New Break Resources Ltd. announced that the Company has increased the land position at its Moray property (" Moray") to 2,894 hectares from 1,856 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. Moray exhibits comparable geology, mineralization and alteration characteristics to Young-Davidson, including mafic volcanic hosted and syenite hosted auriferous quartz vein zones. Current annual gold production at Young-Davidson runs 190,000 to 200,000 ounces at an average grade of 2.3 grams per tonne gold (" g/t Au"), generating in excess of USD 100 million of free cash flow annually at current gold prices.

The original Moray claims covering approximately 1,856 hectares (light green area), were acquired in September 2020 from Exiro Minerals Corp. ("Exiro"), a private junior mineral exploration company, for 2,500,000 shares of New Break and aggregate cash payments of $100,000. Exiro continues to hold their investment in New Break which represents 6.1% of the issued and outstanding common shares.

The newly added mineral claims (dark green area) of approximately 1,038 hectares, were acquired by New Break at a cost of $2,400 from the Ontario Ministry of Mines when the ground became open for staking, bringing the total property area to 2,894 hectares. The newly staked ground is not subject to any pre-existing area of influence requirement, is royalty free 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.