Mr. Steve Regoci reports

GARIBALDI CLOSES $13 MILLION FINANCING

Garibaldi Resources Corp. has closed an oversubscribed non-brokered private placement with strategic investors for gross proceeds of $13,052,772. The flow-through financing was priced at $3.35 per share (see April 17, 2018, news release).

The company will issue a total of 3,896,350 shares. All shares from the private placement are subject to a four-month hold period from the date of issuance. A finder's fee commission of $150,388.63 was paid on a portion of the placement and is subject to TSX Venture Exchange approval.

Proceeds from the financing will be used to further advance the company's 100-per-cent-owned E&L Nickel Mountain project in the prolific Eskay camp.

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 richest mining regions of Mexico and British Columbia.