Golden Cariboo Resources expands private placement; closes Tranche Two

   July 24, 2026 – TheNewswire - Vancouver, B.C., Canada – Golden Cariboo Resources Ltd. (the “Company”) (CSE:GCC) (OTC:GCCFF) (WKN:A402CQ) (FSE:3TZ) has increased the size of the non-brokered private placement announced June 17, 2026 to up to $2,000,000. (the “ Offering ”). The Offering will now consist of up to 25,000,000 units at a price of $0.08 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: $0.12 in year one, $0.15 in year two, $0.18 in year three, $0.21 in year four or $0.25 in year five.     The Company will be closing Tranche two for $854,000 through the issue of 10,675,000 units at a price of $0.08 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: $0.12 in year one, $0.15 in year two, $0.18 in year three, $0.21 in year four or $0.25 in year five.  Proceeds, for tranche one and two 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 a day hold period. In connection with the private placement, certain eligible persons (“ Finders ”) will be paid commissions in accordance with the policies of the CSE.

Commission for tranche two 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: $0.12 in year one, $0.15 in year two, $0.18 in year three, $0.21 in year four or $0.25 in year five.   The securities being offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “ U.S. Securities Act ”), or any of the securities laws of any state of the United States, and may not be offered or sold within the United States or for the account or benefit of U.S. persons or persons in the United States except pursuant to an exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities within the United States or to, or for the account or benefit of, U.S. persons or persons in the United States. “United States” and “U.S. person” have the meanings ascribed to them in Regulation S under the U.S. Securities Act .   About Golden Cariboo Resources Ltd.   Golden Cariboo Resources Ltd. 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 (NSE:ODV/TSXV:ODV), 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 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 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 4 kilometers (2.5 miles) northeast of, and road accessible from, Hixon in central British Columbia.