Vancouver, BC - TheNewswire - April 4, 2023 - Golden Cariboo Resources Ltd. (the “Company”) (TSXV:GCC) is pleased to announce its team has mobilized to the Company’s Quesnelle Gold Quartz Mine property near Hixon, British Columbia.

The Company has a diamond drill onsite and is in the process of clearing roads of snow to commence its 2023 exploration season.

Company director Andrew H. Rees commented “We’re excited to get a head start on Golden Cariboo’s 2023 exploration program, which will include diamond drilling and ancillary geological work. Clearing roads and trails of snow while the project is in freezing temperatures, will save the exploration and drilling teams a significant amount of time during the snow melt and subsequent drying periods which can leave certain areas temporarily inaccessible due to soft ground conditions. News announcing the start of drilling is forthcoming as work is anticipated to commence in the coming weeks.”

About Golden Cariboo Resources Ltd.

Golden Cariboo Resources Ltd. is rediscovering the Cariboo Gold Rush by proceeding with high-grade targeted drilling and trenching programs on its Quesnelle Gold Quartz Mine project which is almost fully encircled on 3 of 4 sides by Osisko Development.

Golden Cariboo’s Quesnelle Gold Quartz Mine property is 4 km northeast of, and road accessible from, Hixon in central British Columbia. The Property includes the Quesnelle Quartz gold-silver deposit, which was discovered in 1865 in conjunction with placer mining activities and produced 2,048 tonnes grading 3.14 g/t Au and 4.18 g/t Ag in 1932 and 1939, with an additional 217 tonnes of unknown grade reported in 1878 (BC Minfile, 2021). Hixon Creek, which dissects the Hixon Gold claims, is a placer creek which has seen limited, small-scale placer production since the mid 1860's. From Ministry of Mines Reports prior to 1945, estimates of up to $2,000,000 worth of placer gold was mined from Hixon Creek.

For further information please contact:

GOLDEN CARIBOO RESOURCES LTD

“Andrew H. Rees”       

Andrew H. Rees, Director

Tel:  604-682-2928

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains certain forward-looking statements which involve known and unknown risks, delays, and uncertainties not under the control of Golden Cariboo Resources Ltd. which may cause actual results, performance or achievements of Golden Cariboo Resources Ltd. to be materially different from the results, performance or expectation implied by these forward looking statements.  By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future.  Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors.