Mr. Daithi Mac Gearailt reports

TRAILBREAKER FILES FOR APPROVAL OF $3.5M FLOW-THROUGH FINANCING

Further to its Feb. 26, 2026, and March 3, 2026, news releases, Trailbreaker Resources Ltd. has filed documents with the TSX Venture Exchange seeking conditional approval of its non-brokered charity flow-through private placement offering for proceeds of up to $3.5-million. On receipt of exchange approval, the company will issue:

1. Up to 2.5 million CMETC flow-through units at a price of 56 per unit, to raise proceeds of up to $1.4-million, to finance critical mineral exploration expenses, with each CMETC flow-through unit consisting of one CMETC flow-through common share and one-half of a common share purchase warrant, with each full warrant being exercisable at 50 cents for 24 months from the date of issue, with such CMETC flow-through units qualifying for the 30-per-cent critical mineral exploration tax credit as provided for in the Canadian federal budget of April 7, 2022;
2. Up to 4.2 million additional flow-through units at 50 cents per unit to raise proceeds of up to $2.1-million, with each flow-through unit consisting of one flow-through common share and one-half of a common share purchase warrant, with each full warrant being exercisable at 50 cents for 24 months from the date of issue, to finance flow-through mining expenditures within the meaning of Section 127(9) of the Income Tax Act (Canada) that qualify for the 15-per-cent mineral exploration tax credit.

All of the flow-through units and CMETC flow-through units issued pursuant to the offering will be subject to a hold period in Canada of four months plus one day from closing.

Finders' fees in cash and warrants may be paid in accordance with exchange policies.

The company will use an amount equal to the gross proceeds received by the company from the sale of the flow-through units and the CMETC flow-through units, pursuant to the provisions in the Income Tax Act (Canada), to incur eligible Canadian exploration expenses that qualify as flow-through mining expenditures, as both terms are defined in the Income Tax Act (Canada), on or before Dec. 31, 2027, and to renounce all the qualifying expenditures in favour of the subscribers of the flow-through units effective Dec. 31, 2026.

The proceeds of the private placement will be used to advance the company's various exploration projects.