Golden Cariboo arranges $750,000 private placement

Jun 4, 2025

2025-06-04 07:23 ET – News Release

Mr. Frank Callaghan reports

GOLDEN CARIBOO ANNOUNCES PRIVATE PLACEMENT

Golden Cariboo Resources Ltd. has arranged a non-brokered private placement offering. The company has opened a private placement offering of units for gross proceeds of up to $750,000. The offering is being conducted at a price of 7.5 cents per unit, with each unit consisting 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: 12 cents in year 1, 14 cents in year 2, 16 cents in year 3, 18 cents in year 4 and 20 cents in year 5.

The private placement is subject to Canadian Securities Exchange (CSE) approval, and all securities are subject to a four-month hold period. Finders’ fees may be payable in connection with the private placement, all in accordance with the policies of the CSE. The proceeds from this private placement will be used for continued property exploration and for general working capital.

The private placements announced May 6, 2025, are cancelled.

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 north 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 of 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 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 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.

We seek Safe Harbor.

http://Golden Cariboo Resources Ltd.