New Break Resources Ltd. announced that it has entered into a mining claim acquisition agreement (the "Agreement") with three arm's length individuals (the "Vendors") pursuant to which New Break will acquire the Beyer Kitchiming Lake gold-copper property (the "Property") from the Vendors. The acquisition increases the land position at New Break's Moray property ("Moray") to 5,354 hectares from 2,894 hectares. The new claims cover approximately 2,460 hectares (dark green area).

Under the terms of the Agreement, the Vendors will receive a cash payment of $80,000 and will be issued 1,500,000 common shares of New Break (the "Consideration Shares") at closing in exchange for 100% ownership in the Property. The Consideration Shares are subject to an escrow arrangement from which 25% of the Consideration Shares will be released four months and one day following closing, 25% six (6) months from closing, 25% twelve (12) months from closing and 25% eighteen (18) months from closing. In addition, the Company has granted the Vendors a 1.5% net smelter return ("NSR") royalty on the commercial production of minerals from the Property, 1.0% of which may be purchased by the Company at any time for a cash payment of $750,000.

All cash payments and issuances of Consideration Shares will be split 50%, 30% and 20% 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 Kitchiming Lake property is dominantly underlain by a sequence of Tisdale assemblage mafic metavolcanic flow rocks, with exploration in the 1970's focused on widespread copper mineralization.

The southern part of the Property features a syenite intrusive, which is an extension of the gold mineralized Fiset syenite associated with New Break's existing Moray claims. High-grade gold mineralization was discovered by the vendors in 2010 along a corridor defined by an east-west striking synclinal structure transecting the Property immediately north of the syenite intrusive. Grab sampling by the vendors taken over a 1,600-metre distance along the axis of the syncline realized numerous high-grade gold assay results from several locations. 2021 trenching efforts returned grab samples of 3.31 grams per tonne gold ("g/t Au"), 3.58 g/t Au, 5.38 g/t Au and 8.92 g/t Au from shear zones hosting quartz stockwork veining and potassic, hematite, and pyrite alteration at the KW trench.

Quartz veining at the BB showing located 800 metres west of the KW trench yielded grab sample results of 1.70 g/t Au, 4.30 g/t Au and 8.90 g/t Au in similar geology. No historical diamond drilling has occurred in the vicinity of the high-grade gold showings on the Property.