New Found Gold (NFG) Corporate Presentation summary

Project overview and strategy

• Advancing a phased development of the Queensway Gold Project in Newfoundland, Canada, with a focus on rapid cash flow and growth potential through a robust Preliminary Economic Assessment (PEA).

• The project is located in a top-ranked mining jurisdiction with excellent infrastructure and government support.

• New, experienced leadership and a catalyst-rich year ahead with a comprehensive 2025 work program underway.

Mineral resources and geology

• Initial Mineral Resource Estimate (MRE) includes 17.3 Mt indicated at 2.25 g/t Au (1.25 Moz) and 9.0 Mt inferred at 1.24 g/t Au (0.36 Moz) for open pit; underground resources add further ounces at higher grades.

• Over 75% of ounces in the mine plan are in the indicated category, with high conversion rates from resource to mine plan.

• The project covers a 110 km strike with significant strike, depth, and camp potential, and ongoing drilling targets high-grade zones.

• Geology is characterized by high-grade gold in vuggy quartz-carbonate veins, with mineralization styles similar to other major orogenic gold systems.

Phased mine plan and production profile

• Phase 1: 700 tpd high-grade open pit with offsite toll milling, targeting early cash flow.

• Phase 2: 7,000 tpd open pit with on-site processing and in-pit tailings deposition.

• Phase 3: Addition of underground mining, with five ramp systems accessing high-grade zones.

• Average annual gold production: 69.3 koz (years 1-4), 172.2 koz (years 5-9), totaling 1.5 Moz over a 15-year mine life.