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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 Samples Up To 18.38 Ounces Per Ton (630.04 Grams Per Tonne) Gold, Discovers Visible Gold Showings, And Defines Three Gold Zones At Atsutla Gold Project

September 13th, 2021 – Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce the definition of three gold zones (‘Highlands’, ‘Willie Jack’, and ‘Swan’) at their 100%-owned Atsutla Gold Project, and confirmation of the discovery of widespread visible gold in quartz float. Phase 1 grab sample assay results returned grades as high as 630.04 g/t (18.38 oz/ton) gold (Au) from an area 550 meters away from a newly discovered zone comprising samples with visible gold (Highlands zone). Assays from the Phase 2 program remain pending.

Soil sampling and prospecting have also defined two other gold zones at Atsutla: a 1.25-kilometer-long gold (Au)-arsenic (As)-silver (Ag)-molybdenum (Mo)-tellurium (Te) geochemical anomaly, with soil sample values up to 3,767 ppb Au (‘Willie Jack trend’); and a 900m x 700m Au-As-Ag-antimony (Sb)-copper (Cu)- Mo-lead (Pb) geochemical anomaly, with soil sample values up to 406 ppb Au (‘Swan zone’). The Swan zone anomaly is directly adjacent to a historic molybdenum-copper (Mo-Cu) porphyry prospect that was not previously explored or analyzed for gold.

Daithi Mac Gearailt, CEO of Trailbreaker, commented: “The newly released Phase 1 assay results, coupled with the visible gold discovered during Phase 2, confirm that this is a high-grade gold-bearing system. Considering the size of the current geochemical soil anomalies, along with widespread visible gold found to date, I am very confident that more high-grade results will follow.”

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 Phase 1 and 2 exploration programs involved the collection of 2,100 soil samples and 532 prospecting rock grab samples, as well as geological mapping.

Efforts were focused on follow-up of the high-grade gold, silver, and copper discoveries made at the Willie Jack zone in 2020, as well as first-pass reconnaissance of newly-staked, unexplored ground southeast of the initial discoveries. The exploration team also completed a first-pass exploration program at the Swan zone, which hosts a historic Mo-Cu porphyry prospect.

See linked maps for zone and sample locations (Map 1 – Overview, Map 2 – Highlights).

Highlands Zone – Location of high-grade gold results and newly discovered visible gold

The Highlands zone is located in the northern area of the Atsutla Gold Project. In 2020, a grab sample of quartz float from this zone assayed 164 g/t (4.78 oz/ton) Au and 257 g/t Ag. Follow-up work in the vicinity of this sample revealed an abundance of similar quartz float 40 meters uphill. Multiple grab samples were taken, six of which assayed over 190 g/t Au (see linked Map 3 – Highlands). The gravimetric gold analytical results for two of these samples yielded values exceeding 1000 g/t Au. Both samples underwent four various forms of re-assaying, including one utilizing a separate laboratory (ALS Canada) for a total of five assay values per sample. The averages of these values for the samples are: 630.04 g/t (18.38 oz/ton) Au with 531.75 g/t (15.51 oz/ton) Ag; and 493.90 g/t (14.41 oz/ton) Au with 472 g/t (13.77 oz/ton) Ag, respectively. While the bedrock source was not directly identified, it is likely the quartz float is sourced from a gossanous, semi-competent granite unit present at the uphill limit of the float samples.

During Phase 2 of exploration at the Highlands zone, a zone of visible gold was newly discovered 550m west of the aforementioned high-grade float. This zone consists of a 20m trend of quartz boulders up to 1m in size with abundant visible gold, pyrite, galena, and arsenopyrite mineralization (assays pending). Additional exploration in this area revealed a trend of visible gold in talus 240m southeast of the boulders. In this area, visible gold and pyrite were observed on the margins of ~10cm wide quartz vein fragments. The vein fragments are proximal float, sourced from a gossanous, semi-competent granite unit. Other similar quartz vein samples with pyrite, galena, and arsenopyrite mineralization were taken from this same unit, but from in-situ bedrock. Assays for all of these Phase 2 samples remain pending.

