Mr. William Love reports

NEW BREAK CLOSES SECOND TRANCHE OF PRIVATE PLACEMENT

New Break Resources Ltd., further to its news releases dated June 16, 2025, and June 27, 2025, has closed the second tranche of the previously announced non-brokered private placement through the issuance of 1.5 million common shares that qualify as flow-through (FT) shares (within the meaning of Subsection 66(15) of the Income Tax Act (Canada)) at a price of 8.5 cents per FT share for gross proceeds of $127,500.

The gross proceeds from the sale of the FT shares will be used for Canadian exploration expenses (CEE) and will qualify as flow-through mining expenditures as defined in the Income Tax Act (Canada). More specifically, these proceeds will be used in financing the drilling program that is currently in progress, as outlined in the news release dated June 17, 2025, at the company's Moray gold project, located approximately 49 kilometres south of Timmins, Ont., and 32 kilometres northwest of the Young-Davidson gold mine, operated by Alamos Gold Inc. The company paid $3,060 in finders' fees in connection with the closing of the second tranche of the offering.

All securities issued pursuant to this private placement are subject to a statutory hold period of four months and one day expiring on Dec. 1, 2025, in accordance with applicable Canadian securities laws. The completion of the financing is subject to certain conditions, including, but not limited to, the receipt of all required regulatory approvals, including final approval of the Canadian Securities Exchange.

Patricia Quigley purchased a total of 600,000 FT shares. This issuance of securities constitutes a related party transaction as such term is defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company is relying on an exemption from the formal valuation and minority shareholder approval requirements provided under MI 61-101 pursuant to Section 5.5(a) and Section 5.7(1)(a) of MI 61-101, on the basis that the issuance of the securities does not exceed 25 per cent of the fair market value of the company's market capitalization.

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. Shareholders also 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.

We seek Safe Harbor.