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Trailbreaker Resources Acquires The Eakin Creek Property In South-central BC, Provides Corporate Update

March 30, 2022 – Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce the acquisition of the Eakin Creek property in south-central British Columbia (BC), and to provide a corporate update on the upcoming exploration plans for their Atsutla Gold project in northwestern BC.

Highlights of the new Eakin Creek property

  • Located 100 km north of Kamloops, and road accessible via Highway 24 and well-maintained forestry roads
  • Acquired by staking and the amalgamation of historical claims and showings
  • 100%-owned by Trailbreaker Resources with no underlying payments or royalties
  • Covers 1,610 hectares of prospective ground that drains into placer gold-bearing Eakin Creek
  • Lies within an underexplored portion of the Quesnel tectonic terrane that hosts many of BC’s producing copper and gold mines
  • Property covers some of BC’s highest gold grain-count values from government-collected till samples, and includes indicators for copper-gold (Cu-Au) porphyry deposit potential
  • Has a history of placer gold production
  • Hosts a robust gold-in-soil anomaly with 58 samples containing greater than 100 ppb Au, up to a maximum of 2,600 ppb (2.6 g/t) Au
  • Historic high-grade grab samples assay up to 2.60 oz/ton (89 g/t) Au
  • Limited outcrop sampling to date has returned a 3.0-metre chip sample interval grading 3.15 g/t Au, within a 14.0-metre interval grading 0.9 g/t Au
  • No drilling has ever been conducted on the property

See below for an expanded summary and maps of the Eakin Creek property.

Update on the Atsutla Gold project and planned 2022 exploration program

Trailbreaker’s Atsutla Gold project is located 70 km south of the Yukon-British Columbia border and 130 km northwest of the community of Dease Lake, BC. Exploration in 2021 included the discovery of widespread high-grade gold at the Highlands zone, with grab sample assays up to 630 g/t (18.38 oz/ton) gold and 1,894 g/t (55.25 oz/ton) silver (see September 13th, 2021 news release). The program also included the identification of four gold zones: the Highlands, Christmas Creek, Willie Jack, and Swan zones (see November 1st, 2021 news release).

The current claim package was recently expanded from 37,727 hectares to 40,057 hectares.

Exploration in 2022 will include planning and determination of drill hole locations for a highly anticipated diamond drilling program. Drilling permits for the Atsutla Gold project remain outstanding (specifically at the Swan zone), as such drilling in 2022 is subject to their approval. In the meantime, the Company is working with all stakeholders, First Nations, and other interested parties in the area, to ensure exploration programs continue to be conducted in a safe, environmentally responsible and sustainable manner.

An airborne LiDAR (‘light detection and ranging’) survey is currently being planned for the Atsutla Gold project in the early summer of 2022. LiDAR surveys use laser scanning to produce high-resolution, 3-D representations of the earth’s surface. These can detect subtle topographic changes which can represent geological features such as lithological contacts, faults, and quartz veins, which are all important controls on gold mineralization at the Atsutla Gold project.

Work in 2022 will also include following up on targets identified from the airborne magnetic survey completed in the fall of 2021. Structural investigation and detailed mapping will be conducted on all gold-bearing zones, as well as first-pass reconnaissance prospecting and soil sampling on newly staked ground.

Trailbreaker will combine existing information on last year’s high-grade gold discoveries and existing geophysical survey results with upcoming geophysical surveys and structural investigations, to enhance its potential for new discoveries in 2022.

More on Eakin Creek:

The Eakin Creek property is located 100 kilometres north of Kamloops, BC and can be accessed via Highway 24 and by well-maintained forest service roads (see Map 1 – Location). The property covers 1,610 ha of prospective ground that drains into placer gold-bearing Eakin Creek. Eakin Creek lies in an underexplored portion of the Quesnel tectonic terrane that hosts many of BC’s producing copper and gold mines, such as New Afton, Ajax, Mt Polley, Highland Valley, and Copper Mountain. The claim package is 100%-owned by Trailbreaker Resources with no underlying royalties or payments.

A regional-scale till sampling survey conducted by the Geological Survey of Canada has shown that this underexplored portion of the Quesnel terrane has an anomalous Cu-Au-As-Mo geochemical signature that is indicative of copper porphyry environments elsewhere in BC. Furthermore, some of BC’s highest gold grain-count values are recorded from till samples from the Eakin Creek property (see Map 2 – Regional Till Survey).

Placer gold was first discovered in Eakin Creek in the late 1800s with small scale placer mining occurring through to the 1940s. The hard rock source of the placer gold was never found and remained a mystery for over 100 years. Gold in bedrock was first discovered on the property in 1983 during the construction of Highway 24, with subsequent hard rock discoveries continuing through to the early 1990s.

