Golden Cariboo Mobilizes Drill Crew to its Quesnelle Gold Quartz Mine Property

GOLDEN CARIBOO RESOURCES LTD.

804 –750 WEST PENDER STREET

VANCOUVER, B.C. CANADA V6C 2T7

TELEPHONE: 604-682-2928

FAX: 604-685-6905

GOLDENCARIBOO.com

TSX.V Stock Symbol GCC

Golden Cariboo Mobilizes Drill Crew to its Quesnelle Gold Quartz Mine Property

April 2, 2024

Vancouver, Canada – Golden Cariboo Resources Ltd. (“GCC or the Company”) (CSE-GCC,

OTC-GCCFF, WKN-A0RLEP) announces its drill crew has been mobilized to a diamond drill on

site at one of 54 permitted drill pads at the Company’s Quesnelle Gold Quartz Mine property near

Hixon, British Columbia. Drilling is expected to commence immediately.

The Company anticipates drilling to depths of approximately 350 meters this season, building off

the success es of last year’s program and will now target a greenstone contact and the

accompanying, newly discovered replacement style mineralization.

Company president and CEO, J. Frank Callaghan expressed enthusiasm, stating “It is exciting to

have discovered replacement style mineralization associated with a greenstone contact .

Replacement style mineralization (excluding the associated benefits of a greenstone contact) is

similar to what has been produced nearby at Osisko Development Corp’s Bonanza Ledge mine,

that GCC’s team originally discovered, developed, permitted and put into production before

Osisko’s $330 million acquisition.”

Mr. Callaghan continued “The Company’s exploration thesis is that its Quesnelle Gold Quartz

project contains similar host rocks to Osisko’s Cariboo Gold project consisting of the Bonanza

Ledge mine and the multi-million ounce Cariboo Gold Mine that is expected to go into production

as early as this year. Having personally been a part of the Bonanza Ledge discovery and bringing

it into production, it is very exciting to have encountered a greenstone contact in addition to the

similar A-veins, B-veins and replacement style mineralization that make up Osisko’s Bonanza

Ledge operation.

About Golden Cariboo Resources Ltd.

Golden Cariboo Resources Ltd. is rediscovering the Cariboo Gold Rush by proceeding with high-

grade targeted drilling and trenching programs on its Quesnelle Gold Quartz Mine Project 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 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 property includes the Quesnelle Quartz gold- silver

deposit, which was discovered in 1865 in conjunction with placer mining activities. Hixon Creek,

which dissects the Quesnelle Gold Quartz Mine property, is a placer creek which has seen small-

scale placer production since the mid 1860’s.

For further information please contact:

GOLDEN CARIBOO RESOURCES LTD

“J. Frank Callaghan”

J. Frank Callaghan, President & CEO

Tel: 604-682-2928

Neither the “CSE” Canadian Securities Exchange nor its Regulation Service Provider (as that term is defined in the policies of the

Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statements:

This news release contains statements which constitute “forward-looking information” within the meaning of applicable securities laws,

including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business

activities and plans of the Company. Forward- looking information is often identified by the words “may”, “would”, “could”, “should”,

“will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions and includes information regarding; the

expectation that the Company will receive all necessary exemptions and approvals to complete the Offering; the expectation that the

Company will complete the Offering on the terms disclosed, or at all; the expectation that the proceeds will be used for property

exploration and for general working capital; the Company’s exploration plans with respect to its Quesnelle Gold Quartz Mine property;

and the anticipated participation of the insider in the Offering.

Such forward- looking statements are based on a number of assumptions of management, including, without limitation, that the

Company will receive all necessary exemptions and approvals to complete the Offering; that the Company will complete the Offering

on the terms disclosed, or at all; that the proceeds will be used for property exploration and for general working capital; that the

Company will have the resources required to proceed with its exploration plans; that the Company will not run into regulatory or other

barriers in carrying out its business plans; that the insider will participate in the Offering, on the terms and conditions and in the amount

currently expected by management; and that the Company will be able to rely on the exemption from the formal valuation and minority

shareholder approval requirements on the basis anticipated.

Additionally, forward-looking information involve a variety of known and unknown risks, uncertainties and other factors which may

cause the actual plans, intentions, activities, results, performance or achievements of the Company to be materially different from any

future plans, intentions, activities, results, performance or achievements expressed or implied by such forward- looking statements.

Such risks include, without limitation: that the Company will not receive the necessary exemptions and approvals t o complete the

Offering; that the Company will not complete the Offering on the terms disclosed, or at all; that the Company will be unable to use the

proceeds for property exploration and for general working capital; that the Company may incur unanticipated costs; that the Company

may not have the resources required to pursue its exploration plans; that the Company’s operations could be adversely affected by

possible future government legislation policies and controls or by changes in applicable laws and regulations; that the insider may not

participate in the Offering on the terms and conditions and in the amount currently expected by management, or at all; and that the

Company may not be able to rely on the exemption from the formal valuation and minority shareholder approval requirements on the

basis currently expected. Such forward-looking information represents management’s best judgment based on information currently

available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are

advised not to place undue reliance on forward-looking statements or information. Neither the Company nor any of its representatives

make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this

news release. Neither the Company nor any of its representatives shall have any liability whatsoever, under contract, tort, t rust or

otherwise, to you or any person resulting from the use of the information in this news release by you or any of your representatives or

for omissions from the information in this news release.

The forward-looking statements herein speak only as of the date they were originally made. The Company has no intention and

undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or

otherwise, except as required by law.