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TSX-V: NFG | NYSE-A: NFGC QUEENSWAY GOLD PROJECT PEA RESULTS WEBINAR GROUNDED IN DISCOVERY, FOCUSED ON GROWTH JULY 22, 2025
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DISCLAIMER newfoundgold.ca TSX-V: NFG | NYSE-A: NFGC This presentation contains certain forward -looking statements within the meaning of Canadian securities legislation (the “Forward -looking Statements”), including with respect to the results of the Preliminary Economic Assessment (“PEA”) for the Queensway Gold Project (the “Project”): the projected economics of the Project, including average annual production, the net present value, the internal rate of return, the payback period, cash flow, mine life, and capital and operating costs; the phased mine plan; the project design and timing; the project development timeline, including commencement of construction and timing of first production; regulatory approvals and permitting; access and infrastructure for the Project; community support for the Project; the identification of further mineral resources at the Project; the conversion of existing mineral resources into categories of mineral resources or mineral reserves of increased geological confidence; engineering and environmental studies; a Feasibility Study and the timing thereof; metallurgical testwork; ; exploration and drilling ; growth of the Queensway Project and value creation for shareholders and the communities ; expansion potential of the Queensway Project ; the Company’s short and long term objectives ; the jurisdiction of the Queensway Project ; the merits and potential of the Queensway Project, the closing of the Private Placement, including obtaining shareholder approval and the timing thereof ; the proceeds of the financing and the use of such proceeds . Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct . Forward -looking statements are not historical facts ; they are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “indicates,” “projects,” “aims,” “potential,” “goal,” “objective,” “prospective,” and similar Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include risks associated with possible accidents and other risks associated with mineral exploration operations; the risk that the Company will encounter unanticipated geological factors; risks associated with the accuracy of the PEA; risks related to the results and timing of studies; risks related to the interpretation of assay results and the results of the drilling and exploration programs; the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out the Company’s exploration and other plans; the risk that the Company will not be able to raise sufficient funds to carry out its plans; the risk of political uncertainties and regulatory or legal changes that might interfere with the Company’s business and prospects, risks related to assumptions regarding gold price and inflation and prices for key supplies, and risks related to disruptions affecting activities at the Project. The reader is urged to refer to the Company’s Annual Information Form and Management’s Discussion and Analysis, publicly available through the Canadian Securities Administrators’ System for Electronic Document Analysis and Retrieval (SEDAR+) at www.sedarplus.ca for a more complete discussion of such risk factors and their potential effects. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. New factors emerge from time to time, and it is not possible for the Company to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any Forward-looking Statement. Any Forward-looking Statements contained in this presentation are expressly qualified in their entirety by this cautionary statement. Compliance with NI 43-101 Unless otherwise indicated, New Found Gold has prepared the scientific and technical information in this presentation (“Technical Information”) based on information contained in the news releases and Technical Report (collectively the “Disclosure Documents”) available under New Found Gold’s profile on SEDAR+ at www.sedarplus.ca. Each Disclosure Document was prepared by or under the supervision of a qualified person (a “Qualified Person”) as defined in NI 43-101. Readers are encouraged to review the full text of the Disclosure Documents which qualifies the Technical Information. Readers are advised that mineral resources that are not mineral reserves do not have demonstrated economic viability. The Disclosure Documents are each intended to be read as a whole, and sections should not be read or relied upon out of context. The Technical Information is subject to the assumptions and qualifications contained in the Disclosure Documents. Disclosure Documents include the news release titled “New Found Announces Preliminary Economic Assessment for the Queensway Gold Project”, dated July 21, 2025; the news release titled “New Found Gold Corp. Announces Initial Mineral Resource Estimate for the Queensway Gold Project, Newfoundland and Labrador”, dated March 24, 2025; the news release titled “New Found Reports Positive Phase 1 Metallurgical Test Results Demonstrating 90% to 96% Gold Extraction at Queensway”, dated April 3, 2024; the news release entitled “New Found Reports Positive Phase II Metallurgical Test Results Demonstrating 97% Gold Extraction at Iceberg and Iceberg East”, dated November 1, 2024; and the technical report titled “43-101 Technical Report for the Queensway Gold Project, Newfoundland and Labrador, Canada”, dated April 15, 2025, as amended and restated on May 20, 2025, with an effective date of March 18, 2025, prepared by Pierre Landry, P.Geo., Lance Engelbrecht, P.Eng., and David M. Robson, P.Eng., of SLR Consulting (Canada) Ltd., in conjunction with Sheldon H. Smith, P.Geo. of Stantec Consulting, each independent qualified persons under NI 43-101 (the “Technical Report”). Keith Boyle, P.Eng., CEO of the Company, and a Qualified Person pursuant to NI 43-101, has reviewed and approved the scientific and technical information contained in this presentation. Mr. Boyle has verified the data disclosed herein, including sampling, analytical and test data underlying the technical information contained herein.
