Golden Cariboo Intercepts Additional Visible Gold in Four Latest Drill Holes

Vancouver, Canada – Golden Cariboo Resources Ltd. (the “Company”) (CSE:GCC) (OTC:GCCFF) (WKN:A402CQ) (FSE:3TZ) announces that additional visible gold and extensive quartz-carbonate veining has been observed in drill holes QGQ24-16, QGQ24-17, QGQ24-18 and QGQ24-19. Drill hole QGQ24-18 was completed at a depth of 483.41 m (1586 ft). Drill hole QGQ24-19 is currently in progress and is at a depth of 72.24 m (237 ft). See map in Figure 3 for further details. Assay results pending.

Golden Cariboo’s President and CEO, Frank Callaghan stated “Our technical team has seen extensive quartz veining including visible gold in all four of the recent drill holes. We’re getting a grasp on the geometry of the system and systematically exploring the large gold-bearing trends. We see extraordinary prospectivity along these trends and are currently pushing to expand the Halo zone, open in all directions, to the north with drill hole QGQ24-19. This drilling has intersected prospective veining, extensive alteration plus visible gold within the veins. Early signs point to a robust gold system with bulk-tonnage mining potential, starting from surface.”

Golden Cariboo Resources Ltd. is rediscovering the Cariboo Gold Rush by proceeding with highly targeted drilling and trenching programs on its Quesnelle Gold Quartz Mine property which is almost fully encircled on 3 of 4 sides by Osisko Development (NSE-ODV/TSXV-ODV). Historically, over 101 placer gold creeks on the 90 km trend from the Cariboo Hudson mine north to the Quesnelle Gold Quartz Mine property have recorded production and successful placer mining continues to this day.

Golden Cariboo’s Quesnelle Gold Quartz Mine property is 4 km northeast of, and road accessible from, Hixon in central British Columbia. The Project 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 which has seen small-scale placer production since the mid 1860s.

GOLDEN CARIBOO RESOURCES LTD      
“J. Frank Callaghan”

J. Frank Callaghan, President & CEO
Tel: 604-682-2928

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