09:42:46 EDT Sat 18 Oct 2025
Enter Symbol
or Name
USA
CA



New Break Resources Ltd
Symbol NBRK
Shares Issued 86,202,100
Close 2025-10-17 C$ 0.28
Market Cap C$ 24,136,588
Recent Sedar Documents

New Break increases Moray property size

2025-10-17 18:29 ET - News Release

Mr. Michael Farrant reports

NEW BREAK INCREASES MORAY PROPERTY POSITION THROUGH ACQUISITION AND STAKING

New Break Resources Ltd. has increased its land position to the west and northwest of its main Moray property through the acquisition of approximately 4,719 hectares and staking of approximately 473 hectares of additional mineral claims. Moray is located approximately 49 kilometres southeast of Timmins, Ont., where the company's recent maiden drilling program resulted in a new gold discovery.

The new claims cover approximately 5,192 hectares, including 473 hectares comprising 22 single-cell mineral claims which were acquired by New Break at a cost of $1,100 from the Ontario Ministry of Mines when the ground became open for staking. The additional 4,719 hectares are being acquired pursuant to a mining claim acquisition agreement entered into by New Break with two arm's-length individuals (the vendors).

Under the terms of the agreement, the vendors will receive a cash payment of $20,000 and will be issued 500,000 common shares of New Break at closing in exchange for 100-per-cent ownership in the acquired claims, which will also be royalty free. The consideration shares are subject to an escrow arrangement from which 50 per cent of the consideration shares will be released four months and one day following closing and 50 per cent six months from closing. All cash payments and issuances of consideration shares will be split 50 per cent and 50 per cent corresponding to the respective ownership percentages of the vendors. The acquisition of the acquired claims is subject to the approval of the Canadian Securities Exchange.

Michael Farrant, president of New Break, stated: "This property acquisition bridges the gap that existed between our main Moray property and many of the mineral claims that we own to the west of Moray and expands our property footprint to the northwest of Moray. In Bartlett township, we hold a large number of claims that are contiguous with the Texmont nickel sulphide project operated by Canada Nickel Company Inc. Over all, we believe that New Break's property position to the west and northwest of Moray, holds the geologic potential for additional mineral discoveries in addition to our recent gold discovery in the Zavitz zone at Moray."

Comment on recent staking of mineral claims to the north and east of Moray

The company is aware of the recent staking of mineral claims to the north and east of New Break's Moray property by another public company. These claims had sat open for staking for some time and had been evaluated by New Break's technical team for potential staking. New Break concluded that these claims held little to no potential for mineral discovery based on their underlying geology and absence of any known structures necessary for offering the possibility of hosting an economic orebody. Staking these claims would have only resulted in additional holding costs and offered no opportunity for improving the geologic potential of the Moray project.

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 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 Inc. Shareholders also remain leveraged to exploration success in Nunavut, a promising region 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.

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