Garibaldi Closes $13 Million Financing

Garibaldi Closes $13 Million Financing

TSXV: GGI

OTC: GGIFF

Frankfurt

: RQM

VANCOUVER

,

May 7, 2018

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

an over-subscribed non-brokered private placement with strategic investors for gross proceeds of

$13,052,772

(CDN). The flow-through

financing was priced at

$3.35

per share (see

April 17, 2018

news release).

The Company will issue a total of 3,896,350 shares. All shares from the private placement are subject to a four-month hold period from the date

of issuance. A finder's fee commission of

$150,388.63

was paid 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 in the prolific

Eskay

Camp

.

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 richest mining regions of

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-closes-13-million-financing-300643438.html

SOURCE

Garibaldi Resources Corp.

View original content: http://www.newswire.ca/en/releases/archive/May2018/07/c7949.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 08:00e 07-MAY-18