Garibaldi Applies to Extend Warrant Expiry Date

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 APPLIES TO EXTEND WARRANT EXPIRY DATE

Vancouver, British Columbia, November 11, 2022 - Garibaldi Resources (TSXV: GGI) (the “ Company” or

“Garibaldi”) announces that the Company that it has applied to the TSX Venture Exchange (the

“Exchange”) to extend the term of 1,694,333 share purchase warrants (the “Warrants”). The original term

of the Warrants was two years and currently expire on November 20, 2022. The Company proposes to

extend the expiry date for a one year period to November 20, 2023. None of the Warrants to be amended

were issued to finders or agents. No other terms of the Warrants are to be amended and the exercise

price remains at $0.75.

Certain of the Warrants are held by parties who are co nsidered to be “related parties” of the Company

(such warrants, the “Related Party Warrants”). Therefore, the amendment of the Related Party Warrants

constitutes a “related party transacti on” as contemplated by Multilateral Instrument 61-101 Protection of

Minority Shareholders in Special Transactions, and TSXV Policy 5.9 - Protection of Minority Shareholders

in Special Transactions. However, the exemptions from formal valuation and minority approval

requirements provided for by these guidelines can be relied upon because neither the fair market value of

the Related Party Warrants nor the fair market valu e of the consideration paid for the Related Party

Warrants exceeds 25% of the market capitalization of the Company. A material change report in respect

of this related party transaction will be filed by th e Company. The extension of the Warrants would only

be effective upon Exchange approval.

Holders of Warrants will not receive an amended Warrant certificate, and will be required to submit their

original Warrant certificate in order to exercise Warrants.

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 responsibility for the adequacy or the

accuracy of this release