New Break Resources Ltd. announced a non-brokered private placement up to 5,000,000 flow-through common shares at an issue price of CAD 0.15 per share for gross proceeds of up to CAD 750,000 on May 9, 2023. All securities issued under the transaction are subject to a four-month and one day statutory hold period. Finder's fees may be payable to qualified individual finders pursuant to which the finder may receive a finder fee equal to 6% of the gross proceeds received by the Company from purchasers under the transaction who were introduced to the company by such finder and finder warrants entitling the finder to purchase that number of common shares of the Company equal to 6% of the aggregate number of flow-through shares sold by such finder under the transaction at a price of CAD 0.15 per common share for a period of twenty-four months from the date of closing of the transaction.

The closing of the transaction is anticipated to take place on or about May 31, 2023, or such other date as the company may agree. The closing is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the Canadian Securities Exchange.