Golden Cariboo Resources Ltd. announced a non-brokered private placement of 10,000,000 units at a price of CAD 0.25 per unit for the gross proceeds of CAD 2,500,000 on May 23, 2024. Each unit will consist of one common share and one share purchase warrant. Each warrant is exercisable for a period of three years from the closing at exercise prices as follows CAD 0.28 in year 1, CAD 0.3 in year 2 and CAD 0.32 in year 3. The private placement is subject to Canadian Securities Exchange approval and all securities are subject to a four-month hold period.

Finders fees may be payable in connection with the private placement, all in accordance with the policies of the CSE. The units will be subject to a statutory hold period of four months from the date of issuance, in accordance with applicable policies of the CSE.