Mr. Michael Farrant reports
NEW BREAK ACQUIRES ADDITIONAL MINERAL CLAIMS AT MORAY GOLD PROJECT
New Break Resources Ltd. has entered into an agreement to acquire 13 single-cell and one multicell mineral claims totalling approximately 324 hectares in Zavitz, English, Semple and Bartlett townships, contiguous with its main Moray property, and an additional 38 single-cell mineral claims totalling approximately 783 hectares in Fripp township, which add to the company's existing property position to the northwest of Moray. Moray is located approximately 49 kilometres (km) southeast of Timmins, Ont., where the company's summer 2025 maiden drilling program resulted in a new gold discovery.
The additional 1,107 hectares are being acquired pursuant to a mining claim acquisition agreement entered into by New Break with an arm's-length individual.
Under the terms of the agreement, the vendor will receive a cash payment of $5,000 and will be issued 125,000 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. The acquisition of the acquired claims is subject to the approval of the Canadian Securities Exchange.
Many of the mineral claims being acquired were staked by the vendor due to the existence of historical mineral showings. In 1990, grab samples from prospecting on the English township claims, performed by G.S.W. Bruce, returned assay values of up to 3.50 grams per tonne gold (g/t Au). Drilling by Tri Origin Exploration Ltd. on the multicell mineral claim in Semple township in 1998 intersected 2.50 g/t Au over 3.0 metres from 138.0 to 141.0 metres, including 6.38 g/t Au over 1.0 from 138.0 to 139.0 metres in drill hole TE-98-08. A number of the acquired claims in Bartlett and Fripp townships have copper showings from historical work.
Qualified person
Peter C. Hubacheck, PGeo, consulting geologist to New Break and an independent 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 km 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. 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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