Golden Cariboo Resources Ltd.  (CSE: GCC) (OTC: GCCFF) (WKN: A402CQ) (FSE: 3TZ) was incorporated under the laws of the Province of British Columbia on September 23, 1987.

Historically, the Company’s principal business activity has been the exploration and development of mineral properties. The recoverability of amounts shown for resource properties is dependent upon the discovery of economically recoverable reserves, the ability of the Company to obtain the necessary financing to complete development, confirmation of the Company’s interest in the underlying properties and upon future profitable production or sufficient proceeds from the disposition of its resource properties.

The Company continues to investigate new exploration opportunities and mineral exploration will be carried out on properties identified by management of the Company as having favourable exploration potential. Interests in such properties are acquired in various ways. The Company, through its own efforts, can stake mineral claims or acquire mineral exploration permits. In other cases, the Company can acquire interests in mineral properties from third parties. An acquisition from a third party would typically be made either as an outright purchase (with payment of cash and/or shares) or by way of an option agreement, which requires the Company to make specific option payments and to incur a specific amount of exploration and development expenditures to vest its interests. Having incurred the specified exploration expenditures, the parties would then enter into a joint venture requiring each party to contribute towards future exploration and development costs, based on its percentage interest in the Property, or suffer dilution of its interest.

The Company advances its projects to varying degrees by prospecting, mapping, geophysics and drilling. In cases where exploration work on the Property reaches a stage where the expense and risk of further exploration and development are too high, the Company may seek a third party to earn an interest by furthering development. Optioning a Property to a third party allows the Company to retain an interest in further exploration and development while limiting its obligation to commit large amounts of capital to any one project.

Corporate Presentation

Projects

Quesnel Gold Quartz

The Quesnelle Gold Quartz Mine Property is located in central British Columbia, Canada, near the town of Hixon which sits about 55 km south of Prince George and about 50km north of Quesnel.

Over the past 4 years, Golden Cariboo Resources has been consolidating this project, and is now the only public company other than Osisko Development Corp. (CSE: ODV | NYSE: ODV) to solely own property in this region.

In terms of the geography, it is best described as a bookshelf where on one end of the bookshelf, Osisko Development Corp.’s project is heading into production. At the other end sits Golden Cariboo Resources’ Quesnelle Gold Quartz Mine Property – in very similar rocks – with access to virtually all of the same infrastructure and resources.

The 3814ha property comprises 21 contiguous mineral tenures and is accessible year-round via forest service roads leaving Highway 97 near the community of Hixon, British Columbia. The Property was acquired by Golden Cariboo Resources in 2019 and is surrounded to the north, south and west by Barkerville Gold Mines Ltd (‘BGM’), a wholly owned subsidiary of Osisko Development Corp (CSE: ODV | NYSE: ODV). In 2016, BGM staked a 40km belt of mineral claims after the original owners staked the heart of the trend centered at the underground mine workings and reclaimed millsite at the old Quesnelle Quartz Mining Company Ltd. Crown-granted mineral claims and earlier hardrock workings from the 1860’s, located adjacent to and under Hixon Creek. Historical placer production reported up to 1945 in Annual Reports to the Minister of Mines, estimates up to $2,000,000 worth of placer gold was mined from Hixon Creek. Placer operations are still producing gold along Hixon Creek and vicinity to this day.

The Property includes the Quesnel 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. The deposit model for the Property is the orogenic type, consisting of gold bearing quartz veins and quartz-carbonate-pyrite replacement style mineralization such as at Osisko Development’s Cariboo Gold Project, centered 75 km to the southeast of the Property.

Rainbow

The Rainbow Claim Group comprises of seven legacy and celled mineral claims (Rainbow, RM1 and Yes claims) covering a total physical area of 142.9ha on Valley Mountain.

Located within 2km of Wells, BC and Osisko’s proposed mine at the Valley Zone, Golden Cariboo Resources owns 100% of the mineral rights of the Rainbow Property, along a 2km portion of the limestone belt and mineralized trend which is noted to be parallel to the Baker-Rainbow contact of Osisko’s Barkerville Gold Belt on the adjacent Barkerville and Cow Mountain. The forested Property is located within the Snowshoe Group of the Barkerville Terrane and is easily accessed by quad or 4WD from the north or south side of the Property, with access also provided directly to a 37m adit located on the northwest end of the Property. The adit was drifted in 1937 for a distance of 37m along the gold bearing quartz ‘B’-veins, with vein widths ranging from 50 to 150cm (ARIS19815). Exploration activities are in progress to further identify key targets.

