Garibaldi Resources and Global Tree Technologies Sign Option Agreement

Garibaldi Resources Corp. (TSX.V: GGI) has announced that it has entered into an option agreement with Global Tree Technologies Inc. (SXV-NEX: GTT) whereby Global can earn, in two stages, up to a 70% interest in two mineral claim blocks comprising 1,720 hectares located in the Iskut River District of northwest British Columbia.

In order to exercise its initial option to acquire a 50% interest in the King Property, Global must complete $500,000 worth of exploration expenditures on the King Property by December 31, 2013, and make payments totaling $90,000 to the original property vendor to Garibaldi. If this first option is exercised, Global will have a second option to increase its interest to 70% by spending an aggregate $1,500,000 on the King Property by December 31, 2014 and issuing 3,000,000 common shares to Garibaldi. The work to be completed and payments to be made by Global will satisfy the obligations of Garibaldi to the underlying vendor from whom Garibaldi had optioned the Property.