Willie Jack Trend – 1.25-kilometer-long Au-As-Ag-Mo-Te soil anomaly

The Phase 1 program also involved a significant soil survey along the southwestern margin of the early Jurassic Christmas Creek Batholith, where it lies in contact with older, Permian Kedahda Formation metasediments. This survey was intended to follow-up on a series of soil samples taken in 2020 which returned assays up to 801 ppb (0.8 g/t) Au. The 2021 survey revealed a significant trend of anomalous Au- As-Ag-Mo-Te values, assaying up to 3,767 ppb (3.77 g/t) Au. The trend is at least 1.25 kilometers long, and falls within a broader anomalous gold trend of 6.5 kilometers (see linked Map 4 – Willie Jack). Initial rock sampling along this trend returned values up to 2.06 g/t Au (float); however, assays remain pending for follow-up rock samples of float and bedrock.

Sampling of quartz float and quartz in bedrock indicate that the anomalous gold-in-soil trend is caused by a series of metasediment-hosted, northwest-trending auriferous quartz veins.

Swan Zone – 900m x 700m Au-As-Ag-Sb-Cu-Mo-Pb soil anomaly

History of the Swan Zone

Due to the success of the first pass results at the Willie Jack property (now Atsutla Gold Project), Trailbreaker staked the Swan claims (see Swan news release dated March 22nd, 2021). The Swan claims cover a historical molybdenum-copper porphyry prospect discovered in the late 1960s and explored periodically since then. Despite more than 500 soil and surface rock samples and almost 1,000 meters of shallow diamond drilling, no geochemical analysis for gold was ever completed. Historical geological mapping and drill hole logging indicate a complex intrusive system, comprising 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 73 meters, as well as several significant silver intercepts including >26 g/t Ag over 3 meters.

Phase 1, first-pass results at Swan

The Phase 1 program at Swan involved the collection of 284 soil samples and 70 prospecting rock grab samples. The bulk of these soil samples were taken on a large, gossanous mountain immediately east of the historical drill holes.

Assay results from the soil sampling have revealed a ~900m x 700m Au-As-Ag-Sb-Cu-Mo-Pb soil anomaly, with soil samples assaying up to 406 ppb Au (see linked Map 5 – Swan). The anomaly occurs within a leucogranite-porphyry unit of the Upper Cretaceous Glundebery Batholith. Limited rock sampling from Phase 1 yielded assays up to 3.17 g/t Au. Gold typically occurs with arsenopyrite mineralization and epithermal quartz veining. Phase 2 involved one day of follow-up work in this area and uncovered significant arsenopyrite mineralization in talus float (assays pending).

Additional staking

Due to the favourable assay results of the Phase 1 program, and the highly encouraging visual results of the Phase 2 program, Trailbreaker Resources has staked an additional nine claims (14,350 ha) at the Atsutla Gold Project. The project area now consists of 28 mineral claims covering 37,727 hectares.

Phase 3 – Airborne survey

A third phase of exploration will be conducted at the Atsutla Gold Project during September, 2021. This phase will involve an airborne magnetic, radiometric, and VLF-EM survey covering the Highlands and Christmas Creek zones, and the Willie Jack trend. It is anticipated the survey will highlight structural features controlling gold mineralization, as well as geological contacts.

Message from the President

“I am incredibly pleased with the recent results at the Atsutla Gold Project. The high-grade nature of the Highlands zone, extent of the Willie Jack trend, and mineral potential of the Swan area provide exciting possibilities. By the end of 2021 we will have a geochemical database of almost 2,700 surface samples as well as a high-definition airborne geophysical survey. Not only that but we have an additional 14,000 hectares of nearly untouched ground to explore. Atsutla is shaping up to be a major gold project!”

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.