Private Placement Update

GARIBALDI RESOURCES CORP.

1150 - 409 Granville Street

Vancouver, BC V6C 1T2

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

August 15, 2017 TSXV: GGI

OTC: GGIFF

Frankfurt: RQM

PRIVATE PLACEMENT UPDATE

Vancouver, British Columbia, August 15, 2017 - Garibaldi Resources TSX.V: GGI) (the “Company” or

“Garibaldi”), further to its news release of Au gust 14, 2017, the Co mpany announces that the private

placement is revised as follows;

Garibaldi will issue up to 2,032,000 units at $0.46 pe r unit to raise gross proceeds of up to $934,720.

Each unit consists of one common share in the cap ital of the Company and one non-transferable share

purchase warrant. Each warrant is exercisable into one common share at a price of $.60 for a period of

two years. The Company may pay a 7% finders' fee in cash on a portion of the proceeds.

The proceeds will be used for the Company's exploration programs as well as general working capital

purposes.

About Garibaldi

Garibaldi Resources Corp. is an ac tive 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 Mexico and British Columbia.

We seek safe harbor.

GARIBALDI RESOURCES CORP.

Per: "Steve Regoci"

Steve Regoci, President

Neither the TSX Venture Exchange nor its Regulation Services Provider acce pts responsibility for the

adequacy or the accuracy of this release.