Mr. Steve Regoci reports

PRIVATE PLACEMENT UPDATE

Further to its news release of Aug. 14, 2017, Garibaldi Resources Corp. has revised its private placement as follows.

Garibaldi will issue up to 2,032,000 units at 46 cents per unit to raise gross proceeds of up to $934,720. Each unit consists of one common share in the capital of the company and one non-transferable share purchase warrant. Each warrant is exercisable into one common share at a price of 60 cents for a period of two years. The company may pay a 7-per-cent finder's fee in cash on a portion of the proceeds.

The proceeds will be used for the company's exploration programs as well as general working capital purposes.

About Garibaldi Resources Corp.

Garibaldi Resources is an active Canadian-based junior exploration company focused on creating shareholder value through discoveries and strategic development of its assets in some of the most prolific mining regions in Mexico and British Columbia.

We seek Safe Harbor.