GGI.V · 2017-03-10 12:00:00

Prominent nickel expert joins Garibaldi team as unique Golden Triangle deposit gains recognition

Corporate Updates

TSXV: GGI

OTC: GGIFF

Frankfurt

: RQM

VANCOUVER

March 10, 2017

/CNW/ - Garibaldi Resources (TSX: GGI) (the "Company" or "Garibaldi") is pleased to announce that internationally renowned

nickel expert Dr.

Peter Lightfoot

has joined the Company's Advisory Board as Garibaldi moves aggressively to unlock the potential of the first magmatic nickel-

copper-rich massive sulphide system in the heart of

British Columbia's

prolific Eskay mining camp.

Dr. Lightfoot, who in the summer of 2016 published the first comprehensive textbook on the ore deposits of the Sudbury Igneous Complex, enjoyed a

distinguished 20-year career as a geologist with Inco and Vale beginning in 1996. He was initially responsible for exploration at Voisey's Bay before being

appointed Chief Geologist responsible for technical aspects of exploration programs at Voisey's Bay,

Sudbury

and Thompson.

Dr. Lightfoot commented: "The opportunity at E&L comprises mineralization with unusually high nickel tenor of the sulphide and value-added copper in a mafic

intrusion that has seen minimal previous exploration. The combination of structural geology, petrology and geochemistry offer a pathway to focus the nickel-

copper exploration effort. It's a pleasure to join the team at Garibaldi, and I look forward to helping advance this exciting project."

Steve Regoci

, Garibaldi President and CEO, stated: "We are delighted to have Dr. Lightfoot join our Advisory Board. His expertise will provide highly valued input

as we aim to uncover a much larger and even richer deposit at the E&L. His addition underscores our extraordinary team of nickel sulphide specialists led by our

new directors,

Everett Makela

, P.Geo., VP Exploration Canada, and Dr.

Raymond Goldie

. We continue to consult with industry leaders as we progress with

geophysical surveys in advance of a planned 2017 drill program for what we believe is the most compelling project of its kind in

Canada

right now."

Dr. Lightfoot - Additional Background

Dr. Lightfoot received his B.A. in Earth Sciences from Oxford in 1980, his M.Sc. degree from the

University of Toronto

in 1982, and his Ph.D from the Open

University (U.K.) in 1985. Following post-doctoral studies at the

University of Toronto

, he began a 10-year career with the Ontario Geological Survey in 1987 and

worked extensively on the geology and geochemistry of

Sudbury

and Noril'sk before joining Inco in 1986.

At the beginning of 2017, Dr. Lightfoot was appointed as the Hutchinson Visiting Industry Professor at the University of Western Ontario. He is now an

independent consultant to the minerals industry. His company, Lightfoot Geoscience Inc., provides consulting services to companies exploring for and developing

nickel-copper-cobalt-platinum group element sulphide and laterite ore deposits.

E&L Geologic Model

Further to Garibaldi's

February 28, 2017

news release, to view the first images of the E&L geologic model please visit the E&L section at the Company's website

or the following URL's:

http://www.garibaldiresources.com/i/pdf/1GGI_EL_Fig1_NiMtn_withGeophys_andInset.pdf

http://www.garibaldiresources.com/i/pdf/1GGI_EL_Fig2_Geophys.pdf

http://www.garibaldiresources.com/i/pdf/1GGI_EL_Fig3_Q.pdf

E&L Fact Sheet

To view the latest E&L Fact Sheet, please visit the Garibaldi homepage or the following URL:

http://www.garibaldiresources.com/i/pdf/GGI_EL_Project_Fact_Sheet_2017.pdf

Garibaldi's Eskay Camp Holdings Exceed 200 Sq. Km (E&L, PSP, King)

Garibaldi's 100%-owned E&L Project anchors a series of highly prospective targets within the Company's expanded holdings of just over 200 sq. km covering

three projects in the heart of the Eskay Camp. The zinc-rich

Brass Hill

target (see

October 28, 2016

news release) approximately 2.7 kilometers northeast of the

E&L deposit at E&L East is one of a number of sulphide and precious metal occurrences that were sampled last summer. Updates on the PSP, adjacent and

contiguous to

Eskay Creek

, and the King will be provided soon.

Forward-Looking Statements

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts

responsibility for the adequacy or accuracy of this release. This news release includes certain "forward-looking statements" which do not comprise historical

facts. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect

that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes",

"anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future

events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to

the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with

forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by

such forward-looking information

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

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 accepts responsibility for the adequacy or the accuracy of this release.

SOURCE

Garibaldi Resources Corp.

To view the original version on PR Newswire, visit: http://www.newswire.ca/en/releases/archive/March2017/10/c6074.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 07:00e 10-MAR-17

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