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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.

 

Trailbreaker Resources Announces The Granting Of Stock Options

March 24th, 2021 – Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce the granting of stock options to Mr. Frank Wheatley.

Mr. Wheatley was elected by the shareholders as Independent Director at the 2020 Annual General Meeting (AGM) and appointed by the Board as Chairman of the Audit Committee for Trailbreaker Resources Ltd.

The company has granted Mr. Wheatley 150,000 incentive stock options exercisable at a price of $0.30 per share for a term of five years expiring March 24th, 2026, vesting immediately. The options are granted in accordance with the Company’s stock option plan and as set forth by TSX Venture Exchange (“TSX-V”) policy and are subject to all regulatory approvals.

Mr. Wheatley is a senior executive and legal counsel with more than 35 years of international business, financial and legal experience with Canadian public mining companies operating globally in precious, base, and industrial metals.  He has extensive experience as a Chief Executive Officer and General Counsel for a number of TSX-listed companies, as well as domestic and international experience with exploration, development and operating gold, copper, lithium and potash companies.

Mr. Wheatley also brings extensive experience as an Independent Director, Committee Chair, and Committee Member for a number of Canadian public mining companies.  He is currently an Independent Director of Endeavour Mining Corporation – a top 10 global gold producer with 7 operating mines in West Africa.

New Trailbreaker Resources website and presentations

Trailbreaker Resources’ new company website can be found at www.TrailbreakerResources.com. An updated corporate presentation, presentations for each of Trailbreaker’s properties, as well as photos, maps and more, can be found there. See below for further contact details and social media links.

Message from the President
“I am delighted to have Frank Wheatley on the Trailbreaker team. Frank brings a wealth of mining industry and legal experience with him that I know will prove to be of great benefit to the Company moving forward.”

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 Announces Staking Of The Swan Property, Formation Of The Atsutla Gold Project, And Plans For 2021 Exploration

March 22nd, 2021 – Trailbreaker Resources Ltd. (TBK.V) (Trailbreaker) is pleased to announce the recent staking of the Swan property in northwestern British Columbia (BC) and its inclusion in the newly formed Atsutla Gold Project.

The Swan property covers a historically drilled molybdenum porphyry prospect that has never been assayed for gold. It is situated just 20 km northeast of the recent high-grade gold discoveries at Trailbreaker’s Willie Jack property. Together, the Willie Jack and Swan properties form the 100%-owned Atsutla Gold Project, covering over 14,000 hectares of ground. The project, named after the Atsutla mountain range, is located 70 km south of the Yukon-BC border and 130 km northwest 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 released 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 covers almost 4,300 hectares. The Swan property is 100%-owned by Trailbreaker, with no underlying payments or royalties. The Swan property overlies the regional scale Teslin-Thibert strike-slip fault system that extends over 700 km across the Yukon Territory and BC and marks the boundary between the Quesnel and Cache Creek terranes.

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, including 0.97% Mo over 19m, 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 is interpreted to potentially represent a pyritic halo above a buried copper porphyry deposit.

Trailbreaker’s team believes the Swan and Willie Jack property areas were previously overlooked for gold potential due to low gold prices at the time. Trailbreaker plans to conduct a thorough first-pass evaluation program in 2021.

Atsutla Gold Project
The Willie Jack and Swan properties represent Trailbreaker Resources’ investment in an underexplored area of British Columbia which has been historically overlooked for district-scale gold mineralization. To consolidate exploration plans, Trailbreaker has termed this area the “Atsutla Gold Project”.

Geologically, the project is centered on the regional-scale crustal Teslin-Thibert fault system marking the boundary between the Quesnel and Cache Creek tectonic terranes. The Quesnel terrane hosts numerous Cu-Au porphyry deposits along the length of British Columbia, including the Copper Mountain, Highland Valley, New Afton, Mount Polley, Mount Milligan, and Kemess deposits and mines. The Cache Creek terrane hosts a variety of mineralization styles, and includes the Gibraltar Cu-Mo-Au porphyry deposit.

The combination of this favourable geologic setting with the recent gold discoveries by Trailbreaker at Willie Jack, supported by historic Mo porphyry results at Swan and widespread placer gold documented in the project area, indicates strong potential for multiple styles of gold mineralization.

New Trailbreaker Resources website and presentations
Trailbreaker Resources’ new company website can be found at www.TrailbreakerResources.com. An updated corporate presentation, presentations for each of Trailbreaker’s properties, as well as photos, maps and more, can be found there. See below for further contact details and social media links.

Message from the President
“The Trailbreaker team has identified an area with untapped potential and, in under one year, has brought forth encouraging results and compelling evidence that the Atsutla Gold Project area can be developed into a new gold district. We are greatly looking forward to exploring the new ground at the Swan property and seeing what historical work may have been missed. At the same time, we will be exploring and advancing our Plateau, Willie Jack, Skelly, and McMurdo properties and closely following our royalties in our third-party projects that are being drilled this year.”

