Private Placement Update

GARIBALDI RESOURCES CORP.

1150 - 409 Granville Street Vancouver, BC V6C 1T2 Telephone: (604) 488-8851 Website: GaribaldiResources.com August 15, 2017 TSXV: GGI OTC: GGIFF Frankfurt: RQM

PRIVATE PLACEMENT UPDATE

Vancouver, British Columbia, August 15, 2017 - Garibaldi Resources TSX.V: GGI) (the “Company” or “Garibaldi”), further to its news release of August 14, 2017, the Company announces that the private placement is revised as follows;

Garibaldi will issue up to 2,032,000 units at $0.46 per unit to raise gross proceeds of up to $934,720. Each unit consists of one common share in the capital of the Company and one non-transferable share purchase warrant. Each warrant is exercisable into one common share at a price of $.60 for a period of two years. The Company may pay a 7% finders' fee in cash on a portion of the proceeds.

The proceeds will be used for the Company's exploration programs as well as general working capital purposes.

About Garibaldi

Garibaldi Resources Corp. is an active Canadian-based junior exploration company focused on creating shareholder value through discoveries and strategic development of its assets in some of the most prolific mining regions in Mexico and British Columbia.

We seek safe harbor.

GARIBALDI RESOURCES CORP.

Per: "Steve Regoci"

Steve Regoci, President

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or the accuracy of this release.