Garibaldi Resources Corp. 2012 exploration review

              Garibaldi Resources Corp. 2012 exploration review

PR Newswire

VANCOUVER, Feb. 26, 2013

Frankfurt: RQM

VANCOUVER, Feb. 26, 2013 /PRNewswire/ - Garibaldi Resources Corp. (TSX-V: GGI)
(the "Company") is pleased to provide shareholders the following exploration
review for the year 2012. The company undertook regional evaluations at its
five 100% owned projects in Mexico: Tonichi, Rodadero, and Badesi in Sonora
State, Iris in Chihuahua State, and Sianori in Durango State.

At the 100% owned (52,000 hectare) Tonichi project in Sonora State,  Garibaldi 
continued test  drilling at  the Locust  target. To  date, 9  holes  totalling 
1757.7 meters have  been completed at  Locust and  an update on  holes 7-9  is 
pending. Results from  the first 6  holes (see news  release dated August  16, 
2012) are considered by the Company's geologists to be encouraging and exhibit
the potential for a possible bulk tonnage gold deposit.

Garibaldi was successful in negotiating an option agreement on both the Aurora
and Marco  Frac.  1  &  2  inlier  claims  (600  hectares  combined)  situated 
contiguous along the southern border of  the Locust target (see news  releases 
of September 27,  2012 and  October 10, 2012).  The option  agreement for  the 
Aurora claim calls for a  1000 meters of drilling  to be completed within  the 
first year  of  the  option and  two  holes  totalling 387  meters  have  been 
completed with the Company's NQ/BQ diamond  drill, a third hole, number 10  is 
underway. The Company also added concessions to the Tonichi Project in  2012, 
including 100% interests  in the Obispo  and the  Pender 1 &  Pender 2  claims 
where first phase exploration work has started.

Garibaldi's 2012 regional survey of the company's 100% owned Rodadero  project 
(49,000 hectares) in  Sonora state is  expected to be  completed in the  first 
quarter of  2013.  Several  areas of  prospective  mineralization  have  been 
delineated to date.

The evaluation of the Company's 100% owned Iris project at Ocampo in Chihuahua
State was completed and several drill targets were defined. The logistics and
timing for further exploration of these drill targets is being assessed.

Garibaldi's regional  exploration  programs  at Morelos  in  Chihuahua  State, 
Badesi and Sianori in Sonora and Durango States, did not provide results  that 
satisfied the Company's objectives to define high value targets generated from
regional surveys. In 2012,  the Company added  7,249 hectares in  concessions 
while reducing  its  land holdings  by  82,500  hectares to  a  total  108,212 
hectares, from more than 200,000 hectares or 2,000 sq. kms the previous  year. 
The reductions and the subsequent property  tax savings will be redirected  to 
exploration expenditures on the Company's remaining 3 district scale projects.

Garibaldi was reimbursed $6,175,000 Mexican pesos (approximately $475,000 USD)
in IVA taxes by the Mexican  Government in 2012. With over $6,000,000  dollars 
in cash  and marketable  securities,  the Company  is  well funded  for  2013. 
Management is  pleased with  the accomplishments  of the  geological staff  in 
advancing the 2012 exploration programs cost effectively and within budget and
is looking  forward  to  continued  advancement  in  the  development  of  the 
Company's projects in the upcoming exploration season.

We seek safe harbour


per: "Steve Regoci"
Steve Regoci, President

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts
responsibility for the adequacy or the accuracy of this release.

SOURCE Garibaldi Resources Corp.


1150 - 409 Granville Street
Vancouver, BC V6C 1T2
Telephone: (604) 488-8851
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