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GGI.V ·

Garibaldi Announces Adoption of Equity Incentive Plan

Share Capital & Compensation

GARIBALDI RESOURCES CORP.

1150 - 409 Granville Street

Vancouver, BC V6C 1T2

Telephone: (604) 488-8851 Website: GaribaldiResources.com

TSXV: GGI

OTC: GGIFF

Frankfurt: RQM

GARIBALDI ANNOUNCES ADOPTION OF EQUITY INCENTIVE PLAN

Vancouver, British Columbia , January 2, 2024 - Garibaldi Resources (TSXV: GGI) (the “ Company” or

“Garibaldi”) is pleased to announce that, at the Company’s annual general and special meeting held on

December 28, 2023, the shareholders approved the enti re agenda in the Notice of Meeting, including the

notice of an equity incentive plan (the “Plan”) which has a 10% rolling stock option component and fixed

restricted share unit, performance share unit and de ferred share unit components reserving an aggregate

of 13,740,285 shares for issuance. Shareholder approv al of the Plan must be obtained annually at the

Company’s annual general meeting. In addition, the Plan must be submitted to the TSX Venture Exchange

for review and acceptance on an annual basis.

The Company also announces that, at the Company’s annual general and special meeting held on

December 30, 2022, the shareholders ad opted an equity incentive plan (the “ 2022 Plan”) which has a 10%

rolling stock option component and fixed restricted share unit, performance share unit and deferred share

unit components reserving an aggregate of 12,726,552 shares for issuance. Shareholder approval of the

2022 Plan must be obtained annually at the Company’s annual general meeting. In addition, the Plan must

be submitted to the TSX Venture Exchange for review and acceptance on an annual basis.

About Garibaldi

Garibaldi Resources Corp. is an active Canadian-bas ed junior exploration company focused on creating

shareholder value through discoveries and strategic development of its assets in some of the most prolific

mining regions in British Columbia and Mexico.

GARIBALDI RESOURCES CORP.

Per: "Steve Regoci"

Steve Regoci, President

Neither the TSX Venture Exchange nor its Regulation Servic es Provider accepts responsib ility for the adequacy or the

accuracy of this release