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Trailbreaker Defines Chargeability Feature Coincident with Multi-Element Geochemical Anomaly at Swan Zone, Atsutla Project, British Columbia

Exploration Programs Sampling & Geoscience Results

TRAILBREAKER DEFINES CHARGEABILITY FEATURE COINCIDENT WITH MULTI-ELEMENT

GEOCHEMICAL ANOMALY AT SWAN ZONE, ATSUTLA PROJECT, BRITISH COLUMBIA

October 7, 2024 – Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company” ) is pleased to

announce the delineation of a donut-shaped chargeability high feature (15-35 mV/V) from an induced

polarization (IP) survey completed at the Swan zone. The Swan Zone is a gold (Au) - copper (Cu) - silver

(Ag) porphyry target within Trailbreaker’s Atsutla Gold Project, northwestern British Columbia (BC). The

IP chargeability high is coincident with a 900 m by 700 m Au-Ag ± Cu - molybdenum (Mo) soil and rock

(grab samples assaying up to 11.7 g/t Au, 95 g/t Ag, and 0.81% Cu) geochemical anomaly within a zone of

advanced argillic (clay mineral) alteration of a granodiorite stock.

In combination with a historic IP survey to the northwest, th e 2024 IP survey defines a donut -shaped

chargeability high feature, with external dimensions of approximately 2.1 km by 1.4 km (Figure 1). The

thickness of the chargeability high is approximately 200 m to 500 m. The chargeability signature is

strongest near-surface and extends to at least 300 m of depth. The southern portion of the chargeability

high feature is correlated with a wider (~700 m) zone of low resistivity (<800 ohm-m) (Figure 2). The high

chargeability anomaly may represent distribution of disseminated pyrite , and the low resistivity feature

may be caused by alteration minerals, including sericite, pyrophyllite and clay minerals, identified during

geological mapping . The combination of these features commonly occurs in the phyllic alteration

assemblage surrounding porphyry deposits1.

Message from the President

“The IP survey at the Swan zone provides another layer of data which indicates we may be exploring the

upper parts of an Au-Cu-Ag porphyry system. This is in conjunction with results from geological mapping

and identification of a multi-element geochemical anomaly which occurs on a gossanous hill. 2024 has

been a pivotal year for advancing the Swan zone, as we’ve also receiv ed an exploration permit that will

allow us to further test this zone, including by diamond drilling.” – Daithi Mac Gearailt

Induced Polarization Survey Parameters

Trailbreaker contracted Aurora Geosciences Ltd. (Aurora) to complete an induced polarization survey on

the Swan Au-Cu-Ag target at the Atsutla Gold project. The IP survey was designed to extend a historic

(1976) IP survey that defined a semi-circular chargeability high feature (Figure 1). The survey also covers

the Swan multi-element geochemical anomaly that was defined by Trailbreaker between 2021 and 2024.

TSX-V: TBK

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TRAILBREAKER RESOURCES LTD.

650 W. Georgia Street, #2110

Vancouver, British Columbia

Canada, V6B 4N9

Telephone: 604 681 1820

Facsimile: 604 681 1864

https://www.TrailbreakerResources.com

https://twitter.com/TrailbreakerLtd.

A total of 21 line-kilometers were surveyed across seven 200-metre spaced IP lines, each 3 km in length,

covering an area of 3.75 km 2. The survey used an inline pole -dipole (2D survey) array with a 100-metre

dipole spacing. The estimated depth of investigation of the survey is 300 m below surface.

Equipment used by Aurora for the IP survey included IRIS Instruments ’ FullWaver System of 21 dual -

channel voltage receivers (V-FullWaver) and two current receivers (I -FullWaver), as well as a GDD TX IV

5 kW IP transmitter powered by a 7 kW mobile generator. Stainless steel electrodes were used to provide

ground contact, occasionally with the use of salt water to improve contact resistance in talus material.

Once collected, IP data underwent quality assurance and quality control (QA/QC) validation and data

processing. Campbell & Walker Geophysics reviewed the validated data, completed inversions as 2D

sections and interpolated the data to produce a pseudo 3D model, including a 3D voxel model, as well as

iso-surfaces and depth slice maps.