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; and the plans for completion of the contemplated transactions with Newmont as set out above.  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.

GOLDSTRIKE Resources Announces Name Change To Trailbreaker Resources

March 17, 2021 – Goldstrike Resources Ltd. (GSR.V) (Goldstrike) is pleased to announce it will be changing its name to Trailbreaker Resources Ltd. The company’s new trading symbol will be TBK.V and its new CUSIP number will be CA89279P1018. Trading on the TSXV under the new symbol will be effective at market opening on March 22, 2021.
The new name of Trailbreaker Resources represents the company’s changing focus to a developing an evolved brand of district-scale discoveries in safe jurisdictions.

Daithi Mac Gearailt, CEO, states, “Over the past 10 years the group behind Goldstrike Resources has explored grassroot projects that were focused exclusively in the Yukon Territory. The Goldstrike story was one of many great discoveries and successes including forming a strategic partnership with a major mining company. As successful as this story has been, it is now time to start a new chapter. The Trailbreaker group has a unique talent for finding and exploring prospective areas that have been overlooked for various reasons and proving they have district scale potential. The name Trailbreaker better represents this renewed focus and philosophy, and we are excited to move forward with this new brand and create value to our share holders.”

The recent discoveries in 2020 of the Willie Jack, Skelly, and McMurdo projects in British Columbia exemplify the direction of Trailbreaker Resources. These properties are 100%-owned with no underlying payments or royalties. Results from last years first-pass exploration programs can be found in Goldstrike’s 2020 news releases:

Willie Jack: Goldstrike samples 164 grams per tonne gold and 257 grams per tonne silver at Willie Jack and proves widespread gold mineralization over 6 kilometers.

Skelly: Goldstrike samples 35.5 grams per tonne gold and 488 grams per tonne silver at Skelly property, northern BC.

McMurdo: Goldstrike samples 176 grams per tonne (5.13 oz/ton) gold at McMurdo property, southern British Columbia, Canada.

Exploration plans for these projects and more will be released in the coming weeks.

The Plateau property in Yukon Territory remains a highly significant asset in the company’s portfolio and Trailbreaker is currently exploring various options to further unlock its value.

A new website for Trailbreaker Resources is underway and will be located at TrailbreakerResources.com

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; and the plans for completion of the contemplated transactions with Newmont as set out above. 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 Goldstrike has attempted to identify important factors that could affect Goldstrike 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, Goldstrike 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, Goldstrike 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.

GOLDSTRIKE samples 176 g/t (5.13 oz/ton) gold at McMurdo property, southern British Columbia, Canada

November 30th, 2020 – Goldstrike Resources Ltd. (GSR.V) (Goldstrike) is pleased to announce that a limited program of prospecting and geochemical surveying in 2020 has confirmed high-grade gold (Au) mineralization at its newly staked McMurdo property in southern British Columbia, Canada.

This includes in situ and float rock samples that assayed up to 175.9 g/t Au (5.13 oz/ton) from its newly expanded “Crown Point” zone. Significant assay results exceeding 10 g/t Au are presented in Table 1.

Table 1: Significant assay results from Crown Point and Decision Creek (>10 g/t Au)

Rock Sample ID Type Exposure Gold (g/t) Description
1880106 Grab Outcrop 47.4 20-30cm quartz vein with blebs of pyrite along margin of vein. Approx. 10% pyrite.
1880108 Grab Outcrop 175.9 2m-wide boudinaged quartz vein with massive pyrite seam along vein margin. Approx. 70% pyrite.
1880115 Grab Float 76 Quartz vein sample from tailings with patchy massive pyrite blebs. Approx. 60% pyrite.

 

1880132

 

Grab Outcrop 49.7 1.5m-wide boudinaged quartz vein with blebby pyrite. Approx. 20% pyrite.
1880032 Grab Outcrop 13.3 >2m-wide quartz vein with patchy-massive arsenopyrite and pyrite.

The program, designed to confirm the gold potential of the property, was successful in both extending historical gold showings and discovering new high-grade gold in quartz veins. A total of 33 soil samples and 74 rock grab samples were collected during the program. The results highlight the potential for significant precious metal mineralization in the area.

The Crown Point zone comprises a 400m x 300m area that contains auriferous quartz veins hosted in a micaceous grit unit. This area has been exposed following roughly 700m of glacial retreat since the turn of the 20th century, which provided company geologists with the opportunity to significantly expand the known historic mineralized zone. The quartz veins range from a few centimetres to 3m in width and contain irregularly disseminated pyritic mineralization throughout. Grab samples from these veins assayed up to 175.9 g/t (5.13 oz/t) Au.

