New Found Gold (NFG) Registration Filing summary

Company overview and business model

• Mineral exploration company focused on gold resource discovery and delineation, primarily in Newfoundland and Labrador, Canada, with the Queensway Project as its core asset.

• Incorporated in 2016, continued into British Columbia in 2020, and listed on TSXV and NYSE American.

• Business activities include acquisition, exploration, and technical evaluation of mineral properties, with a 100% owned flagship project and recent acquisitions to consolidate land position.

• The Queensway Project covers 175,600 hectares, with 92.2% of claims fully owned and the remainder under option agreements.

• No mineral reserves have been defined; the project is at the exploration stage with an initial Mineral Resource estimate announced in March 2025.

Financial performance and metrics

• Financial statements are prepared in accordance with IFRS and expressed in Canadian dollars.

• The company has a history of negative cash flow from operating activities and no earnings to date.

• As of the prospectus date, 200,707,994 common shares are issued and outstanding, with 9,811,500 options and no outstanding warrants.

• No dividends have been declared or paid since incorporation, and there is no current dividend policy.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used to advance the Queensway Project, including drilling, engineering, metallurgical testing, environmental studies, permitting, project development, and general corporate purposes.

• Proceeds may also be used to fund negative cash flow from operations, repay indebtedness, complete acquisitions, or for other corporate purposes as specified in future prospectus supplements.