Figure 1: Coincident geophysical, geochemical, and geological features on the Swan target. Data

displayed includes: the 100 m depth slice of the interpolated chargeability data from the 2024 IP survey;

the outline of the historic chargeability high shown to the northwest ; interpretation of alteration

zonation from 2022 geological mapping; Au and Ag-in-soil values from 2021 -2023 (transparent) and

2024 (opaque). The chargeability high likely represents additional extension s of the phyllic alteration

zone beyond the outcrop exposures mapped in 2022. The strong Au -in-soil anomaly is coincident with

the advanced argillic alteration and an east-west break in chargeability which aligns with the secondary

Au-in-soil anomaly to the east.

Figure 2: Data displayed includes: a 100 m depth slice of the interpolated resistivity data from the 2024

IP survey; Cu and Mo-in-soil values from 2021-2023 (transparent) and 2024 (opaque); the outline (black

lines) of the historical and 2024 chargeability anomalies (>15 mV/V) and interpretation of alteration

zonation from 2022 geological mapping. The resistivity low (red and pink) coincides with the southern

portion of the chargeability high and the mapped phyllic alteration zone. Anomalous Mo-in-soil values

extend beyond the Au-Ag-Cu soil geochemical anomaly.

Soil Sampling and Prospecting

A total of 1,165 soil and 28 rock samples were collected on the eastern side of the Atsutla Gold project

concurrently with the completion of the IP survey. Soil sampling was completed on a north -south grid

extension of previous Swan soil surveying, as well as along ridge and spurs of nearby mountains within

the Upper Cretaceous Glundebery batholith.

Sampling extended the Swan multi -element soil anomaly 400 m to the west. In addition , sampling has

improved definition of an Au-Ag ± Cu -in-soil anomaly ~1 km east of the Swan zone , and a pathfinder

element anomaly, including arsenic (As) -bismuth (Bi) ± Mo ± Au ± Ag ± Cu, ~2 km across a valley to the

west. These anomalies, including the Swan zone, define an east -west corridor of prospective geology

across 4.5 km.

Prospecting on the southwestern side of the chargeability-resistivity anomaly focussed on an area of rock

float containing quartz -veins with disseminated to blebby molybdenite ± chalcopyrite ± arsenopyrite

(Figure 2&3). These samples may have originated from a porphyry hydrothermal system.

Figure 3: (a) Float sample (5233605) containing molybdenite along a fracture surface , assaying

326 ppm Mo; (b) Float sample (5233609) containing molybdenite in quartz veining (>2000 ppm Mo); (c)

Float sample (5233611) containing arsenopyrite + molybdenite in a quartz vein (6.3 g/t Au,

1,273 ppm Mo, and 0.14% Pb). For scale reference, assay tags are all 9 cm tall.

Examples of Porphyry-Related Geophysical Responses

This section is intended to present case studies of chargeability and resistivity features from known

porphyry deposits. Geophysical characteristics are important components of exploration, but they are not

necessarily indicative of economic mineralization alone, and require additional exploration (such as

drilling) to define the source of geophysical anomalies. All of the examples presented below are from

public sources on deposits and properties that are not affiliated with Trailbreaker . Trailbreaker did not

collect the data, prepare these figures, nor validate the data presented within . The reader is also

cautioned that although these examples are from mineral deposits, there is no guarantee that similar

A

B

C

geophysical features on Trailbreaker ’s property will represent a mineral resource in compliance with

standards under National Instrument 43-101.

Figure 4, left image, provides an idealized cross -section of porphyry alteration and sulphide mineral

zonation from Lowe ll and Guilbert’s 1970 model 2. On the right is a depth slice of the moderate IP

chargeability response surrounding the Poison Mountain copper porphyry, central BC2.

Figure 4: (a) Lowell and Guilbert’s 1970 model showing idealized porphyry alteration and mineral

zonation; (b) IP chargeability response of the Poison Mountain copper porphyry, BC.2

Figure 5 displays the high chargeability and low resistivity features that encircle the primary zones of

known mineralization at American Eagle’s NAK porphyry project near Smithers, BC3. Coincident magnetic

and ZTEM resistivity highs are indicative of the potassic alteration zone3.

