Le Lézard
Classified in: Science and technology
Subject: Restructuring / Recapitalization

Goldstrike Resources Announces Name Change to Trailbreaker Resources

VANCOUVER, British Columbia, March 17, 2021 (GLOBE NEWSWIRE) -- Goldstrike Resources Ltd. (GSR.V) (Goldstrike) is pleased to announce it will be changing its name to Trailbreaker Resources Ltd. The company's new trading symbol will be TBK.V and its new CUSIP number will be CA89279P1018. Trading on the TSXV under the new symbol will be effective at market opening on March 22, 2021.

The new name of Trailbreaker Resources represents the company's changing focus to developing an evolved brand of district-scale discoveries in safe jurisdictions.

Daithi Mac Gearailt, CEO, states, "Over the past 10 years the group behind Goldstrike Resources has explored grassroot projects that were focused exclusively in the Yukon Territory. The Goldstrike story was one of many great discoveries and successes including forming a strategic partnership with a major mining company. As successful as this story has been, it is now time to start a new chapter. The Trailbreaker group has a unique talent for finding and exploring prospective areas that have been overlooked for various reasons and proving they have district scale potential. The name Trailbreaker better represents this renewed focus and philosophy, and we are excited to move forward with this new brand and create value to our share holders."

The recent discoveries in 2020 of the Willie Jack, Skelly, and McMurdo projects in British Columbia exemplify the direction of Trailbreaker Resources. These properties are 100%-owned with no underlying payments or royalties. Results from last years first-pass exploration programs can be found in Goldstrike's 2020 news releases:

Willie Jack: Goldstrike samples 164 grams per tonne gold and 257 grams per tonne silver at Willie Jack and proves widespread gold mineralization over 6 kilometers.

Skelly: Goldstrike samples 35.5 grams per tonne gold and 488 grams per tonne silver at Skelly property, northern BC.

McMurdo: Goldstrike samples 176 grams per tonne (5.13 oz/ton) gold at McMurdo property, southern British Columbia, Canada.

Exploration plans for these projects and more will be released in the coming weeks.

The Plateau property in Yukon Territory remains a highly significant asset in the company's portfolio and Trailbreaker is currently exploring various options to further unlock its value.

A new website for Trailbreaker Resources is underway and will be located at TrailbreakerResources.com


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/TrailbreakerRes, 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.

Forward-Looking Statements
Statements contained in this news release that are not historical facts are "forward-looking information" or "forward-looking statements" (collectively, "Forward-Looking Information") within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward-Looking Information includes, but is not limited to, disclosure regarding possible events, conditions or financial performance that is based on assumptions about future economic conditions and courses of action; expectations regarding future exploration and drilling programs and receipt of related permitting; and the plans for completion of the contemplated transactions with Newmont as set out above. In certain cases, Forward-Looking Information can be identified by the use of words and phrases such as "anticipates", "expects", "understanding", "has agreed to" or variations of such words and phrases or statements that certain actions, events or results "would", "occur" or "be achieved". Although Goldstrike has attempted to identify important factors that could affect Goldstrike and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. In making the forward-looking statements in this news release, if any, Goldstrike has applied several material assumptions, including the assumption that general business and economic conditions will not change in a materially adverse manner. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. Except as required by law, Goldstrike does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

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