New Found Gold (NFG) Corporate presentation summary

Strategic positioning and leadership

• Operating in Newfoundland, Canada, ranked as a top 10 mining jurisdiction with strong infrastructure and government support for new mines by 2030.

• Assembled an experienced board and management team with a track record in mine development and operations.

• Strengthened financial position with C$63M bought deal financing and C$20M private placement, supported by key institutional investors.

Key assets and project development

• Queensway Gold Project advancing through a phased, low-capital approach, targeting 1.5 Moz Au over 15 years at an AISC of US$1,256/oz.

• Hammerdown Gold Project ramping up production, targeting 251 koz Au over 13 years with after-tax free cash flow of C$243.3M.

• Pine Cove Mill fully permitted and central to the hub-and-spoke mine plan, processing ore from Hammerdown and future Queensway phases.

2025 accomplishments and growth initiatives

• Completed acquisition of Maritime Resources, expanding land package by 31% and consolidating district-scale gold assets.

• Reported initial mineral resource estimate (MRE) for Queensway: 1.39 Moz indicated (18.0 Mt @ 2.40 g/t Au) and 0.61 Moz inferred (10.7 Mt @ 1.77 g/t Au).

• Published Queensway PEA with after-tax NPV5% of C$743M and IRR of 56.3% at US$2,500/oz gold price.

• Engaged project finance advisor to evaluate optimal financing for Queensway Phase 1 capex.