Garibaldi Drills 6.19% Nickel and 2.06% Copper from Surface Over 4.4 Meters in Central Zone at Nickel Mountain

VANCOUVER, April 11, 2019

VANCOUVER, April 11, 2019 /PRNewswire/ - Garibaldi Resources (TSXV: GGI) (the "Company") or "Garibaldi") is pleased to provide the following exploration update including final 2018 drill hole results, all from outside the Upper and Lower Discovery zones at Nickel Mountain.

• Three additional drill holes in the Northwest zone all intersected disseminated sulphide mineralization typical of this area, including one of the widest intervals to date - 51.2 meters grading 0.72% nickel and 0.67% copper in EL-18-46. This zone has been extended further to the south into highly prospective terrain with orbicular gabbro and massive sulphide veins toward the contact of the intrusion;
  
  
• The first shallow drill holes into a portion of the "Crevasse" showing at the northern edge of the Central zone confirmed the presence of high-grade nickel mineralization to a depth of at least 28 meters below surface. This area remains open to the east, west and at depth with drill results highlighted by 6.19% nickel and 2.06% copper over 4.44 meters starting from surface in EL-18-45;
  
  
• Limited drilling under the 1.6-km-long icefield, regional surface mapping and lithogeochemistry have greatly expanded the strike length of the gabbroic rocks of the Nickel Mountain Complex (NMC) to 12 km in a northeast direction, well beyond Anomaly "A".

Steve Regoci, Garibaldi President and CEO, commented: "Camp is scheduled to re-open in mid-May. Our geological team enters the 2019 program with more excitement and confidence than ever after reviewing all data from six months of Nickel Mountain drilling covering 46 holes (2017 and 2018).

"The stage is set for a fast-paced 2019 to fully unlock the value of the Golden Triangle's first nickel-copper-rich magmatic massive sulphide system," Regoci concluded.

Crevasse Showing Samples Average 5.3% Nickel

Receding ice has exposed new outcrops of massive sulphide mineralization at Nickel Mountain, creating additional opportunities to expand the footprint of massive sulphides along the contact of the E&L Intrusion.

Sixteen rock samples collected along a strike length of 34 meters from insitu outcrop at the Crevasse showing of massive and semi-massive sulphides averaged 5.3% nickel and 2.3% copper.  They also included an average of 0.21% cobalt, 0.25 g/t platinum, 0.37 g/t palladium, 0.19 g/t gold and 3.8 g/t silver (see table further below in this news release).