Mr. Michael Farrant reports

NEW BREAK COMPLETES SALE OF SUNDOG GOLD PROJECT IN KIVALLIQ, NUNAVUT

New Break Resources Ltd., effective April 30, 2025, has completed the sale of the company's 100-per-cent interest in the mineral rights and exploration data associated with the 9,415-hectare Sundog gold project, located in Kivalliq region, Nunavut, held pursuant to an Inuit-owned land mineral exploration agreement (MEA), and 60 drums (12,300 litres) of Jet A fuel, located in Arviat, Nunavut, to Guardian Exploration Inc., previously announced on Dec. 9, 2024, and April 10, 2025.

In consideration for the assignment of the MEA to Guardian, and the sale of the fuel and Sundog exploration data, Guardian has made a cash payment to New Break of $75,000, issued to New Break five million common shares of Guardian and has reimbursed New Break for the $18,830 the company paid in December, 2024, to Nunavut Tunngavik Inc. (NTI) in respect of the 2025 annual rent on the Sundog property. The consideration shares have a statutory hold period until Aug. 31, 2025. Guardian has assumed 100 per cent of the responsibility for the obligations under the MEA, including the annual exploration expenditure requirements and annual rent payments due to NTI, until a construction decision is made.

New Break retains an option to purchase a 20-per-cent interest in the Sundog project at any time for $1, carried through to a decision to mine. Upon exercise of the option, New Break and Guardian would enter into an agreement on standard industry terms to be mutually agreed upon, governing the joint operation on a 20/80 basis, respectively. New Break would only become responsible for financing 20 per cent of mine development costs once a construction decision has been made. New Break can sell its interest at any time, subject to Guardian having right of first refusal to buy New Break's 20-per-cent interest.

Michael Farrant, president of New Break, commented: "The sale of the Sundog gold project to Guardian strengthens the company's balance sheet through the receipt of $93,830 in cash and five million common shares of Guardian valued at $425,000 at closing. New Break shareholders still retain significant leverage to Sundog through New Break's option to buy back 20 per cent of the project for $1. In the meantime, it is expected that Guardian has the ability to more rapidly advance exploration efforts at Sundog, while New Break can focus the majority of our efforts on drilling the company's Moray gold project in Ontario, where exploration can also be carried out year-round."

The sale of Sundog is an arm's-length transaction under the policies of the TSX Venture Exchange. Completion of the sale was subject to approval from the exchange, NTI, and the boards of New Break and Guardian, as well as other conditions usual to transactions of this nature, all of which were obtained or fulfilled.

About New Break Resources Ltd.

New Break is a proudly Canadian mineral exploration company focused on its Moray gold project, located 49 kilometres south of Timmins, Ont., in a well-established mining camp within proximity to existing infrastructure, 32 kilometres northwest of the Young-Davidson gold mine, operated by Alamos Gold Inc. In addition, shareholders remain leveraged to exploration success in Nunavut, one of the most up-and-coming regions in Canada for gold exploration and production through New Break's 20-per-cent carried interest in the Sundog gold project. The company is supported by a highly experienced team of mining professionals. Information on New Break is available under the company's profile on SEDAR+ and on the company's website. New Break trades on the Canadian Securities Exchange under the symbol NBRK.

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