Golden Cariboo Resources Ltd. announced a non-brokered private placement of 10,000,000 units at a price of CAD 0.25 per share 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.