New Break Acquires Additional Mineral Claims at Moray Gold Project

Executive Summary

• New Break Resources Ltd. entered into a Mining Claim Acquisition Agreement to acquire 13 single‑cell and one multi‑cell claims (≈324 ha) in Zavitz, English, Semple and Bartlett Townships plus 38 single‑cell claims (≈783 ha) in Fripp Township, adding 1,107 ha adjacent to its Moray gold project.
• Consideration: cash payment of $5,000 and issuance of 125,000 New Break common shares, with half released after ~4 months and the remainder after 6 months; shares are placed in escrow.
• The acquired claims are royalty‑free and subject to CSE approval; historical work shows gold assays up to 3.50 g/t Au and drill intercepts of 2.50 g/t Au over 3 m (including 6.38 g/t Au over 1 m).

Key Details

• Acquired Area: Total of 1,107 ha (324 ha in four townships + 783 ha in Fripp Township).
• Consideration Structure:
• Cash: $5,000 payable at closing.
• Equity: 125,000 common shares issued to Vendor; 50% released 4 months + 1 day after closing, remaining 50% released 6 months after closing.
• Escrow Arrangement: Shares held in escrow with staggered release schedule as above.
• Regulatory Condition: Acquisition requires approval of the Canadian Securities Exchange (CSE).
• Historical Exploration Highlights:
• English Township grab samples (1990) – up to 3.50 g/t Au.
• Semple Township drill by Tri Origin Exploration Ltd. (1998) – intersected 2.50 g/t Au over 3.0 m (138–141 m), including 6.38 g/t Au over 1.0 m (138–139 m) in hole TE‑98‑08.
• Bartlett and Fripp Townships contain historic copper showings.
• Qualified Person: Peter C. Hubacheck, P.Geo., reviewed and approved the technical disclosure per NI 43‑101.

Notable Quotes

(No direct quotes were provided in the release.)