Garibaldi Corporate Update

GARIBALDI RESOURCES CORP.

1150 - 409 Granville Street

Vancouver, BC V6C 1T2

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

September 28, 2023 TSXV: GGI

OTC: GGIFF

Frankfurt: RQM

GARIBALDI CORPORATE UPDATE

Vancouver, British Columbia – September 28, 2023 - Garibaldi Resources Corp. (TSX.V: GGI) (the

"Company" or "Garibaldi") is pleased to announce the following corporate updates:

Net Smelter Return Buy Back

Garibaldi has entered into an agreement with De Coors Mining, a private company (“De Coors”) to buy

back the remaining 1% underlying Net Smelter Return (NSR) retained by De Coors, for Garibaldi’s 100%

owned Palm Springs (PSP) claim s within the 180 sq. km Eskay Claim Group in Northwest British

Columbia.

The original agreement in 2016 was subject to a 2% NSR in favor of De Coors which Garibaldi could

purchase half of (1%) at any time for $1 million CDN.

The Company has signed an amended agreement to issue De Coors 500,000 common shares of Garibaldi

over 5 year s and doubled the purchase price of the original 1% NSR to $2 million CDN payable at any

time, leaving Garibaldi with the exclusive option to reduce the NSR on the Palm Spring Claims to 0%.

Advisory Board

Garibaldi is pleased to announce the appointment of Mr. Sylvain LePage, an accomplished businessman,

to the Company’s advisory board. Mr. L ePage has over 35 years of experience in management,

marketing, sales and development across various sectors in the Province of Quebec. In consideration, for

his services as an advisory board member, the Company has granted Mr. LePage 500,000 stock options

exercisable at a price of $0.45 per share for five (5) years. The stock options are granted pursuant to the

Company’s Equity Incentive Plan and will be subject to applicable regulatory hold periods.

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 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.