Golden Cariboo Resources Ltd. Closes First Tranche of Private Placement, Raising $710,800

June 15, 2026 — Leads & Copy — Golden Cariboo Resources Ltd. has successfully closed the first tranche of its non-brokered private placement, raising $710,800 in gross proceeds. The placement involved the issuance of 8,885,000 units at $0.08 per unit, with each unit comprising one common share and one share purchase warrant. These warrants are exercisable for five years, with exercise prices starting at $0.12 in the first year and increasing to $0.25 in the fifth year. The private placement remains open for further investment.

All securities issued in the private placement are subject to a four-month-and-one-day hold period. In connection with this tranche, eligible persons acting as finders will receive commissions totaling $9,984 and 124,800 finder warrants. These finder warrants have the same five-year term and tiered exercise prices as the unit warrants.

The funds generated from the private placement will be allocated towards general working capital and ongoing property exploration initiatives. A significant portion of this tranche, $330,000, came from insider participation. This is considered a “related party transaction” under Multilateral Instrument 61-101, but it is exempt from formal valuation and minority shareholder approval requirements because the fair market value of the units acquired by the insider, and the consideration paid, do not exceed 25% of the Company’s market capitalization.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, or applicable state securities laws, and cannot be offered or sold within the United States or to U.S. persons except under an exemption from registration. This release does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States.

Golden Cariboo Resources Ltd. is actively pursuing the legacy of the Cariboo Gold Rush through targeted drilling and trenching programs on its Quesnelle Gold Quartz Mine property. This property, encompassing 94,899 hectares, is situated in an area with a rich history of placer gold production. The company's exploration efforts are situated along a favorable geological corridor adjacent to the Spanish and Eureka thrust faults.

The Quesnelle Gold Quartz Mine property, located 4 kilometers northeast of Hixon, British Columbia, features the Quesnelle Quartz gold-silver deposit. Discovered in 1865, this deposit exhibits geological similarities to the Spanish Mountain gold deposit, a sediment-hosted vein deposit considered part of the epizonal orogenic subclass.

Source: Golden Cariboo Resources Ltd