Garibaldi arranges $10 million financing

Garibaldi arranges $10 million financing

TSXV: GGI

OTC: GGIFF

Frankfurt

: RQM

VANCOUVER

,

April 17, 2018

/CNW/ - Garibaldi Resources (TSX.V: GGI) (the "Company" or "Garibaldi") is pleased to announce a non-brokered

private placement to raise gross proceeds of up to

$10,050,000

(CDN). The flow-through financing, expected to close shortly, is priced at

$3.35

per

share and is being subscribed for by strategic investors.

The Company will issue a total of 3,000,000 shares. All shares from the private placement are subject to a four-month hold period from the date of

issuance. The financing will include finder's fee commissions on a portion of the placement and is subject to TSX Venture approval.

Proceeds from the financing will be used to further advance the Company's 100%-owned E&L Nickel Mountain Project and other

British Columbia

properties.

About Garibaldi

Garibaldi Resources Corp. is an active Canadian-based 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

Mexico

and

British Columbia

.

We seek safe harbor.

GARIBALDI RESOURCES CORP.

Per:

"Steve

Regoci"

Steve Regoci

, President

Neither

the

TSX

Venture

Exchange

nor

its

Regulation

Services

Provider

accepts

responsibility

for

the

adequacy

or

the

accuracy

of

this

release.

View original content:

http://www.prnewswire.com/news-releases/garibaldi-arranges-10-million-financing-300631032.html

SOURCE

Garibaldi Resources Corp.

View original content: http://www.newswire.ca/en/releases/archive/April2018/17/c1847.html

%SEDAR: 00004262E

For further information:

GARIBALDI RESOURCES CORP., 1150 - 409 Granville Street, Vancouver, BC, V6C 1T2, Telephone: (604) 488-

8851, Website: GaribaldiResources.com

CO: Garibaldi Resources Corp.

CNW 07:00e 17-APR-18