Golden Cariboo Resources Ltd. has announced an inaugural independent Mineral Resource Estimate for its 100%-owned Quesnelle Gold Quartz Mine Property, located approximately 4 kilometres northeast of Hixon in central British Columbia. Prepared by Sue Bird, P.Eng., of Bird Resource Consulting Corp., an independent Qualified Person under NI 43-101, the estimate has an effective date of September 26, 2026. The company will file a supporting technical report on SEDAR+ within 45 days. The resource statement, detailed in Table 1. Inaugural Mineral Resource Estimate for the Quesnelle Gold Quartz Mine Property at the Base Case cutoff - Effective Date September 26, 2026, reports 10 million tonnes at 0.56 g/t gold equivalent (AuEq) for 178,000 ounces of gold in the Indicated category, plus 71 million tonnes at 0.44 g/t AuEq for 1.0 million ounces of gold in the Inferred category, using a 0.15 g/t AuEq cut-off.
The significance of this estimate lies not only in the metal content but in how efficiently it was defined. The resource was outlined from only 24 of 30 company drill holes, totalling less than 8,500 metres of drilling. As President and CEO Frank Callaghan noted, the Halo deposit occurs over a strike length of 1,150 metres and a width of about 420 metres and remains open in all directions. Equally important, the Main zone, which includes six company drill holes and several historical surface holes, remains outside the current estimate, as do four other parallel, similar-styled geophysical and geochemical targets with multi-kilometre potential. This provides a compelling opportunity for future resource growth. The long-section in the figure which is a long-section through the center of the deposit, looking SW at Az=235o. The figure plots the composited and block Au grades for both the Halo and North Hixon zones of the deposit. The resource pit is shown in black with illustrates the deposit's geometry and grade distribution.
Investors should note that the base-case cut-off grade is highlighted in Table 2 is provided to illustrate the sensitivity of the estimate to cut-off grade. The base-case cut-off used for the Mineral Resource Statement is highlighted. Sensitivity cases do not constitute alternative Mineral Resource Statements. The estimate assumes a gold price of US$3,600 per ounce and a silver price of US$40 per ounce, with an open pit constraint at a 45-degree slope. Mineral resources that are not mineral reserves do not have demonstrated economic viability, and inferred resources have a lower level of confidence than indicated resources. The company has not completed a preliminary economic assessment, pre-feasibility study or feasibility study, and no production decision has been made.
The project benefits from excellent existing infrastructure. Located only 4 kilometres from Hixon, the property has year-round road access and an existing rail corridor running through the community. Major suppliers, contractors, equipment providers and regional mining support services are readily accessible from nearby Prince George and Quesnel, both approximately 45 minutes away and hosting regional and international airports as well as government offices. This established network positions the project to efficiently advance exploration and development activities while maximizing opportunities for local employment, procurement, business growth and long-term economic benefits throughout the Cariboo region. Golden Cariboo is rediscovering the Cariboo Gold Rush through highly targeted drilling and trenching programs on the property, which is bordered by Osisko Gold Group's Cariboo Gold Project and covers approximately 96,183 hectares. Further details are available at www.goldencariboo.com.