Rimrock

Rimrock is a 116.3 hectare Property 100% owned by Golden Cariboo.

Rimrock has industrial road access directly through the Property, along with other trails, about 12km up the 2400FSR from Highway 26, and about 36 driving km from Wells, BC. Year round access is maintained along the 2400FSR. A portion of the Property has been cleared of trees for placer mining and forestry purposes, and replanting has occurred to the east of the 2400FSR.

The Property straddles a 1.3km portion of the geological contact between greenstone-greenstone schist and metasedimentary rocks of the Snowshoe Group and is located immediately adjacent to and overlying productive placer mines of Tregillus Lake and Langford Camp. Osisko Development’s (CSE: ODV | NYSE: ODV) Cariboo Gold Project land package is contiguous to the east of the Rimrock property while Omineca Mining and Metals (CSE: OMM) is contiguous to the north, west and south of the Rimrock property. LiDAR and other exploration activities are in progress.

White Pine

The White Pine Property is located 2.5km southeast of Barkerville and 7.5km southeast of Wells, BC within the heart of Osisko’s Cariboo Gold Project and historical Barkerville Gold Belt.

The White Pine Property, District Lot 17F, is owned by Golden Cariboo Resources and Barkerville Gold Mines Ltd, a wholly owned subsidiary of Osisko Development Corp (CSE: ODV | NYSE: ODV), as Tenants in Common. This 39.8ha F-Grant claim was originally issued in the 1800s and allows for the use of various surface and undersurface rights, including production rights.

The White Pine Property has industrial road access into the Property. The majority of the Property has been logged and replanted at least twice. Grassroots mineral exploration has taken place here over the years, including various airborne geophysical surveys, and the last placer mining activities that occurred were in the early 2000’s by Pete Wright. Historical records, specifically a map from 1880’s, indicates placer gold production was 50oz to the set. Ongoing research and database compilation is in progress.

Management

Frank Callaghan

President & CEO

Mr. Callaghan has served as President, CEO and been on the board of numerous public companies in his progressive career in the BC – Yukon mining industry spanning over 30 years. His focus has been 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 (ODV-TSX.V/ODV-NYSE) 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 today, 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.

Thomas Kennedy

COO & Director

Mr. Kennedy, B.Comm., J.D., is a graduate of the University of British Columbia. After an initial career at the Federal Department of Justice, Mr. Kennedy has primarily focused as a legal, financial and business consultant to publicly-traded companies. Mr. Kennedy is an officer and/or director of several TSX-V and CSE publicly-traded companies.

Andrew H. Rees

Director

Mr. Rees, B.Comm. has over 20 years experience working with mining and oil & gas companies, and has raised over $100 million in the public markets. In executive management roles, Mr. Rees has taken projects from discovery to commercial production. Mr. Rees served as a director of Barkerville Gold Mines and currently serves as a director of a number of publicly traded resource companies.

Laurence Smoliak

Director

Mr. Smoliak is a Chartered Public Accountant (Chartered Accountant and Certified Management Accountant) with over 40 years experience in public practice and industry. He has broad experience in finance and management, international business experience and has held senior management positions in private and public companies. Mr. Smoliak graduated from the University of British Columbia with a Bachelor of Commerce Degree in Accounting and Management Information Systems. After university he spent five years with the Chartered Accounting firm Thorne Riddell (later merged to be KPMG) working in the areas of auditing, taxation and business valuations. He then set up and operated his own successful public accounting practice.

Glen Harder

Director

Glen Harder is a capital markets and corporate lawyer and practices in association with Caravel Law, a Canada-wide business law firm. He is active in corporate governance and is or has been an independent director, committee member and special committee member of numerous publicly traded and private companies.

SHARE STRUCTURE

Contact

Frank Callaghan, President & CEO

1100 – 1111 Melville St
Vancouver, BC V6E 3V6

Tel: 604-669-6463

Email: info@goldencariboo.com

Website: www.goldencariboo.com