|Further to its news release of May 14, 2009, Garibaldi Resources Corp. (the “Company”) announces that it has closed its private placement as to 5,000,000 units of its securities at a price of $0.12 per unit which raised $600,000 for the Company. Each unit consists of one common share in the capital of the Company and one non-transferable share purchase warrant with each warrant entitling the holder to acquire one additional common share of the Company at a price of $0.20 per share for two years. In conjunction with the placement, the Company has paid a finder”s fee of $24,960 in cash for the introduction of subscribers for the offering. The units and any underlying shares from this placement are subject to a hold period and may not be traded until September 22, 2009.
Sprott Asset Management Inc. subscribed for 2,600,000 units of the offering on behalf of funds it manages.
The Company expects to complete the remaining 500,000 units of its offering in early June.
GARIBALDI RESOURCES CORP.
per: “Steve Regoci” Steve Regoci, President