GCC - Golden Cariboo Intercepts 0.29 g/t Gold over 263.10m (863.2 ft) Including New Zone of 0.68 g/t Gold over 41.85m (137.3 ft) in QGQ24-08

(TheNewswire)

June 18, 2024 – TheNewswire - V ancouver, Canada –Golden Cariboo Resources Ltd. (the “Company”) (CSE:GCC)(OTC:GCCFF) (WKN:A042CQ) (FSE:3TZ) is pleased to announce additionalencouraging results from hole QGQ24-08 (See June 11, 2024 NewsRelease) at the North Hixon zone on its Quesnelle Gold Quartz MineProperty (the “Property”) near Hixon,British Columbia. Two distinct gold-bearing zones are evident within abroad gold anomalous zone as shown in the table below. The new resultsare shown in bold. The overall result includes both the zonepreviously released and the new results. All intercepts to date areincluded in a table on the Company’s website atwww.goldencariboo.com.

Significant QGQ22-08 Results

*  Intercepts have an estimated true width of 50% ofthe down hole interval.

^  Gold grades have been capped at 10 g/t (“gramsper tonne”).

New Results in Bold.

Gold mineralization is associated with quartz,±carbonate, veins, pyrite and faults within what appears to be amoderately steep, southeast trending structural zone hosted by asequence of fine clastic metasedimentary rocks, proximal to thecontact with the intermediate to mafic metavolcanic rocks, at theNorth Hixon zone. The zone constitutes a blind discovery encounteredat the bottom of QGQ24-01, while attempting to intersect the source ofmagnetite-pyrite bearing float which contained 9.8 g/t Au.

Company president and CEO, J. Frank Callaghan stated“This new 263.10m (863.2ft) blind discovery represents a newmineralized trend on the Quesnelle Gold Quartz Mine Property. This istruly a significant intercept in greenfield exploration.”

Logging and sampling of QGQ24-08 are complete down tothe hole’s final depth of 712.01m, with assays pending below324.96m.

The technical information in this news release has beenreviewed by Jean Pautler, P.Geo., a qualified person with respect toNI 43-101.

About Golden Cariboo Resources Ltd.

Golden Cariboo Resources Ltd. is rediscovering theCariboo Gold Rush by proceeding with highly targeted drilling andtrenching programs on its Quesnelle Gold Quartz Mine Property which isalmost fully encircled on 3 of 4 sides by Osisko Development(NSE-ODV/TSXV-ODV). Historically, over 101 placer gold creeks on the90 km trend from the Cariboo Hudson mine north to the Quesnelle GoldQuartz Mine Property have recorded production and successful placermining continues to this day.

Golden Cariboo’s Quesnelle Gold Quartz Mine Propertyis 4 km northeast of, and road accessible from, Hixon in centralBritish Columbia. The Property includes the Quesnelle Quartz gold-silver deposit, which wasdiscovered in 1865 in conjunction with placer mining activities. HixonCreek, which dissects the old workings, is a placer creek which hasseen small-scale placer production since the mid 1860s.

For further information please contact:

GOLDEN CARIBOO RESOURCES LTD

“J. Frank Callaghan”

J. Frank Callaghan, President &CEO

Tel:  604-682-2928

VISIT OUR WEBSITE FOR MOREDETAILS

www.goldencariboo.com

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Neither the “CSE” Canadian Securities Exchange norits Regulation Service Provider (as that term is defined in thepolicies of the Canadian Securities Exchange) accepts responsibilityfor the adequacy or accuracy of this release.

Cautionary Statements:

This news release containsstatements which constitute “forward-looking information” withinthe meaning of applicable securities laws, including statementsregarding the plans, intentions, beliefs and current expectations ofthe Company with respect to future business activities and plans ofthe Company. Forward-looking information is often identified by thewords “may”, “would”, “could”, “should”, “will”,“intend”, “plan”, “anticipate”, “believe”,“estimate”, “expect” or similar expressions and includesinformation regarding; the expectation that the Company will receiveall necessary exemptions and approvals to complete the Offering; theexpectation that the Company will complete the Offering on the termsdisclosed, or at all; the expectation that the proceeds will be usedfor property exploration and for general working capital; theCompany’s exploration plans with respect to its Quesnelle GoldQuartz Mine property; and the anticipated participation of the insiderin the Offering.

Such forward-looking statements arebased on a number of assumptions of management, including, withoutlimitation, that the Company will receive all necessary exemptions andapprovals to complete the Offering; that the Company will complete theOffering on the terms disclosed, or at all; that the proceeds will beused for property exploration and for general working capital; thatthe Company will have the resources required to proceed with itsexploration plans; that the Company will not run into regulatory orother barriers in carrying out its business plans; that the insiderwill participate in the Offering, on the terms and conditions and inthe amount currently expected by management; and that the Company willbe able to rely on the exemption from the formal valuation andminority shareholder approval requirements on the basisanticipated.

The forward-looking statementsherein speak only as of the date they were originally made. TheCompany has no intention and undertakes no obligation to update orrevise any forward-looking statements, whether as a result of newinformation, future events or otherwise, except as required bylaw.

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