Survey Report :: Garibaldi Resources Corp.

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Company Fact Sheet

Date of Report:		May 21
Company Name:		Garibaldi Resources Corp.
Stock Symbol:		GGI
Exchange:		Venture
Company Website:		www.garibaldiresources.com


Section A. Financial
1. When was the Company incorporated?		before 2000
2. Nature of current operations:		Exploration
3. Shares outstanding:		39,400,000
4. Shares fully diluted:		42,900,000
5. Options outstanding (grouped in reverse order by date):
	1 (most recent)	2	3	4
Number	1,200,000	650,000	350,000	1,200,000
Price	$0.60	$0.35	$0.25	$0.20
Expiry	2012	2011	2010	2010
6. Warrants outstanding, excluding brokers' warrants (in reverse order by date):
	1 (most recent)	2	3	4
Number
Price
Expiry
7. Financings in the past 24 months:
	1 (most recent)	2	3	4
Number of shares	75,000	4,000,000
Price of shares	$0.60	$0.60
Number of warrants (excluding brokers' warrants)		Sprott Sec.
Exercise price of warrants
8. Total number of shareholders:		1000-1999
9. Insider holdings:
Number of shares		15,000,000
Number of options		900,000
Number of warrants
10. Is there a share-based incentive plan?		Yes
11. If yes, detail:	Key employees and geologists have director and employee options.
12. Is there a Shareholders' Rights Plan in place?		No
13. Does a larger unrelated mining company hold greater than 5% of common shares, or is a joint venture with a larger company now in place?		No
14. Cash and short-term investments on hand ($):		$800,000
15. Book value of ABCP ($):		$0-99k
16. How many geologists (full-time equivalent) are engaged		6
by the company?

Section B. On the subject of the lead geologist:
1. Name:		Ray Roripaugh
2. Is this a Qualified person as defined in terms of NI 43-101?		Yes
3. Years of experience in the field:		20+
4. Has this person played a key role in advancing a project from early exploration to:
a) historic (non-compliant) resource, pre-NI 43-101		Yes
If yes, detail:	Cerro Verde, Sonora State, Mexico
b) NI 43-101 resource estimate		Yes
If yes, detail, if different from above:	Laminco, San Antonio deposits, Sonora State Mexico
c) joint venture with or buyout by a larger mining company		Yes
If yes, detail, if different from above:		spent last 4 years at Palmarejo with Bolnisi, acquired six months ago by Coeur d'Alene mines for $1.1 Billion U.S. Temoris,Chihuahua State Mexico.
d) an operating mine
If yes, detail, if different from above:

Section C. On the subject of the lead executive responsible for financing:
1. Name:		Steve Regoci
2. Years of experience in the field:		20+
3. Total funds ($CAD) raised for this company:		5m-9.9m
4. Total funds ($CAD) raised in the mining sector:		20m-49.9m

Section D. Property #1
1. Name of the property:		Morelos, Chihuahua State (option to acquire 100%)
2. Location:		Mexico
3. Key resource targets (up to four):	Gold	Silver	Copper	Zinc
4. Is there paved road access to the property?		No
5. Distance to the nearest major city:		50 km.+
6. Distance to the nearest adequate power grid:		5-9.9 km.
7. Distance to the nearest adequate water supply:		<5 km.
8. Distance to the nearest adequate labour supply:		<5 km.
9. Distance to the nearest rail suitable for transport:		50 km.+
10. Distance to the nearest port suitable for transport:		50 km.+
11. Distance to the nearest protected wildlife refuge:		50 km.+
12. Distance to the nearest tourist resort:		50 km.+
13. What is the mean elevation (msl) of the property?		1000-4999m.
14. Has this property been meaningfully mined before?		No
15. If yes, please describe any remaining usable infrastructure:	small scale, deepest mine only 4-6 levels underground, unpaved dirt roads, power line through property,good access to water
16. Is this property currently an operating mine?		No
17. If no, distance to the nearest mine for target metals:		10-19.9km.
18. Name of that mine and operator:		El Sauzal,Goldcorp
19. Is there a NI 43-101 compliant resource report for the property?		No
20. If yes, please describe the key report estimates:	NI43-101 author Peter Megaw on Sedar
21. If no, distance to nearest property with NI 43-101		20-49.9 km.
compliant resource report.
22. Name of that property and operator:		Batopilas, MAG Silver

23. Is the property owned outright by the company?		No
24. If no, has the company secured mineral rights?		Yes
25. If no, has the company secured surface rights?		No
26. Does the company have permitting to explore the property?		Yes
27. Does the company have permitting to mine the property?		No
28. Total metres of drilling now completed:		1-4,999
29. Total metres of drilling planned for next 12 months:		1-4,999
30. Number of drilling rigs now on the property:		1
31. Number of new rigs planned for next 12 months:
32. Number of months/yr. this property is open to exploration:		12
33. Number of months/yr. this property is open to mining:
34. Exploration budget on this property for next 12 months:		$1,200,000
35. Has metallurgical testing been completed in support of the case		No
for successful recovery of target metals for this deposit?

