Mr. J. Frank Callaghan reports

GOLDEN CARIBOO RESOURCES INCREASES PRIVATE PLACEMENT AND ANNOUNCES TRANCHE TWO CLOSING DETAILS

Golden Cariboo Resources Ltd. has increased the size of the non-brokered private placement announced June 17, 2026, to up to $2-million. The offering will now consist of up to 25 million units at a price of eight cents per unit. Each unit will consist of one common share and one share purchase warrant. Each warrant is exercisable for a period of five years from the closing date at exercise prices as follows: 12 cents in Year 1, 15 cents in Year 2, 18 cents in Year 3, 21 cents in Year 4 or 25 cents in Year 5.

The company will be closing Tranche 2 for $854,000 through the issue of 10,675,000 units at a price of eight cents per unit. Each unit consists of one common share and one share purchase warrant. Each warrant is exercisable for a period of five years from the July 29, 2026, closing date at exercise prices as follows: 12 cents in Year 1, 15 cents in Year 2, 18 cents in Year 3, 21 cents in Year 4 or 25 cents in Year 5. Proceeds for Tranche 1 and Tranche 2 combined are $1,564,800. The proceeds from the private placement will be used for general working capital and continued property exploration. The private placement remains open.

All securities from the private placement will be subject to a four-month-and-one-day hold period. In connection with the private placement, certain eligible persons (finders) will be paid commissions in accordance with the policies of the Canadian Securities Exchange. Commission for Tranche 2 will be $40,640 and 508,000 finder warrants exercisable for a period of five years from the July 29, 2026, closing date at exercise prices as follows: 12 cents in Year 1, 15 cents in Year 2, 18 cents in Year 3, 21 cents in Year 4 or 25 cents in Year 5.

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 Development, partly intertwined with it at the northern end of the Cariboo gold project, and located along a favourable corridor adjacent to the Spanish and Eureka thrust faults over a 94,899-hectare (234,501-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 metres (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 kilometres (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 in Uzbekistan and Bendigo in Australia.

We seek Safe Harbor.