Mr. William Love reports

NEW BREAK AWARDED $200,000 OJEP GRANT IN SUPPORT OF ITS MORAY GOLD PROJECT

New Break Resources Ltd.'s 100-per-cent-owned Moray gold project, located approximately 49 kilometres southeast of Timmins, Ont., has been selected as one of 68 projects to receive a grant as part of a $10-million investment by the government of Ontario under the 2025-2026 Ontario junior exploration program, announced today in Sudbury by the Ministry of Energy and Mines.

New Break applied for the 2025-2026 OJEP intake on July 3, 2025, which allowed for a reimbursement of 50 per cent of eligible exploration expenditures incurred from April 1, 2025, to Feb. 28, 2026, up to a maximum reimbursement of $200,000. New Break completed the expenditure requirement during its six-hole, 1,502-metre maiden drilling program in third quarter 2025 that resulted in a significant gold discovery (see news release dated Sept. 17, 2025). On Dec. 10, 2025, New Break received notice from the ministry that Moray had been approved for funding under this round of OJEP, and, on March 2, 2026, the company received a payment of $200,000 in reimbursement of a significant portion of the 2025 discovery drilling program.

Today's announcement of the latest investment by the Province of Ontario builds on the $30-million invested in previous rounds of OJEP funding that has helped 213 mining companies finance early exploration projects, including New Break's Moray gold project. Including this year's funding, New Break has received $836,224 in aggregate grants from 2022 to 2025, participating in the past five of a total of six OJEP intakes to date.

Michael Farrant, president of New Break, commented: "I would like to offer my sincere thanks to Minister Lecce and to the Ford government for supporting junior mineral exploration in the province of Ontario. In aggregate, we estimate that the company has avoided approximately 10 million shares of additional dilution while Moray has received $836,224 of additional exploration, including the drilling program that resulted in our 2025 gold discovery. OJEP is part of the Ontario government's plan to build a more competitive, resilient and self-reliant economy, helping junior exploration companies in Ontario find the mines of the future. New Break is proud to be an ongoing OJEP grant recipient, and we are even more thrilled to have fulfilled our part by delivering a new gold discovery. We look forward to continuing to work in partnership with the government of Ontario and first nations, along with our technical team and various other stakeholders as we continue to advance our Moray gold discovery with 2026 drilling well under way."

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 are also leveraged to exploration success in Nunavut, Canada, through New Break's 20-per-cent carried interest in the Sundog gold project and ownership of 6.0 million shares of Guardian Exploration Inc. 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 and on the Frankfurt Stock Exchange under the symbol O91.

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