For this property, describe up to the three best drilling results:
Hole number 1
36. Name	El Indio
	Mineralized Metres	Metal	Grade	Measure
37. - 40.	1	Gold	4.00	gpt
		Copper	0.58	%
		Zinc	8.50	%
Hole number 2
41. Name	El Indio
	Mineralized Metres	Metal	Grade	Measure
42. - 45.	20	Gold	0.30	gpt


Hole number 3
46. Name	El Indio
	Mineralized Metres	Metal	Grade	Measure
47. - 50.	20	Gold	0.20	gpt


51. Website link to detailed drilling results:	Garibaldi purchased NQ diamond drill to test first drill target.

Section E. Property #2
1. Name of the property:		Temoris, Chihuahua State (option to acquire 100%)
2. Location:		Mexico
3. Key resource targets (up to four):	Silver	Gold
4. Is there paved road access to the property?		No
5. Distance to the nearest major city:		<5 km.
6. Distance to the nearest adequate power grid:		5-9.9 km.
7. Distance to the nearest adequate water supply:		<5 km.
8. Distance to the nearest adequate labour supply:		<5 km.
9. Distance to the nearest rail suitable for transport:		<5 km.
10. Distance to the nearest port suitable for transport:		50 km.+
11. Distance to the nearest protected wildlife refuge:		50 km.+
12. Distance to the nearest tourist resort:		50 km.+
13. What is the mean elevation (msl) of the property?		1000-4999m.
14. Has this property been meaningfully mined before?		Yes
15. If yes, please describe any remaining usable infrastructure:	unpaved roads, power line, three old mills in vicinity at La Currita, San Miguel and La Verde.
16. Is this property currently an operating mine?		No
17. If no, distance to the nearest mine for target metals:		5-9.9 km.
18. Name of that mine and operator:		Palmarejo recently purchased by Coeur d'Alene mines 6 months ago for $1.1 Billion U.S.,Permitted and scheduled for production in early 2009.
19. Is there a NI 43-101 compliant resource report for the property?		No
20. If yes, please describe the key report estimates:
21. If no, distance to nearest property with NI 43-101		<5 km.
compliant resource report:
22. Name of that property and operator:		Palmarejo, Coeur d'Alene mines. Garibaldi's 54,000 hectares dominant land position in district, virtually surrounds Coeur's 12,000 hectare Palmarejo 3,000,000 gold equivalent oz.
23. Is the property owned outright by the company?		No
24. If no, has the company secured mineral rights?		Yes
25. If no, has the company secured surface rights?		No
26. Does the company have permitting to explore the property?		Yes
27. Does the company have permitting to mine the property?		No
28. Total metres of drilling now completed:
29. Total metres of drilling planned for next 12 months:
30. Number of drilling rigs now on the property:
31. Number of new rigs planned for next 12 months:
32. Number of months/yr. this property is open to exploration:
33. Number of months/yr. this property is open to mining:
34. Exploration budget on this property for next 12 months:		$500,000
35. Has metallurgical testing been completed in support of the case		No
for successful recovery of target metals for this deposit?

For this property, describe up to the three best drilling results:
Hole number 1
36. Name
37. - 40.	Mineralized Metres	Metal	Grade	Measure



Hole number 2
41. Name
42. - 45.	Mineralized Metres	Metal	Grade	Measure



Hole number 3
46. Name
47. - 50.	Mineralized Metres	Metal	Grade	Measure



51. Website link to detailed drilling results:

Additional comments provided by the Company
Garibaldi controls 3500 sq. Kms of strategic concessions in Mexico's Sierra Madres Eight distict scale projects cover gold,silver,copper,moly and zinc targets. two projects are options to acquire 100%,4 are owned 100% and 2 await titles for 100%. Strategy is to acquire properties exhibiting broad zones of virtually unexplored hydrothermal alteration. These massive land holdings are being systematically mapped by spaceborne ASTER imaging and followed up by higher resolution hyperspectral fixed wing surveys. The results of this approach will generate dozens of value added targets that the company will both explore and farm out to joint venture partners.Garibaldi owns its own NQ diamond drill.