13:03:57 EST Sun 08 Feb 2026
Enter Symbol
or Name
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CA



New Break Resources Ltd
Symbol NBRK
Shares Issued 86,202,100
Close 2025-10-21 C$ 0.285
Market Cap C$ 24,567,599
Recent Sedar+ Documents

New Break Resources appoints Fedosiewich as director

2025-10-22 16:01 ET - News Release

Mr. William Love reports

NEW BREAK APPOINTS MARK FEDOSIEWICH AND ANDREW THOMSON TO ITS BOARD OF DIRECTORS, APPOINTS PHILLIP WALFORD AS TECHNICAL ADVISOR AND GRANTS STOCK OPTIONS

New Break Resources Ltd. has appointed Mark Fedosiewich and Andrew Thomson to the company's board of directors and Phillip Walford, PGeo, as a technical adviser to the company. New Break has also expanded its technical team to include Peter Caldbick and Ronnie Therriault. These appointments formalize the involvement by all of these individuals in New Break's recently announced financings and exploration success, building on the company's new gold discovery at its Moray gold project, located approximately 49 kilometres southeast of Timmins, Ont.

Mr. Fedosiewich currently serves as the chairman of the board of Toronto Stock Exchange-listed Vior Inc., after serving as its president and chief executive officer from 2017 to 2024. He is an honours bachelor of commerce graduate who was involved in the investment industry for over 30 years in a number of senior advisory positions with several prominent investment firms. Mr. Fedosiewich has established, over his successful career, an extensive network of mining executives, experienced high-net-worth resource investors and prominent resource portfolio managers across North America and Europe.

Mr. Thomson currently serves as the president and CEO of TSX-V-listed Palamina Corp., where he oversees the exploration efforts of a large gold belt in Peru. Prior to that, he served as president and CEO of Soltoro Ltd., which defined a significant silver resource on the El Rayo silver project in southwestern Mexico and was acquired by Agnico Eagle Mines Ltd. in 2015. Mr. Thomson is an entrepreneur who has been actively exploring in Latin America since 1993. He is fluent in French and proficient in Spanish and also serves as a director of Montero Mining and Exploration Ltd.

Mr. Walford has over 40 years of experience in mine geology and exploration and, most recently, was the founder and former president and CEO of Marathon Gold Corp. from 2009 to 2019. Under his leadership, Marathon advanced the four-million-ounce Valentine gold project in Newfoundland and Labrador, for which he was recognized in 2021 as a co-recipient of the PDAC's (Prospectors & Developers Association of Canada) Bill Dennis Award for the significant discovery at Valentine. This culminated in the acquisition of Marathon by Calibre Mining Corp. in January, 2024, for approximately $345-million. Mr. Walford has held senior management positions at Marathon PGM Corp., Pamour Porcupine Mines Ltd., Lac Minerals Ltd., Geomaque Explorations Ltd., and Hudson Bay Exploration and Development. He currently serves as a director of Generation Mining Ltd. and technical adviser to several mining companies.

Peter Caldbick, PGeo, has over 40 years experience in exploration and mining throughout Canada, including the Abitibi greenstone belt in Northern Ontario and Quebec. He served as vice-president, exploration for Golden Chalice Resources Inc., where he led the discovery of the Langmuir W4 nickel deposit, and Liberty Mines Inc., where he led the discovery of the Hart East nickel deposit. He also served as chief geologist for SGX Resources Inc. during its 2012 drilling program on the Moray property. Mr. Caldbick holds a BSc in geology from University of Toronto and an environmental assessment certificate from Lakehead University. Most recently, Mr. Caldbick performed all of the core logging associated with New Break's summer drilling program at the Moray gold project.

Ronnie Therriault, MSc, PGeo, has 25 years of experience in mineral exploration, with most of his experience related to Archean gold. Mr. Therriault has served as senior geologist with numerous publicly listed junior exploration companies, where his duties included drilling program supervision, core logging and quality assurance/quality control implementation. From 2016 to 2021, he served as mineral exploration and development consultant with the Ontario Ministry of Northern Development and Mines, where he reviewed and made recommendations for exploration permit and plan applications that included consultation with first nations and GIS (geographic information system) compilation work. Mr. Therriault holds an MSc from the University of Western Ontario and is working with New Break to bring its 3-D geological modelling of the Moray gold project in-house.

Michael Farrant, president of New Break, commented: "I'm thrilled to welcome Mark and Andrew to the board of New Break. The leadership that Mark has demonstrated at Vior in helping to advance its mineral projects in Quebec's Abitibi region and to solidify its treasury, along with his strong relationships within the mining industry and the financial and investor communities, strengthens New Break's board tremendously. Andrew's assistance with New Break's latest private placement financing was invaluable. He brings a common-sense approach to the board, with a focus on creating shareholder value. Andrew was also instrumental in assisting with the addition of Phillip Walford as a technical adviser to New Break. Phillip's extensive knowledge of the Abitibi and his track record of taking discovery-stage projects and growing them into multimillion-ounce gold development projects are critically needed skills as we look to advance the Moray gold project. The additions of Peter Caldbick and Ronnie Therriault will provide some much-needed support to our exploration efforts at Moray. I believe that we now have the strength at the board level and the technical team in place to quickly and professionally advance our Moray gold discovery."

Stock option grant

New Break also announces that, effective Oct. 22, 2025, it has granted a total of 4.16 million incentive stock options to purchase common shares of the company to directors, officers and consultants of the company pursuant to the company's stock option plan. Each option is exercisable into one common share at a price of 28.5 cents per common share for a period of five years from the date of grant. The options vest in full on the grant date. This is the first stock option grant that includes a grant of stock options to officers of the company since New Break was publicly listed on the Canadian Securities Exchange on Sept. 7, 2022.

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, 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. New Break trades on the CSE under the symbol NBRK.

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