Mr. Daithi Mac Gearailt reports

TRAILBREAKER ACQUIRES THE WHEATON GOLD PROPERTY, AN OROGENIC GOLD PROSPECT IN BC'S UNDEREXPLORED TURNAGAIN PLACER DISTRICT

Trailbreaker Resources Ltd. has acquired the Wheaton gold property, an orogenic gold prospect located 60 kilometres (km) east of the village of Dease Lake in British Columbia. The property covers the headwaters of multiple placer gold-bearing creeks, including Alice Shea Creek, source of the famous 52-troy-ounce (oz) Turnagain nugget.

Highlights of the Wheaton gold property:

• 2,223 hectares in size, covering roughly two km by nine km;
• Located 60 km east of Dease Lake in B.C., with extensive truck and ATV (all-terrain vehicle) trail access throughout the claims, servicing historic and current placer mining operations;
• Covers the headwaters of the placer-gold-bearing Wheaton and Alice Shea creeks, which are famous as the source of some of B.C.'s coarsest gold nuggets. This includes the fourth-largest nugget ever found in B.C., the Turnagain nugget, weighing 52 oz gold (Au);
• The project represents one of B.C.'s most underexplored placer gold districts, with very limited hardrock exploration work done to date;
• A three-hole, 304.7-metre (m) diamond drill program completed in 1986 yielded numerous gold intercepts, including 5.38 grams per tonne (g/t) Au over 3.05 m (from 28.96 m depth);
• Historic gold-in-soil values up to 32.3 g/t Au and historic rock grab samples up to 11.25 g/t Au have been returned.

Daithi Mac Gearailt, chief executive officer of Trailbreaker, commented: "We are excited to add the Wheaton gold property to our portfolio of gold and copper exploration projects. Now that the claims have been consolidated, this is a great opportunity to explore the area of a historic discovery hole that has yet to receive follow-up exploration. This is one of the few placer districts left in B.C., where a hardrock source of the placer gold has yet to be found. We are currently designing a robust exploration program and will be providing updates as soon as they are available."

Location and access

The 2,223-hectare Wheaton gold property is located approximately 60 km east-southeast of the village of Dease Lake in northwestern B.C. and can be accessed by ATVs utilizing the Boulder Mine Road. The property can also be accessed by float plane chartered from Dease Lake to Boulder City Lake. Historical placer mining trails provide good vehicle access to much of the property.

Giga Metals Corp. has proposed a major road and transmission line to its advance-stage Turnagain nickel-cobalt deposit, located 10 km to the east. This would bisect the northern end of the Wheaton gold property, further bolstering the potential economic viability of the area.

Placer mining history

Placer gold was first discovered at the mouth of Wheaton Creek (formerly Boulder Creek) in 1932 and shortly afterward on Alice Shea Creek, a small tributary of Wheaton Creek. The Wheaton-Shea placer camp marked the last major placer gold discovery in B.C., with a total of 7,756 oz of placer gold mined from Wheaton Creek between 1932 and 1945, and a total of 331 oz Au mined from Alice Shea between 1936 and 1940. Alice Shea Creek produced the coarsest placer gold in the drainage, with one nugget weighing over 52 oz (the Turnagain nugget) and numerous nuggets weighing from one to 16 oz. Modern-day placer mining continues to this day at the mouth of Wheaton Creek, with over 20,000 oz of placer gold estimated to be recovered to date.

Hardrock exploration history

Wheaton zone

The northern portion of the property, covering the present-day placer operations near the mouth of Wheaton Creek, has seen the least amount of hardrock exploration within the property, having undergone only one documented significant program, completed in 1986 by Supreme Resources. That year, Supreme conducted a soil geochemical survey followed by a mechanical trenching program, which returned very encouraging results and identified strongly anomalous gold-in-soil values up to 32,300 parts per billion)(ppb) Au. Trenching within these soil anomalies returned rock gab samples up to 11.25 g/t Au. During the same year, Supreme tested this zone with three shallow diamond drill holes totalling 304.7 m. However, only limited follow-up work in the last 39 years has been documented.

