Vancouver, Canada - November 26, 2024 Golden Cariboo Resources Ltd. (the “Company”) (CSE:GCC) (OTC:GCCFF) (WKN:A402CQ) (FSE:3TZ) announces multiple occurrences of visible gold (Figure 2 enclosed) have been encountered in the latest drill hole, QGQ24-20, subsequent to previously announced visible gold in drill holes QGQ24-16 to QGQ24-19 in a news release dated October 29, 2024.

Drill hole QGQ24-20 is testing the Halo zone discovery to the north and is currently in progress at a depth of 327.66 m (1075.0 ft) (see Figure 3 enclosed). The drill hole has encountered extensive quartz-carbonate+/-pyrite veins and associated alteration of the volcanic host rocks (Figure 1 enclosed). All figures can be viewed on the Company’s website at www.goldencariboo.com.

Additionally, the Company announces the winterizing of the field camp in Hixon, BC, allowing the Company to drill throughout the winter, with a planned break on December 22, 2024 and drilling to resume on January 6, 2025.

Golden Cariboo’s President and CEO, Frank Callaghan, stated “Drill hole QGQ24-20 is the eighth consecutive drill hole in our Halo zone discovery that has encountered visible gold. This is reminiscent of our exploration team’s success at the Cariboo Gold project, 75 km to the SE, which is now owned by Osisko Development and has recently been permitted to commence mine construction. Golden Cariboo’s team extends a heartfelt congratulations to Osisko Development for taking our dream of building a significant mine at the historic Cariboo Gold camp and seeing it through to fruition. Our current drill hole QGQ24-20 represents another step out from our discovery holes reported earlier this fall, and again is providing visual indication of a gold system of significant scale. With our camp now winterized, we will continue drilling to expand the discovery unabated.”