Cariboo Rose Resources Limited: Clarifies Previous News Release
Vancouver, February 10, 2017 - Cariboo Rose Resources Ltd. (TSX-V: CRB) ("Cariboo Rose") would like to revise a news release dated January 17, 2017 to include more detailed information regarding the contract between Cariboo Rose and Adam Bighill Cariboo Rose previously announced that it has signed an arms-length contract with Adam Bighill to assist the company in corporate development and shareholder communications. Adam recently was a member of the BC Lions Football organization and will be affiliated with the New Orleans Saints of the NFL later this year.
Adam has developed a strong interest in the junior resource market over the last several years and will be a tremendous help to Cariboo Rose in expanding our reach to investors. The company is very pleased to be working with him. His efforts on behalf of Cariboo Rose will include communicating with investment dealers, advisers and Shareholders, both current and prospective, to increase awareness of and interest in
Cariboo Rose. Mr. Bighill currently has no interest in Cariboo Rose or its securities.
Stock options have been reserved for Mr. Bighill at a price of $0.20/share for 100,000 shares with an expiry date of January 17, 2027. Either party may terminate the agreement by giving thirty (30) days notice after which the options will expire in thirty (30) days from the notice date. Mr. Bighill will be compensated by monthly payments of $500.00.
Cariboo Rose is looking forward to an exciting year working on the Canadian Creek property which is adjacent to Gold Corp.'s Coffee gold project as well as Western Copper and Gold's Casino project in the Yukon.
G. L. Garratt, P.Geo, who is a qualified person within the context of National Instrument 43-101, has read and takes responsibility for this news release.
Glen Garratt, P.Geo.
Director
Cariboo Rose Resources Ltd.
Contact:
Phone: (604) 681-7913, Toll Free: 888-656-6611
About Cariboo Rose Resources Limited
Cariboo Rose Resources is a well-funded prospect generating mineral exploration company with six precious and base metal exploration projects in BC and the Yukon. Cariboo Rose trades on the TSX Venture exchange under the symbol "CRB". For more information please visit the Company's website at www.cariboorose.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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