January 3, 2025

Vancouver, Canada – Golden Cariboo Resources Ltd. (the “Company”) (CSE:GCC) (OTC:GCCFF) (WKN:A042CQ) (FSE:3TZ) announces a non-brokered private placement financing (the “Offering”) of up to 15,000,000 units (the “Units”) at a price of $0.13 per Unit to raise gross proceeds of up to $1,950,000. Each Unit will consist of one common share in the capital of the Company (a “Common Share”) and one half of one share purchase warrant (a “Warrant”); Two half Warrants will equal one full share purchase Warrant, exercisable for a period of 3 years from the closing date, at exercise prices as follows: $0.18 in year one, $0.22 in year two, and $0.25 in year three.

The private placement is subject to Canadian Securities Exchange (“CSE”) approval and all securities are subject to a four-month hold period. Finder’s fees may be payable in connection with the private placement, all in accordance with the policies of the CSE. The proceeds from this private placement will be used for continued property exploration and for general working capital.