Figure 5: (a) 50 m depth slice of IP chargeability and (b) 200 m depth slice of resistivity at the NAK copper-

gold porphyry project near Smithers, BC3.

A

B

Figure 6 displays the cross -sectional distribution of pyrite and chalcopyrite (a and b) and how these

compare to the donut -shaped chargeability high (c) at the Batu Hijau porphyry copper system in

Indonesia4. The chargeability best reflects the distribution of the pyrite content, with the central high

feature coincident with the chalcopyrite-rich core.

Figure 6: (a) chalcopyrite and (b) pyrite distribution along an east-west cross-section through the Batu

Hijau copper porphyry deposit in Indonesia 4; (c) Plan view map of the gradient array chargeability; (d)

Chargeability section of a dipole-dipole IP survey across the deposit with drillhole sulfur results.

Figure 7 presents the alteration zonation, magnetic response, resistivity, and chargeability features

surrounding the Elang copper porphyry deposit in Indonesia1. There is a strong correlation between the

high chargeability and low resistivity features where associated with the pyrophyllite-dickite-kao-alunite

and sericite-illite-kaolinite alteration assemblages.

Figure 7: (a) plan view alteration; (b) reduced-to-pole (RTP) magnetic response; (c) 200 m depth slice of

resistivity; (d) 200 m depth slice of chargeability at the Elang copper porphyry deposit in Indonesia1. The

black polygons show the surface projection of interpreted magnetic bodies.

A

B

C

D

About the Swan Target

The Swan target is located on the eastern side of the Atsutla Gold project in northwestern BC. The Swan

is a potential Au-Ag-Cu porphyry system, defined by a 900 m by 700 m Au-Ag-Cu-As – antimony (Sb) –Mo

– lead (Pb) soil geochemical anomaly along a gossanous ridge. The host setting is a granodiorite porphyry

intrusion with zoned advanced argillic and phyllic alteration assemblages . Bedrock sampling by

Trailbreaker in the centre of the soil anomaly has returned values up to 11.5 g/t Au and 16.8 g/t Ag,

associated with sulphide-rich veins. A near in-situ (“subcrop”) rock sample returned values of 11.7 g/t Au,

95 g/t Ag, and 0.81% Cu. The surface geochemical anomalies are associated with mapped advanced argillic

alteration, which may represent the upper portion of a porphyry system.

IP surveying around the Swan target defined a donut-shaped chargeability high feature. The southern

portion of this chargeability high is coincident with a resistivity low feature. The combined chargeability

high and resistivity low features are interpreted to potentially represent the outer phyllic alteration zone

of a porphyry system.

About the Atsulta Gold Project

The Atsutla Gold project covers over 40,000 hectares of underexplored and prospective ground in

northwestern BC. The project covers a portion of the Atsutla mountain range 70 km south of the BC-Yukon

border. Placer gold was recorded in the area during the early 1900s, with very little subsequent mineral

exploration.

The project is centered along the crustal-scale Teslin-Thibert fault system that marks the division between

the Quesnel and Cache Creek terranes. Gold mineralization is associated with Mesozoic intrusive

batholiths that are the predominant geological unit on the property. Trailbreaker has discovered five

significant zones of gold mineralization across the property. These are:

• Swan Zone – discussed above – Au-Cu-Ag porphyry target defined by a 900 m by 700 m multi -

element soil geochemical anomaly. Rock samples grading up to 11.5 g/t Au and 16.8 g/t Ag are

coincident with a 2.1 km x 1.4 km donut-shaped chargeability high feature.

• Highlands Zone – A 750 m by 600 m area in the western Atsutla Gold pro ject region, with veins

containing coarse visible gold and assaying up to 630 g/t Au and 1,894 g/t Ag.

• Christmas Creek Zone – Gold-bearing quartz veins 2 km east of the Highlands Zone, with rock

samples assaying up to 102 g/t Au and 524 g/t Ag.

• Snook Zone – High-grade veins 3.5 km northeast of the Highlands Zone , with rock samples

assaying up to 53.3 g/t.

• Willie Jack Zone – 1.25-km long gold-in-soil anomaly with soil samples assaying up to 3.77 g/t Au

and rock samples up to 9.9 g/t Au.

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 miner al 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.