Hole DDH-86-01, the first of the 1986 program, encountered several gold-enriched intervals associated with fault-controlled quartz-carbonate breccia, including:

• 5.38 g/t Au over 3.05 m (from 28.96 m);
• 1.23 g/t Au over 3.05 m (from 38.10 m);
• 1.88 g/t Au over 3.05 m (from 47.24 m);
• 0.89 g/t Au over 3.05 m (from 68.58 m);
• 0.34 g/t Au over 3.05 m (from 102.11 m);
• 3.46 g/t Au over 2.44 m (from 139.29 m).

The other two holes underwent very limited sampling, with only two samples taken from DDH-86-02 and one from DDH-86-03, all returning trace gold values.

This work by Supreme resulted in the first and only discovery of hardrock gold mineralization that could be linked to the source of the rich placer gold deposits along the lower portion of Wheaton Creek.

Pacific Bay Minerals, a junior mining company, held the ground from 2015 to 2024 but conducted very limited exploration. Much of Pacific Bay's efforts were focused on mining jade boulders rather than on hardrock gold exploration. Its most significant work included a 2021 property-wide airborne magnetic survey that defined an open-ended northwest-southeast-trending linear magnetic-low feature that correlates with the 1986 discovery hole by Supreme. This is interpreted to potentially represent a listwanite-altered fault zone. Listwanite and listwanitic alteration is extensively documented around Alice Shea Creek (expanded upon below).

This survey provided several new exploration targets that have not been tested to date.

Several east-west-trending offsets occurring near the Wheaton zone may represent potential structures associated with gold mineralization.

Shea zone

The Shea zone is located along the headwaters of Alice Shea creek, close to the discovery area of the 52 oz Turnagain gold nugget. The nugget was discovered in the upper extent of the drainage, narrowing the search for the hardrock source.

The majority of the exploration work done at the Shea zone was done from 1985 to 1996, with several junior mining companies conducting small-scale exploration surveys. This includes companies such as Powder Ridge Resources, Imperial Metals, Goldbank Ventures and Loumic Resources.

Loumic Resources' 1996 exploration program was the most robust, comprising 196 soil samples and 191 m of mechanized trenching Reconnaissance soil sampling identified several anomalous gold-arsenic (Au-As) zones (up to 161 ppb Au and 112 parts per million (ppm) As) that have yet to receive follow-up exploration. Furthermore, trenching, targeting gossanous float immediately upslope from the location of the 52 oz gold nugget, revealed a listwanite outcrop containing intense quartz stockwork and disseminated pyrite. Only trace gold values were returned; however, the mineralization and alteration are textbook markers for orogenic gold deposits. This marked the last significant gold exploration program occurring on the Shea zone.

In 2011, First Point Minerals Corp. was the last junior mining company to work the property; however, it focused on nickel mineralization rather than gold. Gold analysis for rock grab samples during the 2011 program utilized a four g/t detection limit, much higher than fire assay detection limits commonly used.

Geology, deposit model and mineralization

The Wheaton gold property is underlain by northwest-trending, complexly folded and faulted ultramafic rocks of the oceanic Cache Creek terrane, and by metasedimentary rocks of the Kedahda formation.

The northern portion of the Wheaton gold property covers fault-bounded metasedimentary rocks of the Mississippian to Triassic Kedahda formation, which include heterolithic argillite with wispy silt laminae, thinly bedded sandstone and rare discontinuous limestone beds. This Kedahda sedimentary package is separated from the ultramafic rocks (peridotite, dunite, pyroxenite) of the Cache Creek terrane by a northwest-southeast-trending thrust fault.

