Garibaldi Resources Corp.

Garibaldi Resources Corp.

April 03, 2006 20:57 ET

Garibaldi Resources Corp.: Private Placement Closes

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 3, 2006) -

Private Placement

Further to its news releases of March 20, 2006, Garibaldi Resources Corp. (the "Company") (TSX VENTURE:GGI) is pleased to announce that it has closed its private placement of 2,000,000 units of its securities at a price of $0.50 per unit. Each unit consists of one common share in the capital of the Company and one-half of one non-transferable share purchase warrant with each whole such warrant (the "Warrant") entitling the holder to acquire one additional common share of the Company at a price of $0.60 per share for one year. In conjunction with the placement, the Company has paid Bolder Investment Partners Ltd. ("Bolder") a finder's fee for the introduction of Sprott Asset Management Inc. which subscribed for 1,000,000 units of the offering on behalf of funds it manages. For its role, Bolder has been paid $40,000 in cash and will be issued 100,000 Series "B" Warrants, each such warrant entitling Bolder to acquire one additional common share of the Company at a price of $0.60 for two years. The units, the Series "B" Warrants and any underlying shares are subject to a hold period and may not be traded until July 28, 2006.


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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