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Message: Garibaldi Closes Temoris Transaction, Receives 6,000,000 Shares of Paramount

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Garibaldi Closes Temoris Transaction, Receives 6,000,000 Shares of Paramount

posted on Mar 20, 09 09:00AM

Garibaldi Closes Temoris Transaction, Receives 6,000,000 Shares of Paramount Gold and Silver Corp.

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Mar 20, 2009 -- Garibaldi Resources Corp. ("Garibaldi") (CDNX:GGI.V -News), is pleased to announce that it has closed its sale to Paramount Gold and Silver Corp. ("Paramount") of Garibaldi's option interest in the 54,000 hectare Temoris Concessions, in Chihuahua State, Mexico as previously announced in Garibaldi's news release dated February 17, 2009. In consideration for the option interest, Paramount has paid Garibaldi $US400,000 in cash and issued to Garibaldi 6,000,000 shares in Paramount's capital. The shares are to be released in twelve equal tranches of 500,000 shares.

GARIBALDI RESOURCES CORP.

Steve Regoci, President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release.

Contact:

     Contacts:
     Garibaldi Resources Corp.
     Steve Regoci
     President
     (604) 482-8828
     (604) 488-8871 (FAX)
     Website: http://www.garibaldiresources.com

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