Garibaldi Resources Corp. announce a non-brokered private placement of up to10,000,000 flow-through units at a price of CAD 0.30 per FT Unit for gross proceeds of up to CAD 3 million and 4,000,000 non-flow-through units at a price of CAD 0.25 per unit for gross proceeds of up to CAD 1 million on November 29, 2022. Each flow through unit will consist of one common share of the company and one-half of one common share purchase warrant with each warrant entitling the holder to purchase one common share at a price of CAD 0.45 per common share for a period of three years following the closing of the offering.

Each non-flow through unit will consist of one common share of the company and one-half of one common share purchase warrant with each warrant entitling the holder to purchase one common share at a price of CAD 0.40 per common share for a period of three years following the closing of the offering. All securities issued in connection with the offering will be subject to a statutory hold period expiring four months and one day after closing of the offering. The offering may include finder's fees commission's payable in cash and/or securities and is subject to approval of the TSX Venture Exchange.

Insiders may participate in the offering.