The property hosts a strong, widespread gold-in-soil anomaly with 58 samples containing greater than 100 ppb Au, to a maximum of 2,600 ppb (2.6 g/t) Au (see Map 3 – Soil Geochemistry). Prospecting and trenching have proved difficult in the area due to widespread glacial till cover, however the limited prospecting and trenching completed to date have been successful in determining the causes of gold-in-soil anomalies. Numerous high-grade float rock grab samples have been obtained from surficial pits, assaying up to 2.60 oz/ton (89.13 g/t) Au and locally containing visible gold. Limited outcrop sampling to date has returned a 3.0 m chip sample interval grading 3.15 g/t Au, within a 14.0 m interval grading 0.9 g/t Au (see Map 4 – Rock Geochemistry).  Gold is associated with fracture-controlled quartz-calcite veins and breccias, hosted by a Jurassic altered diorite. The property has not been drilled to date, nor have any deep-penetrating geophysical programs been completed.

Trailbreaker’s team believes there is strong potential for a bulk-tonnage intrusive-related gold deposit underlying the glacial till, and that an induced polarization (IP) survey will be able to delineate the potential buried auriferous diorite. The team anticipates that the IP results will contribute to identification of high-quality drill targets.

Bernie Kreft purchase agreement:

Although the majority of the 1,610 ha Eakin Creek property was acquired by Trailbreaker’s staking, 2 claims in the core of the property are owned by Mr. Bernie Kreft. Trailbreaker has entered into a property purchase agreement to acquire a 100% interest in the Bernie Kreft claims. This agreement is subject to the approval of the TSX-Venture Exchange and other customary conditions. The terms consist of:

  • A cash payment of CAD$13,475 upon signing of the agreement
  • A transfer of 60,000 Trailbreaker common shares within 30 days of approval by the TSX.V

For more details and maps on Eakin Creek see the dedicated section on Trailbreaker’s website.

Message from the President

“True to our model as project generators, the Trailbreaker team has been busy throughout the winter putting together high-caliber projects and planning for the 2022 exploration season. Our flagship Atsutla project, with its high-grade gold discoveries and copper porphyry potential, will receive an aggressive exploration program designed to de-risk future drilling once permits are in place.

We are all excited with the addition of the Eakin Creek property. The project has high potential for further mineral discoveries, enhanced by its geological and geochemical settings, and by existing roads and other infrastructure.

Stay tuned for further updates as we have more exciting announcements to make in the coming weeks.”

ON BEHALF OF THE BOARD

Daithi Mac Gearailt

President and Chief Executive Officer

Carl Schulze, P. Geo., Consulting Geologist with Aurora Geosciences Ltd, is a qualified person as defined by National Instrument 43-101 for Trailbreaker’s BC and Yukon exploration projects, and has reviewed and approved the technical information in this release.

For new information about the Company’s projects, please visit Trailbreaker’s website at TrailbreakerResources.com and sign up to receive news. For further information, follow Trailbreaker’s tweets at Twitter.com/TrailbreakerLtd, use the ‘Contact’ section of our website, or contact us at (604) 681-1820 or at info@trailbreakerresources.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.

Forward-Looking Statements

Statements contained in this news release that are not historical facts are “forward-looking information” or “forward-looking statements” (collectively, “Forward-Looking Information”) within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward-Looking Information includes, but is not limited to, disclosure regarding possible events, conditions or financial performance that is based on assumptions about future economic conditions and courses of action; expectations regarding future exploration and drilling programs and receipt of related permitting. In certain cases, Forward-Looking Information can be identified by the use of words and phrases such as “anticipates”, “expects”, “understanding”, “has agreed to” or variations of such words and phrases or statements that certain actions, events or results “would”, “occur” or “be achieved”.  Although Trailbreaker has attempted to identify important factors that could affect Trailbreaker and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended.  In making the forward-looking statements in this news release, if any, Trailbreaker has applied several material assumptions, including the assumption that general business and economic conditions will not change in a materially adverse manner.  There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.  Accordingly, readers should not place undue reliance on Forward-Looking Information.  Except as required by law, Trailbreaker does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Trailbreaker Resources Expands Multiple High Grade Gold Zones At Atsutla With Phase 2 Sampling And Submits Drilling Permit Application For 2022

November 1st, 2021 – Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce the results from the Phase 2 exploration at its 100%-owned Atsutla Gold Project located in northern British Columbia.  Assay results indicate widespread high-grade gold values across all previously defined zones as well as the expansion of known gold mineralization at the Highlands zone. Assay results from the Phase 2 program include:

