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Garibaldi Resources Corp. Announces Shareholder Re-Approval of its 2023 Equity Incentive Plan

Share Capital & Compensation

GARIBALDI RESOURCES CORP.

1150 – 409 Granville Street

Vancouver, BC V6C 1T2

Telephone: (604) 488-8851 Website: GaribaldiResourcesCorp.com

TSXV: GGI

OTC: GGIFF

Frankfurt: RQM

Garibaldi Resources Corp. Announces Shareholder Re-Approval of its 2023 Equity Incentive

Plan

Vancouver, British Columbia, January 3, 2025 – Garibaldi Resources Corp. (TSXV: GGI) (the “Company”)

is pleased to announce that, at the Company’s annual general and special meeting held on December 30,

2024, the shareholders approved the entire agenda in the Notice of Meeting, including the re-approval of

the Company’s 2023 equity incentive plan (the “ Plan”). The Plan is a 10% rolling plan for stock options

whereby the aggregate number of common shares (each, a “ Share”) reserved for issuance, together with

any other Shares reserved for issuance under any other plan or agreement of the Company, shall not exceed

ten (10%) percent of the total number of issued Shares (calculated on a non-diluted basis) at the time an

option is granted and a fixed plan of 13,740,285 common shares for performance-based awards of restricted

share units, performance share units and deferred share units. The TSX Venture Exchange requires the

Company to receive shareholder approval of the 10% ro lling portion of the Plan on a yearly basis at the

Company’s annual meeting. Accordingly, the Compan y’s shareholders will be asked to re-approve the

Plan each year. The Plan, as approved by shareholders at the Meeting, remains subject to final approval of

the Exchange.

A copy of the Plan was appended to the Company’s management information circular dated November

28, 2023, and is available under the Company’s profile on SEDAR+ at www.sedarplus.ca.

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.

GARIBALDI RESOURCES CORP.

Per: “Steve Regoci”

Steve Regoci, Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Serv ices Provider accepts responsibility for the adequacy or

the accuracy of this release.

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