CSE Stock Symbol GCC GOLDEN CARIBOO OPTION GRANT

GOLDEN CARIBOO RESOURCES LTD.

1100 - 1111 MELVILLE ST

VANCOUVER, B.C. CANADA V6E 3V6

TELEPHONE: 604-669-6463

GOLDENCARIBOO.com

CSE Stock Symbol GCC

GOLDEN CARIBOO OPTION GRANT

September 16, 2024

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

GCCFF/WKN-A0RLEP) announces the granting of 1,400 ,000 incentive stock options pursuant to its

stock option plan to consultants of the Company to directors and officers of the Company, as well as

employees and consultants of the Company. . Each option is exercisable to purchase one common

share of the Company at a price of $0.23 per share for a term of 5 years. Opti ons, and the shares

issuable upon exercise, are subject to a four month hold period from the date of grant.

About Golden Cariboo Resources Ltd.

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.

For further information please contact:

GOLDEN CARIBOO RESOURCES LTD

“J. Frank Callaghan”

J. Frank Callaghan, President & CEO

Tel: 604-669-6463

VISIT OUR WEBSITE FOR MORE DETAILS

www.goldencariboo.com

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

accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statements:

This news r elease 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 busines s 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 r egarding; 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 b e 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 o r 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 w ill not receive

the necessary exemptions and approvals to 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 t he 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. Nei ther the Company nor

any of its representatives shall have any liability whatsoever, under contract, tort, trust 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.