Trailbreaker Resources Reprices Warrants

VANCOUVER, British Columbia, Sept. 22, 2022 (GLOBE NEWSWIRE) — Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) announces that subject to all regulatory approvals, it has reduced the exercise price of 3,224,600 common share purchase warrants (the “Warrants”) to $0.25. The Warrants were issued pursuant to the following private placement financing:

• May 12, 2021   800,000 share purchase warrants exercisable at $0.35 and
    2,424,600 share purchase warrants exercisable at $0.49

The Company has also applied to extend the exercise period of all of the Warrants to May 12, 2024.

ON BEHALF OF THE BOARD

Daithi Mac Gearailt
President and Chief Executive Officer

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, follow Trailbreaker’s tweets at Twitter.com/TrailbreakerLtd, use the ‘Contact’ section of our website, or contact us at (604) 681-1820 or at [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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