Cariboo Rose Resources Ltd. has begun diamond drilling at its Coquigold epithermal gold-silver project located approximately 15 kilometers south of the community of Merritt, BC. Central to Coquigold is an area where in 2008 the BC Geological Survey identified and sampled quartz sinter and several areas of silicified (chalcedonic) volcanic and intrusive breccia, bedrock sampling in 2019 by Cariboo Rose confirmed an epithermal mineralizing event with bedrock samples returning up to 43.1 grams per tonne silver, 559 ppm arsenic, 13,400 ppb mercury and 101 ppm antimony. The Coquigold claim block, composed of 15 contiguous claims, covers 2,660 hectares with its southern boundary approximately 3 kilometers north of Shovelnose Mountain Property where Westhaven Gold Corp.

is currently exploring the Shovelnose epithermal gold discovery. Fieldwork at Coquigold started in May, 2022 with 453 soil samples collected on new claims staked in January of this year. This work was followed with a recently completed helicopter borne magnetic, radiometric and VLF- EM survey flown by Precision GeoSuveys of Langley, BC (490 line kilometers flown).

Diamond drilling was initiated Decemer 2 with 3 or 4 holes planned. The drill program is taking advantage of the availability of a drill contractor to complete the work before snow depth becomes problematic. Core will be stored until it can be logged and sampled in the New Year.