TSXV: GGI
OTC: GGIFF
Frankfurt: RQM

VANCOUVER, BC, April 25, 2022 /CNW/ - Garibaldi Resources (TSXV: GGI) (the "Company" or "Garibaldi") is pleased to announce that it has entered into a mineral property purchase agreement (the "Agreement") with G. Prior (the "Vendor"), whereby the Company agreed to acquire a 100% interest in one mineral tenure (the "Property"), located in the Omineca Mining Division in the Province of British Columbia comprising approximately 214.1217 hectares.  As consideration for the Property, the Company has agreed to pay: (i) a cash payment of $1,561.81 (the "Cash Payment") and (ii) the issuance of 25,000 common shares (the "Shares") of the Company, on the terms and conditions as set forth in the Agreement. All shares are subject to a four month hold period, and the agreement is subject to the approval of the TSX Venture Exchange.