Trailbreaker Resources Announces Exchange Approval Of COHO Property Option
(TheNewswire)
June 5, 2025 – TheNewswire - Trailbreaker Resources Ltd.(TBK.V) (“Trailbreaker” or “theCompany”) is pleased to announce that the TSX Venture stock exchange(the “Exchange”) has approved the option agreement forTrailbreaker to acquire a 100% interest in the Coho property, centralBritish Columbia (BC).
The 8,000-hectare Coho property covers a copper-gold(Cu-Au) porphyry target located 90 km north of Fort St. James, BC, and30 km west of the Mount Milligan mine. Historically named the ChuchiSouth property, Trailbreaker renamed the project as the Coho propertywhen the Company announced the acquisition on May 26, 2025 ( see newsrelease ).
Terms of the Option Agreement
On May 15 th , 2025, Trailbreaker signed an optionagreement (the “Agreement”) with Ron Bilquist (“Bilquist”) ofGabriola, BC. Subject to the approval of the Exchange, Trailbreakerhas the option to acquire a 100% interest in the Coho property if thefollowing terms are met:
(a) pay to Bilquist an aggregate $380,000 asfollows:
(i) $20,000 on execution of this Agreement;
(ii) an additional $25,000 on or before May 20,2026;
(iii) an additional $35,000 on or before May 20,2027;
(iv) an additional $50,000 on or before May 20,2028;
(v) an additional $50,000 on or before May 20,2029;
(vi) an additional $200,000 on or before May 20, 2030;and
(b) issue and deliver to Bilquist an aggregate 700,000Trailbreaker common shares (“Shares”) as follows:
(i) 50,000 Shares within 10 days of the date ofRegulatory Approval;
(ii) an additional 100,000 Shares on or before May 20,2026;
(iii) an additional 150,000 Shares on or before May 20,2027;
(iv) an additional 200,000 Shares on or before May 20,2028;
(v) an additional 200,000 Shares on or before May 20,2029; and
(c) complete Expenditures on the Property of $200,000as follows:
(i) $200,000 of Expenditures on or before May 20, 2027;and
(ii) Expenditures (including the Expenditures referredto in (i) above) of $1 million or
1,500 metres of diamond drilling within 3years of receiving a drill permit
Upon completion of the Agreement, Trailbreaker willobtain a 100% interest in the property and Bilquist will retain atotal 2.0% Net Smelter Return (NSR) royalty, which may be brought downto 0.5% through a cash payment of $1,500,000 to Bilquist.
Upon completion of a bankable feasibility study,Trailbreaker shall pay to Bilquist $1,500,000.
Commencing on May 20, 2032, Trailbreaker shall pay toBilquist annually $30,000 as an advance payment against the royalty,such payments to be credited against the royalty once the propertygoes into commercial production.
For more information about the Cohoproperty see the May 26, 2025 news release or the Coho section onTrailbreaker’s webpage:
About Trailbreaker Resources
Trailbreaker Resources is a mining exploration companyfocused primarily on mining-friendly British Columbia and YukonTerritory, Canada. Trailbreaker is committed to continuous explorationand research, allowing maintenance of a portfolio of quality mineralproperties which in turn provides value for shareholders. The companyhas an experienced management team with a proven track record asexplorers and developers throughout the Yukon Territory, BritishColumbia, Alaska and Nevada.
ON BEHALF OF THE BOARD
Daithi Mac Gearailt
President and Chief Executive Officer
Carl Schulze, P. Geo., Consulting Geologist with AuroraGeosciences Ltd, is a qualified person as defined by NationalInstrument 43-101 for Trailbreaker's BC and Yukon explorationprojects, and has reviewed and approved the technical information inthis release.
Other
For new information about the Company’s projects,please visit Trailbreaker’s website at TrailbreakerResources.com and sign up to receive news. For further information, followTrailbreaker’s tweets at ,use the ‘Contact’ section of our website, or contact us at (604) 681-1820 or at info@trailbreakerresources.com .
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release.
Forward-Looking Statements
Statements contained in this newsrelease that are not historical facts are "forward-lookinginformation" or "forward-looking statements"(collectively, "Forward-Looking Information") within themeaning of applicable Canadian securities legislation and the UnitedStates Private Securities Litigation Reform Act of 1995.Forward-Looking Information includes, but is not limited to,disclosure regarding possible events, conditions or financialperformance that is based on assumptions about future economicconditions and courses of action; expectations regarding futureexploration and drilling programs and receipt of related permitting.In certain cases, Forward-Looking Information can be identified by theuse of words and phrases such as "anticipates","expects", "understanding", "has agreedto" or variations of such words and phrases or statements thatcertain actions, events or results "would","occur" or "be achieved". Although Trailbreakerhas attempted to identify important factors that could affect Trailbreaker and may causeactual actions, events or results to differ materially from thosedescribed in Forward-Looking Information, there may be other factorsthat cause actions, events or results not to be as anticipated,estimated or intended. In making the forward-looking statements inthis news release, if any, Trailbreaker has applied several materialassumptions, including the assumption that general business andeconomic conditions will not change in a materially adverse manner. There can be no assurance that Forward-Looking Information willprove to be accurate, as actual results and future events could differmaterially from those anticipated in such statements. Accordingly,readers should not place undue reliance on Forward-LookingInformation. Except as required by law, Trailbreaker does not assumeany obligation to release publicly any revisions to Forward-LookingInformation contained in this news release to reflect events orcircumstances after the date hereof or to reflect the occurrence ofunanticipated events.
Copyright (c) 2025 TheNewswire - All rights reserved.
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