The gross proceeds from the sale of the FT Shares will be used for Canadian Exploration Expenses (" CEE ") and will qualify as "flow-through mining expenditures" as defined in the Income Tax Act (Canada). More specifically, these proceeds will be used to fund a planned drilling program, as outlined by New Break in its news release dated June 17, 2025, at the Company's Moray gold project, located approximately 49 km south of Timmins, Ontario and 32 km northwest of the Young-Davidson gold mine, operated by Alamos Gold Inc. The proceeds from the sale of the Units will be used for general working capital purposes. No finder's fees were paid in connection with the closing of the first tranche of the Offering.