Golden Cariboo Completes Private Placement Financing

NOT FOR DISSEMINATION IN THE US OR TO US WIRE SERVICES.

Golden Cariboo Resources Ltd. ("Golden Cariboo" or the "Company") (TSX
VENTURE:GCC.H) announces that, further to our news release of November 6, 2012,
it has completed a private placement financing of 6,000,000 units at a price of
$0.25 per unit (the "Units") for total proceeds of $1,500,000 (the "Financing").
Each Unit consists of one common share in the equity of Golden Cariboo and one
half of one share purchase warrant (the "Warrants"); each whole Warrant entitles
the holder to purchase one additional common share (a "Share") at a price of
$0.35 per Share for a period of one year from closing of the Financing. Proceeds
of the Financing will be used for general working capital purposes. Finder's
fees in the amount of $32,650 were paid in connection with the Financing. 


All securities issued in connection with the Financing will be subject to a four
month statutory hold period from the date of closing, in accordance with
applicable securities legislation. Closing of the Financing is subject to TSX
Venture Exchange acceptance.


About Golden Cariboo Resources Ltd.

The Company is an exploration and development mineral resource company focused
on the identification of potential mineral exploration projects. The Company is
listed on the NEX board of the TSX Venture Exchange under the symbol GCC.H.
Additional information about the Company is available under the Company's SEDAR
profile at www.sedar.com.


This news release has been prepared on behalf of the board of directors which
takes full responsibility for its contents.


J. Frank Callaghan, President and CEO

This News Release contains forward-looking statements. Forward-looking
statements are statements which relate to future events and conditions and
therefore involve inherent risks and uncertainties. These statements are only
predictions and involve known and unknown risks, uncertainties and other factors
that may cause actual results to be materially different from any future results
expressed or implied by these forward-looking statements. These forwardlooking
statements, and any assumptions upon which they are based, are made in good
faith and reflect our current judgment. Except as required by applicable law,
the Company does not intend to update any of the forward looking statements to
conform these statements to actual results.


These securities have not and will not be registered under the United States
Securities Act of 1933 or any state securities laws and may not be offered or
sold in the United States or to a U.S. Person unless so registered, or an
exemption from registration is available to be relied upon. This news release
does not constitute an offer of securities for sale in the United States.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Golden Cariboo Resources Ltd.
604-669-6463 or Toll Free: 1-800-663-9688
604-669-3041 (FAX)
www.theresourcegroup.ca