Golden Cariboo Resources Ltd. is announced the appointment of Mr. J. Frank Callaghan as Chief Executive Officer (CEO), effective immediately. With a wealth of experience in the mining industry, Mr. Callaghan brings a strong leadership background and a proven mine making track record to the Company. Mr. Callaghan's progressive career in the BC and Yukon mining industry spans over 30 years in the Gold Bridge/Bralorne, Goldstream/Revelstoke, Wells/Barkerville and Atlin gold camps, including 20 years in the Smithers Cu-Ag-Au and Keno Hill Ag-Pb-Zn camps, culminating in bringing two gold mines into production.

Mr. Callaghan is originally responsible for the strategic plan leading to the discovery, financing and initial feasibility work for Osisko Development Corp.'s Cariboo Gold Project. Mr. Callaghan began assembling the Cariboo Gold Project near Wells in central BC in 1994, made the original Bonanza Ledge Discovery in 2000, processed a 10,000 tonne bulk sample in 2004 at the Mt. Polley Mine, completed approximately 150,000 meters of drilling which was subsequently twinned and expanded upon by Osisko to achieve similar results, initiated the usage of ore sorting technology that is being utilized, advanced long term environmental studies, established meaningful engagement with the Lhtako Dene Nation and commissioned traditional use studies resulting in the signing of a mutually beneficial Memorandum of Understanding (MOU) in 2000.

Additionally, in 2009 Mr. Callaghan acquired the (Quesnel River) QR Mine and Mill then rebuilt the mill, re-established underground mining operations and resumed gold production from the QR Mine in 2010. The company began trucking ore from the Bonanza Ledge Mine on a Small Mines Permit to the QR mill facility near Quesnel and poured the first gold bar from the Bonanza Ledge in July 2014.