Golden Cariboo Resources Ltd.

October 26, 2005 12:23 ET

Golden Cariboo Resources Ltd.: Tie-in Underway at the Lochend Project

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 26, 2005) - The Board of Directors of Golden Cariboo Resources Ltd. (the "Company") (TSX VENTURE:GCC) is pleased to announce that it has been advised by the operator, the well at 16 - 8 - 30 - 4 W5M in the Lochend area northwest of Calgary, Alberta, has been completed and production tested.

Arrangements are being finalized to construct a one-half-mile flowline to tie the well into the gathering system. The four-well development drilling program is adjacent to the Lochend Cardium M, O pool and the Lochend A, C, E pool.

The Company is to pay 25 per cent of the costs of drilling and completing this well to earn a 15.625 per-cent net working interest (see News Release 05-08, Aug 16, 2005).

On Behalf of the Board of Directors,

J. Frank Callaghan, President

This news release contains forward-looking statements regarding the timing and content of upcoming programs. Actual results may differ materially from those currently anticipated in such statements.

The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.

Contact Information

  • Golden Cariboo Resources Ltd.
    J. Frank Callaghan
    President and CEO
    (604) 669-6463 or Toll Free: 1-800-663-9688
    (604) 669-3041 (FAX)