New Break Provides Moray Exploration Update and Acquires Additional Mineral Claims

Executive Summary

• New Break Resources entered into an agreement to acquire four mineral claims (≈86 ha) that close the last gap in its Moray gold property, receiving $16,000 cash plus 80,000 common shares.
• The company received a new exploration permit (PR‑26‑000004) valid through February 9 2029 and resumed drilling on the Moray property, completing two holes in the Zavitz discovery zone.
• Visible gold was intersected at 100.3 m in drillhole NBR‑26‑04; assays are pending.

Key Details

• Acquisition Consideration: $16,000 cash + 80,000 New Break common shares (subject to a four‑month statutory hold).
• Claims Acquired: Four single‑cell mineral claims (~86 ha) in English and Zavitz Townships, royalty‑free, filling the final gap in the Moray property.
• Historical Showings on Claims:
• 43 North Showing – up to 1.2 g/t Au (Esso Minerals, 1987).
• Doctor Trench – up to 6.65 g/t Au (Tri Origin Exploration, 1996).
• Seska Trench – up to 1.2 g/t Au (Tri Origin Exploration, 1996).
• Regulatory Requirements: Acquisition pending CSE and other regulatory approvals; consideration shares subject to hold period.
• New Exploration Permit: PR‑26‑000004 issued on Feb 10 2026; expires Feb 9 2029; expands permitted drill pads around the Zavitz zone.
• Drilling Activity (Jan–Feb 2026):
• Two holes under existing permit – total 569 m in a high‑priority target ~3 km SE of Zavitz zone.
• After new permit issuance, drilling resumed in Zavitz zone; first two holes of a planned 2,000–2,500 m for Phase 1 (expected to run through end of March).
• Drillhole Result: Visible gold intersected at 100.3 m in hole NBR‑26‑04 (first visible gold on Moray property); assay results pending and may take several weeks.
• Qualified Person: Peter C. Hubacheck, P.Geo., reviewed and approved technical disclosure per NI 43‑101.

Notable Quotes

(No direct quotes were provided in the release.)