Vancouver - Garibaldi Resources (TSXV: GGI) (the 'Company' or 'Garibaldi') is pleased to announce that, further to its News Release of April 25, 2022, it has received approval from the TSX Venture Exchange to the mineral property purchase agreement with Glen Prior (the 'Vendor'), whereby the Company has paid a cash payment of $1,561.81 and issued an aggregate of 25,000 common shares (the 'Shares') of the Company to the Vendor.

The Shares are subject to a statutory hold period expiring four months and one day after the issuance of the Shares.

Pursuant to the Agreement, on the date the Company commences commercial production on the mineral tenure located on the Omenica Mining Division in the Province of British Columbia, the Vendor shall be entitled to receive a royalty of 1% of net smelter returns calculated in accordance with the Agreement. The Company shall have the right to buy back a one-half interest of the 1% net smelter royalty upon payment at any time to the Vendor of the sum of $500,000.

About Garibaldi

Garibaldi Resources Corp. is an active Canadian-based junior exploration company focused on creating shareholder value through discoveries and strategic development of its assets in some of the most prolific mining regions in British Columbia and Mexico.

Contact:

Steve Regoci

Tel: (604) 488-8851

Web: GaribaldiResources.com

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