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PEA WEBINAR newfoundgold.ca TSX-V: NFG | NYSE-A: NFGC Principal Presenters: Joined by: Keith Boyle CEO Melissa Render President Michael Kanevsky CFO Fiona Childe VP , Communications & Corporate Development Jared Saunders VP , Sustainability Rob Assabgui Study Manager PEA Authors:
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OUR HOME: NEWFOUNDLAND, CANADA TIER 1 JURISDICTION Newfoundland & Labrador consistently ranked Top 10 jurisdiction globally (Fraser Institute). GOVERNMENT SUPPORT New federal and provincial legislation demonstrates a commitment to tighten permitting timelines for well- planned, stakeholder-focused, and financially beneficial projects. SKILLED WORKFORCE Skilled workforce in a business- friendly jurisdiction. ACCESS TO INFRASTRUCTURE Trans-Canada highway, renewable power, Gander International airport, proximity to deep shipping ports. newfoundgold.ca TSX-V: NFG | NYSE-A: NFGC
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newfoundgold.ca TSX-V: NFG | NYSE-A: NFGC QUEENSWAY PEA OVERVIEW Initial MRE: • PEA uses the AFZ Core portion of the March 2025 initial MRE • Excellent conversion of mineral resource to PEA mine plan Growth Potential: • AFZ Core covers a 4.3 km extent of the near-surface portion of the 110 km strike extent of the mineralized system • 70,000 m drill program underway: continuing to drill high-grade targets outside the initial MRE • Strike, depth and camp potential Queensway is a district-scale land package: Over 175,000 hectares covering 110 km of strike along two major structures Phased approach to get to Cash Flow: • Small mine to large mine • At-surface high-grade core in several key zones provides early cash flow through on-island custom milling • Phase 1: 700 tpd high-grade open pit (“OP”) mine with custom mill • Phase 2: 7,000 tpd OP mine with on-site processing • Phase 3: addition of underground mine
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6 DEVELOPMENT STRATEGY newfoundgold.ca TSX-V: NFG | NYSE-A: NFGC Phase 1 (Years 1-4): Open Pit Mine with Off-Site Toll Milling • Queensway site prep and installation of infrastructure for a small OP mine. • High-grade material crushed and transported to an off-site toll mill, at a rate of 700 tpd starting in year 1 • Lower grade material stockpiled on-site for future processing • Phase 1 average annual gold production of 69.3 koz Au and AISC of US$1,282/oz (Year 1 to 4) Phase 2 (Years 5-15): Open Pit Mine with On-Site Processing Plant; In-Pit Tailings • Construction of on-site 7,000 tpd processing plant. Plant construction scheduled to start in year 3, with completion in year 4 • Phase 2 average annual production of 172 koz and AISC of US$1,090/oz during the first five years of operation (Year 5 to 9), average annual gold production of 129.0 koz and AISC of US$1,206/oz (Year 5 to 13) • Processing of the highest-grade material commencing in year 5 (planned total 9 years), followed by two years of low-grade stockpiles • Phase 1 stockpiles and UG high grade material in Phase 3 enable prioritizing higher grade mined material during the initial years of processing to optimize project economics. • Mining rate and sequence for the OP will allow for in-pit tailings deposition for the LOM Phase 3 (Years 6-10): Underground Mine Development and Operation • Development of UG mine is scheduled to start in year 5 • UG mine planned as a high-grade cut-and-fill operation (Year 6 to 10) • UG mine will consist of 5 ramp systems to access the stopes and mine mineralized material (traditional mechanized cut-and-fill); mineralized material hauled to surface using 20 tonne trucks All amounts in Canadian dollars unless stated otherwise.
