Golden Cariboo Resources Reports Significant Gold Intercept at Quesnelle Property

Golden Cariboo Resources Ltd. has announced drill results from its Quesnelle Gold Quartz Mine property in British Columbia, intersecting 0.56 grams per tonne gold over 99.84 meters in drill hole QGQ25-23. This intercept includes a higher-grade section of 1.00 g/t gold over 40.56 meters, with a narrower interval showing 9.99 g/t gold over 1.92 meters. The company noted that gold grades have been capped at 10 g/t for reporting purposes.

Additional drilling encountered intermittent anomalous gold mineralization in holes QGQ24-21 and QGQ25-24, though these were terminated early due to mechanical issues. Drill hole QGQ25-22 was also terminated early due to excessive deviation and yielded no significant results. All completed holes ended within anomalous intersections, according to the company's technical reporting.

The ongoing fall drilling program is testing north of the Halo zone, with drill hole QGQ25-28 currently in progress. The company is targeting areas proximal to the greenstone and argillite inferred contact to vector into further mineralization to the north. The Quesnelle Gold Quartz Mine property is located 4 kilometers northeast of Hixon in central British Columbia and is road accessible.

Quality assurance and quality control procedures included blanks, standards and coarse reject duplicates constituting 5% of total samples. All drilling utilized NQ core that was logged and sampled by company geologists based on lithology, alteration and mineralization. Samples were generally taken in 0.5 to 2-meter lengths, split in half, and shipped from the company's secure drill compound at Hixon.

Drill core samples were sent to ALS Canada Ltd.'s laboratory in North Vancouver, with gold analysis conducted at their Thunder Bay facility using PhotonAssay™ technology. This method uses 400-500 gram subsamples, providing a more thorough assessment of gold distribution in coarse gold settings characteristic of the Halo zone, where nugget effects can impact conventional assay results. The ALS facilities are accredited to ISO 17025 standards and are independent from the company.

Samples were also analyzed for 36 elements by aqua regia digestion with inductively coupled plasma atomic emission spectroscopy finish at the North Vancouver facility. The technical information in the announcement has been reviewed and approved by Jean Pautler, a Professional Geoscientist registered with the Association of Professional Engineers and Geoscientists of British Columbia and a Qualified Person under NI 43-101 standards.

The geological setting of gold mineralization at the Quesnelle property shows strong similarities with the Spanish Mountain gold deposit located 120 kilometers southeast along the same geological trend. As a sediment-hosted vein deposit, Spanish Mountain is considered part of the epizonal orogenic subclass that includes some of the world's largest deposits such as Muruntau in Uzbekistan and Bendigo in Australia.

The property is bordered by Osisko Development and located along a favorable corridor adjacent to the Spanish and Eureka thrust faults over a 94,899 hectare area. Historically, over 101 placer gold creeks along the 90-kilometer trend from the Cariboo Hudson mine north to the Quesnelle property have recorded production, with successful placer mining continuing to present day.