Golden Cariboo Resources Intends to Commission Independent NI 43-101 Mineral Resource Estimate for Halo and Main Zones

(TheNewswire)

March 1, 2026 - TheNewswire - Golden Cariboo Resources Ltd. GCC GCCFF
(WKN:A402CQ) (FSE:3TZ) (the “Company”) announces itsintention to commission an independent Mineral Resource Estimate(“MRE”) prepared in accordance with National Instrument 43-101Standards of Disclosure for Mineral Projects (“NI 43-101”) for theHalo and Main zones at itsQuesnelle Gold Quartz Mine property (the“Property”) located approximately 4 km northeast of Hixon in the CaribooGold District of BritishColumbia, Canada.

The proposed MRE will incorporate assay and geologicaldata from the Company’s first 28 NQ-sized surface diamond drill holescompleted and reported on the Property, togetherwith up to ninehistorical drill holes,at and adjacent to, the Main zone.

“Commissioning an independent resource estimate atthis stage reflects the strength and consistency of the drillingresults we have generated to date,” stated Frank Callaghan,President of Golden Cariboo Resources. “From our very first holes,we have observed encouraging geological continuity and mineralizationacross both the Halo and Main zones. While this work remains at theexploration stage, the data density and repeatability we are seeinghave provided management with sufficient confidence to move forwardwith a formal NI 43-101 resource estimation. We believe thisrepresents an important milestone in systematically advancing theProperty.”

All drill results referenced herein have beenpreviously disclosed by the Company and are available on SEDAR+ andthe Company’s website.

The independent MRE will be prepared by a QualifiedPerson as defined under NI 43-101 and will include validation of thedrill database, geological modeling, grade estimation andclassification of the mineral resource estimate in accordance with CIMDefinition Standards.

The Company notes that undertaking a mineral resourceestimate following an initial drill campaign is not typical inearly-stage exploration. However, the consistency of geological andassay results encountered across both the Halo and Main zones has provided sufficientinformation to justify an independent technical assessment at thistime.

Importantly, Golden Cariboo’s current drillingprograms remain ongoing and are designed to continue testing the knownmineralized footprint beyond the areas contemplated for the initialMRE. Results from additional drilling may support future updates toany resource that may be estimated.

Golden Cariboo cautions investors that mineralresources are not mineral reserves and do not have demonstratedeconomic viability. The MRE will be subject to the assumptions,qualifications and limitations contained in the independent technicalreport to be filed on SEDAR+ upon completion. The Company will providefurther updates regarding the selection of the independent consultantand anticipated timing for completion of the MRE.  

The technical information in this news release has beenreviewed and approved by Jean Pautler, an independent consultant commissioned by the Company. Jean Pautler is aProfessional Geoscientist (P.Geo.), registered with the Association ofProfessional Engineers and Geoscientists of the Province of BC(“APEGBC”) and licensed by Engineers and Geoscientists BC, and isa “Qualified Person” with respect to NI 43-101.

About Golden Cariboo Resources Ltd.

Golden Cariboo Resources Ltd. is rediscovering theCariboo Gold Rush by proceeding with highly targeted drilling andtrenching programs on its Quesnelle Gold Quartz Mine property which isbordered by Osisko Development (NSE:ODV/TSXV:ODV), partly intertwinedwith them at the north end of the Cariboo Gold Project, and locatedalong a favourable corridor adjacent to the Spanish and Eureka thrustfaults over a 94,899 hectare (234,501 acre)area. Historically, over 101 placer gold creeks on the 90-kilometer(56 mile) trend, from the Cariboo Hudson mine north to the QuesnelleGold Quartz Mine property, have recorded production with successfulplacer mining continuing to this day.

