New Break Consolidates Moray Project Land Position and Grants Stock Options

Rhea-AI Summary

New Break Resources (OTCQB:NBRKF) expanded and consolidated its Moray gold project near Timmins, Ontario. The company bought five mineral claims in McArthur Township for $3,500 (108 hectares) and staked 36 additional claims for $1,800 (774 hectares), creating a unified 28,286-hectare land package.

New Break also granted 300,000 stock options to three Timmins-based consultants, exercisable at $0.285 per share for five years, vesting immediately.

Positive

• Moray land position consolidated into a single 28,286-hectare package
• New 882 hectares added for a total cash cost of $5,300
• Greater flexibility to distribute assessment credits across Moray claims
• 300,000 options align key local consultants with shareholder interests

Negative

• 300,000 new stock options introduce potential future share dilution

News Market Reaction – NBRKF

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In the May 20 session, NBRKF declined 15.31%, reflecting a significant negative market reaction.

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Toronto, Ontario--(Newsfile Corp. - May 20, 2026) - New Break Resources Ltd. (CSE: NBRK) (OTCQB: NBRKF) (FSE: O91) ("New Break" or the "Company") has purchased five mineral claims in McArthur Township for $3,500 covering 108 hectares and staked an additional 36 mineral claims at a cost of $1,800, covering 774 hectares in Fripp and McArther Townships. The acquisition of the five claims joins two large previously non-contiguous land positions at the Company's Moray property ("Moray"), into one large 28,286-hectare land package. The ability to distribute assessment credits across nearly all of the Moray project mineral claims, allows for greater flexibility with respect to the timing and extent of conducting exploration activities outside of drilling the Zavitz gold zone. Moray is located approximately 49 km southeast of Timmins, Ontario and 32 km northwest of the Young-Davidson gold mine, operated by Alamos Gold Inc.

Figure 1 - Moray property including mineral claims staked and acquired since January 1, 2026.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8019/298161_c6c86834c4d0da6c_001full.jpg

Stock Option Grant

New Break also announces that effective May 20, 2026, it has granted a total of 300,000 incentive stock options (the "Options") to purchase common shares of the Company ("Common Shares") to three consultants pursuant to the Company's stock option plan. Each Option is exercisable into one Common Share at a price of $0.285 per Common Share for a period of five (5) years from the date of grant. The Options vest in full on the grant date. Each of the consultants, local to the Timmins area, has performed a key role in all drilling programs to date at the Company's Moray gold project, and will continue to support ongoing drilling at Moray. None of the consultants had received a previous grant of Options.

Qualified Person and Disclaimer

Peter C. Hubacheck, P. Geo, consulting geologist to New Break, and an independent Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical disclosure in this news release.

About New Break Resources Ltd.

New Break is a Canadian mineral exploration company focused on its Moray gold project located 49 km south of Timmins, Ontario, in a well-established mining camp within proximity to existing infrastructure, and 32 km northwest of the Young-Davidson gold mine, operated by Alamos Gold Inc. Shareholders are also leveraged to exploration success in Nunavut, Canada, through New Break's 20% carried interest in the Sundog gold project and ownership of 6.0 million shares of Guardian Exploration Inc. (TSXV: GX). The Company is supported by a highly experienced team of mining professionals. Information on New Break is available under the Company's profile on SEDAR+ at www.sedarplus.ca and on the Company's website at www.newbreakresources.ca.

New Break trades in Canada on the Canadian Securities Exchange (www.thecse.com) under the symbol CSE: NBRK, in the United States on the OTCQB Venture Market (www.otcmarkets.com) under the symbol OTCQB: NBRKF and on the Frankfurt Stock Exchange (www.live.deutsche-boerse.com) under the symbol FSE: O91.

For further information on New Break, please visit www.newbreakresources.ca or contact:

Michael Farrant, President and CFO Tel : 416-278-4149 E-mail: mfarrant@newbreakresources.ca

William Love, Chief Executive Officer Tel: 519-272-6312 E-mail: wlove@newbreakresources.ca

 

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No stock exchange, regulation securities provider, securities commission or other regulatory authority has approved or disapproved the information contained in this news release.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to receipt of regulatory and stock exchange approvals, grants of equity-based compensation, renouncement of flow-through exploration expenses, property agreements, timing and content of upcoming work programs, geological interpretations, receipt of property titles, an inability to predict and counteract the effects global events on the business of the Company, including but not limited to the effects on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains etc. Forward-looking information addresses future events and conditions and therefore involves inherent risks and uncertainties, including factors beyond the Company's control. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update publicly or otherwise any forward-looking information, except as may be required by law. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's financial statements and management's discussion and analysis (the "Filings"), such Filings available upon request.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/298161

FAQ

What land acquisition did New Break Resources (NBRKF) announce for the Moray project on May 20, 2026?

New Break acquired five mineral claims and staked 36 more, adding 882 hectares to Moray. According to New Break, this joins previously separate positions into a unified 28,286-hectare land package near Timmins, Ontario.

How much did New Break Resources (NBRKF) pay for the new Moray mineral claims?

New Break paid $3,500 for five purchased claims and $1,800 to stake 36 claims. According to New Break, the total $5,300 investment covers 882 hectares in McArthur and Fripp townships within the Moray project.

How does consolidating the Moray land package benefit New Break Resources (NBRKF) investors?

Consolidation creates one 28,286-hectare Moray land package, improving administrative and exploration flexibility. According to New Break, it can now distribute assessment credits across most claims, aiding planning beyond drilling at the Zavitz gold zone.

What stock options did New Break Resources (NBRKF) grant to consultants on May 20, 2026?

New Break granted 300,000 incentive stock options to three consultants at an exercise price of $0.285. According to New Break, the options vest immediately and are exercisable for five years into common shares.

Who received New Break Resources (NBRKF) stock options and why are they important?

Three Timmins-based consultants received 300,000 options, all vesting on the grant date. According to New Break, these consultants have played key roles in all Moray drilling programs and will continue supporting ongoing drilling at the project.

Where is New Break Resources’ (NBRKF) Moray project located relative to Timmins and Young-Davidson mine?

Moray is about 49 km southeast of Timmins and 32 km northwest of the Young-Davidson gold mine. According to New Break, Young-Davidson is operated by Alamos Gold and lies within the same general region.