BLACK GOLD PROPERTY

The Company owns, through its 100% owned subsidiary, San Pedro Stone Inc., a granite quarry known as Black Gold which is located 40 kms north of Grand Forks, B.C. There is a quarry permit issued by the B.C. Ministry of Mines as well as a reclamation deposit in place.

Garibaldi's Black Gold claims are potentially suitable for extraction of dimension-stone-quality black granite. Garibaldi's management group has retained this legacy asset after securing an independent assessment indicating that the size of the deposit combined with the unique and attractive appearance of the stone had potential commercial value worthy of further evaluation. The Company continues to examine ways to unlock the value of Black Gold.