Mr. J. Frank Callaghan reports

$1,500,000 FINANCING AND FALL - WINTER DRILL PROGRAM

Golden Cariboo Resources Ltd. has arranged a non-brokered private placement. The company has opened a private placement offering of units for gross proceeds of up to $1.5-million. The offering will consist of up to 30 million units at a price of five cents per unit. Each unit will consist of one common share and one share purchase warrant. Each warrant is exercisable for a period of five years from the closing date at exercise prices as follows: 7.5 cents in year 1, 10 cents in year 2, 15 cents in year 3, 20 cents in year 4 or 25 cents in year 5.

Private placement participation is available under prospectus exemptions, which include accredited investors, existing securityholders and others. Subscribers purchasing units under the existing securityholder exemption must have been a shareholder of the company on or before Sept. 15, 2025 (record date), and at date of issuance. Participation under the existing securityholder exemption is limited to Canadian shareholders and participation by individual shareholders cannot exceed $15,000.

Proceeds from the private placement will finance the continuation of the company's 2025 fall/winter drilling campaign, aiming to extend the Halo/Main zones' collective strike length from almost 600 metres to two kilometres. The campaign includes 15 holes to delineate the Halo zone's extension along the black argillite-greenstone contact, targeting the Pioneer Minfile occurrence to the north-northwest and the Main zone to the south-southeast. This comprises eight northerly stepout holes at approximately 100-metre intervals and nine southerly stepout holes at approximately 150-metre intervals.

The company's existing permit allows drill testing of the newly discovered KM Uno zone (see news release dated Sept. 9, 2025), the parallel North Hixon zone to Cayenne trend and the Sunset trend targets. These targets are supported by significant drill results and a resistivity-high anomaly from the North Hixon zone, a resistivity-high anomaly at the Sunset trend and promising initial rock geochemistry from the KM Uno zone. The four trends collectively span approximately eight kilometres of prospective exploration potential, comparable with the Halo zone.

All securities from the private placement are subject to a four-month hold period. In connection with the private placement, certain eligible persons will be paid 8-per-cent cash commissions and 8 per cent finder warrants, with each finder warrant entitling the holder to acquire one common share at the same terms as the subscriber warrants, all in accordance with the policies of the CSE. The proceeds from this private placement will be used for general working capital and continued property exploration.

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, partly intertwined with it 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 94,899-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 Quesnelle Gold Quartz mine property, have recorded production with successful placer mining continuing to this day.

Golden Cariboo's Quesnelle Gold Quartz mine property is four kilometres (2.5 miles) northeast of and road accessible from Hixon in central British Columbia. The property includes the Quesnelle Quartz gold-silver deposit, which was discovered in 1865 and developed over a footprint of about 150 metres by 150 metres (less than six acres) at the Main zone straddling Hixon Creek. Over all, the geological setting of the gold mineralization at the company's Quesnelle Gold Quartz mine property shows strong similarities with the Spanish Mountain gold deposit, situated 120 kilometres (75 miles) toward the southeast along the same geological trend. As a sediment-hosted vein (SHV) deposit, the Spanish Mountain deposit is considered to belong to the epizonal orogenic subclass of gold deposits, which includes some of the world's largest deposits such as Muruntau (Uzbekistan) and Bendigo (Australia).

We seek Safe Harbor.