Mr. Frank Callaghan reports

GOLDEN CARIBOO OPENS EXPLORATION CAMP AT ITS QUESNELLE GOLD QUARTZ MINE PROPERTY NEAR HIXON, BC

Golden Cariboo Resources Ltd.'s exploration team has begun setting up its exploration camp at the company's Quesnelle Gold Quartz mine property near Hixon, B.C.

With a diamond drill on site, the company is currently preparing for a robust drilling and exploration program for the 2024 exploration season.

Company president and chief executive officer J. Frank Callaghan expressed enthusiasm, stating: "We're eager to begin Golden Cariboo's 2024 exploration program, which includes diamond drilling and complementary geological activities. Our exploration team is currently completing snow removal, water line and drill pad preparations. Stay tuned for further updates as we anticipate drilling to commence in the upcoming weeks."

About Golden Cariboo Resources Ltd.

Golden Cariboo Resources 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.

Golden Cariboo's Quesnelle Gold Quartz Mine property is 4 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. Hixon Creek, which dissects the Quesnelle Gold Quartz mine property, is a placer creek which has seen small-scale placer production since the mid 1860s.