Vancouver, British Columbia, Canada – TheNewswire - July 20, 2026 – This news release is related to the common shares of Golden Cariboo Resources Ltd. (CSE:GCC) (OTC:GCCFF) (WKN:A402CQ) (FSE:3TZ) (the “Issuer”). J. Frank Callaghan, President and CEO of the Issuer, announces that on July 16, 2026, he acquired 4,000,000 units of the Issuer (each a "Unit and together, the "Units") through a private placement of units of the Issuer at a price of $0.08 per unit. Each unit consisted of one common share of the Issuer and one share purchase warrant. Accordingly, Mr. Callaghan acquired a total of 4,000,000 common shares (the "Shares") and 4,000,000 share purchase warrants (each a "Warrant" and together, the "Warrants") Each Warrant is exercisable to purchase one additional common share for a period of five years from the closing date of the private placement 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. The total purchase price for Mr. Callaghan's Shares and Warrants was $320,000.00.

J. Frank Callaghan is a Canadian having an address at 1100 – 1111 Melville Street, Vancouver, BC  V6E 3V6. Prior to the acquisition of the Units, Mr. Callaghan held, directly or indirectly, 9,822,981 common shares of the Issuer. He also held, directly or indirectly, share purchase warrants to purchase up to 5,500,000 common shares of the Issuer and incentive stock options to purchase up to 1,885,000 common shares of the Issuer (together, the "Prior Convertible Securities"). Prior to the acquisition of the Units, Mr. Callaghan's 9,822,981 common shares represented 7.45% of the Issuer's issued and outstanding common shares on a non-diluted basis, and 7.05% on a partially-diluted basis (assuming exercise of the Prior Convertible Securities).

As a result of the acquisition of the Units, Mr. Callaghan currently owns 13,822,981 common shares, which, as of June 16, 2026, represents 9.82% of the Issuer’s issued and outstanding common shares on a non-diluted basis, and 9.08% on a partially-diluted basis (assuming exercise of the Warrants and the Prior Convertible Securities).

The requirement to file an early warning report and news release was triggered because the 4,000,000 Shares acquired by Mr. Callaghan in the private placement was equal to 3.03% of the Issuer's issued and outstanding common shares on a non-diluted basis prior to the private placement, and 2.87% of the Issuer's issued and outstanding common shares on a partially-diluted basis (assuming exercise of the Prior Convertible Securities).

Mr. Callaghan presently holds common shares of the Issuer for investment purposes. In the future, he may directly or indirectly acquire additional common shares or dispose of common shares subject to a number of factors, including general market and economic conditions and other investment and business opportunities available.

This press release is being issued as required by National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues and relates to the Issuer, the head office of which is located at 1100 – 1111 Melville Street, Vancouver, BC  V6E 3V6.

A copy of the early warning report filed in connection with the matters set forth above may be obtained under the Issuer's SEDAR+ profile at www.sedarplus.ca and may also be obtained by contacting the Issuer at 604-669-6463.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release nor have they approved nor disapproved the content thereof.

Not for U.S. Distribution.