01:26:43 EDT Thu 17 Sep 2026
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New Break Resources Ltd
Symbol NBRK
Shares Issued 90,965,100
Close 2026-09-16 C$ 0.185
Market Cap C$ 16,828,544
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New Break drills 6.5 m of 3.12 g/t Au at Moray

2026-09-16 23:13 ET - News Release

Mr. William Love reports

NEW BREAK REPORTS 3.12 G/T AU OVER 6.5 METRES AND 1.61 G/T AU OVER 10.8 METRES FROM THE BALANCE OF SUMMER DRILLING AT ITS MORAY GOLD PROJECT

New Break Resources Ltd. has received results from the last four holes of a 10-hole, 1,996-metre summer drilling program in the Zavitz gold zone at the company's 100-per-cent-owned Moray gold project. In total, New Break has completed 5,372 metres of drilling in 32 drill holes in 2026. Moray is located 49 kilometres southeast of Timmins, Ont., and 32 kilometres northwest of the Young-Davidson gold mine operated by Alamos Gold Inc.

Select results from the final four of 10 holes drilled in the summer drilling program are presented below in Table 1.

William Love, chief executive officer of New Break, commented: "Ongoing drilling this summer in the Zavitz gold zone continues to deliver significant gold values, with gold mineralization intercepted in every drill hole. [...] Gold mineralization has been encountered predominantly within the mafic volcanics. Importantly, drill holes NR-26-29 and NR-26-32, the deepest drilled to date, demonstrate that gold mineralization extends into the syenite to the southeast at the contact with the mafic volcanics."

He further noted: "The intrusive-mafic volcanic contact in the Zavitz gold zone has a distinctive magnetic high. This could be reflective of the higher proportion of iron in these mafic volcanics, which is associated with the higher gold values. This same magnetic and IP [induced polarization] signature has been identified elsewhere in areas also believed to be along the intrusive-mafic volcanic contact. Drilling these never-before-tested targets with the goal of identifying gold mineralization similar to that encountered in the Zavitz zone represents the potential for significantly expanding the Moray gold discovery. There is also the belief that the Zavitz zone could represent the first of a series of stacked mineralized gold zones, which would point to the potential for a much larger gold system at depth. We plan to test this through deeper drilling directly into the Zavitz zone."

About the Moray gold project

The Moray property is located in the heart of the Ontario Abitibi greenstone belt, 49 kilometres southeast of Timmins surrounded by a number of significant gold-producing companies and existing mills. The Young-Davidson gold mine operated by Alamos Gold, with its 8,000-tonne-per-day mill, is the closest and within a short trucking distance of approximately 45 kilometres by road from Moray.

The understanding of gold mineralization at Moray continues to evolve with each round of drilling. The occurrence of gold mineralization extending into the syenite to the southeast of the Zavitz zone and in the deepest drill holes is noteworthy given the presence of syenite-hosted mineralization at Young-Davidson. More recent examination of the drill core also suggests that the gold mineralization discovered to date may resemble an intrusion-related style of deposit like Agnico Eagle's Upper Beaver gold deposit east of Kirkland Lake, as opposed to a structurally hosted gold system. Both Young-Davidson and Upper Beaver host multimillion-ounce gold deposits.

Technical content and qualified person

The scientific and technical information contained in this news release has been reviewed and approved by Peter C. Hubacheck, PGeo, consulting geologist to New Break and an independent qualified person as defined by National Instrument 43-101. Mr. Hubacheck certifies that this news release fairly and accurately reflects the technical information and data presented. New Break conducts its exploration activities in accordance with CIM (Canadian Institute of Mining, Metallurgy and Petroleum) best-practice guidelines.

Quality assurance/quality control procedures

QA/QC procedures were executed to ensure all work is conducted in accordance with best practices. All drill core was sawn in half, with one-half of the core prepared for shipment and the other half retained for future verification. All core is under watch from the drill site to the core processing facility. Drill core is BQTK size and sample intervals range from 0.5 metre to 1.0 metre in length. Commercially prepared certified reference material (CRM) standards and blanks were inserted with each shipment at a rate of one QA/QC sample in every 12 core samples. Samples from New Break's 2026 Moray drilling program were analyzed at Activation Laboratories in Timmins, Ont., which is ISO 17025 certified, by 30-gram fire assay with atomic absorption finish. Any sample assaying greater than 10.0 grams per tonne gold was reassayed with fire-assay gravimetric analysis.

Grade composite intervals over core lengths are calculated using a weighted average grade with a cut-off grade of 0.3 gram per tonne gold. Up to 1.0 m of internal dilution (consecutive interval below cut-off grade) is included within specific geologic domains and alteration assemblages, except as otherwise noted. The composites are constrained geologically by metasomatic alteration processes sourcing from the Fiset syenite intrusion and contact mafic volcanic rocks. Elevated gold values are coincident with hematite, silica, sericite and pyrite mineralization within structurally prepared brecciated corridors flanking the intrusion. Intervals are not true widths and no top cutting has been applied to the higher gold values.

About New Break Resources Ltd.

New Break is a Canadian mineral exploration company focused on its Moray gold project, located 49 kilometres southeast of Timmins, Ont., in a well-established mining camp within proximity to existing infrastructure and 32 kilometres northwest of the Young-Davidson gold mine, operated by Alamos Gold. 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 six million shares of Guardian Exploration Inc. The company is supported by a highly experienced team of mining professionals.

New Break trades in Canada on the Canadian Securities Exchange under the symbol NBRK, in the United States on the OTCQB Venture Market under the symbol NBRKF and on the Frankfurt Stock Exchange under the symbol O91).

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