22:16:47 EDT Mon 15 Sep 2025
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New Break Resources Ltd
Symbol NBRK
Shares Issued 62,730,600
Close 2025-08-21 C$ 0.08
Market Cap C$ 5,018,448
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New Break awaits assays after completing Moray drilling

2025-08-22 04:19 ET - News Release

Mr. Michael Farrant reports

NEW BREAK PROVIDES EXPLORATION AND PROJECT UPDATE

New Break Resources Ltd. has completed a maiden diamond drilling program at its 100-per-cent-owned Moray gold project located 49 kilometres south of Timmins, Ont., and 32 km northwest of the Young-Davidson gold mine operated by Alamos Gold Inc.

The Moray drilling program, which commenced on July 12, 2025, was completed on Aug. 14, 2025, by Enviro North Exploration Inc. out of Sturgeon Falls, Ont. In total, six drill holes were completed for a total of 1,502 metres. Assays are pending. New Break has decided to focus its current exploration efforts entirely on its Moray property and nearby mineral claims located in Ontario.

Sundog gold project update

Effective April 30, 2025, New Break announced the sale of its Sundog gold project to Guardian Exploration Inc. New Break shareholders remain leveraged to the Sundog gold project through New Break's option to repurchase 20 per cent of the project at any time for $1. Guardian is responsible for financing 100 per cent of the exploration expenditures and meeting the obligations of the mineral exploration agreement governing the Sundog project. On May 24, 2025, Guardian submitted an application to the Nunavut Planning Commission in respect of a planned summer 2025 exploration program at Sundog. On June 20, 2025, the NPC approved the exploration program, indicating that no additional review was required by the Nunavut Impact Review Board. New Break expects that the exploration program will be undertaken in the near future.

Sale of Esker gold project exploration data

Other than its option to retain a 20-per-cent interest in the Sundog gold project, New Break has no further interest in any projects or mineral claims in Nunavut. As a result, New Break is pleased to announce that it has sold certain exploration data with respect to the Esker gold project and surrounding areas in Kivalliq, Nunavut, to Guardian in exchange for a cash payment of $20,000 and one million common shares in the capital of Guardian. Including the five million common shares of Guardian that New Break received in connection with the sale of the Sundog gold project, New Break holds six million common shares of Guardian currently valued at $840,000.

Qualified person

Peter C. Hubacheck, PGeo, consulting geologist to New Break, 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 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 km northwest of the Young-Davidson gold mine, operated by Alamos Gold. 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. New Break trades on the Canadian Securities Exchange under the symbol NBRK.

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