The Wheaton gold property demonstrates potential for orogenic motherlode-style gold-bearing quartz vein deposits, such as the past-producing 4.2-million-ounce Bralorne-Pioneer mine in the Bridge Lake gold camp in southwestern British Columbia and the world-famous Sierra Nevada mining district in California, which produced over 100 million oz of placer and hardrock lode gold. The Wheaton gold property is analogous to these deposits, as all are hosted by oceanic crust accreted onto ancestral North America and spatially associated with significant coarse placer gold deposits. Furthermore, the lode gold deposits at both the Bridge Lake and Sierra Nevada gold districts are associated with listwanitic alteration of peridotites, quartz veining and major fault structures, all of which have also been mapped in the Wheaton property area.

There have been no major orogenic lode gold deposits delineated to date within the northern Cache Creek terrane. However, several large placer gold camps have been established, commonly accompanied by hardrock showings and small gold deposits indicating potential sources of the rich surficial placers. Nearby examples of orogenic gold showings within the oceanic Cache Creek terrane include the Yellowjacket deposit (130,000 tonnes grading 5.8 g/t Au) situated in the Atlin Goldfields and the Keystone showing (historic drill intercepts include 9.1 g/t Au over 12.2 m within a quartz porphyry setting) in the Thibert placer district. Both of these are associated with quartz veining and listwanitic alteration.

The Erickson gold camp, approximately 100 km to the north-northwest, is not hosted by the Cache Creek terrane, but is surrounded by the McDame Creek coarse surficial placer gold deposits, where the second-largest placer gold nugget ever recorded in B.C., weighing 72 oz, was discovered. At Erickson, which comprises several past-producing gold mines, lode gold is characterized by quartz veins hosted by listwanite. Average grades ranged from 10 to 20 g/t Au for a total of 315,000 oz Au mined historically. The Erickson camp includes the Taurus deposit, currently owned and being advanced by Cassiar Gold Corp., which has delineated an indicated resource of 400,000 oz Au and an additional inferred resource of 1.9 million oz Au.

Placer miners have reported that many of the placer gold nuggets recovered from the Peacock workings of Wheaton Creek, which directly drains the area of drill hole DDH-86-01, contain inclusions of altered pyroxene and serpentine and that some gold nuggets are still fused to quartz fragments. These observations by the placer miners further suggest the placer gold in Wheaton Creek has a nearby source.

Terms of the option agreement

On July 1, 2025, Trailbreaker signed an option agreement with Cordilleran Properties, of Kamloops, B.C. Subject to the approval of the TSX Venture Exchange, Trailbreaker has the option to acquire a 100-per-cent interest in the Wheaton gold property by completing the following:

1. Paying to the optionee $10,000 on the effective date;
2. Paying to the optionee $10,000 on or before the first anniversary of the effective date;
3. Paying to the optionee $15,000 on or before the second anniversary of the effective date;
4. Paying to the optionee $25,000 or issuing to the optionee $25,000 worth of Trailbreaker common shares on or before the third anniversary of the effective date;
5. Paying to the optionee $75,000 or issuing to the optionee $75,000 worth of shares on or before the fourth anniversary of the effective date;
6. Completing $1-million of expenditures on or before the fifth anniversary of the effective date.

Upon completion of the agreement, Trailbreaker will obtain a 100-per-cent interest in the property and the optionee will retain a total 2.0-per-cent net smelter return (NSR) royalty, which may be brought down to 0.5 per cent through a cash payment of $1.5-million to the optionee.

About Trailbreaker Resources Ltd.

Trailbreaker Resources is a mining exploration company focused primarily on mining-friendly British Columbia and Yukon, 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 record as explorers and developers throughout Yukon, British Columbia, Alaska and Nevada.

Carl Schulze, PGeo, consulting geologist with Aurora Geosciences Ltd., is a qualified person as defined by National Instrument 43-101 for Trailbreaker's B.C. and Yukon exploration projects, and has reviewed and approved the technical information in this news release.

We seek Safe Harbor.