Mr. Frank Callaghan reports

GOLDEN CARIBOO IDENTIFIES MINERALIZATION 600M BELOW SURFACE OF THE HALO ZONE

Drill hole QGQ25-29 was completed on April 19, 2026, at Golden Cariboo Resources Ltd.'s Quesnelle gold quartz mine property, located approximately four kilometres northeast of Hixon and 50 kilometres southeast of Prince George, B.C.

Drill hole QGQ26-29 was collared at the same drill pad as QGQ24-25 and was aligned to 170-degree/negative-72-degree dip to target internally modelled data adjacent the strike of the greenstone contact vertically below the company's earlier drilling. QGQ26-29 was drilled to a depth of about 660 metres (2,166 feet) and successfully intercepted numerous internally modelled zones and may have identified a new mineralized zone near the end of hole, about 600 m (1,969 ft) vertically below the initial Discovery trench and QGQ24-17 collar. The end of QGQ26-29 is described as andesitic tuff with moderate sericite-silica alteration. Quartz-carbonate veinlets comprise approximately 3 to 5 per cent, locally increasing to 10 to 12 per cent and overall approximately 2 per cent disseminated and replacement pyrite. Logging and sampling are in progress with assays from the top of hole currently pending.

Assay results for drill hole QGQ25-28, collared about 80 m north of QGQ26-29, are nearly completed in full and expected to be in hand within the week. Results will be released when they come available.

The company's mineral resource estimate is in progress with validation of all databases in progress along with additional technical studies. The latest drill hole is planned to be included in the MRE along in addition to the company's 28 other NQ-sized drill holes. The company's 29 drill holes are intended to be included in the resource, along with up to nine historical drill holes from the property.

Golden Cariboo's president and chief executive officer, J. Frank Callaghan, exclaims: "We are very pleased with the early indications from drill hole QGQ26-29. The successful interception of multiple target zones and the emergence of a possible new mineralized horizon half a kilometre deep highlights the momentum building across the project. With additional assays expected shortly and our mineral resource estimate progressing well, Golden Cariboo is steadily advancing toward a clearer picture of the property's long-term potential."

The technical information in this news release has been reviewed and approved by David Mark, an independent consultant commissioned by the company. Mr. Mark 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 BC, and 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 them at the north 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 m by 150 m (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 km (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 include some of the world's largest deposits such as Muruntau, Uzbekistan, and Bendigo, Australia.

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