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Garibaldi acquires La Patilla property, Mexico



                Garibaldi acquires La Patilla property, Mexico

PR Newswire

VANCOUVER, April 15, 2013

TSX-V: GGI
Frankfurt: RQM

VANCOUVER, April 15,  2013 /PRNewswire/  - Garibaldi  Resources Corp.  (TSX.V: 
GGI) (the "Company" or "Garibaldi") is pleased to report that it has completed
a transaction to acquire a 100% interest in the 99 hectare La Patilla property
located in the  Municipality of  Rosario, State  of Sinaloa,  Mexico (the  "La 
Patilla Property" or the "Property").

The La Patilla Property lies in  the Rosario-Las Rastras mining district  that 
hosts numerous small gold-bearing veins as well as Marlin Gold's (formerly Oro
Mining) La Trinidad project with  4.326 million tonnes of indicated  resources 
at a grade of 1.79 g/t for a  total of 248,610 oz gold.  Several gold  bearing 
quartz veins occur on the Property that  have been the subject of small  scale 
mining operations by artisanal  miners or "gambusinos" for  a number of  years 
and dating  to  historic  times.   Exploration by  ProDeMin  has  defined  two 
principal targets  to date,  including  the La  Patilla  vein system  and  the 
Gambusino mine. The La Patilla Property was optioned from the original  owners 
by ProDeMin in 2010 for its potential to develop a small mining operation.

Garibaldi is acquiring the La Patilla Property through taking an assignment of
an option to acquire the Property held by Prospeccion y Desarrollo Minero  del 
Norte, S.A. de C.V. ("ProDeMin"), a private Mexican company controlled by  Dr. 
Craig Gibson, PhD., a director of the Company, and then exercising the  option 
to acquire the Property  from the underlying Mexican  owners. Pursuant to  the 
terms of the agreements, Garibaldi paid US$40,000 to the underlying owners  to 
exercise the option, US$30,000 to ProDeMin to reimburse it for previous option
payments made and  will issue 300,000  shares in the  capital of Garibaldi  to 
ProDeMin on receipt of acceptance for filing for the transaction from the  TSX 
Venture Exchange (the "Exchange"). Should the Property be placed in commercial
production by  Garibaldi, Garibaldi  will issue  a further  800,000 shares  to 
ProDeMin and will pay a 3% NSR  royalty to ProDeMin. The royalty is capped  at 
US$3,000,000 and Garibaldi may buy back 2 percentage points of the royalty  at 
any time upon the payment of US$2,000,000 to ProDeMin.

With the assignment  of the  option being  acquired from  ProDeMin, a  company 
controlled by Dr. Craig  Gibson, a director of  Garibaldi, the transaction  is 
considered a  related  party transaction  and  subject to  the  provisions  of 
Multilateral Instrument 61-101  - Protection of  Minority Security Holders  in 
Special Transactions (the "Instrument"). The Instrument makes provisions for a
formal  valuation  and  minority   shareholder  approval  for  related   party 
transactions, however, provides exemptions from these requirements in  certain 
circumstances. For this  transaction, Garibaldi  is relying  on the  exemption 
from the valuation requirements found  in subsection 5.5(a) of the  Instrument 
and on the exemption from the minority shareholder approval requirement  found 
in subsection 5.7(i)(a)  of the Instrument  on the basis  for both  exemptions 
that the  transaction has  a value  of less  than twenty-five  percent of  the 
market  capitalization  of   Garibaldi's  issued  shares.   Pursuant  to   the 
transaction, at closing,  Dr. Gibson's beneficial  holdings, or holdings  over 
which he has control or direction,  of shares of Garibaldi will increase  from 
nil to 300,000 shares or 0.52 % of the issued share capital of Garibaldi.

The decision to acquire the La Patilla  Property was approved by the Board  of 
Directors of Garibaldi, with Dr. Gibson  abstaining from voting on the  matter 
due to his interest in the transaction, as disclosed. In making its  decision, 
the Board considered  the long  history of artisanal  mining for  gold on  the 
Property, the geological systems  located on the  Property and the  identified 
potential for near-term small-scale commercial production by employing  modern 
technology and equipment to further develop the Property.

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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