Breaker Resources NL : Strong drill results outside 1Moz open pit Resource at Lake Roe

ASX ANNOUNCEMENT

30 October 2020

Strong drill results outside 1Moz open pit Resource# at Lake Roe

Latest results will form part of planned Resource update,

including maiden Resource at Kopai

Highlights

• More strong drilling results in three areas at the Lake Roe Gold Project, 100km east of Kalgoorlie in WA, point to further growth in the 1Moz Resource#
• Bombora:Two diamond holes below the northern part of the open pit Resource returned multiple intersections, including:

•	BBDD0107	14.6m @ 1.35g/t Au including 4m @ 3.74g/t from 336m;
		8.8m @ 1.36g/t Au including 3.8m @ 2.39g/t from 366m;
		6.15m	@ 2.00g/t Au including 2m @ 5.08g/t from 418.9m; and
		5.7m @ 1.99g/t Au from 527.9m (first half of drill hole only)
•	BBRD1156	10.75m @ 1.02g/t Au including 2m @ 2.47g/t from 455.25m;
		2.65m	@ 2.17g/t Au including 0.65m @ 7.89g/t from 509m; and
		16.0m	@ 1.75g/t Au including 1.8m @ 8.46g/t from 611m

• Claypan-CarbineerProspect:Three diamond drill holes confirm a 200m-wide flat lode,

enhancing the discovery potential along the 12km-long contact of the Swan Lake Syenite:

•	BBDD0104	3.6m	@ 2.04g/t Au including 2.6m @ 2.60g/t and 0.73m @ 5.16g/t
•	BBDD0105	9.2m	@ 1.56g/t Au including 1.54m @ 3.56g/t

• Kopai-CrescentDiscovery:Reconnaissance drilling to determine the areal extent of mineralisation indicates a 1.8km x 500m deposit that is open to the south along the west branch of the Claypan Shear Zone
• Two diamond drill rigs and one reverse circulation rig are running continuously with plans to ramp this up once additional manning is in place

12 Walker Avenue	Telephone: +61	8 9226 3666
West Perth	WA 6005	Facsimile: +61	8 9226 3668
PO Box 244	Email: [e-mail]
West Perth	WA 6872	Website: www.breakerresources.com.au
	ASX Code: BRB	ACN: 145 011 178

ASX ANNOUNCEMENT 30 October 2020

Breaker Resources NL (ASX: BRB) ("Breaker", the "Company") is pleased to report further strong drilling results from three areas outside the 1Moz open pit Resource# at Bombora, situated within the Company's 100%-owned Lake Roe Project, 100km east of Kalgoorlie, Western Australia.

The drilling is part of a major program underway to grow the Resource, expand an extensively de- risked open pit mining option and realise the full potential of a 30km gold system outlined by regional aircore drilling.

A plan view of the new reverse circulation (RC) and diamond drilling is shown in Figures 1 and 2 along with comparative end-of-hole aircore drilling results over the same area, which highlight the potential of several areas still untested by any RC or diamond drilling. A full listing of significant results is provided in Appendix 1.

Breaker Executive Chairman Tom Sanders said the new results continued to demonstrate the growth potential at Lake Roe, where a pattern of drilling and consistent discovery has been established each quarter over five years. This bears all the hallmarks of new gold camp.

Figure 1A: Lake Roe Global RC & Diamond Drilling	Figure 1B: Lake Roe Global Aircore Drilling
(maximum gold)	(end-of-hole gold)

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ASX ANNOUNCEMENT 30 October 2020

"We are now starting to close the drill spacing at Bombora and Kopai-Crescent in preparation for resource delineation drilling. It is too early to put a timing on the next resource update as we are still firming up the geometry and extent of the gold mineralisation in several areas."

The Company is planning to expand its manning to facilitate a scaling up of activities to test several recently identified targets without affecting any planned resource drilling. These targets include the 12km-long Carbineer Prospect along the margin of the Swan Lake Syenite (Figure 1), the west branch of the Claypan Shear Zone extending south of the recent Kopai-Crescent drilling (Figure 2), and the 30km-long gold potential indicated by aircore drilling that extends well outside the 9km extent of gold mineralisation outlined by RC and diamond drilling to date (Figure 3).

Figure 2A: Kopai-Crescent RC & Diamond Drilling	Figure 2B: Kopai-Crescent Aircore Drilling
(maximum gold)	(end-of-hole gold)

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ASX ANNOUNCEMENT 30 October 2020

Figure 3A*: Lake Roe RC & Diamond Drilling	Figure 3B: Lake Roe Aircore Drilling
(maximum gold)	(end-of-hole gold)

A long sectional perspective of the Bombora diamond drilling is provided in Figure 4. Several photos of visible gold in diamond drill core from BBRD1156 are shown in Photos 1 to 3. A schematic cross-section of the diamond drilling at Claypan/Carbineer is provided in Figure 4, with photos of visible gold in BBDD0104 shown in Photos 4 and 5.

Further details of the drilling are provided in Annexure 1.

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• Two Exploration Licences, E28/2748 and E28/2817, purchased for total consideration of $50,000 expanding the overall project area to approximately 680km2

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