Garibaldi Resources Corp.

Garibaldi Resources Corp.

April 04, 2006 09:00 ET

Garibaldi Resources Corp.: Investor Relations Agreement, Grant of Stock Options

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 4, 2006) -

Investor Relations Agreement

Garibaldi Resources Corp. (the "Company") (TSX VENTURE:GGI) is pleased to announce that it has retained the Los Angeles area firm of National Media Associates ("NMA") to conduct media awareness and investor relations programs on behalf of the Company. Headed by Mr. George Duggan, NMA is a long-term media-relations specialist in the natural resource and gold exploration sectors.

The Company will pay NMA a monthly fee of US$7,000 for a one-year term, subject to cancellation with notice after the first six months of service, and/or may renew the agreement by mutual consent. Pursuant to the agreement, Garibaldi is to grant 300,000 incentive stock options to NMA, exercisable for a period of five years, subject to any required shareholder and regulatory approvals.

Stock Options

The Company also announces that it has granted Incentive Stock Options on 375,000 shares of the Company's capital stock, exercisable up to five (5) years at a price of $0.55 per share which price is not lower than the last closing price of the Company's shares prior to this announcement, less the applicable discount. The options are granted pursuant to the Company's Stock Option Plan and will be subject to applicable regulatory hold periods. This grant includes the options referred to above to be granted to NMA.


Steve Regoci, President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release.

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