Garibaldi wins Obispo Concession at Sonora Lottery

Garibaldi wins Obispo Concession at Sonora Lottery

Vancouver, British Columbia - February 1, 2012 Garibaldi Resources Corp. (TSX.V: GGI) (the Company) is pleased to announce that it has received final title documents for the Obispo concession from the Mexican Ministry of Mines. The Companys wholly-owned subsidiary Minera Pender S.A. de C.V. was awarded a 100% interest in 4620 hectares (46 square kilometres) of strategic mineral claims at the government lottery held on September 29, 2011. The Obispo concession is contiguous to Garibaldis existing holdings and adds to the companys dominant land position at its district scale Tonichi Property (see attached map) 160 kilometres southeast of Hermosillo, Sonora State, Mexico.

Garibaldis Tonichi concessions now cover 51,412 hectares and host a multitude of mineral prospects within broad zones of intense alteration over many square kilometres. These target areas are being explored for potential drill targets in addition to the Locust gold in soil anomaly which is presently being test drilled with the Company-owned NQ/BQ diamond drill at Tonichi north (see news release dated November 29, 2011). Mineralization in the area is prospective for large bulk tonnage gold and copper deposits.

About Garibaldi Resources

Garibaldi Resources Corp. is a Canadian junior mining company utilizing the most sophisticated remote sensing technology in the world to explore for new gold silver and base metal deposits in the central and northern parts of Mexicos prolific Sierra Madre. The Company controls seven district scale projects covering more than 2,500 square kilometres of strategically located concessions close to some of the most robust gold and silver mining projects ever discovered in Mexico including El Sauzal, Mulatos and Ocampo.

We seek safe harbour.

GARIBALDI RESOURCES CORP.

per: Steve Regoci
Steve Regoci, President

To view the entire press release please follow the link:

http://www.irw-press.com/dokumente/ObispoMap_080212.pdf

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or the accuracy of this release.