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Trailbreaker Adopts Semi-Annual Reporting

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Trailbreaker Adopts Semi-Annual Reporting

Executive Summary

Trailbreaker Resources Ltd. has announced its adoption of semi-annual financial reporting effective for the Q1 2026 period, taking advantage of Coordinated Blanket Order 51-933 issued by the British Columbia Securities Commission. This regulatory change allows eligible venture issuers on the TSX Venture Exchange and Canadian Securities Exchange to reduce their reporting frequency from quarterly to twice annually.

Under this new reporting structure, Trailbreaker will not file interim financial reports for the three-month period ending March 31, 2026, nor for the nine-month period ending September 30, 2026. The company will continue to meet its disclosure obligations through audited annual financial statements and semi-annual interim reports as required by the regulatory framework.

The strategic shift reflects a broader trend among junior mining companies seeking to optimize resource allocation between administrative compliance and core business activities. According to President and CEO Daithi Mac Gearailt, the move will allow the company to redirect resources from financial reporting preparation toward exploration activities, which are more directly value-accretive for shareholders at the company's current stage of development.

This development is particularly relevant for the junior mining sector, where exploration-stage companies often face significant administrative burdens relative to their operational scale and cash flow generation. The regulatory flexibility provided by Coordinated Blanket Order 51-933 represents a meaningful policy evolution that could influence reporting practices across the Canadian venture mining landscape, potentially allowing more companies to focus capital and management attention on core exploration and development activities rather than quarterly financial preparation.
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Press Release

This news release is being filed pursuant to Coordinated Blanket Order 51-933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers.

April 24, 2026 – Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company) announces that it is adopting semi-annual financial reporting in place of quarterly reporting, effective for the three-month interim period ending (Q1 2026 period end date).

The British Columbia Securities Commission recently issued Coordinated Blanket Order 51-933, which allows eligible venture issuers listed on the TSX Venture Exchange or Canadian Securities Exchange to file financial reports twice a year rather than four times. Trailbreaker meets the conditions of the Order and will begin relying on it starting with its Q1 2026 interim period.

As a result, the Company will not be filing an interim financial report or related MD&A for the three-month period ending March 31, 2026, nor for its nine-month period ending September 30, 2026. Trailbreaker will continue to file audited annual financial statements and semi-annual interim reports as required.

“For a company at our stage, preparing quarterly financial reports is a significant administrative burden relative to the information value they provide to our shareholders,” said Daithi Mac Gearailt, President and CEO of Trailbreaker Resources Ltd. “Shifting to semi-annual reporting lets us direct more of our resources toward exploration and creating value in the ground, while still meeting our disclosure obligations to investors.”

Daithi Mac Gearailt President and Chief Executive Officer

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.

The post Trailbreaker Adopts Semi-Annual Reporting appeared first on Trailbreaker Resources Ltd. | Canadian-based mining exploration company focused on gold exploration in North America.

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