  • HIGHLANDS ZONE: Gold values in excess of 100 g/t gold (Au) have been returned from a 750 m x 600 m area with values as high as 222.05 g/t (6.48 oz/ton) Au at the newly discovered visible gold showing and 165.4 g/t (4.82 oz/ton) Au with 1,894 g/t (55.25 oz/ton) silver (Ag) from an area 430 meters to the south.
  • NEW – CHRISTMAS CREEK ZONE: High grade mineralization has been discovered 2.0 km east of the Highlands zone. A 30 cm-wide galena-rich quartz vein in bedrock returned assay values up to 102 g/t Au and 524 g/t Ag.
  • WILLIE JACK TREND: The source of the 1.2 km-long Willie Jack gold-in-soil trend has been confirmed. A series of metasediment-hosted quartz veins along the boundary of the Christmas Creek batholith have returned assay values up to 9.89 g/t Au from in-situ bedrock and proximal float. The veins have been traced for at least 700 meters.
  • SWAN ZONE: High-grade gold has been discovered at the Swan zone; a 900 m x 700 m Au-Ag-arsenic (As)-antimony (Sb)-copper (Cu)-molybdenum (Mo)-lead (Pb) soil anomaly, with soil samples assaying up to 406 ppb Au. Grab samples from bedrock, proximal float, and talus have returned grades up to 11.5 g/t Au in bedrock and 175 g/t Ag in float.

Daithi Mac Gearailt, CEO of Trailbreaker, commented: “We have now proved the existence of widespread, high-grade gold across all explored areas of the Atsutla Gold project. The spatial extent and high-grade nature of mineralization found at surface at the Highlands and Christmas zones has again exceeded our expectations. Confirming the bedrock source of the extensive gold-in-soil anomalies at the Willie Jack and Swan zones has moved this project into the drill planning stage. We are very excited for next season!”

With the addition of recent staking, the Atsutla Gold Project now covers 37,727 hectares and spans 36 kilometers. The project area is located 70 km south of the Yukon-British Columbia border and 130 km northwest of the community of Dease Lake, BC.

The 2021 exploration program involved the collection of 2,100 soil samples and 532 prospecting rock grab samples, as well as geological mapping and an airborne magnetic and radiometric survey. See linked map for zone and sample locations: Map 1 – Atsutla Gold Highlights.

Highlands zone – Visible gold in an extensive vein system

The Highlands zone is located in the northwestern area of the Atsutla Gold Project. Results from Phase 1 include multiple high-grade grab samples, the highest being 630.04 g/t (18.38 oz/ton) Au with 531.75 g/t (15.51 oz/ton) Ag. Also, a new visible gold zone was discovered 550 m west of these samples (see September 13, 2021 news release).

Phase 2 analysis of the visible gold zone yielded values up to 222.1 g/t Au and 55 g/t Ag. More significantly, prospecting in the vicinity of the visible gold showing revealed an extensive gossanous zone hosting one or more 20-50 cm-thick quartz veins. This vein system was traced across a 700 m x400 m area and yielded numerous high-grade gold values from grab samples of bedrock and proximal float (see Map 2 – Highlands zone).

The vein system was also identified at two other locations at opposite ends of the gossan unit:

  • An in-situ quartz vein showing, located 165m north of the initial visible gold discovery, returned values as high as 112.4 g/t Au and 75 g/t Ag. This vein was traced along a 20-meter strike length, is 20-40 cm thick, and displays abundant arsenopyrite, pyrite, and galena mineralization
  • A zone of in-situ mineralized quartz veining 430 meters south of the visible gold showing returned values up to 165.4 g/t Au with 1,894 g/t Ag and 125.0 g/t Au with 1,630 g/t Ag.
  • In total, these high-grade (>100 g/t Au) vein showings occur across a 750 m x 600 m area.

First-pass prospecting to the northeast of the Highlands zone area yielded a sample assaying 9.9 g/t Au, located 2.5 km northeast of the visible gold showing.

Christmas Creek zone – New high-grade gold discoveries in bedrock

The Christmas Creek zone is located across the Christmas Creek valley, ~2 km east of the Highlands zone (see Map 3). To date, very limited exploration has been conducted in this area. Phase 2 prospecting at the Christmas Creek zone discovered a 30 cm-wide galena-rich quartz vein in bedrock which returned values up to 102 g/t Au and 524 g/t Ag. A sample of quartz float material 170 meters northwest from the bedrock samples returned an assay of 50.6 g/t Au and 85 g/t Ag.

Willie Jack trend – Bedrock source of 1.25-kilometer-long Au-As-Ag-Mo-Te soil anomaly confirmed

Phase 2 prospecting has confirmed the source of the extensive gold-in-soil anomaly (termed the Willie Jack trend) reported in the September 13, 2021 news release. The Willie Jack trend occurs along the southwestern margin of the early Jurassic Christmas Creek Batholith, where it lies in contact with older, Permian Kedahda Formation metasediments.  The trend is at least 1.25 kilometers long, and falls within a broader anomalous gold trend of 6.5 kilometers. It is characterized by anomalous Au-As-Ag-Mo-tellurium (Te) soil sample values, with soil sample assays up to 3,767 ppb (3.77 g/t) Au. Sampling of quartz float and quartz in metasedimentary bedrock indicate that the anomalous gold-in-soil trend originates from a series of metasediment-hosted, northwest-trending auriferous quartz veins.

