May 19, 2026 – Golden Cariboo Resources Ltd. (the “Company”) announces that it has signed a purchase contract on a property in Hixon, British Columbia to be used as camp location to support the advancement of the nearby Quesnelle Gold Quartz Mine Property. The freehold fee simple purchase is for a 5.36 acre property with direct access to Highway 97. The purchase price is $300,000CAD, with a $50,000 deposit paid and $250,000 due on or before October 30, 2026. The non-refundable deposit allows possession of the property prior to completion. The Company’s plans for this location include the setup of an Atco 5 Unit Skid-Mounted Mobile Camp.The Company also announces the completion of QGQ26-30 which was drilled to a depth of about 402m (1,319ft) at an orientation of 270°/-54° to target the western contact of the Halo zone from the same pad as QGQ26-29. The recently completed hole ended in favourably altered volcanics approximately 235m (771ft) horizontal distance west of its collar. Core logging is in progress.
QGQ26-31 commenced drilling this week about 70m (230ft) north of QGQ26-30 and is also engaged with targeting the western contact of the Halo Zone. Updates will be provided as available.
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. 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.
For further information please contact:
GOLDEN CARIBOO RESOURCES LTD
“J. Frank Callaghan”
J. Frank Callaghan, President & CEO
Tel: 604-669-6463
