Golden Cariboo Provides Q1 Quesnelle Gold Quartz Exploration Update
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 Provides Q1 Quesnelle Gold Quartz Exploration Update
March 25, 2025
Vancouver, Canada – Golden Cariboo Resources Ltd. (the “Company”) (CSE:GCC) (OTC:GCCFF)
(WKN:A402CQ) (FSE:3TZ) wishes to announce that a report is being prepared for all exploration
activities conducted between the autumn of 2022 through to the end of 2024 at its Quesnelle Gold Quartz
Mine property (the ”Property”), located approximately 4 kilometers (2.5 miles) northeast of Hixon, central
British Columbia, Canada.
Company geologists are working diligently to complete the validation of all surface and drill hole data in
preparation to file an exploration and development work report on the Property, including on the most
recently staked 90,989 hectare (224,052 acre) mineral claim group as identified in the December 17,
2024 News Release. Micromine Origin software is a powerful tool utilized by Golden Cariboo’s team to
integrate, validate and visualize the geological data presented in the report and will also contribute to the
Company’s 2025 exploration program by delivering quality data that enhances targeting capabilities.
Allowable exploration and development work will be recorded in the BC Mineral Titles Online system in
two transactions, one for the exploration conducted prior to the 2024 staking, and the second for the
balance of 2024 exploration conducted since staking. The related assessment report will be filed with the
BC Mineral Titles Branch at that time.
Preparations are in progress to commence the drill program which was anticipated to begin earlier in the
year (January 14, 2025 News Release ). With maintenance of heavy equipment now complet ed and
improvements to the offsite camp facilities also made, Golden Cariboo’s team are well prepared to
commence the 2025 exploration program.
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 intertwined with them at the north end of the
Cariboo Gold Project, and located along favorable corridor adjacent 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 and successful placer mining continues to this day.
Golden Cariboo’s Quesnelle Gold Quartz Mine property is 4 kilometers (2.5 miles) 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 hardrock mine workings, is a placer gold producing 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 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 of the Company. Forward -looking
information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “beli eve”, “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 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 e xploration 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 m inority 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 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 pos sible future government le gislation
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 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, 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 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.