Phase 2 prospecting along this trend involved follow-up on the higher-grade soil samples. Multiple quartz veins were uncovered, both as in-situ bedrock, and as proximal float. The highest grade returned from the trend is 9.89 g/t Au, from an in-situ sample of quartz vein material. Rock samples along trend 700 meters to the southeast returned assay values up to 2.01 g/t Au (see Map 4 – Willie Jack trend). Prospecting an additional 4.1 km to the southeast has uncovered additional quartz veining, with assay values up to 1.56 g/t Au. A chip sample across siliceous quartzite in this area yielded 0.35 g/t Au over 6.5m.

Swan zone – New high-grade gold discoveries within an intrusive-hosted 900m x 700m Au-As-Ag-Sb-Cu-Mo-Pb soil anomaly

The Phase 2 program has also led to the discovery of high-grade gold at the Swan zone, located in the eastern area of the Atsutla claim block. Rock sample assays returned grades up to 11.5 g/t Au and 175 g/t Ag.

The Swan zone area was staked to cover a historical molybdenum-copper porphyry prospect that was discovered in the late 1960s and explored periodically since then. Despite collection of more than 500 soil and surface rock samples, and completion of almost 1,000 meters of shallow diamond drilling, no geochemical analysis for gold was ever completed before Trailbreaker staked the area.

The initial Phase 1 program at the Swan zone involved the completion of a soil sampling grid adjacent to the historical drilling on a large gossanous ridge. Assay results from the soil sampling revealed a ~900 m x 700 m Au-As-Ag-Sb-Cu-Mo-Pb soil anomaly, with soil samples assaying up to 406 ppb Au. The core of the soil anomaly is located ~1.2km east of the historical drilling. The anomaly occurs within a leucogranite-porphyry unit of the Upper Cretaceous Glundebery Batholith.

Phase 2 involved one day of follow-up work in this area and uncovered significant arsenopyrite mineralization in bedrock, proximal float, and talus float. Rock samples taken from a mid-slope outcrop returned grades of 11.5 g/t Au with 16.8 g/t Ag, and 8.39 g/t Au with 55.8 g/t Ag (see Map 5 – Swan zone). A sample of proximal float 200 m southeast of this outcrop yielded grades of 7.6 g/t Au with 175 g/t Ag. Numerous other samples assayed >1 g/t Au in a 500 m x 200 m area within the soil anomaly.

Airborne survey

An airborne magnetic and radiometric survey has recently been completed at the Atsutla Gold project. The survey covered the Highlands and Christmas Creek zones, as well as the Willie Jack trend. Trailbreaker is currently reviewing and compiling the data. Maps and data will be presented in an upcoming news release.

Drill Permitting

A permit for diamond drilling at the Atsutla Gold project has been submitted to the British Columbia Ministry of Mines.

 

Message from the President

“Once again the exploration team has come through and surpassed expectations at the Atsutla project. With a solid geochemical database and new geophysical data on our hands, we are carefully determining the next steps for the project. While properly evaluating these high-grade gold showings is our focus, the majority of the claim block is untouched ground, and one can only imagine what remains to be found at Atsutla.”

ON BEHALF OF THE BOARD

Daithi Mac Gearailt

President and Chief Executive Officer

OTHER

Sample analysis and assaying for all of Trailbreaker’s projects have been conducted by Bureau Veritas Mineral Laboratories Canada in Vancouver, BC, which is an ISO-17025 accredited laboratory. Rock samples were crushed, split and pulverized to a 250 g pulp passing through a 200 mesh screen (prep code PRP70-250). For gold analysis, a 50 g split underwent fire assay with an ICP-ES finish (FA350-Au). Samples assaying >10 ppm Au were re-analyzed with a gravimetric finish (FA550-Au). Samples also underwent 37-element analysis involving aqua regia digestion and ICP-ES/MS analysis (AQ200). Soil samples were sieved to 80 mesh (prep code SS80) and underwent a 37-element analysis involving aqua regia digestion and ICP-ES/MS analysis (AQ201).

Rigorous quality assurance procedures are in place regarding sample collection, chain of custody and data entry. Certified QA/QC standard and blank reference samples are routinely inserted into the sample stream to ensure integrity of the assay process. The reader is cautioned that grab samples are single rock samples typically, but not exclusively, constrained to mineralization. Grab samples are selective in nature and collected to determine the presence or absence of metal values. These do not necessarily provide an accurate representation of the tenor of the targeted zone sampled.

