Garibaldi Resources Corp V.GGI

Sept 1 news, Drilling away from historic, re SS

[allernun]

Vancouver, British Columbia, September 1, 2017 - Garibaldi Resources (TSX.V: GGI) (the "Company" or "Garibaldi") is pleased to report that the Company has intersected two long intervals of nickel-copper sulphide mineralization totaling 176 meters and consisting of pyrrhotite-pentlandite-chalcopyrite in the first drill hole at its 100%-owned E&L Project at Nickel Mountain near Eskay Creek. Drilling of the second hole begins imminently. Significantly, borehole EL-17-01 was drilled away from the historic mineralized zones into a previously untested area in order to provide the best immediate platform for SJ Geophysics' Volterra borehole EM survey as it gauges the orientation of conductor "D". This new discovery convincingly expands the scale of the mineralizing system eastward from the high tenor E&L mineralization and beyond the historic estimates from 12 shallow holes drilled by Silver Standard in the 1960's. The down-hole survey will be completed for each drill hole and is expected to provide a reliable vector to the interpreted massive sulphide body. Additional highlights of the first drill hole: EL-17-01 entered mineralized gabbro beginning at a depth of 51 meters with disseminated sulphides continuing to 169.5 meters.  A second section of disseminated sulphides started at a depth of 274.5              meters and continued to 332 meters.   Meter-scale intervals of up to 30% sulphides at the base of the intercept occur as heavy disseminations, net-textures and gash veins; EL-17-01 remained in the E&L Intrusive Complex (ELIC) from the collar to the end of the hole at a depth of 441 meters;