Golden Cariboo Resources private placement closes oversubscribed

August 18, 2026 – TheNewswire - Vancouver, B.C., Canada – Golden Cariboo Resources Ltd. (the “Company”) (CSE:GCC) (OTC:GCCFF) (WKN:A402CQ) (FSE:3TZ) is closing the non-brokered private placement announced June 17, 2026 (the “ Offering ” ). T ranche three will raise $515,200 through the issue of 6,440,000 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 August 20, 2026 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 all three tranches combined are $2,120,000. The proceeds from the private placement will be used for general working capital and continued property exploration.

All securities issued for tranche three are subject to a four month and a day hold period expiring December 21, 2026. 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 three will be $22,544 and 281,800 finder warrants exercisable for a period of five years from the August 20, 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. Commissions for all three tranches combined are $73,168 and 914,600 finder warrants.

The securities being issued 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 Gold Group Inc. (NSE:OGG/TSXV:OGG), 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. The Property includes the Quesnelle Quartz gold-silver deposit, which was discovered in 1865 and developed over a footprint of about 150m x 150m (< 6 acres) at the Main zone straddling Hixon Creek. Overall, 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) towards 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.