Carl Schulze, P. Geo., Consulting Geologist with Aurora Geosciences Ltd, is a qualified person as defined by National Instrument 43-101 for Trailbreaker’s BC and Yukon exploration projects, and has reviewed and approved the technical information in this release.

For new information about the Company’s projects, please visit Trailbreaker’s website at TrailbreakerResources.com and sign up to receive news. For further information, follow Trailbreaker’s tweets at Twitter.com/TrailbreakerLtd, use the ‘Contact’ section of our website, or contact us at (604) 681-1820 or at info@trailbreakerresources.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.

Forward-Looking Statements

Statements contained in this news release that are not historical facts are “forward-looking information” or “forward-looking statements” (collectively, “Forward-Looking Information”) within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward-Looking Information includes, but is not limited to, disclosure regarding possible events, conditions or financial performance that is based on assumptions about future economic conditions and courses of action; expectations regarding future exploration and drilling programs and receipt of related permitting. In certain cases, Forward-Looking Information can be identified by the use of words and phrases such as “anticipates”, “expects”, “understanding”, “has agreed to” or variations of such words and phrases or statements that certain actions, events or results “would”, “occur” or “be achieved”.  Although Trailbreaker has attempted to identify important factors that could affect Trailbreaker and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended.  In making the forward-looking statements in this news release, if any, Trailbreaker has applied several material assumptions, including the assumption that general business and economic conditions will not change in a materially adverse manner.  There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.  Accordingly, readers should not place undue reliance on Forward-Looking Information.  Except as required by law, Trailbreaker does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

TRAILBREAKER RESOURCES’ rock chip sample returns 25.4 g/t gold, 882 g/t silver over 1.5 meters at Skelly property, and extends known gold mineralization by 200 meters

October 4th, 2021 – Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce results from the 2021 exploration program at their 100%-owned Skelly property in northern British Columbia (BC).

A chip sample across a historic showing re-identified by Trailbreaker in 2020 has returned an assay of 25.4 g/t gold (Au) and 882 g/t silver (Ag) over 1.5m. Further prospecting 200 meters to the west of the historic showings has identified a new gold zone, with outcrop grab samples assaying up to 3.43 g/t Au and 78.3 g/t Ag. Soil sample results indicate the zone extends at least another 250m farther west and remains open (see attached map – Skelly Property Exploration Highlights).

Daithi Mac Gearailt, CEO of Trailbreaker, commented: “The chip sample results confirm the high-grade nature of the historic showing that the team re-identified last year. It is also very encouraging that new mineralization has been found in the area and the soil samples show there is potential for more to be discovered.”

About Skelly

Covering 2,526 hectares, the Skelly property is located just south of the Yukon-BC border, approximately 100 km south of Whitehorse, Yukon.

The property is contiguous to Bessor Minerals’ 8,178-hectare Golden Eagle property that contains significant drilled gold prospects comprising high-grade, gold-bearing quartz-sulphide veins. Although exploration on the Skelly property dates back to the 1890s, old shafts provide the only evidence of past work. Before 2020, no modern exploration has been documented on the majority of the Skelly property.

In the summer of 2020, Trailbreaker conducted a short, 3-day first pass reconnaissance exploration program that re-identified historic shafts. Grab samples obtained from quartz veins within these assayed up to 1.03 oz/ton gold and 14.24 oz/ton silver (see October 5th, 2020 news release for more information). The auriferous quartz veins were sampled over a 180-meter northwest-trending shear zone, open along strike and paralleling a contact with granitic rocks.

2021 Exploration

A brief, two-day exploration program was conducted at the Skelly property in 2021 to follow-up on 2020 assay results, and to explore a portion of newly staked ground. The team collected 111 soil samples, 28 prospecting rock grab samples, and one rock chip sample.

The chip sample was conducted across the previously identified historic showing and returned an assay of 25.4 g/t Au and 882 g/t Ag over 1.5m. A grab sample located 3 meters from the chip sample also yielded high gold and silver grades, assaying 22.4 g/t Au and 1,147 g/t Ag. Mineralization related to this historic showing has been traced along strike for 180 meters to the northwest. It is interpreted to be related to a shear zone at the contact between late Cretaceous granite to the southwest, and older, late Paleozoic metamorphic rocks to the northeast.

Newly identified mineralization was discovered 200m west-southwest of the historic showings in a deeply incised creek canyon which also cuts through the high-grade shear which hosts the historic showings. Multiple ‘stacked’ quartz-pyrite-arsenopyrite veins were identified. These veins are typically shallow dipping to flat lying, and 20-30cm in width. Assays returned grades as high as 3.43 g/t Au and 78.3 g/t Ag with anomalous molybdenum (Mo), copper (Cu), lead (Pb), arsenic (As), antimony (Sb), bismuth (Bi), and tellurium (Te).

