New Break Resources Ltd. announced that the Company has further increased the land position at its Moray property (" Moray") to 8,311 hectares from 5,354 hectares. Moray is located approximately 49 km south of Timmins, Ontario and 32 km northwest of the Young-Davidson gold mine, operated by Alamos Gold Inc. Since March 1, 2023, New Break has increased its property position at Moray by 6,455 hectares through staking and acquisitions. The new claims cover approximately 2,957 hectares located in Zavitz Township, Ontario (dark green area), including 1,446 hectares which were acquired by New Break at a cost of $3,350 from the Ontario Ministry of Mines when the ground became open for staking.

The additional 1,511 hectares are being acquired pursuant to a mining claim acquisition agreement (the "Agreement") entered into by New Break with two arm's length individuals (the "Vendors"). Under the terms of the Agreement, the Vendors will receive a cash payment of $10,000 and will be issued 300,000 common shares of New Break at closing in exchange for 100% ownership in the Property, which shall also be royalty free. The Consideration Shares are subject to an escrow arrangement from which 50% of the Consideration Shares will be released four months and one day following closing and 50% six (6) months from closing.

All cash payments and issuances of Consideration Shares will be split 50% and 50% corresponding to the respective ownership percentages of the Vendors. The acquisition of the Property is subject to the approval of the Canadian. Securities Exchange.

The newly acquired ground is not subject to any area of influence requirement and is automatically added to ground covered by the October 22, 2021, Memorandum of Understanding between New Break and the Matachewan and Mattagami First Nations.