Garibaldi Resources Corp.

Garibaldi Resources Corp.

March 20, 2009 09:00 ET

Garibaldi Closes Temoris Transaction, Receives 6,000,000 Shares of Paramount Gold and Silver Corp.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 20, 2009) - Garibaldi Resources Corp. ("Garibaldi") (TSX VENTURE:GGI), is pleased to announce that it has closed its sale to Paramount Gold and Silver Corp. ("Paramount") of Garibaldi's option interest in the 54,000 hectare Temoris Concessions, in Chihuahua State, Mexico as previously announced in Garibaldi's news release dated February 17, 2009. In consideration for the option interest, Paramount has paid Garibaldi $US400,000 in cash and issued to Garibaldi 6,000,000 shares in Paramount's capital. The shares are to be released in twelve equal tranches of 500,000 shares.


Steve Regoci, President

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