Golden Cariboo Resources Releases Positive Infill Drilling Results for QGQ22-01 Showing 0.87 g/t Gold Over 32.0m; QGQ24-08 Up-dip Extent Target Ongoing

Mr. Frank Callaghan reports:

May 7, 2024 – Vancouver, Canada – TheNewswire – Golden Cariboo Resources Ltd. (“GCC” or the “Company”) (CSE-GCC, OTC-GCCFF, WKN-A0RLEP) is pleased to report additional results from the North Hixon zone at its Quesnelle Gold Quartz Mine property near Hixon, British Columbia. Infill sampling was completed for QGQ22-01 in 2023 resulting in an intercept rich in gold mineralization. This adds to the promising signs of mineral wealth previously discovered at the site, indicating the potential for a lucrative venture. [source]. The recent drilling activities unearthed a 32.0m gold intercept and other significant mineralization at various depths, showcasing the wealth of resources present in the area.

Expanding Discoveries in Mineralization

A notable discovery from the recent round of sampling is the aberration of extensive gold mineralization zones compared to the initial findings. The initial drill had an intercept of 0.87 g/t gold (0.57g/t cut) over 32.0m (105 ft) with further potential depth extensions. The expanded zone hints at a richer underground reservoir than previously anticipated, opening up new possibilities for extraction and future exploration.

Intercept Analysis

The infill sampling data provides valuable insights into the gold deposits’ structure and distribution within the North Hixon zone. Notably, the inclusion of various intercepts with different gold grades demonstrates the mineralization diversity in the area, suggesting a complex geological formation that could host substantial ore bodies at various depths.

Continuous Drilling Efforts

The company’s commitment to ongoing drilling operations signifies its dedication to fully explore the extent of the mineral resources within the Quesnelle Gold Quartz Mine property. This persistence in uncovering new zones and targets reflects a strategic approach to maximizing the site’s economic potential in the long run.

Exploring New Frontiers

With drilling activities expanding to newer areas like the northwest extension of the greenstone-schist contact at the Main zone and the 50m (164 ft) southwest extension from QGQ22-01 at the North Hixon zone, the company is actively seeking new mineralized zones for future exploitation. This proactive approach ensures a well-rounded exploration strategy aimed at capitalizing on the entire property’s mineral wealth.

The technical information in this news release has been reviewed by Jean Pautler, P.Geo., a qualified person with respect to NI 43-101.

**NB pale red intervals are contiguous and comprise the entire red interval**

[Intervals are downhole lengths and true width is not yet known]()

[grades cut to 10 g/t Au]()

**NB pale red intervals are contiguous and comprise the entire red interval**

[! [Junior Mining Network] (https://www.thenewswire.com/data/tnw/clients/img/cb82105f7d045ce824790ef3ffca6fe5.png) ]()

[! [Junior Mining Network] (https://www.thenewswire.com/data/tnw/clients/img/11c5eecc22d532475c4089fae228410b.png) ]()

[! [Junior Mining Network] (https://www.thenewswire.com/data/tnw/clients/img/11c5eecc22d532475c4089fae228410b.png) ]()

**About Golden Cariboo Resources**
Golden Cariboo Resources Ltd. is focusing on intensive drilling and trenching efforts at its Quesnelle Gold Quartz Mine property, emphasizing a targeted approach to mineral exploration and extraction. The strategic positioning of the property, surrounded by established mining entities, underscores the area’s mineral potential and the company’s commitment to exploiting it effectively.

For further information please contact:
**GOLDEN CARIBOO RESOURCES LTD**
**J. Frank Callaghan**, President & CEO
Tel: 604-682-2928
[www.goldencariboo.com](http://www.goldencariboo.com)

**Cautionary Statements**
This news release contains forward-looking information that outlines the company’s exploration plans and objectives. The ambitious drilling campaigns and detailed sampling strategies reflect the company’s dedication to uncovering the full extent of mineralization on its properties. The meticulous examination of gold intercepts and ongoing exploration efforts highlight the continuous quest for valuable resources that could drive future economic growth in the mining sector.