CANADIAN GOLD EXPLORATION Private & Confidential – September 2021 Cautionary Note Regarding Forward-Looking Statements This presentation contains or incorporates by reference “forward-looking statements” and “forward-looking information” under applicable Canadian securities legislation. Forward looking information includes, but is not limited to information with respect to the Company’s strategy, future plans, objectives or goals, including exploration plans at its mineral properties, renegotiation of the option agreement with Kraken Gold Corporation on the Timmins property, planned or anticipated capital raises, planned or anticipated budgets and potential for future estimated mineral resources. The Company cautions readers that forward looking information is based on certain assumptions and risk factors that could cause actual results to differ materially from the expectations of the Company included in this presentation. Forward-looking statements are characterized, but not limited to, words such as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, metallurgical testing, project development, reclamation and capital costs of the Company’s mineral properties, and the Company’s financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as, but are not limited to: failure to identify mineral resources; failure to convert estimated mineral resources to reserves; the preliminary nature of metallurgical test results; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; political risks; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets, inflation, changes in exchange rates; fluctuations in commodity prices; delays in the development of projects; capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company’s forward-looking statements. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this corporate presentation are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this corporate presentation, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. Qualified Person Peter Hubacheck, P.Geo., consulting geologist to New Break Resources Ltd., and a Qualified Person as defined by National Instrument 43-101 (“NI 43-101”), has reviewed and approved the technical disclosure in this presentation. 2 September 2021 The New Break Value Proposition GOLD – With interest rates at historic lows, a strong gold price, recent deals to buy Canadian gold development assets, gold focused assets are IN STRONG DEMAND. CANADA – has a strong history of mining in proven gold camps and rapidly expanding gold production in Nunavut, a vast underexplored northern frontier. Add Flow-Through financing tax incentives, specifically for Canadian mineral exploration, and Canada is ONE OF THE BEST JURISDICTIONS IN THE WORLD FOR MINERAL EXPLORATION AND DEVELOPMENT. PEOPLE & PARTNERSHIPS – EXPERIENCED MANAGEMENT TEAM AND ADVISORS that have worked extensively in Canadian mineral exploration and in Nunavut, firmly believe that Corporate Social Responsibility (CSR) is key to success, and supported by a STRONG TECHNICAL TEAM of experts, including Orix Geoscience Inc. STRATEGY – Acquire a combination of drill ready gold exploration assets in PROVEN GOLD CAMPS (Cadillac-Larder Lake) and highly prospective properties in vastly underexplored NUNAVUT, leveraging new geological thinking and key partnerships. GO PUBLIC with a concurrent financing supported by an ESTABLISHED PROPERTY PORTFOLIO, managed by the RIGHT PEOPLE, executing a STRATEGIC VISION. CAPITAL – LOW MARKET CAPITALIZATION & TIGHT SHARE STRUCTURE with strategic long-term investors as current shareholders, provide a superior investment opportunity. 3 September 2021 Capital Structure Current private company capital structure: $ amounts in Canadian Dollars As at August 31, 2021 Gross Management Proceeds Shares Outstanding & Directors Hard dollar financings $1,232,250 20,995,000 Accredited 22.8% Flow-through financings $861,181 9,103,300 Investors Friends & Long-Term Property Payments $155,000 3,100,000 Associates Shareholder 9.3% Shares Outstanding $2,248,431 33,198,300 60.4% Outstanding Options 650,000 at $0.05 to July 5, 2024 7.5% Outstanding Warrants 7,660,150 . 91.2% Canadian & 8.8% International Shareholders . Cash on hand – approximately $900k Implied Market Capitalization at $0.10 per share = $3.32 million 4 September 2021 Experienced Management & Board Michael Farrant, B.Comm., CPA, CA - President, CFO and Director Mr. Farrant has 25 years experience in gold mining, including President and CEO of Sierra Minerals Inc., a TSX listed Mexican gold producer (now Goldgroup Mining Inc.), CFO of junior gold producers and explorers, past VP Treasurer and Operations Controller with Kinross Gold Corporation and Corporate Controller with Barrick Gold Corporation. Mr. Farrant was co-founder, President and CEO of Commonwealth Silver and Gold Mining Inc., sold to Marlin Gold Mining Ltd. in 2015. Mr. Farrant received a Bachelor of Commerce (Honours) from Queen’s University in 1992 and earned his CA in 1995 with Coopers & Lybrand. Bill Love, B.Sc. (Geology), MBA - Vice-President, Exploration Mr. Love is a geologist who has been involved in mineral exploration in Canada for the last 35+ years. He was part of the discovery team for the world-class Hemlo deposit. Mr. Love was also an institutional equity salesperson in London, England for a Canadian brokerage firm and spent the last 15 years as a venture capitalist and a corporate finance specialist in a variety of resource and technology companies. Mr. Love received a Bachelor of Science (Honours) in Geology from Lakehead University in 1981 and a Masters of Business Administration from Saint Mary’s University in 1984. Nigel Lees, Executive Chairman (Audit Committee Member) Mr. Lees has over 30 years experience in investment banking and financing. He was a founder and past director of TVX Gold Inc., a significant North and South American gold producer, which merged with Kinross Gold Corporation in 2003. He has served as a member of the Listings Committee of the Toronto Stock Exchange as well as an officer and board member of several publicly listed junior mining companies. Most recently Mr. Lees served as a director of Yamana Gold Inc., including Chairman of the Compensation Committee. 5 September 2021 Experienced Management & Board Ashley Kirwan, M.Sc., P.Geo., Independent Director (Audit Committee Member) Ms. Kirwan is a geologist with over 12 years experience in the mining industry. She was part of the advancement of exploration and production assets within the Sudbury Basin (KGHM Mining formally QuadraFNX Mining), Nunavut, Nevada, and Ecuador. Ms. Kirwan is also the co-founder, President and CEO of Orix Geoscience Inc. a geological consulting firm recognized for their technical excellence, industry partnerships, and workplace culture. Ms. Kirwan received both a Bachelor of Science (Honours) and a Master of Science in Geology from Laurentian University. Joshua Bailey, MBA, B.Sc., M.Sc. (Geology), P.Geo., Independent Director Mr. Bailey is a professional geologist with over 20 years’ experience in the mining industry, with a focus on mineral exploration, corporate development, and investor relations. He currently serves as Chief Operating Officer and Director of Exiro Minerals Corp., an innovative private mineral exploration company. Prior to that, Mr. Bailey spent 13 years at Wallbridge Mining Company Limited, serving as Vice President Exploration, where he played a key role in the acquisition and early exploration of the Fenelon gold project in Quebec. Mr. Bailey received both a Bachelor of Science (Honours) from Memorial University and Masters of Science from Laurentian University, in Geology, and an MBA from Athabasca University. He also serves as Chair of the Ontario Prospectors Association, having been past president and a director since 2011. 6 September 2021 Experienced Management & Board Thomas Puppendahl, M.Sc., MBA, Independent Director (Audit Committee Chair) Mr. Puppendahl has over 28 years experience in global capital markets as a strategist, portfolio manager, investment banker and analyst. He is the founder & managing partner of Chancery Asset Management, an independent strategic advisory firm based in Singapore, specialising in precious metals and natural resources.