Mr. J.W. Morton reports

GOLD DISCOVERED AT KOSTER DAM

Gold mineralization has been discovered at Cariboo Rose Resources Ltd.'s Koster Dam gold-silver project in British Columbia as a result of systematic prospecting. The current program was designed to target vectors originating from reconnaissance work completed in 2022 and high resolution airborne magnetic surveying completed in 2021. Four samples of float, predominantly subangular and consisting of quartz vein and quartz breccia hosted in rhyolite, returned gold analysis of 2.61, 2.38, 1.47 and 0.74 gram per tonne gold respectively (from a total of 58 samples collected with many of them heavily altered and flooded with chalcedonic quartz).

The area of interest on Koster Dam is situated approximately 10 kilometres south of the former producing Blackdome mine which is developed on a volcanic-hosted epithermal deposit of Eocene age that was in production from 1986 to 1991 during which time it produced 225,000 ounces of gold and 547,000 ounces of silver. One of the challenges and opportunities at Koster Dam is that, while mineralization at the Blackdome mine outcrops in steep terrane at an elevation of approximately 7,000 feet, Koster Dam is situated on the same volcanic complex in a relatively flat landscape at a much lower elevation and is predominantly till covered. The climate is semiarid and the property is road accessible from the city of Williams Lake, B.C., 80 kilometres to the north.

Koster Dam is a joint venture between Cariboo Rose Resources (55 per cent) and Discovery Lithium (45 per cent).

J.W. (Bill) Morton PGeo, within the context of the requirements of NI 43-101, is the qualified person who takes full responsibility for this news release.

About Cariboo Rose Resources Ltd.

Cariboo Rose owns seven mineral projects in British Columbia.