Mr. Steve Regoci reports

GARIBALDI CORPORATE UPDATE

Further to the news release of Sept. 28, 2023, Garibaldi Resources Corp. has received final approval from the TSX Venture Exchange to the restated amending agreement with DeCoors Mining Corp., amending the buyback acquisition of the 2.0-per-cent net smelter return royalty payable on the company's Palm Springs claims located in northwestern British Columbia. Pursuant to the terms of the amending agreement, the company may acquire a 1.0-per-cent NSR on the property by issuing 500,000 common shares of the company over a four-year period. The company may acquire the remaining 1.0-per-cent NSR by making a cash payment of $2-million.

On Oct. 30, 2023, the company issued 100,000 shares to DeCoors. The shares are subject to a statutory hold period expiring four months and one day after issuance of the shares.

About Garibaldi Resources Corp.

Garibaldi is an active Canadian-based junior exploration company focused on creating shareholder value through discoveries and strategic development of its assets in some of the most prolific mining regions of British Columbia and Mexico.

We seek Safe Harbor.