Mr. J. Frank Callaghan reports

GOLDEN CARIBOO INTERSECTS ADDITIONAL STRONG VEINING WITH VISIBLE GOLD IN HALO ZONE EXTENSION

The current drill hole QGQ25-23 in the north-northwest extension of the Halo zone at Golden Cariboo Resources Ltd.'s Quesnelle gold quartz mine property, located four kilometres (2.5 miles) from Hixon, central British Columbia, drilled a broad zone of gold mineralization within strong quartz-carbonate veining showing visible gold (VG) in three occurrences.

Drill hole QGQ25-23 was set up at an azimuth of 13 degrees and inclination of minus-45 degrees as a 65-metre stepout.

QGQ25-23 was collared into graphitic argillites. At a depth of 193 metres (633 feet), it intersected the lithologic contact toward to underlying andesitic volcaniclastics, which comprise the uppermost portion of a greenstone package (see April 15, 2025, news release). An intense stockwork of several centimetres to over one-metre-wide quartz-iron-carbonate veins occurs on both sides of the contact starting at a depth of 118 metres (387 feet). The veins contain visible gold in three occurrences between 202.4 metres (664 feet) and 281.2 metres (922.6 feet). At a depth of 288.04 metres (945 feet), QGQ25-23 was abandoned within the mineralized zone due to technical difficulties, resulting in a drilled length of the vein stockwork of 170 metres (558 feet).

The mineralization is highly similar to a zone intersected in QGQ24-20, which returned 1.45 grams per tonne gold and 16.05 grams per tonne silver over 137.17 metres (450 feet) within a broader intercept (see Feb. 25, 2025, news release), and to the mineralization intercepted in QGQ24-21, which is currently at ALS Canada for assaying.

The technical information in this news release has been reviewed by Dr. Sarah Palmer, PGeo, a qualified person with respect to National Instrument 43-101.

About Golden Cariboo Resources Ltd.

Golden Cariboo Resources is rediscovering the Cariboo gold rush by proceeding with highly targeted drilling and trenching programs on its Quesnelle gold quartz mine property, which is bordered by Osisko Development Corp. and partly intertwined at the northern end of the Cariboo gold project, and located along a favourable corridor adjacent to the Spanish and Eureka thrust faults over a 94,889-hectare (234,501-acre) area. Historically, over 101 placer gold creeks on the 90-kilometre (56-mile) trend from the Cariboo Hudson mine north to the project have recorded production and successful placer mining continues to this day.

Golden Cariboo's project is four kilometres (2.5 miles) northeast of and road accessible from Hixon in central British Columbia. It includes the Quesnelle quartz gold-silver deposit, which was discovered in 1865 in conjunction with placer mining activities. Hixon Creek, which dissects the old workings, is a placer creek that has seen small-scale placer production since the mid-1860s.

We seek Safe Harbor.