Golden Cariboo Resources Ltd. announced that it has commenced drilling at its Quesnelle Gold Quartz Mine Project (QGQ Project) near Hixon, BC, and has recently completed the first diamond drill hole (QGQ24-05) of its 2024 drilling campaign. The Company is operating two shifts and under optimal conditions, is drilling approximately 100 meters per day. Drill hole QGQ24-05 was drilled for 321m from the same pad as QGQ23-04 to target the greenstone-phyllite contact to the northwest of QGQ23-04 and possible mineralization on the west side of the contact.

Logging and sampling of QGQ24-05 is in progress with over half completed to date. Samples are being shipped to the lab regularly for analysis. The drill is currently re-mobilizing to commence drilling of QGQ24-06.

The balance oflogging and sampling of drill hole QGQ23-04 (formerly referred to as QGQ23-01) from the Company's 2023 drill program has been completed. 122 samples were expedited to ALS Geochemistry in North Vancouver, BC for analysis. Results are pending.