New Break resumes 2026 drilling program at Moray Gold

Toronto, Ontario--(Newsfile Corp. - June 30, 2026) - New Break Resources Ltd.  (CSE: NBRK) ("New Break" or the "Company")  is pleased to announce the resumption of drilling by Enviro North Exploration Inc., at its 100% owned Moray gold project (" Moray ") as part of its planned 10,000 metre 2026 drilling program. Moray is located 49 km south of Timmins, Ontario and 32 km northwest of the Young-Davidson gold mine operated by Alamos Gold Inc. ("Alamos"). Earlier this year, New Break drilled 3,376 metres in 22 drillholes, with 20 of those drilled in the Zavitz gold zone, yielding further excellent intervals of gold mineralization (see news release May 13, 2026).

Hole NBR-26-05 returned the best interval in the mafic volcanics of 3.46 g/t Au over 38.6 metres from 82.0 to 120.6 metres. Of possibly more significance was the fact that drilling delivered gold mineralized intervals in the syenite intrusive. Specifically, hole NBR-26-09 returned 1.31 g/t Au over 8.5 metres from 76.0 to 84.5 metres and hole NBR-26-12 returned 1.13 g/t Au over 7.5 metres from 36.0 to 43.5 metres.

This summer drilling program is expected to comprise approximately 2,500 metres in a minimum of 11 drillholes with the first 2 to 3 drillholes designed to fill in the top of the existing mineralized zone. This is a necessary exercise, both in terms of compiling information required for mineral resource estimation and for internal analysis with respect to open pit economics. The remainder of the drillholes will be collared in the syenite intrusive and drilled back through the contact with the mafic volcanics to specifically test for the extension of gold mineralization into the syenite.

If successful, it is expected that the mineralization will be at a lower grade than the mineralization in the mafic volcanics due to the nature of the host rock. The Young-Davidson gold mine evolved from a relatively narrow, high-grade vein deposit into one of Canada's largest underground gold mines when deep drilling demonstrated that the adjacent syenite intrusive hosted extensive disseminated gold mineralization suitable for bulk underground mining. At Young-Davidson, it is the syenite that contains the majority of the estimated gold mineral reserve.

Demonstration of the ability of the Moray intrusive to be widely mineralized, with the potential to host a large gold deposit, will be of greatest interest to a potential acquiror. With respect to economics, lower grade widely disseminated mineralization in a syenite intrusive can be very profitable. For example, during Q1 2026, the average gold grade milled by Alamos at the Young-Davidson underground gold mine was 1.75 g/t Au.

This generated US$97.4 million of mine-site free cash flow before capital expenditures, on 31,000 ounces of gold sales (source: Alamos news release April 29, 2026). Michael Farrant, President of New Break commented, "We are very excited to be specifically testing for gold mineralization in the syenite with this round of drilling. We know that outlining a gold mineralized zone within the syenite has the potential to be a game changer for New Break by positioning the Moray project to be a prime target for future acquisition by a larger gold producer.