Mr. Bill Love reports

NEW BREAK INITIATES GRADIENT ARRAY IP SURVEY AT ITS MORAY PROPERTY

New Break Resources Ltd. has commenced an induced polarization (IP) survey at its Moray property, located approximately 49 kilometres south of Timmins, Ont., and 32 kilometres northwest of the Young-Davidson gold mine, operated by Alamos Gold Inc. The high-resolution gradient-array IP survey is intended to test for high-chargeability sulphides that may be associated with the gold mineralization and high resistivity associated with quartz veining and silica flooding within and on the margins of the Moray syenite intrusive.

The IP survey will encompass 62.5 line kilometres of survey lines. Gradient-array IP surveys offer greater depth penetration and better penetration of conductive overburden than conventional IP surveys. High-chargeability results could indicate the presence of pyrite, chalcopyrite and galena (lowest chargeability of the three sulphides), which, in the case of the surface results at trench 1 within the Moray syenite, also carries gold.

This IP survey will be the first of its kind to cover the entire interpreted extent of the gold-mineralized Moray syenite intrusive and will represent the last major exploration program prior to New Break undertaking a drilling program expected to focus exclusively on the syenite intrusive.

Gold mineralization at the Young-Davidson gold mine is contained principally within a syenite intrusive, which hosted mineral reserves as at Dec. 31, 2023, of 3,261,000 ounces of gold, contained in 43,911,000 million tonnes at an average grade of 2.31 grams per tonne gold (source: Alamos Gold's mineral reserve table as at Dec. 31, 2023). Disclaimer: The mineralization style and setting associated with the Young-Davidson gold mine are not necessarily indicative of the mineralization observed on the Moray property. The syenite target at Moray is three times the size (by area) of the syenite intrusive at Young-Davidson. Beginning in 1964, multiple historical drilling programs have been conducted on the Moray property by various operators, including Noranda, Rio Tinto and Newmont. However, over the past 60 years, not a single drilling program targeted the syenite intrusive as its primary focus.

Qualified person

Peter C. Hubacheck, PGeo, consulting geologist to New Break and a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical disclosure in this news release.

About New Break Resources Ltd.

New Break is a Canadian mineral exploration company with a dual vision for value creation. In Northern Ontario, New Break is focused on its Moray project, in a well-established mining camp, within proximity to existing infrastructure, while, at the same time, through its prospective landholdings in Nunavut that include the Sundog and Esker gold properties, the company provides its shareholders with significant exposure to the vast potential for exploration success in one of the most up-and-coming regions in Canada for gold exploration and production. New Break is supported by a highly experienced team of mining professionals committed to placing a premium on environmental, social and corporate governance. New Break began trading on the Canadian Securities Exchange on Sept. 7, 2022, under the symbol NBRK.

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