Garibaldi drills 23.89 metres of 1.45 g/t gold at the Locust Project

     Garibaldi drills 23.89 metres of 1.45 g/t gold at the Locust Project

PR Newswire

VANCOUVER, March 14, 2013

TSX-V: GGI
Frankfurt: RQM

VANCOUVER, March 14, 2013 /PRNewswire/ - Garibaldi Resources Corp. (TSXV: GGI)
(the "Company") is pleased to report assay results from its recently completed
hole LCT-13-10 at the  Locust drill target in  Sonora State, Mexico. The  hole 
intersected 23.89 metres of 1.45 g/t  gold, including a 2 meter interval  that 
assayed 9.27 g/t gold (see table below).  To date 10 holes have been  drilled 
at the project for a total of 1,898.7 meters.

              
               Table of selected results from hole LCT-13-10 at
                                                 Locust.
               Drill Hole   From     To     Interval   Au g/t Cu
                                                             (m)            %
               LCT-13-10    22.50   46.39     23.89     1.45  -
                includes    28.40   30.40     2.00      9.27  -
                                                         

Hole LCT-13-10 was collared on the Aurora concession that was optioned by  the 
Company in 2012  (see news release  dated September 27,  2012). Three  holes, 
LCT-12-07,  LCT-12-09  and  LCT-13-10,  have  been  completed  on  the  Aurora 
concession for a total of 522 meters of the 1000 meters required in the  first 
year of the option  agreement. Sampling has  identified areas with  anomalous 
rock geochemistry for  gold and  copper on the  surface, and  all three  drill 
holes cut significant intervals of  gold and/or gold-copper mineralization  at 
shallow depths.

Exploration activity at the project has  been focused on mapping and  sampling 
of the entire Locust target area  including the concessions optioned in  2012. 
The work  completed to  date indicates  the presence  of a  large  mineralized 
system. A mineralized strike length  of approximately 1.5 kilometres has  been 
delineated at the  surface by  mapping and sampling,  and about  half of  this 
large system has been drill tested at shallow depths with widely spaced holes.
In general, most of  the holes have intersected  significant widths of Au  and 
Au-Cu mineralization (see news release dated February 28, 2012).

Gold-copper mineralization is associated with intermediate intrusive rocks and
tourmaline breccia bodies and is interpreted to be related to a large porphyry
system. Other porphyry systems are known in the region, including the  nearby 
Cuatro Hermanos  deposit (Virgin  Metals),  the San  Javier deposit,  and  the 
Suaqui Verde deposit (Evrim Resources  and Inmet Mining). Company  geologists 
have also identified  an apparently later  gold mineralizing event  associated 
with quartz-barite matrix breccia bodies.

Steve Regoci, President and CEO of the company stated, "The results from  hole 
LCT-13-10 continue to validate the gold-copper mineralized zone mapped at  the 
Locust target  and  most importantly  demonstrates  the potential  for  higher 
grades at shallow depths. The next  hole will test another quartz  tourmaline 
breccia recently mapped."

Dr. Craig Gibson, PhD.,  Certified Professional Geologist,  and a Director  is 
the Qualified Person  for the Tonichi  Project and the  direct manager of  the 
technical programs operated under contract by Prospeccion y Desarrollo  Minero 
del Norte (ProDeMin). Dr.  Gibson has reviewed and  approved the contents  of 
this News Release.

We seek safe harbour.

GARIBALDI RESOURCES CORP.

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.

Contact:

GARIBALDI RESOURCES CORP.
1150 - 409 Granville Street
Vancouver, BC V6C 1T2
Telephone: (604) 488-8851 Website:www.garibaldiresources.com
 
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