New Break acquires 86 hectares at Moray

Executive Summary

• New Break Resources Ltd. acquired four mineral claims totaling approximately 86 hectares in the English and Zavitz townships to fill gaps in its Moray property, with consideration of $16,000 cash and 80,000 common shares.
• The company received a new exploration permit (PR-26-000004) on Feb. 10, 2026, allowing for expanded drill pad locations based on the Zavitz gold discovery.
• Drilling resumed in late January 2026; the company has completed the first two holes of a planned 2,000–2,500 metre phase in the Zavitz zone and reported visible gold at 100.3 metres in drill hole NBR-26-04.

Key Details

• Mineral Claim Acquisition:
  • Target: Four single-cell mineral claims totaling ~86 hectares in English and Zavitz townships, Ontario.
  • Strategic Value: Fills the last remaining small gap in the main Moray property position; adds highly prospective gold exploration targets beyond the Zavitz discovery zone.
  • Historical Data: Claims contain historical showings including the 43 North showing (Esso Minerals, 1987) with grab samples up to 1.2 g/t Au, and Doctor/Seska trenches (Tri Origin Exploration, 1996) with results up to 6.65 g/t Au and 1.2 g/t Au.
  • Consideration: $16,000 cash payment and issuance of 80,000 common shares to arm's-length vendors.
  • Terms: Royalty-free acquisition; shares subject to a statutory hold period of four months and one day following closing.
  • Conditions: Subject to regulatory approvals, including the Canadian Securities Exchange.
• Exploration Permit:
  • Permit Number: PR-26-000004.
  • Issuance Date: Feb. 10, 2026.
  • Expiration: Feb. 9, 2029.
  • Purpose: Expands the number of existing permitted drill pads and properly locates them based on the Zavitz zone discovery and subsequent exploration work.
• Drilling Operations:
  • Pre-Permit Drilling: In late January 2026, two holes totaling 569 metres were drilled in a high-priority target area ~3 km southeast of the Zavitz zone under the existing permit.
  • Current Phase: Commenced Feb. 17, 2026, in the Zavitz discovery zone following receipt of the new permit.
  • Plan: First phase of 2026 drilling targets 2,000 to 2,500 metres.
  • Results: Completed first two drill holes of the new phase.
  • Intercept: Visible gold encountered at 100.3 metres in drill hole NBR-26-04.
  • Timeline: Assays expected to take several weeks; this phase of drilling expected to last until the end of March 2026.

Notable Quotes

• "New Break is pleased to announce that it has encountered visible gold at 100.3 metres in drill hole NBR-26-04. While this is the first instance of visible gold in drilling on the Moray property, there is no guarantee that this will have a material positive impact on assay results."