New Found Gold (NFG) Site Visit Presentation summary

Growth and value creation

• Indicated mineral resource of 18.0 Mt at 2.40 g/t Au (1.39 Moz Au); inferred resource of 10.7 Mt at 1.77 g/t Au (610 koz Au).

• Over 610,000m drilled to date across a 175,600 ha land package with 110km mineralized corridor.

• Located in a top 10 global mining jurisdiction with highway access and renewable power.

• New leadership team and a catalyst-rich year with a fully funded PEA expected late Q2 2025.

Recent advancements and exploration

• Strengthened board and management in late 2024 to early 2025.

• Initial mineral resource estimate (MRE) published March 2025; recent drill results not yet included.

• 2025 work program expanded to 70,000m drilling, including resource definition, pre-development, and regional exploration.

• $63M bought deal financing closed; $20M private placement to close Q3 2025.

Mineral resource estimate and geology

• Total indicated resource: 18.2 Mt at 2.42 g/t Au (1.41 Moz Au); inferred: 10.7 Mt at 1.72 g/t Au (592 koz Au).

• Open pit resources at 0.3 g/t Au cut-off; underground at 1.65 g/t Au and minimum 1.8m width.

• Gold mineralization associated with major thrusts, especially the Appleton Fault Zone.

• High-grade shoots controlled by intersecting faults and veins, with rapid depressurization and boiling as key mechanisms.