Trailbreaker amends Atsutla option agreement

Executive Summary

• Trailbreaker Resources Ltd. has amended the option agreement for its Golden Echelon claim block at the Atsutla gold project in British Columbia, extending the timeline and altering the consideration required to earn a 100% interest.
• The amendment removes the original final cash payment and share issuance requirement, replacing it with a new structure that allows the company to earn the remaining interest through either a combination of cash/shares or solely through share issuance by May 2026.
• The transaction remains subject to TSX Venture Exchange approval.

Key Details

• Transaction: Amendment to Option Agreement for the Golden Echelon claim block (132 hectares) at the Atsutla gold project.
• Counterparty: Torrey Fredlund (Optionor).
• Original Terms (Nov 21, 2022):
  • Earn 100% interest via staged share issuances totaling 80,000 common shares over three years plus a $25,000 cash payment.
  • Schedule: 10,000 shares on TSX approval; 10,000 by Nov 16, 2023; 10,000 by Nov 16, 2024; 50,000 shares + $25,000 cash by Nov 16, 2025.
  • Royalty: 1% Net Smelter Return (NSR) retained by optionor.
  • Buyback Option: Trailbreaker could buy back the 1% NSR for $50,000 + 100,000 shares within two years of exercising the option.
• Amended Terms (Signed Nov 3, 2025):
  • Paragraph (d) of the original agreement is deleted.
  • New Paragraph (d): Issuance of 25,000 common shares to the optionor by Nov 16, 2025.
  • New Paragraph (e): On or before May 16, 2026, Trailbreaker must choose one of two options to complete the earn-in:
    • (i) Pay $25,000 cash and issue 50,000 common shares; OR
    • (ii) Issue 175,000 common shares.
• Regulatory Status: The amending agreement is subject to approval by the TSX Venture Exchange.

Notable Quotes

• None provided in the release.