Corporate Profile

About New Break (CSE: NBRK)

New Break Resources Ltd. ("New Break") is a proudly Canadian mineral exploration company focused on its 100% owned Moray gold project in northern Ontario, located in a well-established mining camp within proximity to existing infrastructure, 32 km northwest of the Young-Davidson gold mine, operated by Alamos Gold Inc.  Shareholders also remain leveraged to exploration success in Nunavut, one of the most up and coming regions in Canada for gold exploration and production through New Break’s 20% carried interest in the Sundog gold project, being advanced by Guardian Exploration Inc.  The Company is supported by a highly experienced team of mining professionals.  On September 7, 2022, the Company became listed on the Canadian Securities Exchange (“CSE”) and trades under the symbol NBRK.  The address of the Company's corporate office and principal place of business is 110 Yonge Street, Suite 1601, Toronto, Ontario, M5C 1T4, Canada.  Further information on New Break is available under the Company’s profile on SEDAR+ at www.sedarplus.ca.

Description of the Business

New Break’s Moray property covers 10,326 hectares, located in the southern Abitibi greenstone belt, approximately 49 km southeast of Timmins, Ontario and 32 km northwest of the Young-Davidson gold mine operated by Alamos Gold Inc.  The initial property package of 1,856 hectares was purchased in 2020 and expanded through staking and through two additional property acquisitions in 2023.  Exploration work from 2021 to 2024 has included a drone mag survey, VLF surveys, a till sampling survey, multiple stripping and trenching programs, prospecting, channel sampling, geological mapping and most recently, the completion of a 55.7 line-km IP survey covering the entire interpreted extent of a large gold mineralized syenite intrusive.  Gold mineralization at the Young-Davidson mine is also contained in a syenite intrusive.  New Break has immediate plans to conduct a maiden drilling program at Moray, principally focused on the syenite intrusive.  Effective April 30, 2025, New Break sold its Sundog gold project located in Kivalliq, Nunavut to Guardian Exploration Inc. (“Guardian”).  The Sundog gold project covers approximately 9,415 hectares within parcel AR-35 on Inuit Owned Land.  New Break has retained a 20% carried interest in the Sundog project through an option to repurchase 20% of the project at any time for $1.  All obligations under the mineral exploration agreement with the Inuit are the responsibility of Guardian, as is the obligation to bear 100% of the cost of exploration expenditures.  New Break would only be required to fund its 20% of mine construction, if and when a development decision is made.  New Break also owns 5,000,000 common shares of Guardian (TSX-V: GX) having a value of approximately $400,000.