Mr. Steve Regoci reports

GARIBALDI RESOURCES CORP. CONFIRMS AVAILABILITY OF ANNUAL MEETING MATERIALS AND PROVIDES CORPORATE UPDATE

Garibaldi Resources Corp. will be relying on CSA Coordinated Blanket Order 51-931 for exemption from the requirements to send proxy-related materials for its upcoming annual and general special meeting, being held at the offices of Cozen O'Connor LLP, Bentall 5, 550 Burrard St., Suite 2501, Vancouver, B.C., V6C 2B5, on Monday, Dec. 30, 2024, at 10 a.m. PST, due to the current delays and suspension of mail service in Canada due to the nationwide strike of the Canadian Union of Postal Workers, which commenced on Nov. 15, 2024.

The company confirms that it has satisfied all of the conditions to rely on the order.

The following resolutions will be put forth to the shareholders of the company at the meeting:

• To receive the audited financial statements of the company for the fiscal year ended Jan. 31, 2024, and the accompanying report of the auditor;
• To appoint Manning Elliott, chartered professional accountants, as the auditor of the company for the financial year ending Jan. 31, 2025, and to authorize the directors of the company to fix the remuneration to be paid to the auditor for the financial year ending Jan. 31, 2025;
• To set the number of directors of the company at six;
• To elect, individually, Steve Regoci, Barrie Di Castri, Jeremy Hanson, Greg Burnett, Dr. Craig Gibson and Dr. Raymond Goldie as the directors of the company;
• To consider and, if thought fit, to reapprove and confirm the company's 2023 equity incentive plan, including reapproval of a 10-per-cent rolling plan for stock options and a fixed plan of 13,740,285 common shares for performance-based awards of restricted share units, performance share units and deferred share units, all as described in the accompanying management information circular.

The meeting materials are accessible on the company's profile on SEDAR+ and on the company's website. Shareholders of the company are encouraged to access the meeting materials directly through the above-mentioned websites, or they may contact Mr. Regoci, the company's chief executive officer, at 604-488-8828, or by e-mail at info@garibaldiresourcescorp.com to request electronic copies of the meeting materials. In the event that the postal strike ends prior to the meeting, the company will mail the meeting materials in the normal course, but there can be no assurance that the meeting materials will be received by the shareholders prior to the meeting.

The company encourages shareholders to vote at the meeting. Proxies must be received by no later than 10 a.m. PST on Dec. 24, 2024.

How registered shareholders can vote

Registered shareholders are shareholders who hold their shares directly in the company and not through a brokerage account or depository company. The company is advised that registered shareholders may submit their votes by proxy by completing the form of proxy available on the company's SEDAR+ profile or on the company's website, and sending the completed proxy to Computershare by e-mail at service@computershare.com. Registered shareholders who require assistance submitting their votes by proxy may contact Computershare toll-free between the hours of 8:30 a.m. EST and 8 p.m. EST at 1-800-564-6253 or e-mail at service@computershare.com.

How beneficial shareholders can vote

Beneficial shareholders are shareholders who hold their investment through a brokerage house, depository company or other intermediary. Beneficial shareholders should contact their brokerage house or depository company or other intermediary, and ask to obtain their voting control number and the steps of how to vote, which could include internet voting, completing a form of proxy and e-mailing it, directing your broker over the phone on how you wish to vote or some other method as described by your brokerage house or depository company.

Financial statements and MD&A (management's discussion and analysis)

Copies of the company's annual financial statements and the related MD&A for the year ended Jan. 31, 2024, as well as interim financial statements and the related MD&A for the quarterly periods ended April 30, 2024, and July 31, 2024, have been filed and are available on the company's SEDAR+ profile.

The company will provide physical copies of the financial statements and MD&A to securityholders upon request by phone at 604-488-8828 or by e-mail at info@garibaldiresoures.com. Following the conclusion of the postal strike, shareholders requesting financial statements and the MD&A will be delivered those documents in the ordinary course.

The company also announces that on Dec. 10, 2024, it issued 100,000 common shares to DeCoors Mining Corp. pursuant to the restated amending agreement with DeCoors, amending the buyback acquisition of the 2.0-per-cent net smelter return (NSR) 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 return on the property by issuing 500,000 shares over a four-year period. The company may acquire the remaining 1.0-per-cent NSR royalty by making a cash payment of $2-million. 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 Resources 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 in British Columbia and Mexico.