Soil sample results indicate that the gold mineralization discovered in this zone likely extends westward along the creek for a minimum of 250m and remains open. A series of four soil samples over 150m assayed anomalous gold values ranging from 24.1 ppb Au to 65.6 ppb Au.

Prospecting 1.5 km northwest of the high-grade gold zone has also uncovered a zone of gossanous shears in metamorphic rock close to the granite contact. One rock grab sample of local pyritic float returned an assay of 0.21 g/t Au.

A significant portion of the 2,526-hectare property remains un-explored.

Message from the President

“In two short days of exploration the Trailbreaker team has managed to both expand the mineralized zone and yield new targets for future exploration. There is a lot of blue sky at the Skelly property and I am excited to see what we’ll find next.”

ON BEHALF OF THE BOARD

Daithi Mac Gearailt

President and Chief Executive Officer

OTHER

Sample analysis and assaying for all of Trailbreaker’s projects have been conducted by Bureau Veritas Mineral Laboratories Canada in Vancouver, BC, which is an ISO-9001 accredited laboratory. Rock samples were crushed, split and pulverized to a 250 g pulp passing through a 200 mesh screen (prep code PRP70-250). For gold analysis, a 50 g split underwent fire assay with an ICP-ES finish (FA350-Au). Samples assaying >10 ppm Au were re-analyzed with a gravimetric finish (FA550-Au). Samples also underwent 37-element analysis involving aqua regia digestion and ICP-ES/MS analysis (AQ200). Soil samples were sieved to 80 mesh (prep code SS80) and underwent a 37-element analysis involving aqua regia digestion and ICP-ES/MS analysis (AQ201).

Rigorous quality assurance procedures are in place regarding sample collection, chain of custody and data entry. Certified QA/QC standard and blank reference samples are routinely inserted into the sample stream to ensure integrity of the assay process. The reader is cautioned that grab samples are single rock samples typically, but not exclusively, constrained to mineralization. Grab samples are selective in nature and collected to determine the presence or absence of metal values. These do not necessarily provide an accurate representation of the tenor of the targeted zone sampled.

Carl Schulze, P. Geo., Consulting Geologist with Aurora Geosciences Ltd, is a qualified person as defined by National Instrument 43-101 for Trailbreaker’s BC and Yukon exploration projects, and has reviewed and approved the technical information in this release.

For new information about the Company’s projects, please visit Trailbreaker’s website at TrailbreakerResources.com and sign up to receive news. For further information, follow Trailbreaker’s tweets at Twitter.com/TrailbreakerLtd, use the ‘Contact’ section of our website, or contact us at (604) 681-1820 or at info@trailbreakerresources.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.

Forward-Looking Statements

Statements contained in this news release that are not historical facts are “forward-looking information” or “forward-looking statements” (collectively, “Forward-Looking Information”) within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward-Looking Information includes, but is not limited to, disclosure regarding possible events, conditions or financial performance that is based on assumptions about future economic conditions and courses of action; expectations regarding future exploration and drilling programs and receipt of related permitting. In certain cases, Forward-Looking Information can be identified by the use of words and phrases such as “anticipates”, “expects”, “understanding”, “has agreed to” or variations of such words and phrases or statements that certain actions, events or results “would”, “occur” or “be achieved”.  Although Trailbreaker has attempted to identify important factors that could affect Trailbreaker and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended.  In making the forward-looking statements in this news release, if any, Trailbreaker has applied several material assumptions, including the assumption that general business and economic conditions will not change in a materially adverse manner.  There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.  Accordingly, readers should not place undue reliance on Forward-Looking Information.  Except as required by law, Trailbreaker does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Trailbreaker Resources Mobilizes Its Exploration Team To The Atsutla Gold Project, Northwestern British Columbia

June 14th, 2021 – Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce the mobilization of its exploration team to its 100%-owned Atsutla Gold project, located in northwestern British Columbia (BC).

This Phase 1 program will involve reconnaissance and detailed geochemical soil sampling, prospecting, and geological mapping at both the Willie Jack and Swan properties which comprise the Atsutla Gold project. The Company intends to thoroughly follow-up on the high-grade discoveries made at Willie Jack in 2020 as well as explore newly staked ground. In addition to this, the team will re-examine the historic exploration and drilling done at the Swan property, with a renewed focus on gold mineralization.

The Atsutla Gold project covers over 23,000 hectares and is located 70 km south of the Yukon-BC border and 130 km northwest of the community of Dease Lake, BC.

 

Willie Jack

In March of 2020, the Trailbreaker team generated the Willie Jack target and conducted a first pass reconnaissance program. The program lead to the discovery of widespread gold mineralization across 6 kilometres, with rock grab samples assaying up to 164 g/t (4.78 oz/ton) gold (Au) and soils sample results exceeding 800 ppb (0.8 g/t) Au (see Willie Jack news release dated October 19th, 2020). Rock grab samples also returned assays up to 257 g/t silver (Ag) and 1.7 % copper (Cu). The mineralization discovered to date is related to the Mesozoic intrusive batholiths that comprise the Atsutla mountain range, and shares characteristics of both Cu-Au porphyry-type and intrusion-related gold deposits.

