Golden Cariboo Initiates Core Orientation System on Active Drill Program

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

CSE Stock Symbol GCC

Golden Cariboo Initiates Core Orientation System on Active Drill Program

July 3, 2024

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

(WKN:A042CQ) (FSE:3TZ) is pleased to announce the introduction of an oriented core system on the

active drill program at the Quesnelle Gold Quartz property . Drill core orientation preserves the original

position of the rock retrieved during the drilling process, which allows for the collection of structural

measurements of rock formations, veins and geologic structures as they were in-situ underground. It is

expected that the oriented core data collected will be a key component in generating a geological and

structural model for gold mineralization on the property.

The Company would also like to provide a drill production update for the Quesnelle Gold Quartz property.

The Company has completed drilling holes QGQ24-09, QGQ24-10, QGQ24-11 and QGQ24-12 for a total

of 1268.87 m (4162.3 ft) and drilling actively continues on hole QGQ24-13. Assay results are pending for

all holes and the remaining 387.05 m (1269.9 ft) of hole QGQ24-08 (from 324.96 to 712.01 m, 1063.0 to

2336.0 ft).

Additionally, the Company has expanded the technical team with the addition of Sebastian Triebert, M.Sc.

to the active program in Hixon, BC. Sebastian is a graduate from the Freiberg University of Mining and

Technology and has experience working in both Germany and Finland exploring for battery and precious

metals.

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: 604-682-2928

Scott Young, Corporate Development

Tel: 705-888-2756

VISIT OUR WEBSITE FOR MORE DETAILS

www.goldencariboo.com

LIKE AND FOLLOW

Instagram, Facebook, X (Twitter), LinkedIn

Neither the “CSE” Canadian Securities Exchange nor its Regulation Service Provider (as that term is defined in the policies o f 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 o f 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 Quesnel le 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 r eceive 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 resou rces 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 to complete the Offering; that the Company will not complete the Offe ring 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 pu rsue its exploration plans; that the Company’s operations could be adversely affected by possible future government legislati on

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 fo rmal 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 pl ace

undue reliance on forward-looking statements or information. Neither the Company nor any of its representatives make any representation or warranty, ex press or

implied, as to the accuracy, sufficiency or completeness of the information in this news release. N either 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 informatio n 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.