Mr. J. Frank Callaghan reports

GOLDEN CARIBOO RESOURCES INTERSECTS 0.42 G/T GOLD OVER 47.01M (154.2 FT) FROM SURFACE AND 0.76 G/T AU OVER 20.45M AT DEPTH

Golden Cariboo Resources Ltd. has released results from its Quesnelle Gold Quartz mine property, located four kilometres northeast of Hixon, B.C., south of Prince George. It has intersected 0.42 gram per tonne gold over 47.01 metres (154.2 feet) from surface in diamond drill hole QGQ25-25 within a broader anomalous interval of 0.26 g/t Au over 190.2 m and additional gold mineralization deeper in the hole, including 0.76 g/t gold over 20.45 m from 324.88 m. The drill hole ended in mineralization, yielding 1.00 g/t gold over 1.91 m.

Diamond drill hole QGQ25-25 is a stepout in the Halo zone, with the collar being 96 m to the north-northeast of QGQ24-20, which returned 0.99 g/t Au and 9.77 g/t silver over 236.88 m. QGC25-28, an 80-metre step north of diamond drill hole QGQ25-25, is currently being extended to target depth, intersecting extensive quartz-carbonate veins.

Golden Cariboo Resources president and chief executive officer Frank Callaghan stated: "We continue to drive forward with intersections of mineralization from surface, extending the deposit along strike at our Halo zone. Our excellent infrastructure and proximity to the community of Hixon in central British Columbia allows our team to drill year around. We're excited to be drilling in the winter and look forward to an active year in the Cariboo gold corridor."

Quality assurance/quality control samples, including blanks, standards and coarse reject duplicates, constitute 5 per cent of the total number of samples. The reported drilling has all been NQ core, which has been logged and then split in half before being sent to the laboratory.

The drill core samples were sent to the accredited MSALabs laboratory in Prince George for analysis. Samples were crushed by MSA to greater than 70 per cent passing below two millimetres and split using a riffle splitter, and 250-gram splits were pulverized to greater than 85 per cent passing below 75 microns. An aqua regia digest with an inductively coupled plasma atomic emission spectroscopy (ICP-AES) finish was used for 35-element analysis on 0.5-gram aliquots. Additionally, PhotonAssay (photon) analysis was conducted for gold and silver. Photon analysis uses a larger size (250 to 500 grams), compared with 30 or 50 grams in a fire assay, providing a more thorough assessment of gold distribution in coarse gold settings, characteristic of the Halo zone, where nugget effects can impact conventional assay results. MSA is accredited for the procedures performed and entirely independent from the company.

The technical information in this news release has been reviewed and approved by Jean Pautler, an independent consultant commissioned by the company. Mr. Pautler is a professional geoscientist (PGeo) registered with the Association of Professional Engineers and Geoscientists of the Province of British Columbia (APEGBC) and licensed by Engineers and Geoscientists British Columbia, and he is a qualified person with respect to National Instrument 43-101.

About Golden Cariboo Resources Ltd.

Golden Cariboo Resources is rediscovering the Cariboo gold rush by proceeding with highly targeted drilling and trenching programs on its Quesnelle Gold Quartz mine property, which is bordered by Osisko Development, partly intertwined with it at the northern end of the Cariboo gold project, and located along a favourable corridor adjacent to the Spanish and Eureka thrust faults over a 94,899-hectare (234,501-acre) area. Historically, over 101 placer gold creeks on the 90-kilometre (56-mile) trend, from the Cariboo Hudson mine north to the Quesnelle Gold Quartz mine property, have recorded production with successful placer mining continuing to this day.

Golden Cariboo's Quesnelle Gold Quartz mine property is four kilometres (2.5 miles) 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 and developed over a footprint of about 150 metres by 150 metres (less than six acres) at the Main zone straddling Hixon Creek. Over all, the geological setting of the gold mineralization at the company's Quesnelle Gold Quartz mine property shows strong similarities with the Spanish Mountain gold deposit, situated 120 kilometres (75 miles) toward the southeast along the same geological trend. As a sediment-hosted vein (SHV) deposit, the Spanish Mountain deposit is considered to belong to the epizonal orogenic subclass of gold deposits, which includes some of the world's largest deposits such as Muruntau (Uzbekistan) and Bendigo (Australia).

We seek Safe Harbor.