Golden Cariboo Private Placement Closed Oversubscribed
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 Private Placement Closed Oversubscribed
April 10, 2026
Vancouver, B.C., Canada – Golden Cariboo Resources Ltd. (the “Company”) (CSE:GCC)
(OTC:GCCFF) (WKN:A402CQ) (FSE:3TZ) is pleased to announce that it has closed the previously
announced non -brokered private placement (the “ Offering”), oversubscribed for gross proceeds of
$871,000 from the issue of 10,887,500 units at $0.08 per unit.
Each unit consists of one common share of the Company and one share purchase warrant (“Warrant”).
Each Warrant entitles the holder thereof to acquire one additional common share at a price of $0.12 in
year one, $0.17 in year two, $0.22 in year three, $0.27 in yea r four or $0.30 in year five. All securities
from the Private Placement will be subject to a four -month hold period expiring August 11, 2026 . In
connection with the private placement, eligible persons (“Finders”) were paid commissions of $43,120
and 539,000 warrants entitling the finders to acquire one additional common share at a price of $0.12 in
year one, $0.17 in year two, $0.22 in year three, $0.27 in year four or $0.30 in year five , in accordance
with the policies of the CSE. The proceeds from this private placement will be used for general working
capital and continued property exploration.
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 bordered
by Osisko Development (NSE:ODV/TSXV:ODV), partly intertwine d with them at the north end of the
Cariboo Gold Project, and located along a favourable corridor adjacent to the Spanish and Eureka
thrust faults over a 94,899 hectare (234,501 acre) area. Historically, over 101 placer gold creeks on the
90-kilometer (56 mile) trend, from the Cariboo Hudson mine north to the Quesnelle Gold Quartz Mine
property, have recorded production with successful placer mining continuing to this day.
Golden Cariboo’s Quesnelle Gold Quartz Mine property is 4 kilometers (2.5 miles) nor theast of, and
road accessible from, Hixon in central British Columbia. The Property includes the Quesnelle Quartz
gold-silver deposit, which was discovered in 1865 and developed over a footprint of about 150m x
150m (< 6 acres) at the Main zone straddling Hixon Creek. Overall, the geological setting of the gold
mineralization at the Company’s Quesnelle Gold Quartz Mine property shows strong similarities with
the Spanish Mountain gold deposit, situated 120 km (75 miles) towards the southeast along the same
geological trend. As a sediment-hosted vein (SHV) deposit, the Spanish Mountain deposit is considered
to belong to the epizonal orogenic subclass of gold deposits which include some of the world’s largest
deposits such as Muruntau, Uzbekistan and Bendigo, Australia.
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 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 a nd plans of the Company. Forward -
looking information is often identifie d 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 proce eds will be used for property exploration
and for general working capital; the Company’s explor ation 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 capita l; 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 Offeri ng, 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 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 inc ur unanticipated costs; that the
Company ma y 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 require ments 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. Accordingl y,
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, trust or otherwise, to you or any perso n 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.