Golden Cariboo Resources Acquires Camp Property and Advances Drilling at Quesnelle Gold Quartz Mine

Golden Cariboo Resources Ltd. (CSE:GCC) (OTC:GCCFF) announced it has signed a purchase contract for a 5.36-acre freehold property in Hixon, British Columbia, to establish a camp location supporting the advancement of its nearby Quesnelle Gold Quartz Mine Property. The property, with direct access to Highway 97, was acquired for $300,000 CAD, with a $50,000 non-refundable deposit paid and the remaining $250,000 due by October 30, 2026. The company plans to set up an Atco 5 Unit Skid-Mounted Mobile Camp at this location, a critical infrastructure step for ongoing exploration activities.

The company also provided an update on its drilling program at the Quesnelle Gold Quartz Mine. Hole QGQ26-30 was drilled to a depth of approximately 402 meters (1,319 feet) at an orientation of 270 degrees / -54 degrees, targeting the western contact of the Halo zone from the same pad as QGQ26-29. The hole ended in favorably altered volcanics about 235 meters (771 feet) horizontal distance west of its collar, and core logging is in progress. Additionally, hole QGQ26-31 commenced drilling this week approximately 70 meters (230 feet) north of QGQ26-30, also targeting the western contact of the Halo Zone. Further updates will be provided as available.

These developments are significant for Golden Cariboo as it continues to rediscover the Cariboo Gold Rush through highly targeted drilling and trenching on its 94,899-hectare (234,501-acre) Quesnelle Gold Quartz Mine property. The property is bordered by Osisko Development and partly intertwined with Osisko at the north end of the Cariboo Gold Project, located along a favorable corridor adjacent to the Spanish and Eureka thrust faults. Historically, over 101 placer gold creeks on the 90-kilometer (56-mile) trend from the Cariboo Hudson mine north to the Quesnelle property have recorded production, with successful placer mining continuing to this day.

The Quesnelle Gold Quartz Mine property is 4 kilometers (2.5 miles) northeast of Hixon and road accessible. It includes the Quesnelle Quartz gold-silver deposit, discovered in 1865 and developed over a footprint of about 150m x 150m at the Main zone straddling Hixon Creek. The geological setting shows strong similarities with the Spanish Mountain gold deposit, located 120 km (75 miles) southeast along the same geological trend, which is considered an epizonal orogenic gold deposit—a subclass that includes some of the world's largest deposits such as Muruntau, Uzbekistan and Bendigo, Australia.

For further information, contact Golden Cariboo Resources Ltd. at 604-669-6463 or visit www.goldencariboo.com. Follow the company on social media: Instagram, Facebook, X (Twitter), and LinkedIn.

Neither the Canadian Securities Exchange nor its Regulation Service Provider accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statements: This news release contains forward-looking information within the meaning of applicable securities laws, including statements regarding plans, intentions, beliefs, and current expectations. Forward-looking information is identified by words such as “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions. Such statements are based on assumptions including that the company will receive necessary approvals, complete the offering, and have resources required for exploration plans. Risks include failure to receive approvals, inability to complete the offering, unanticipated costs, and changes in laws. Readers are advised not to place undue reliance on forward-looking statements. The company undertakes no obligation to update forward-looking statements except as required by law.

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