Garibaldi Announces Update on LIFE Offering

Vancouver, British Columbia--(Newsfile Corp. - June 16, 2026) - Garibaldi Resources Corp. (TSXV: GGI) (the "Company" or "Garibaldi") announces that, further to its news releases of April 22, 2026 and May 11, 2026, it is continuing its proposed financing under the Listed Issuer Financing Exemption (as defined below), whereby the Company intends to raise gross proceeds of up to a minimum of $2,200,000 and maximum gross proceeds of $3,300,000 through an offering of up to 30,000,000 units (each, a "Unit") at a price of $0.11 per Unit (the LIFE Offering").

Each Unit will consist of one common share of the Company (each, a "Share") and one Share purchase warrant (each, a "Warrant"). Commencing on the 62^nd day after issuance, each Warrant is exercisable into one (1) Share (each, a "Warrant Share", and collectively with the Shares and Warrants, the "Securities") at a price of $0.15 per Warrant Share for a period of thirty-six (36) months from the date of issuance.

In connection the LIFE Offering, the Company has filed a new life offering document (the Offering Document") which can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at www.garibaldiresourcescorp.com. Prospective investors should read the Offering Document carefully before making an investment decision.

As disclosed in the Offering Document, the Company intends to use the net proceeds from the LIFE Offering to fund exploration expenditures on its mineral properties, investor relations and communications, general corporate and administrative expenses, and for general working capital purposes.

The Securities offered as a part of the LIFE Offering shall be offered to purchasers resident in all provinces of Canada pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions (the "Listed Issuer Financing Exemption"). Securities offered under the Listed Issuer Financing Exemption will not be subject to resale restrictions to Canadian resident investors pursuant to applicable Canadian securities laws.

The LIFE Offering is anticipated to close on or about July 23, 2026, or such later date as the Company may determine. The closing is subject to certain conditions including, but not limited to, a minimum of $2,200,000 in gross proceeds being raised by the LIFE Offering and the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange.

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