Trailbreaker Resources Modifies Atsutla Gold Project Option Agreement Terms

Trailbreaker Resources Ltd. has amended an option agreement for a mineral claim at its Atsutla Gold project in northwestern British Columbia. The amendment modifies the original agreement dated November 21, 2022, signed with Torrey Fredlund, which granted Trailbreaker the right to obtain a 100% interest in the Golden Echelon claim block located between the Snook and Highland zones. This claim block consists of one mineral claim covering 132 hectares.

The original agreement required Trailbreaker to make staged share issuances totaling 80,000 common shares over three years plus a one-time cash payment of $25,000. The payment schedule included 10,000 common shares upon TSX Venture Exchange approval, 10,000 shares by November 16, 2023, 10,000 shares by November 16, 2024, and 50,000 shares plus $25,000 cash by November 16, 2025. Under the original terms, Fredlund would retain a 1% Net Smelter Return royalty, with Trailbreaker having the right to buy back this royalty within two years of exercising the option for $50,000 cash and 100,000 common shares.

The amending agreement, signed November 3, 2025, significantly alters the final payment structure. Paragraph d of the original agreement has been deleted and replaced with new paragraphs d and e. The revised terms require Trailbreaker to issue 25,000 common shares by November 16, 2025, followed by either paying $25,000 and issuing 50,000 common shares by May 16, 2026, or alternatively issuing 175,000 common shares by the same deadline. This amendment provides Trailbreaker with greater flexibility in meeting its financial obligations while extending the final payment deadline by six months.

The modification comes at a critical time for the company's exploration activities in the Atsutla Gold project region. The Golden Echelon claim's strategic location between the established Snook and Highland zones positions it as a potentially valuable addition to Trailbreaker's portfolio. The amended agreement must receive approval from the TSX Venture Exchange to become effective. This development reflects the company's ongoing efforts to optimize its financial arrangements while maintaining its exploration momentum in British Columbia's mineral-rich territories. The adjustment in payment terms may provide Trailbreaker with additional operational flexibility as it continues its exploration programs in the region.