New Break Resources resumes drilling at Moray

Executive Summary

• New Break Resources Ltd. has commenced the first phase of a planned 10,000-metre drilling program for 2026 at its 100%-owned Moray gold project in Ontario.
• The initial phase, expected to run for approximately two months, will focus on testing extensions of the newly discovered Zavitz gold zone and two other high-priority targets.
• The company reports being well-financed with approximately $2.8 million in cash to support the exploration activities.

Key Details

• Drilling Plan:
  • Total planned drilling for 2026: 10,000 metres.
  • First phase scope: Minimum of 2,500 metres, expected to run for approximately two months.
  • Contractor: Enviro North (Sturgeon Falls, Ont.).
• 2025 Maiden Drilling Results (Zavitz Gold Zone):
  • Total drilled in 2025: 2,924 metres in 12 drill holes.
  • Significant intercepts from four of eight holes in the Zavitz zone:
    • Hole NBR-25-04: 1.04 g/t Au over 86.7 metres (100.3m to 187.0m).
    • Hole NBR-25-05: 3.17 g/t Au over 43.0 metres (72.0m to 115.0m).
    • Hole NBR-25-09: 1.57 g/t Au over 70.7 metres (95.8m to 166.5m).
    • Hole NBR-25-10: 2.00 g/t Au over 38.0 metres (68.0m to 106.0m).
• 2026 Target Areas:
  • Zavitz Zone Extensions: Majority of drilling will test for extensions to the north (including into the syenite contact) and south-southeast.
  • Drill Target No. 1: Located ~3 km southeast of the Zavitz zone, testing the northwest-southeast-trending Galer Lake fault. Historical data includes a reference to 6.17 g/t Au over 3.66 metres in Noranda hole 65-1 (1965).
  • Drill Target No. 2: An interpreted north-south structure along the eastern contact of the syenite, postulated to represent remobilization of sulphides in mafic volcanics.
• Financial Position:
  • Cash on hand: Approximately $2.8 million.
• Technical & QA/QC:
  • Laboratory: Activation Laboratories (Timmins, Ont.), ISO 17025 certified.
  • Qualified Person: Peter C. Hubacheck, PGeo, consulting geologist.

Notable Quotes

• William Love, CEO: "This first phase of 2026 drilling is expected to run for approximately two months, where a minimum of 2,500 metres is planned. We're excited to resume drilling in the Zavitz discovery zone and to test two other high-priority target areas. New Break is well financed with approximately $2.8-million in cash."
• Michael Farrant, President: "The discovery holes in the Zavitz zone host very consistent gold grades and represent one of the more significant grass roots discoveries in the Ontario Abitibi in the last couple decades. We remain confident that continued exploration success at Moray will add significant value for our shareholders, especially given the current gold price environment and our proximity to numerous producing gold mines in the prolific Abitibi gold belt."