Garibaldi Resources Corp.

Garibaldi Resources Corp.

September 12, 2007 09:01 ET

Garibaldi Plans for Extensive Drill Program in Mexico

Fixed Wing Hyperspectral Survey Permitting Approved

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 12, 2007) - Garibaldi Resources Corp. (the "Company") (TSX VENTURE:GGI), after two years of strategic acquisitions, controls one of the largest land packages ever assembled by a junior exploration company in Mexico. The Company's eight district scale projects cover approximately 4,000 sq. kms. of under-explored ground in the central and northern parts of the Sierra Madre, the most extensive belt of epithermal type gold-silver deposits in North America. All of these projects, Morelos, Temoris, Iris, Tonichi, Onavas, Rodadero, Badesi and Sianori were acquired because they cover broad areas of virtually unexplored argillic alteration, similar to the alteration zones associated with many of the world class deposits that have been identified in the Sierra Madre. Garibaldi's exploration strategy involves utilizing state of the art remote sensing techniques in conjunction with conventional exploration work to rapidly define high priority target areas for drill testing.

Management is pleased to announce the acquisition and deployment of the Company's first diamond drill rig to Morelos, its most advanced district scale (36,000 hectares) project. The initial target is a road accessible zone of low sulphidation type epithermal gold-silver mineralization referred to as the El Indio prospect (localized within an extensive zone of argillic alteration that was initially identified from satellite imaging) which can be traced on surface for more than one kilometer. As Garibaldi's remote sensing exploration strategy unfolds and the inventory of targets generated from the Company's vast land position grows, owning critical drilling equipment will ensure the scheduling control required to evaluate the highest priority targets as they are identified.

In addition to the acquisition and deployment of the Company's first diamond drill rig, management is pleased to announce that the Company's wholly owned Mexican subsidiary Minera Pender has received permitting from DGAC (Mexican Aviation Authority) to fly the planned hyperspectral survey over all eight of the Company's district scale projects. The planned survey employs the most sophisticated remote sensing technology available worldwide and is believed to be one of the most extensive airborne hyperspectral surveys ever conducted in the Sierra Madre. The survey data will compliment ongoing field programs by delineating target areas within the broad argillic alteration zones that have already been defined and the survey has now been scheduled for late 2007 or early 2008.

With crews in place at Morelos, Garibaldi's diamond drill rig will test multiple target areas at Morelos and over the next year the Company will continue to develop drill targets on all eight concessions in Chihuahua State, Sonora State and Durango State utilizing both hysperspectral surveys and state of the art technologies such as Hyperion, ASTER-SWIR, Ikonos and QuickBird satellite imaging. Contracts are in place with some of the most well known remote sensing professionals in the world, including McDonald Detwiller and HyVista Corporation. Management now believes that Garibaldi is uniquely positioned amongst juniors in Mexico for potential exploration success based on the quality of its projects, access to state of the art remote sensing technology and in-house drilling capabilities. Results of ongoing field work and drilling programs will be announced as they become available.


Steve Regoci, President

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