Mr. Frank Callaghan reports

GOLDEN CARIBOO COMPLETES PROPERTY PURCHASE FOR CAMP IN HIXON, B.C. TO SUPPORT YEAR-ROUND EXPLORATION

Golden Cariboo Resources Ltd. has completed the purchase of a property located in Hixon, B.C., which was the subject of its May 19, 2026, news release. The 5.36-acre freehold property comprises two adjacent lots situated on Highway 97 and has been acquired for a total purchase price of $300,000. The company now holds title to the property.

The acquisition represents a key investment in the company's operational readiness and long-term capacity. The Hixon-based camp will play an important role in supporting continuous exploration and development activities at Golden Cariboo's nearby Quesnelle gold quartz mine property, enabling the company to operate 12 months a year. The company has mobilized its Atco 5 unit skid-mounted trailers to the camp, to provide near future accommodation and operational support infrastructure for field personnel and contractors.

Company president and chief executive officer J. Frank Callaghan stated: "Being able to work 12 months a year sets Golden Cariboo apart from many peer group companies. This acquisition will support those efforts and the company's focus on building upon and expanding its inaugural NI 43-101 mineral resource estimate announced on Sept. 30, 2026."

Water studies, permitting and engineered plans are currently in progress to assist with the installation of camp infrastructure. Aqua Tech Ltd. from Kelowna and Western Water Associates Ltd. out of nearby Prince George have been on site to complete water testing and water quality analysis, which includes review by Northern Health. Results are pending. Either the existing water licence at the camp will be transferred to the company or a new licence may need to be applied for. Additionally, Golden Cariboo has engaged with Prince George based L&M Engineering Ltd. to complete engineering plans and permitting for either an upgraded or new septic system to support the camp. This work ensures the site will be fully functional and compliant with applicable regulations.

About Golden Cariboo Resources Ltd.

Golden Cariboo Resources is rediscovering the Cariboo Gold Rush by proceeding with highly targeted drilling and trenching programs on its Quesnelle gold quartz mine property, which is bordered by Osisko Gold Group Inc., partly intertwined with them at the north end of the Cariboo gold project, and located along a favourable corridor adjacent to the Spanish and Eureka thrust faults over a 96,183-hectare (237,673-acre) area. Historically, over 101 placer gold creeks on the 90-kilometre (56-mile) trend, from the Cariboo Hudson mine north to the Quesnelle gold quartz mine property, have recorded production with successful placer mining continuing to this day.

Golden Cariboo's Quesnelle gold quartz mine property is four kilometres (2.5 miles) northeast of, and road accessible from, Hixon in central British Columbia. The property includes the Quesnelle quartz gold-silver deposit, which was discovered in 1865 and developed over a footprint of about 150 metres by 150 m (less than six acres) at the Main zone straddling Hixon Creek. Over all, the geological setting of the gold mineralization at the company's Quesnelle gold quartz mine property shows strong similarities with the Spanish Mountain gold deposit, situated 120 km (75 miles) toward the southeast along the same geological trend. As a sediment-hosted vein (SHV) deposit, the Spanish Mountain deposit is considered to belong to the epizonal orogenic subclass of gold deposits which include some of the world's largest deposits such as Muruntau, Uzbekistan, and Bendigo, Australia.

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