Garibaldi Corporate Update

GARIBALDI RESOURCES CORP.

1150 - 409 Granville Street

Vancouver, BC V6C 1T2

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

November 1, 2023

TSXV: GGI

OTC: GGIFF

Frankfurt: RQM

GARIBALDI CORPORATE UPDATE

Vancouver, British Columbia – November 1, 2023 - Garibaldi Resources Corp. (TSX.V: GGI)

(the “Company” or “Garibaldi”) announces that, further to its News Release of September 28,

2023, it has received final approval from the TSX Venture Exchange to the restated amending

agreement (the “ Amending Agreement”) with DeCoors Mining Corp. (“ DeCoors”) amending

the buyback acquisition of the 2.0% Net Smelter Return royalty (the “ NSR”) payable on the

Company’s Palm Springs claims (the “ Property”) located in northwestern British Columbia.

Pursuant to the terms of the Amending Agreem ent, the Company may acquire a 1.0% NSR on

the Property by issuing 500,000 common shares (each, a “ Share”) of the Company over a 4-year

period. The Company may acquire the remaining 1.0% NSR by making a cash payment of

$2,000,000.

On October 30, 2023, the Company issued 100,000 S hares to DeCoors. The Shares are subject to

a statutory hold period expiring four months and one day after issuance of the Shares.

About Garibaldi

Garibaldi Resources Corp. is an active Canadian- based junior exploration company focused on

creating shareholder value throug h discoveries and strategic development of its assets in some

of the most prolific mining regions of British Columbia and Mexico.

We seek safe harbour.

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.