An anonymous director reports

CARIBOO ROSE AND BRS RESOURCES TO COMMENCE DRILLING AT COWTRAIL COPPER-GOLD PROJECT

A drill contract has been signed to begin diamond drilling at Cariboo Rose Resources Ltd. and optionee BRS Resources Ltd.'s Cowtrail copper-gold project, located near the community of Horsefly in south-central British Columbia.

Project overview

The 4,592-hectare Cowtrail property is strategically situated 15 kilometres southeast of Imperial Metals' Mount Polley mine and borders Vizsla Copper's Woodjam and Redgold copper-gold projects. Cariboo Rose has held full ownership of the property since 2004.

Cowtrail is positioned within the Jurassic-Triassic Quesnel terrane, a prolific mineral belt hosting numerous copper-gold porphyry deposits. Historic reconnaissance drilling in 2007 and 2011 tested induced polarization and soil geochemical anomalies defined by earlier surveys in 1997, 2004 and 2006. This work identified a southwest-trending vector of increasing mineralization extending beyond the areas previously drilled.

Drill intercepts from those campaigns returned promising results, including 1.16 grams per tonne gold over 18.3 metres (hole 07-DDH-1) and 0.17 per cent copper with 0.11 g/t gold over 40.0 metres (hole CT11-12). Subsequent soil surveys in 2006 and 2021 outlined a gold-arsenic anomaly coinciding with a strong IP chargeability feature 1,500 metres west of the historic drill sites.

Recent work and the 2025 program

In 2023, Cariboo Rose completed a five-hole drill program targeting the Lea Lake and BM breccia areas. The most significant result came from hole CT23-16, which intersected 0.15 per cent copper over 105.0 metres, including 0.23 per cent copper and 0.11 g/t gold over 15.0 metres.

This hole, collared 45 metres south of CT11-12, demonstrated strong continuity of mineralization and remains open to the south.

Building on this success, the 2025 drill program will focus on four new holes, each 250 to 300 metres deep, to further expand the mineralized footprint at Lea Lake.

BRS Resources' option agreement

Under the terms of an option agreement dated Dec. 19, 2022, BRS Resources may earn a 60-per-cent interest in the Cowtrail project by:

• Financing $2-million in exploration expenditures; and
• Providing $400,000 in a combination of cash payments and share issuances over a five-year period.

Upon completion of these commitments, a joint venture will be established, with BRS holding a 60-per-cent interest and Cariboo Rose retaining 40 per cent. If Cariboo Rose's interest is subsequently diluted below 15 per cent, it will convert to a 2.5-per-cent net smelter return royalty, which may be reduced to 1 per cent through a one-time payment of $2-million.

Qualified person

J.W. (Bill) Morton, PGeo, director of Cariboo Rose, is the qualified person as defined by National Instrument 43-101, and has reviewed and approved the technical content of this news release.

About Cariboo Rose Resources Ltd.

Cariboo Rose holds seven mineral projects in British Columbia, including the 100-per-cent-owned Lightning Strike shale-hosted gold project east of 100 Mile House and the Carruthers Pass massive sulphide project southwest of the Kemess mine.

Additional holdings include the carbonate-hosted gold project (optioned 60 to 70 per cent to Basin Uranium Corp.), the Pat copper-gold porphyry project, the Coquigold epithermal gold project (70-per-cent option to CMP Minerals) and the Koster Dam gold project (a 55/45 joint venture with Discovery Energy Metals Corp.).

Lightning Strike and Carruthers Pass are the company's most advanced projects, with Lightning Strike planned for drilling in 2025 and Carruthers Pass fully permitted for further work.