$700,000 Financing

Core Viewpoint - Golden Cariboo Resources Ltd. has announced a non-brokered private placement offering of units for gross proceeds of up to $700,000, aimed at funding general working capital and continued property exploration [1][2]. Group 1: Private Placement Details - The private placement will consist of up to 8,750,000 units priced at $0.08 per unit, with each unit comprising one common share and one share purchase warrant [1]. - Each warrant is exercisable for five years at varying prices: $0.12 in year one, $0.17 in year two, $0.22 in year three, $0.27 in year four, and $0.30 in year five [1]. - All securities from the private placement will be subject to a four-month hold period [2]. Group 2: Use of Proceeds - Proceeds from the private placement will be allocated for general working capital and ongoing property exploration [2]. Group 3: Company Overview - Golden Cariboo Resources Ltd. is focused on the Quesnelle Gold Quartz Mine property, which is part of the historical Cariboo Gold Rush area, covering 94,899 hectares [4]. - The Quesnelle Gold Quartz Mine property is located 4 kilometers northeast of Hixon, British Columbia, and includes a gold-silver deposit discovered in 1865 [5]. - The geological setting of the property shows strong similarities to the Spanish Mountain gold deposit, which is known for being part of significant gold deposits globally [5].