GGI.V · 2020-09-22 12:00:00

Garibaldi Expands Casper Quartz Gold Vein Over 120 Meters Selected Grab Sample with Visible Gold Returns 249 g/t

Drill Results Exploration Programs Sampling & Geoscience Results

Garibaldi Expands Casper Quartz Gold Vein Over 120 Meters Selected Grab

Sample with Visible Gold Returns 249 g/t

TSXV: GGI

OTC: GGIFF

Frankfurt: RQM

VANCOUVER, BC

Sept. 22, 2020

/CNW/ - Garibaldi Resources (TSXV: GGI) (the "Company" or "Garibaldi") is pleased to report on developments including new

assay results from the "Casper" high-grade gold quartz vein discovery 13 km north of the Company's flagship E&L nickel-copper-cobalt massive sulphide project in

NW British Columbia

. In addition to E&L and Casper, Garibaldi owns a 100% interest in over 180 sq. kms of highly prospective mineral claims in the heart of the

historic Eskay camp, one of the richest mineral districts in the Province.

Garibaldi's Casper gold vein is a strategic low elevation target (420 meters) within a km of road access and hydroelectric power. It is located 15 km west from

Garibaldi's 1,500 hectare "Eskay North" gold prospect which borders the historic past producing

Eskay Creek

mine now being redeveloped.

Discovering a high-grade gold prospect proximal to the E&L project, is a tactical bonus allowing field crews to maintain productivity by accelerating surface

exploration at Casper during weather delays on top of Nickel Mountain.

For a summary of results from earlier backpack drilling, initial channel samples and grab samples, see Feb.28, 2020 news release announcing the discovery.

Exploration progress at the Casper gold quartz vein system in 2020 are as follows:

Highlights:

Field crews have collected 165 samples within 250 meters north of and 250 meters south of the NW-SE striking Casper vein with grades reaching as high as

249 g/t gold, 13 returned grades exceeding 10 g/t, and 23 samples with greater than 1 g/t gold (Table 1);

Mechanical trenching at the Casper gold quartz vein has further uncovered the high-grade vein over more than 120 meters, from the initial 43 meters of hand

trenching exposing the discovery;

The quartz vein remains open with mineralized rock samples extending along trend for 330 meters within a 500 meter gold-in-soil and MMI geochemical

anomaly;

Four new mineralized veins have been discovered this season most notably one 44 metres downslope from the main vein which like the Casper vein also

contains visible gold and returned 76.9 g/t Au;

The quartz vein sulphides include chalcopyrite, galena, pyrrhotite, pyrite and arsenopyrite with native gold. This discovery occurs along the robust and under-

explored McLymont Creek structural corridor;

Garibaldi has completed 86 unbiased channel samples spaced 1 meter apart throughout exposed sections of the Casper vein – assays pending. This latest

round of channel sampling will aid in drill hole planning and additional trenching to be completed this year.

Jeremy Hanson

, Garibaldi VP-Exploration, stated: "Even at this early stage, it's remarkable to see such consistent elevated gold grades in a quartz vein extending

more than 120 meters that remains open. The recent discovery of additional mineralized veins is extremely encouraging, especially with visible gold. Casper is

certainly living up to the enthusiasm generated by its initial discovery"

The discovery of the high-grade Casper gold quartz vein close to our nearby base camp is already proving to be an advantage in deploying our field crews in the

Eskay camp. Along with very promising results, this has contributed to accelerating the advancement of the Casper prospect to a planned drill stage sooner than

expected.

2020 Casper Rock Grab Sample Highlights

Sample

Easting

Northing

Au g/t

Ag g/t

Cu ppm

Pb ppm

Zn ppm

E00051571

397437

6284614

249.00

2854

5921

E00053949

397438

6284683

76.90

531

E00051576

397480

6284550

75.30

2786

6964

F00066204

397438

6284683

70.15

250

E00051572

397437

6284614

60.61

1600

2467

E00051577

397437

6284614

58.40

3832

4057

F00066207

397438

6284683

47.69

235

F00066206

397438

6284683

31.82

238

E00051593

397378

6284674

27.70

4667

1383

117

E00051579

397459

6284686

21.90

E00051581

397442

6284675

13.37

148

F00066072

397407

6284654

12.80

10624

2865

207

F00066209

397399

6284709

5.80

125

E00051582

397442

6284675

5.21

143

E00053945

397459

6284686

5.00

743

E00053939

397561

6284652

4.20

235

E00051580

397459

6284686

3.40

189

E00051934

397485

6284538

3.22

4688

182

F00069957

397345

6284663

2.60

4148

117

129

F00069956

397345

6284663

1.60

3782

100

E00053944

397459

6284686

1.50

E00053942

397340

6284767

1.20

E00051575

397432

6284601

1.09

2858

105

110

Grab samples are selected samples and are not necessarily representative of the mineralization hosted on the property

Casper Map

See

www.garibaldiresources.com

for the latest Casper map displaying high grade gold samples, mineralized quartz veins and geochemical anomalies

Quality Assurance/Quality Control (QA/QC)

All field sample batches included 5% QA/QC samples consisting of certified blanks, standards and field duplicates. Multiple certified ore assay laboratory

standards and one blank standard were used in the process. Samples for Casper were submitted to SGS Canada Inc. In

Burnaby, British Columbia

, an ISO

9001: 2008 certified lab, for base metal, sulphur and precious metal analysis using Inductivity Coupled Plasma (ICP), and Fire Assay (FA) methods.

Samples were prepared by crushing the entire sample to 75% passing 2mm, riffle splitting 250g and pulverizing the split to better than 85% passing 105 microns.

Gold was analyzed using a 50-gram fire assay and ICP-AES, or metallic screen for coarse gold. Samples with coarse visible gold are subject to the nugget

effect, may be difficult to reproduce or duplicate and may not be indicative of the overall mineralization of the vein. Samples with visible gold were analyzed using

the Metallic Screen method where a minimum 500 gram sample is crushed and separated into two batches. A Minus batch with particles less than 106 microns,

and a Plus batch with particles greater than 106 microns. Both batches of the sample are analyzed with a fire assay and finished with AAS, ICP-OES or

gravimetric depending on grade. A final weighted average is calculated from the two portions.

The performance on the blind standards, blanks and duplicates achieved high levels of accuracy and reproducibility and has been verified by

Jeremy Hanson

, a

qualified person as defined by NI-43-101.

All coordinates given in this document are in WGS 84 UTM Zone 9 North

Qualified Person & Data Verification

Jeremy Hanson

, P.Geo., VP Exploration Canada for the Company 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. Mr. Hanson has verified the data, including drilling, sampling, test and recovery data,

by supervising all of such procedures. There are no known factors that could materially affect the reliability of data collected and verified under his supervision. No

quality assurance/quality control issues have been identified to date.

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:

http://www.prnewswire.com/news-releases/garibaldi-expands-casper-quartz-gold-vein-over-120-meters-selected-grab-sample-with-visible-gold-returns-249-gt-301135483.html

SOURCE

Garibaldi Resources Corp.

View original content:

http://www.newswire.ca/en/releases/archive/September2020/22/c1315.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 07:30e 22-SEP-20

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