Mr. Andrew Rees reports

GOLDEN CARIBOO CANCELS PRIVATE PLACEMENT

Golden Cariboo Resources Ltd., based on current market conditions, has decided not to proceed with the private placement announced on June 12, 2023.

About Golden Cariboo Resources Ltd.

Golden Cariboo is rediscovering the Cariboo gold rush by proceeding with high-grade targeted drilling and trenching programs on its Quesnelle gold quartz mine project, which is almost fully encircled on three of four sides by Osisko Development Corp. Historically, over 101 placer gold creeks on the 90-kilometre trend from the Cariboo Hudson mine north to the Quesnelle gold quartz mine have recorded production in excess of 2.6 million ounces of gold up to 1933 (Hall, 1986) and successful placer mining continues to this day.

Golden Cariboo's Quesnelle gold quartz mine property is four kilometres northeast of, and road accessible from, Hixon in central British Columbia. The property includes the Quesnelle quartz gold-silver deposit, which was discovered in 1865 in conjunction with placer mining activities and produced 2,048 tonnes grading 3.14 grams per tonne (g/t) gold (Au) and 4.18 g/t silver (Ag) in 1932 and 1939, with an additional 217 tonnes of unknown grade reported in 1878 (British Columbia Minfile, 2021). Hixon Creek, which dissects the Hixon gold claims, is a placer creek that has seen limited, small-scale placer production since the mid-1860s. From Ministry of Mines reports prior to 1945, estimates of up to $2-million worth of placer gold was mined from Hixon Creek.

We seek Safe Harbor.