Refer to this link https://www.trailbreakerresources.com/wp-content/uploads/CROWN_POINT_ZONE_MM.jpg for the 2020 Crown Point sample results map.

The gold bearing quartz veins are hosted in a micaceous grit unit that is repeated ~1,700m to the southeast where known historical gold mine workings occur. These historical workings host gold mineralization analogous to the newly discovered Crown Point gold showings. Both showings are located on the same axial trace of a regional antiform and are within property boundaries. First-pass sampling from the historic workings returned gold assays up to 76 g/t (2.22 oz/ton) Au from pyritic quartz veins, and anomalous gold-in-soil assays up to 88 ppb Au. The similar geological and mineralogical settings of the two showings indicate potential for significant southeastward expansion of the high-grade gold system at Crown Point.

Refer to this link https://www.trailbreakerresources.com/wp-content/uploads/GOLD_RESULTS_MAP_MM.jpg for the 2020 property-wide sample results map.

This is the first-time modern exploration methods have been employed to identify the gold potential of the McMurdo Property. Based on the strong results from this first-pass program, it is Goldstrike’s opinion that there is excellent potential for additional high-grade gold discoveries.

About McMurdo:

Location

The McMurdo property is a regional grassroots exploration target, generated in-house by Goldstrike’s exploration team. The property covers 1,728 hectares (4,258 acres) of highly prospective geology located in the northern Purcell Mountain range of southeast British Columbia. The property is located 30 kilometres southeast of Golden, British Columbia and can be accessed via maintained forest service roads or by helicopter based in the nearby town of Golden. It is 100%-owned by Goldstrike Resources with no underlying royalties or payments.

Geology

The property is underlain by a thick sequence of Proterozoic marine sedimentary rocks exposed in the core of the northwest trending Purcell Anticlinorium. This anticlinorium is deformed by a complex series of thrust faults and folds running parallel to the northwest-southeast trending axial trace. The rocks exposed on the McMurdo property belong to the Horsethief Creek group and comprise a series of prominent grit and quartzite sedimentary members separated by shales and minor carbonate units. The Cretaceous Battle Range Batholith intrudes the sedimentary rocks approximately 10 km southwest of the property. Gold mineralization occurs mainly as pyritic quartz veins that strike northwest and are steeply dipping to the northeast. The quartz veins are typically confined to the coarser grained grits and quartzites. Replacement style lead-zinc-silver (Pb-Zn-Ag) mineralization is confined to the more finely textured carbonate and shale units.

Refer to this link https://www.trailbreakerresources.com/wp-content/uploads/McMurdo_Goldstrike_Resources_Presentation_Final_2020.pdf for the 2020 McMurdo presentation.

History

The area was first prospected in the late 1800s for gold and then shortly after for lead, zinc, and silver. The first gold discoveries were made in the early 1890s, and a small stamp mill was built on Decision Creek to treat gold ore obtained from the Burns and Dutchman mining leases. The present McMurdo property covers the former Burns mining leases and quartz-sulphide veins. At about the same time, the Crown Point prospect, comprising lead-zinc-silver replacement style mineralization, was discovered at the headwaters of McMurdo Creek. This prospect was periodically mined until the 1940s with a total of 762 meters of underground workings. Several minor gold showings were also discovered near the former Crown Point mine at this time.

In 1966, West Gate Mines completed the most recent documented exploration program focusing on gold in the area. West Gate’s work consisted of prospecting and re-sampling of historical workings, and recommended diamond drilling to follow up on results.

Commencing in the late 1970s, the area underwent regional exploration over a period of several years for SEDEX-style lead – zinc mineralization. A significant amount of geological, geochemical and geophysical surveying was completed, followed by exploration diamond drilling. Only a small portion of this work was completed on the McMurdo property, and most of the geochemical samples were not assayed for gold.

Message from the President 

“The confirmed presence of abundant high-grade gold veins that have been revealed by glacial recession, combined with the lack of modern-day gold exploration techniques, shows that the McMurdo property has strong potential for a significant gold discovery. With road access to the claim block and proximity to the community of Golden BC, the economics of developing a deposit are clearly enhanced. We are looking forward to advancing this high-grade gold property”.

 

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 Goldstrike’s Yukon exploration projects and has reviewed and approved the technical information in this release.

For new information from the Company’s programs, please visit Goldstrike’s website at GoldstrikeResources.com and sign up to receive news. For further information, follow Goldstrike’s tweets at Twitter.com/GoldstrikeRes,  use the ”Contact” section of our website, or contact us at (604) 681-1820 or at info@goldstrikeresources.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 Goldstrike has attempted to identify important factors that could affect Goldstrike 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, Goldstrike 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, Goldstrike 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.