(TheNewswire)

April 8, 2026 – TheNewswire -Vancouver, B.C., Canada – Golden Cariboo
Resources Ltd. (the “Company”) (WKN:A402CQ) (FSE:3TZ)
is pleased to announce that it will be closing
the previously announced non-brokered private placement (the
“Offering”), which is oversubscribed for gross proceeds of
$871,000.

Each unit will consist of one common share in the
capital of the Company and one common share purchase warrant (a
“Warrant”). Each Warrant will entitle the holder thereof to
acquire one additional common share at a price of $0.12 in year one,
$0.17 in year two, $0.22 in year three, $0.27 in year four or $0.30 in
year five. All securities from the Private
Placement will be subject to a four-month hold period from closing. In
connection with the private placement, certain eligible persons
(“Finders”) will be paid
commissions in accordance with the policies of the CSE. Details of
such fees will be disclosed in a subsequent news release. The proceeds
from this private placement will be used for general working capital
and continued property exploration.

About Golden Cariboo Resources
Ltd

Golden Cariboo Resources Ltd. is rediscovering the
Cariboo Gold Rush by proceeding with highly targeted drilling and
trenching programs on its Quesnelle Gold Quartz Mine property which is
bordered by Osisko Development (NSE:ODV/TSXV:ODV), partly intertwined
with them at the north end of the Cariboo Gold Project, and located
along a favourable corridor adjacent to the Spanish and Eureka thrust
faults over a 94,899 hectare (234,501 acre) area. Historically, over
101 placer gold creeks on the 90-kilometer (56 mile) trend, from the
Cariboo Hudson mine north to the Quesnelle Gold Quartz Mine property,
have recorded production with successful placer mining continuing to
this day.

Golden Cariboo’s Quesnelle Gold Quartz Mine property
is 4 kilometers (2.5 miles) northeast of, and road accessible from,
Hixon in central British Columbia. The Property includes the Quesnelle
Quartz gold-silver deposit, which was discovered in 1865 and developed
over a footprint of about 150m x 150m (< 6 acres) at the Main zone
straddling Hixon Creek. Overall, the geological setting of the gold
mineralization at the Company’s Quesnelle Gold Quartz Mine property
shows strong similarities with the Spanish Mountain gold deposit,
situated 120 km (75 miles) towards the southeast along the same
geological trend. As a sediment-hosted vein (SHV) deposit, the Spanish
Mountain deposit is considered to belong to the epizonal orogenic
subclass of gold deposits which include some of the world’s largest
deposits such as Muruntau, Uzbekistan and Bendigo, Australia.

For further information please contact:

J. Frank Callaghan, President &
CEO

Tel: 604-669-6463

VISIT OUR WEBSITE FOR MORE
DETAILS

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.

Additionally, forward-lookinginformation involve a variety of known and unknown risks,uncertainties and other factors which may cause the actual plans,intentions, activities, results, performance or achievements of theCompany to be materially different from any future plans, intentions,activities, results, performance or achievements expressed or impliedby such forward-looking statements. Such risks include, withoutlimitation: that the Company will not receive the necessary exemptionsand approvals to complete the Offering; that the Company will notcomplete the Offering on the terms disclosed, or at all; that theCompany will be unable to use the proceeds for property explorationand for general working capital; that the Company may incurunanticipated costs; that the Company may not have the resourcesrequired to pursue its exploration plans; that the Company’soperations could be adversely affected by possible future governmentlegislation policies and controls or by changes in applicable laws andregulations; that the insider may not participate in the Offering onthe terms and conditions and in the amount currently expected bymanagement, or at all; and that the Company may not be able to rely onthe exemption from the formal valuation and minority shareholderapproval requirements on the basis currently expected. Suchforward-looking information represents management’s best judgmentbased on information currently available. No forward-looking statementcan be guaranteed and actual future results may vary materially.Accordingly, readers are advised not to place undue reliance onforward-looking statements or information. Neither the Company nor anyof its representatives make any representation or warranty, express orimplied, as to the accuracy, sufficiency or completeness of theinformation in this news release. Neither the Company nor any of itsrepresentatives shall have any liability whatsoever, under contract,tort, trust or otherwise, to you or any person resulting from the useof the information in this news release by you or any of yourrepresentatives or for omissions from the information in this newsrelease.

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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