Fresh bread may be exposed (5)
I believe the answer is:
bared
'be exposed' is the definition.
(I've seen this in another clue)
'fresh bread' is the wordplay.
'fresh' indicates anagramming the letters (a fresh re-ordering of the letters).
'bread' with letters rearranged gives 'BARED'.
'may' is the link.
(Other definitions for bared that I've seen before include "Uncovered" , "Stripped" .)