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GARIBALDI RESOURCES CORP.

1150 - 409 Granville Street Vancouver, BC V6C 1T2 Telephone: (604) 488-8851 Website: www.garibaldiresources.com

February 23, 2012 TSX-V: GGI Frankfurt: RQM

GRANT OF STOCK OPTIONS

Vancouver, British Columbia - February 23, 2012 – Garibaldi Resources Corp. (TSX.V: GGI) (the "Company") is pleased to announce that it has granted to directors, officers or employees of the Company Incentive Stock Options on up to 500,000 shares of the Company’s capital stock, exercisable for up to five (5) years, at a price of $0.30 per share, which price is not lower than the last closing price of the Company’s shares prior to this announcement, less the applicable discount. The options are granted pursuant to the Company's Stock Option Plan and will be subject to applicable regulatory hold periods.

About Garibaldi Resources

Garibaldi Resources Corp. is a Canadian junior mining company utilizing the most sophisticated remote sensing technology in the world to explore for new gold silver and base metal deposits in the central and northern parts of Mexico's prolific Sierra Madre. The Company controls seven district scale projects covering more than 2,000 square kilometres of strategically located concessions close to some of the most robust gold and silver mining projects ever discovered in Mexico including El Sauzal, Mulatos and Ocampo.

We seek safe harbour.

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.