Mr. Eric Sprott, a shareholder, reports
ERIC SPROTT ANNOUNCES INVESTMENT IN GARIBALDI RESOURCES
Between Nov. 9, 2017, and Dec. 21, 2017, 2176423 Ontario Ltd., a corporation which is beneficially owned by Eric Sprott, acquired ownership of 2,782,300 common shares of Garibaldi Resources Corp. through the facilities of the TSX Venture Exchange (representing in total approximately 2.9 per cent of the outstanding shares on a non-diluted basis and 2.7 per cent on a partially diluted basis assuming exercise of all warrants of Garibaldi Resources beneficially owned or controlled by Mr. Sprott) at prices ranging from $1.75 to $4.12 per share for aggregate consideration of $8,221,368.34. Mr. Sprott now owns or controls 14,887,528 shares and 4,705,562-share purchase warrants (representing approximately 15.4 per cent on a non-diluted basis and 19.3 per cent on a partially diluted basis). Prior to these acquisitions, Mr. Sprott beneficially owned or controlled 11,271,895 shares and 5,538,895 warrants (representing approximately 11.7 per cent on a non-diluted basis and 16.5 per cent on a partially diluted basis based on the shares then outstanding). The shares were acquired by Mr. Sprott, through 2176423 Ontario, for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities of Garibaldi Resources either on the open market or through private acquisitions or sell securities either on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors. Garibaldi Resources is located at 409 Granville St., suite 1150, Vancouver, B.C., V6C 1T2. A copy of 2176423 Ontario Ltd.'s early warning report will appear on Garibaldi Resources Corp.'s profile on SEDAR and may also be obtained by calling Mr. Sprott at 416-362-7172 (200 Bay St., suite 2600, Royal Bank Plaza, South Tower, Toronto, Ont., M5J 2J1).
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