Garibaldi'S Nickel Mountain Drill Program Underway

GARIBALDI'S NICKEL MOUNTAIN DRILL

PROGRAM UNDERWAY

TSXV: GGI

OTC: GGIFF

Frankfurt: RQM

VANCOUVER, BC

,

July 28, 2022

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

Company

" or

"

Garibaldi

") is pleased to announce that ground crews have completed preparations for diamond

drilling which is now underway at the Company's 100% owned E&L nickel-copper-cobalt project on

Nickel Mountain in the Eskay Camp of

Northwest British Columbia

.

2022 Drill Plan Objectives

The 2022 drill program will test the targets generated from the 2021 Geotech deep penetrating

ZTEM survey. The Ztem survey identified a number of robust new electro-magnetic (EM)

responses. These rise from depth to near surface VTEM conductors that coincide with the

location of mineralized zones previously drilled and/or prospected, this especially supportive

outcome aided drill target selection.

The targets at E&L are within a plane that contains both the peak ZTEM response, the chaotic

mafic-ultramafic rock assemblage of the differentiated intrusion, and the massive and

disseminated sulphide zones. Two drill holes have been designed to undercut the E&L intrusion

in the plane of the intrusion at least 100 meters below existing drill holes. These holes will

directly test the cause of the ZTEM anomalies, test the root of the intrusion, and provide a

platform for bore-hole electromagnetic surveys.

A third hole is designed to evaluate the magnetic and conductive source of boulders of taxitic

and orbicular-textured olivine gabbro with up to 0.88% nickel and elevated sulphide nickel tenor

located 1 km west of E&L.

Exploration plans include drilling the B1 (white Fox) target where near surface conductivity is

coincident with gabbroic rocks containing excess sulphide-controlled nickel above an intense

ZTEM response which extends the potential to depth.

The first set of primary targets, will be tested by bore hole electromagnetic methods to survey

around each hole.

Jeremy Hanson

, Garibaldi's VP Exploration, stated "We are very excited about our 2022 drilling

targets. After numerous successful drill campaigns and deep penetrating geophysical surveys, we

are very focused on some key areas and targets. 2022 should be an exceptional year for Nickel

Mountain."

Steve Regoci

, Garibaldi CEO, stated: "Nickel Mountain keeps raising our expectations for the

potential of the mineralized system, the geophysical survey results indicate a base metal corridor,

impressive in size and metal content. We are looking forward with great anticipation to our 2022 drill

program."

Nickel Mountain Drilling Plan & Sections Maps

See

www.garibaldiresources.com

.

Qualified Person & Data Verification

James Hutter

, P.Geo., 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.

SOURCE

Garibaldi Resources Corp.

View original content:

http://www.newswire.ca/en/releases/archive/July2022/28/c4951.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 08:30e 28-JUL-22