Golden Cariboo Resources Reports Significant Gold Intercept at Quesnelle Property

Golden Cariboo Resources Ltd. has intersected 0.56 grams per tonne gold over 99.84 meters in drill hole QGQ25-23 from 182.20 meters depth at its Quesnelle Gold Quartz Mine property in British Columbia. This significant intercept includes a higher-grade section of 1.00 g/t gold over 40.56 meters, with a particularly rich 1.92-meter interval grading 9.99 g/t gold. The company also reported that drill holes QGQ24-21 and QGQ25-23 to -24 each intersected intermittent anomalous gold mineralization, though mechanical issues during drilling led to early termination of these holes. All terminated holes ended within anomalous intersections, suggesting mineralization may continue beyond the drilled depths.

The technical significance of these results lies in their location within the Halo zone and the geological context of the property. The company is currently conducting fall drilling north of the Halo zone, with drill hole QGQ25-28 in progress, targeting areas proximal to the greenstone and argillite inferred contact to vector into further mineralization to the north. The property is situated along a favorable geological corridor adjacent to the Spanish and Eureka thrust faults over a 94,899-hectare area. Historically, this region has seen extensive placer gold production, with over 101 placer gold creeks along the 90-kilometer trend from the Cariboo Hudson mine north to the Quesnelle Gold Quartz Mine property recording production, with successful placer mining continuing to this day.

Quality assurance and quality control procedures were rigorously followed throughout the sampling process. QA/QC samples, including blanks, standards and coarse reject duplicates, constituted 5% of the total number of samples. All drilling utilized NQ core, which was logged and sampled by company geologists based on lithology, alteration and mineralization. Samples were generally taken in 0.5 to 2-meter lengths, split in half, and sent for analysis. The drill core samples were processed at the company's secure drill compound at Hixon, British Columbia, before being shipped to ALS Canada Ltd.'s laboratory in North Vancouver.

At the ALS facility, samples were analyzed using PhotonAssay™ technology for gold on average 400-500 gram subsamples. This method uses larger sample sizes compared to traditional 30 or 50-gram fire assays, providing a more thorough assessment of gold distribution in coarse gold settings characteristic of the Halo zone, where nugget effects can impact conventional assay results. The ALS facilities are accredited to ISO 17025 standards and are entirely independent from the company. Samples were also analyzed for 36 elements by aqua regia digestion with an inductively coupled plasma atomic emission spectroscopy finish.

The geological setting of the gold mineralization at the Quesnelle property shows strong similarities with the Spanish Mountain gold deposit, situated 120 kilometers towards the southeast along the same geological trend. As a sediment-hosted vein deposit, the Spanish Mountain deposit is considered to belong to the epizonal orogenic subclass of gold deposits which include some of the world's largest deposits such as Muruntau in Uzbekistan and Bendigo in Australia. The technical information in this release has been reviewed and approved by Jean Pautler, an independent consultant and Qualified Person as defined by NI 43-101.