Mr. Darren Bondar reports

TRAIL BLAZING VENTURES LTD. ANNOUNCES CLOSING OF INITIAL PUBLIC OFFERING

Trail Blazing Ventures Ltd. has completed its initial public offering, raising gross proceeds of $2-million, pursuant to a final prospectus dated Dec. 6, 2021. A total of 20 million common shares in the capital of the corporation were subscribed for at a price of 10 cents per share. Research Capital Corp. acted as the agent for the offering. The agent received a cash commission equal to 8 per cent of the gross proceeds of the offering, a corporate finance fee and non-transferable options to purchase up to 1.6 million shares at a price of 10 cents per share for a period of two years from the date the shares are first listed on the TSX Venture Exchange (TSX-V).

"The successful completion of our fully subscribed offering represents an important milestone in the corporation's goal of delivering superior shareholder returns," said Darren Bondar, chief executive officer and chief financial officer of the corporation. "Supported by a team of successful entrepreneurs and professionals, the corporation looks forward to identifying a qualifying transaction."

The corporation now has 40 million shares issued and outstanding, with the directors, officers and seed shareholders of the corporation holding, in aggregate, 20 million shares which are subject to escrow restrictions.

The corporation has also granted two million incentive stock options to its directors and officers which are exercisable for a period of 10 years from the date of the grant at an exercise price of 10 cents per share.

Insiders of the company acquired an aggregate of 2,071,000 shares. Accordingly, the offering constituted to that extent a related party transaction within the meaning of Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions (MI 61-101), requiring the corporation, in the absence of exemptions, to obtain a formal valuation and minority shareholder approval thereof. The company has relied on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in Sections 5.5(b) and 5.7(1)(b), respectively, of MI 61-101 in respect of such insider participation.

The shares are listed on the TSX-V and are currently halted. The halt is expected to be lifted and trading is expected to commence on or about Jan. 26, 2022.

About Trail Blazing Ventures Ltd.

The corporation is a capital pool company (CPC) that has not commenced commercial operations and has no assets other than cash. Except as specifically contemplated in the TSX-V's CPC policy, until the completion of its qualifying transaction, the corporation will not carry on business, other than the identification and evaluation of businesses or assets with a view to completing a proposed qualifying transaction.

We seek Safe Harbor.