Garibaldi Completes Review

Garibaldi Completes Review

TSXV: GGI

OTC: GGIFF

Frankfurt: RQM

VANCOUVER, BC

,

Oct. 12, 2021

/CNW/ - Garibaldi Resources Corp. (TSXV: GGI) (the "Company"

or "Garibaldi") wishes to inform shareholders that on

September 23, 2021

the Corporate Finance

Department of the BCSC selected Garibaldi Resources for a mining disclosure review. "The purpose

of our review is to assess selected aspects of the Company's mining technical disclosure for

compliance with the requirements of NI 43-101 standards of disclosure for mineral projects. Our

review is not comprehensive and the company should not assume or represent that the Commission

is providing an opinion or an endorsement of the Company's overall compliance or non-compliance."

The review detailed the following Technical Disclosure issue: Qualified Person

Mr.

Jeremy Hanson

has been a registered P.Geo. since

August 22, 2017

. Based on this Mr. Hanson

does not have the required 5 years of P.Geo. experience to meet the interpreted definition of a

qualified person under NI-43-101.

At the request of the BCSC, the Company engaged Mr.

James M. Hutter

, P,Geo., a Qualified

Person as defined in NI 43-101 to review and approve all written disclosure including news releases,

technical material, and pertinent sections of MD&A's that were previously approved by Mr.

Jeremy

Hanson

between

February 2019

and September 2021.Mr Hutter has completed the review and

approved of all the technical disclosure relating to the relevant period.

Mr. Hutter has been working independently with Garibaldi Resources Corp. since 2017. He is

intrinsically familiar with the Company's technical material and mineral exploration programs as he

has served as Senior Geologist and Mine Manager for the Company. Mr. Hutter has 29 years of

professional experience and is a registered member in good standing with the Engineers &

Geoscientists BC.

In reference to the review by the BCSC, Garibaldi's geological team of six Professional

Geoscientists had over 100 years of experience, all were understood to have the required

experience to act as a Qualified Person. When our good friend and VP of Exploration Everett

Makela passed away in 2019,

Jeremy Hanson

transitioned into the role of VP of Exploration and

Qualified Person. It was misunderstood that the required five years of relevant experience required

started at the date of P,Geo. registration. We apologize to our shareholders for the confusion, but

also wish to emphasize that our team of professionals provided layers of oversight dedicated to the

highest standards of disclosure.

Qualified Person

James M Hutter, P, Geo. and a Qualified Person as defined by NI- 43-101, has supervised the

preparation of and reviewed and approved of the disclosure of information in this news release.

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

British Columbia

and Mexico. 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:

https://www.prnewswire.com/news-releases/garibaldi-completes-review-301398810.html

SOURCE

Garibaldi Resources Corp.

View original content:

http://www.newswire.ca/en/releases/archive/October2021/12/c1806.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 23:41e 12-OCT-21