Golden Cariboo’s Quesnelle Gold Quartz Mine propertyis 4 kilometers (2.5 miles) northeast of, and road accessible from,Hixon in central British Columbia. The Property includes the QuesnelleQuartz gold-silver deposit, which was discovered in 1865 and developedover a footprint of about 150m x 150m (< 6 acres) at the Main zonestraddling Hixon Creek. Overall, the geological setting of the goldmineralization at the Company’s Quesnelle Gold Quartz Mine propertyshows strong similarities with the Spanish Mountain gold deposit,situated 120 km (75 miles) towards the southeast along the samegeological trend. As a sediment-hosted vein (SHV) deposit, the SpanishMountain deposit is considered to belong to the epizonal orogenicsubclass of gold deposits which include some of the world’s largestdeposits such as Muruntau, Uzbekistan and Bendigo, Australia.

For further information please contact:

GOLDEN CARIBOO RESOURCES LTD      

“J. Frank Callaghan”       

J. Frank Callaghan, President &CEO

Tel:  604-669-6463

VISIT OUR WEBSITE FOR MOREDETAILS

www.goldencariboo.com

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Neither the “CSE” Canadian Securities Exchange norits Regulation Service Provider (as that term is defined in thepolicies of the Canadian Securities Exchange) accepts responsibilityfor the adequacy or accuracy of this release.

Cautionary Statements:

This news release containsstatements which constitute “forward-looking information” withinthe meaning of applicable securities laws, including statementsregarding the plans, intentions, beliefs and current expectations ofthe Company with respect to future business activities and plans ofthe Company. Forward-looking information is often identified by thewords “may”, “would”, “could”, “should”, “will”,“intend”, “plan”, “anticipate”, “believe”,“estimate”, “expect” or similar expressions and includesinformation regarding; the expectation that the Company will receiveall necessary exemptions and approvals to complete the Offering; theexpectation that the Company will complete the Offering on the termsdisclosed, or at all; the expectation that the proceeds will be usedfor property exploration and for general working capital; theCompany’s exploration plans with respect to its Quesnelle GoldQuartz Mine property; and the anticipated participation of the insiderin the Offering.

Such forward-looking statements arebased on a number of assumptions of management, including, withoutlimitation, that the Company will receive all necessary exemptions andapprovals to complete the Offering; that the Company will complete theOffering on the terms disclosed, or at all; that the proceeds will beused for property exploration and for general working capital; thatthe Company will have the resources required to proceed with itsexploration plans; that the Company will not run into regulatory orother barriers in carrying out its business plans; that the insiderwill participate in the Offering, on the terms and conditions and inthe amount currently expected by management; and that the Company willbe able to rely on the exemption from the formal valuation andminority shareholder approval requirements on the basisanticipated.

Additionally, forward-lookinginformation involve a variety of known and unknown risks,uncertainties and other factors which may cause the actual plans,intentions, activities, results, performance or achievements of theCompany to be materially different from any future plans, intentions,activities, results, performance or achievements expressed or impliedby such forward-looking statements. Such risks include, withoutlimitation: that the Company will not receive the necessary exemptionsand approvals to complete the Offering; that the Company will notcomplete the Offering on the terms disclosed, or at all; that theCompany will be unable to use the proceeds for property explorationand for general working capital; that the Company may incurunanticipated costs; that the Company may not have the resourcesrequired to pursue its exploration plans; that the Company’soperations could be adversely affected by possible future governmentlegislation policies and controls or by changes in applicable laws andregulations; that the insider may not participate in the Offering onthe terms and conditions and in the amount currently expected bymanagement, or at all; and that the Company may not be able to rely onthe exemption from the formal valuation and minority shareholderapproval requirements on the basis currently expected. Suchforward-looking information represents management’s best judgmentbased on information currently available. No forward-looking statementcan be guaranteed and actual future results may vary materially.Accordingly, readers are advised not to place undue reliance onforward-looking statements or information. Neither the Company nor anyof its representatives make any representation or warranty, express orimplied, as to the accuracy, sufficiency or completeness of theinformation in this news release. Neither the Company nor any of itsrepresentatives shall have any liability whatsoever, under contract,tort, trust or otherwise, to you or any person resulting from the useof the information in this news release by you or any of yourrepresentatives or for omissions from the information in this newsrelease.

The forward-looking statementsherein speak only as of the date they were originally made. TheCompany has no intention and undertakes no obligation to update orrevise any forward-looking statements, whether as a result of newinformation, future events or otherwise, except as required bylaw.

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