July 25, 2025 – Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce that the TSX Venture stock exchange (the “Exchange”) has approved the option agreement for Trailbreaker to acquire a 100% interest in the Wheaton Gold property, northwestern British Columbia (BC).
The 2,223-hectare Wheaton Gold property is located 60 km east of Dease Lake, BC, and covers the headwaters of multiple placer gold-bearing creeks, including Alice Shea Creek, source of the famous 52 troy oz ‘Turnagain nugget’. Details of the project can be found in Trailbreaker’s July 7th, 2025 news release.
Terms of the Option Agreement
On July 1st, 2025 (the “Effective Date”), Trailbreaker signed an option agreement (the “Agreement”) with Cordilleran Properties (the “Optionor”) of Kamloops, BC. Subject to the approval of the TSX Venture Exchange, Trailbreaker has the option to acquire a 100% interest in the Wheaton Gold property by completing the following:
- paying to the Optionor $10,000 on the Effective Date;
- paying to the Optionor $10,000 on or before the first anniversary of the Effective Date;
- paying to the Optionor $15,000 on or before the second anniversary of the Effective Date;
- paying to the Optionor $25,000 or issuing to the Optionor $25,000 worth of Trailbreaker common shares (“Shares”) on or before the third anniversary of the Effective Date;
- paying to the Optionor $75,000 or issuing to the Optionor $75,000 worth of Shares on or before the fourth anniversary of the Effective Date; and
- completing $1,000,000 of expenditures on or before the fifth anniversary of the Effective Date.
A maximum of 2,000,000 common shares will be issued at a deemed price per share equal to the greater of CDN$0.05 and the VWAP for the ten (10) trading days prior to issuance pursuant to this arms-length transaction.
Upon completion of the Agreement, Trailbreaker will obtain a 100% interest in the property and the Optionor will retain a total 2.0% Net Smelter Return (NSR) royalty, which may be brought down to 0.5% through a cash payment of $1,500,000 to the Optionor.
For more information about the Wheaton Gold property see the July 7, 2025 news release or the Wheaton Gold section on Trailbreaker’s webpage:
- https://www.trailbreakerresources.com/news/trailbreaker-acquires-the-wheaton-gold-property-an-orogenic-gold-prospect-in-bcs-underexplored-turnagain-placer-district/
- https://www.trailbreakerresources.com/wheaton-gold/
About Trailbreaker Resources
Trailbreaker Resources is a mining exploration company focused primarily on mining-friendly British Columbia and Yukon Territory, Canada. Trailbreaker is committed to continuous exploration and research, allowing maintenance of a portfolio of quality mineral properties which in turn provides value for shareholders. The company has an experienced management team with a proven track record as explorers and developers throughout the Yukon Territory, British Columbia, Alaska and Nevada.
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.
Other
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.