nickel industry specialists to its advisory board to spearhead strategic plans for immediate further advancement of the company's 63-square-kilometre and 100-per-cent-owned E&L project, featuring a nickel-copper-rich deposit and the associated broad, untested Q magnetic anomaly with a conduit-shaped keel.

The E&L deposit represents the first magmatic nickel-copper-platinum-group-element-gold-cobalt system in northwest British Columbia's prolific Eskay camp. It is situated 11 miles southwest of the past-producing Eskay mine and 20 miles west of Pretium Resources' high-grade Brucejack gold mine, slated for production in the second half of 2017.

Steve Regoci, president and chief executive officer of Garibaldi, commented: "The E&L is already attracting attention among a growing number of prominent industry professionals after key tests of nickel-copper tenor in sulphides sampled at the deposit resulted in comparisons to some of the most notable and robust nickel-copper sulphide deposits found in Canada. Today's appointments demonstrate the recognition of new opportunities for discovery at the E&L by industry experts who understand the deposit's potential significance for our company's shareholders."

Garibaldi welcomes both Everett Makela and Dr. Raymond Goldie to its advisory board. Their renowned expertise in the nickel industry will lay the foundation for a systematic and aggressive exploration and development program of tasks, objectives and milestones at the E&L deposit, aimed at expanding the size of the existing deposit that has not been delimited in any direction, including at depth.

Everett Makela, PGeo

Mr. Makela brings over 30 years of exploration experience to the new Garibaldi nickel team. During a career with global nickel leaders Inco and Vale, he held roles of increasing responsibility in settings ranging from grassroots evaluations to near-mine resource definition. He retired from Vale as principal geologist, North America, in 2012. The knowledge and expertise gained while working with global leaders in nickel production make him an ideal leader for the role of special adviser to Garibaldi's exploration and development initiatives at the E&L deposit. Mr. Makela holds an honours BSc in geology from Laurentian University and is a member of the Association of Professional Geoscientists of Ontario, Professional Engineers and Geoscientists of Newfoundland and Labrador, the Prospectors & Developers Association of Canada, and the Society of Economic Geologists.

Mr. Makela commented: "The E&L project is a remarkable opportunity for discovery. It has all the right geological characteristics, including sulphide tenors that indicate potential for the existence of a high-value massive sulphide deposit, and remains untested by modern exploration methods. Full marks to the Garibaldi team for its early success with this very compelling asset. I'm excited to be part of this going forward."

Dr. Raymond Goldie

Dr. Goldie is a widely recognized mining analyst with extensive experience in economic geology, especially in the nickel industry. He holds a BSc in geology from Victoria University of Wellington, an MSc in geology from McGill University and a PhD from Queen's University. He also holds a diploma in business administration from the University of Toronto.

Dr. Goldie is the author of Inco Comes To Labrador, a book that recounts his involvement with the Voisey's Bay nickel-copper-cobalt sulphide deposits, one of the world's greatest nickel discoveries. Most recently, Dr. Goldie was vice-president, mineral economics, and senior analyst with Salman Partners Inc. He is also a keynote speaker at mining conferences and a periodic guest on the Business News Network (BNN).

Dr. Goldie commented: "The Eskay Creek area of British Columbia reminds me of the Abitibi belt of Quebec and Ontario in the early 20th century. In 1903, prospectors discovered silver south of the Abitibi belt, and the infrastructure that was built as a result of the development of silver mines led to the discoveries and development of fabulous deposits of base metals and gold throughout the Abitibi belt itself.

"In 1988, the discovery of one of the world's richest gold and silver deposits opened up the Eskay Creek region. Now there is Brucejack, KSM and earlier-stage emerging deposits. I look forward to being involved with the exploration of the E&L deposit, which has the potential to become a significant producer of nickel and other metals."

Garibaldi's new nickel team will immediately focus on the most technologically advanced and cost-effective tests to expand the parameters of the known deposit (Minfile 104B 006). The E&L deposit's full potential will be unlocked through the design and implementation of the best geological and geophysics exploration protocol possible.

The Q map

Please visit the Garibaldi Resources website for a map showing the E&L deposit and the Q magnetic anomaly to the south.

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