 

Swan

Due to the success of the first pass results at the Willie Jack property, Trailbreaker generated and staked the Swan property which now covers over 13,000 hectares (see Swan news release dated March 22nd, 2021). The Swan claims cover a historical molybdenum (Mo) porphyry prospect that was discovered in the late 1960s and periodically explored during the past 50 years. Despite more than 500 soil and rock surface samples and almost 1,000 meters of shallow diamond drilling, no geochemical analysis for gold was ever completed. Historical geological mapping and drill hole logs have shown a complex intrusive system with widespread quartz-feldspar porphyritic monzonite cut by a variety of felsic and mafic dikes.

Molybdenite-pyrite mineralization is closely associated with sheeted quartz veins, quartz stockwork and breccia zones. The historical drilling at Swan intersected broad, low to mid-grade molybdenite mineralization, returning up to 0.06% Mo over 73m, as well as several significant silver intercepts including >26 g/t Ag over 3 meters.

Historical work also included a detailed soil geochemical survey completed in 2007 which outlined a large, open-ended copper-silver-arsenic (Cu-Ag-As) soil anomaly that lies outside of the drilled Mo prospect. Furthermore, a 1972 induced polarization (IP) survey outlined a chargeability anomaly which coincides with this soil anomaly and has been interpreted to potentially represent a pyrite halo above a buried porphyry system.

Trailbreaker’s team has concluded that the Swan and Willie Jack property areas were previously overlooked for gold potential, due to low gold prices at the time.

 

Message from the President

“The Trailbreaker team and myself are excited to get back into the field. After a winter of project planning, we are confident we will be able to expand upon our recent gold and copper discoveries, and also find new mineralization in this highly prospective area. Stay tuned for further news from Trailbreaker.”

ON BEHALF OF THE BOARD

Daithi Mac Gearailt

President and Chief Executive Officer

Carl Schulze, P. Geo., Consulting Geologist with Aurora Geosciences Ltd, is a qualified person as defined by National Instrument 43-101 for Trailbreaker’s BC and Yukon exploration projects, and has reviewed and approved the technical information in this release.

For new information about the Company’s projects, please visit Trailbreaker’s website at TrailbreakerResources.com and sign up to receive news. For further information, follow Trailbreaker’s tweets at Twitter.com/TrailbreakerRes, use the ‘Contact’ section of our website, or contact us at (604) 681- 1820 or at info@trailbreakerresources.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.

Forward-Looking Statements

Statements contained in this news release that are not historical facts are “forward-looking information” or “forward-looking statements” (collectively, “Forward-Looking Information”) within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward-Looking Information includes, but is not limited to, disclosure regarding possible events, conditions or financial performance that is based on assumptions about future economic conditions and courses of action; expectations regarding future exploration and drilling programs and receipt of related permitting. In certain cases, Forward-Looking Information can be identified by the use of words and

phrases such as “anticipates”, “expects”, “understanding”, “has agreed to” or variations of such words and phrases or statements that certain actions, events or results “would”, “occur” or “be achieved”. Although Trailbreaker has attempted to identify important factors that could affect Trailbreaker and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. In making the forward-looking statements in this news release, if any, Trailbreaker has applied several material assumptions, including the assumption that general business and economic conditions will not change in a materially adverse manner. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. Except as required by law, Trailbreaker does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Trailbreaker Closes Financing

May 12, 2021 – Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce that it has received TSX Venture Exchange approval to close their private placement financing consisting, previously announced May 4, 2021, for total gross proceeds of $1,048,610.

The Company will now issue  800,000 non-flow-through Units for gross proceeds (the “Units”), each $0.25 Unit priced consisting of 1 common share of the Company and 1 common share purchase warrant (the “Unit Warrants”), each Unit Warrant being exercisable for an additional common share of the Company at $0.39 for 24 months from closing, subject to the right of the Company to accelerate the exercise period should, after the expiration of the 4 month hold, shares of the Company trade close at or above $0.59 for 10 consecutive trading days. Proceeds of this portion of the financing will be used for general corporate purposes, that may include corporate development and property acquisition.

The Company will also now issue 2,424,600 flow-through units (the “FT Units”), each $0.35 FT Unit consisting of 1 flow-through share and 1 common share purchase warrant (the “FT Unit Warrants”), each full FT Unit Warrant being exercisable at $0.49 for a common share of the Company for 24 months. The flow-through shares will entitle the holder to receive tax benefits applicable to flow-through shares in accordance with the provisions of the Income Tax Act (Canada). Proceeds of the financing will be used to advance Trailbreaker’s newly assembled Atsutla Gold Project in the province of British Columbia.

