Mr. Steve Regoci reports

GARIBALDI TO COMMENCE 2025 EXPLORATION ON ITS HIGH-GRADE NICKEL-COPPER AND GOLD PROPERTIES

Further to Garibaldi Resources Corp.'s news release of July 24, 2025, closing its private placement for $1,017,639.16, mobilization is under way. Management is grateful to acknowledge strategic investor Eric Sprott for his continued support by providing the lead order for 50 per cent of Garibaldi's financing.

The company's exploration team has provided management with recommendations to advance both the E&L nickel-copper-cobalt critical metals discovery and the Casper high-grade gold vein discovery. E&L and Casper are amongst dozens of mineralized occurrences documented by the British Columbia Geological Survey's database within Garibaldi's flagship 180-square-kilometre Eskay claim group. Both projects reside in the heart of the Eskay mining district, surrounded by multiple large high-grade gold and copper-gold deposits, such as Brucejack, Eskay Creek, KSM, Treaty Creek and the historic Snip deposit, all within the prolific Golden Triangle of northwestern British Columbia. Both E&L and Casper are regarded to have great merit, representing the highest value potential for shareholders.

The nickel, copper, cobalt, platinum group elements, gold and silver mineralization at E&L is globally top quartile in terms of grade, highlighted by discovery hole EL-17-14, which assayed 8.29 per cent nickel, 4.24 per cent copper, 0.19 per cent cobalt, 1.96 grams per tonne platinum, 4.47 grams per tonne palladium, 1.13 grams per tonne gold and 11.12 grams per tonne silver over 16.75 metres of massive sulphides within a broader 40.4-metre section grading 3.9 per cent nickel and 2.3 per cent copper (see Dec. 8, 2017, news release).

Furthermore, rising gold prices are fuelling great interest in the company's many gold prospects. In particular, the near-surface Casper gold quartz vein discovery, with up to 249 grams per tonne gold (eight ounces), displays an extraordinary high-grade gold profile, based on the population of selected surface sample assay results. An in-depth review of the company's geophysical database serves as the basis for launching a high-resolution aeromagnetic survey to determine the relationship of mineralized E&L gabbro to magnetic anomalies that remain unexplained.

The primary targets of these expanded surveys include the O anomaly and the F anomaly, which will inform geological models and provide a foundation for a comprehensive geophysical plan for developing and prioritizing drill targets as follows:

• The one-kilometre-sized O magnetic response, from an apparent deep source one kilometre south of E&L, was the subject of a case study by Mira Geosciences. Inversion data indicated three separate magnetic anomalies that may represent E&L gabbro and potential conduits for mineralization. The high-resolution magnetic survey will support a refined inversion of the data.
• Similarly, the 500-metre-sized untested F magnetic response, located 800 metres southeast of E&L, will be surveyed at a lower elevation for higher resolution to compare and contrast signatures from an earlier survey.
• High-resolution magnetic surveys over the broader footprint of E&L will also investigate the sulphide-mineralized boulder train at E&L West and the gabbroic rocks along the south flank of Nickel Mountain.
• Additional inversion processing utilizing new software modelling techniques for investigating a cluster of off-hole BHEM (borehole electromagnetic) conductors continues to provide encouraging modelling results.
• At Casper, a high-resolution magnetic survey will better anchor the understanding of the geology of the Casper zone and the association between gold mineralization and a clear on-trend magnetic response to the southeast.

Steve Regoci, Garibaldi's chief executive officer, stated: "In the present climate, management's focus is on advancing the most valuable assets, E&L and Casper, with new geophysical techniques to aid drilling. A refocus on geophysical fundamentals provides the most effective strategy to prioritize E&L and Casper drill targets. Our team recognizes the enormous potential for both discoveries and are eager to expand on our key drill targets.

"With gold above $3,000, the company's significant inventory of gold prospects also offers great opportunity to unlock the potential for these select properties acquired within historic mining districts in British Columbia: the Eskay Claim group, the Atlin goldfields, the Quesnel trough, the Hazelton gold-silver antimony camp and Spences Bridge gold belt. These strategic assets offer potential value-added leverage for shareholders."

Qualified person and data verification

Jeremy Hanson, PGeo, vice-president, exploration, Canada, for the company, and a qualified person as defined by National Instrument 43-101, has supervised the preparation of and reviewed and approved of the disclosure of information in this news release. Mr. Hanson has verified the data, including drilling, sampling, test and recovery data, by supervising all such procedures. There are no known factors that could materially affect the reliability of data collected and verified under his supervision. No quality assurance/quality control issues have been identified to date.

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.