All securities issued pursuant to this financing are subject to a 4-month hold period., such hold expiring September 14, 2021.

Cash finders’ fees totaling $52,117 are being paid to various finders.

ON BEHALF OF THE BOARD
Daithi Mac Gearailt
President and Chief Executive Officer

For new information about the Company’s projects, please visit Trailbreaker’s website at TrailbreakerResources.com and sign up to receive news. For further information, follow Trailbreaker’s tweets at Twitter.com/TrailbreakerRes, use the ‘Contact’ section of our website, or contact us at (604) 681-1820 or at info@trailbreakerresources.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.

Forward-Looking Statements

Statements contained in this news release that are not historical facts are “forward-looking information” or “forward-looking statements” (collectively, “Forward-Looking Information”) within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward-Looking Information includes, but is not limited to, disclosure regarding possible events, conditions or financial performance that is based on assumptions about future economic conditions and courses of action; expectations regarding future exploration and drilling programs and receipt of related permitting. In certain cases, Forward-Looking Information can be identified by the use of words and phrases such as “anticipates”, “expects”, “understanding”, “has agreed to” or variations of such words and phrases or statements that certain actions, events or results “would”, “occur” or “be achieved”.  Although Trailbreaker has attempted to identify important factors that could affect Trailbreaker and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended.  In making the forward-looking statements in this news release, if any, Trailbreaker has applied several material assumptions, including the assumption that general business and economic conditions will not change in a materially adverse manner.  There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.  Accordingly, readers should not place undue reliance on Forward-Looking Information.  Except as required by law, Trailbreaker does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

 

Trailbreaker Resources Closes Financing

May 4th, 2021 – Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce that, subject to regulatory approval, it has closed their private placement financing consisting of Hard Dollar Units and Flow-Through Units, for total gross proceeds of $1,048,610, an increase of $48,610 more than originally anticipated.  Both offerings received support from strategic accredited investors.

The Company has closed on 800,000 non-flow-through Units for gross proceeds of $200,000 (the “Units”), each $0.25 Unit priced consisting of 1 common share of the Company and 1 common share purchase warrant (the “Unit Warrants”), each Unit Warrant being exercisable for an additional common share of the Company at $0.39 for 24 months from closing, subject to the right of the Company to accelerate the exercise period should, after the expiration of the 4 month hold, shares of the Company trade close at or above $0.59 for 10 consecutive trading days. Proceeds of this portion of the financing will be used for general corporate purposes, that may include corporate development and property acquisition.

The Company has also closed on 2,424,600 flow-through units for gross proceeds of $848,610 (the “FT Units”), each $0.35 FT Unit consisting of 1 flow-through share and 1 common share purchase warrant (the “FT Unit Warrants”), each full FT Unit Warrant being exercisable at $0.49 for a common share of the Company for 24 months. The flow-through shares will entitle the holder to receive tax benefits applicable to flow-through shares in accordance with the provisions of the Income Tax Act (Canada). Proceeds of the financing will be used to advance Trailbreaker’s newly assembled Atsutla Gold Project in the province of British Columbia.

All securities issued pursuant to this financing are subject to a 4-month hold period.

On receipt of regulatory approval and in accordance with the policies of the TSX Venture Exchange, cash finders’ fees totaling $50,016.90 will be paid.

ON BEHALF OF THE BOARD
Daithi Mac Gearailt
President and Chief Executive Officer

For new information about the Company’s projects, please visit Trailbreaker’s website at TrailbreakerResources.com and sign up to receive news. For further information, follow Trailbreaker’s tweets at Twitter.com/TrailbreakerRes, use the ‘Contact’ section of our website, or contact us at (604) 681-1820 or at info@trailbreakerresources.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.

Forward-Looking Statements

Statements contained in this news release that are not historical facts are “forward-looking information” or “forward-looking statements” (collectively, “Forward-Looking Information”) within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward-Looking Information includes, but is not limited to, disclosure regarding possible events, conditions or financial performance that is based on assumptions about future economic conditions and courses of action; expectations regarding future exploration and drilling programs and receipt of related permitting. In certain cases, Forward-Looking Information can be identified by the use of words and phrases such as “anticipates”, “expects”, “understanding”, “has agreed to” or variations of such words and phrases or statements that certain actions, events or results “would”, “occur” or “be achieved”.  Although Trailbreaker has attempted to identify important factors that could affect Trailbreaker and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended.  In making the forward-looking statements in this news release, if any, Trailbreaker has applied several material assumptions, including the assumption that general business and economic conditions will not change in a materially adverse manner.  There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.  Accordingly, readers should not place undue reliance on Forward-Looking Information.  Except as required by law, Trailbreaker does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.