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7 PEA HIGHLGHTS newfoundgold.ca TSX-V: NFG | NYSE-A: NFGC ECONOMICS COSTS PRODUCTION(2) C$743M After-Tax NPV5% @ US$2,500 C$155M Initial Capital Cost (Phase 1) ~69.3 Koz/yr Years 1-4 56.3% After-Tax IRR C$585M Growth Capital (Phases 2/3) ~172.2 Koz/yr Years 5-9 <2 Year After-Tax Payback US$1,256/oz LOM AISC(3) 1.5 Moz Over 15 Year Mine Life Significant leverage to the gold price: After-tax NPV5% (1) increases to $1.45B and IRR increases to 197% when gold price is raised to US$3,300/oz Au 1 After-tax NPV is a non-GAAP measure. 2 Denotes a “specified financial measure” within the meaning of National Instrument 52-112 – non-GAAP and Other Financial Measures Disclosure. See note on “Non-IFRS Financial Measures”. 3 All-in Sustaining Costs (AISC) are a non- GAAP measure. AISC is calculated as the sum of treatment and refining charges, royalties, onsite operating costs, sustaining capital costs, and closure costs, divided by the quantity of ounces sold. See additional notes on non-GAAP measures and AISC in the Appendix.
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newfoundgold.ca TSX-V: NFG | NYSE-A: NFGC INITIAL MRE CONVERSION Zone Category Tonnage Grade Contained Metal (Mt) (g/t Au) (Moz) Open Pit Indicated 17.3 2.25 1.25 Inferred 9.0 1.24 0.36 Underground Indicated 0.8 5.76 0.14 Inferred 1.7 4.44 0.25 Total Indicated 18.0 2.40 1.39 Inferred 10.7 1.77 0.61 Initial MRE Summary (Effective Date March 15, 2025) MRE Mine Plan Conversion (kt) (g/t Au) koz koz % Open Pit AFZ Core Indicated 16,189 2.34 1,220 1,120 92% Inferred 8,280 1.21 323 276 85% AFZ Peripheral Indicated 995 0.81 26 Inferred 474 1.57 24 JBP Indicated 83 1.50 4 Inferred 206 1.66 11 Underground AFZ Core Indicated 641 5.87 121 112 92% Inferred 1,417 4.59 209 117 56% AFZ Peripheral Indicated 100 5.29 17 Inferred 119 5.75 22 JBP Indicated 30 4.15 4 Inferred 214 2.76 19 Overall AFZ Core Conversion Indicated 1,341 1,232 92% Inferred 532 393 74% • MRE cutoff grades: 0.3 g/t for open pit and 1.65 g/t for UG based on US$2,200/oz • Only the AFZ Core was considered for the PEA. • No Mineral Reserves are defined for the Property. • See Appendix for additional information regarding the initial MRE. The overall conversion of Mineral Resources to the PEA mine plan was excellent, with 92% of the indicated and 74% of the inferred in the AFZ Core converted MRE Conversion to PEA Mine Plan The PEA is preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized.
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newfoundgold.ca TSX-V: NFG | NYSE-A: NFGC MINING METHODS Open Pit Mine • Conventional OP truck and shovel operation with 17 pits • The three main pits (Iceberg, Keats and Keats West) are sequenced early in the mine life and will subsequently serve as the in-pit tailings deposition facilities. • A total of 26.3 Mt of mineralized material will be mined from the pits at an average diluted gold grade of 1.65 g/t Au • Overall strip ratio of 6:1 • Optimization completed with a 5m x 5m x 5m block model Conventional open pit truck and shovel mining with complementary high-grade underground cut-and-fill Underground Mine • Five zones, accessible from five surface portals collared from the smaller open pits. • Primary mining method will be mechanized cut-and-fill mining • A 3 m x 3 m stope size was selected to minimize dilution while maximizing selectivity. • The backfill method will be a combination of rock fill and cemented rockfill. • A total of 1.1 Mt of mineralized material will be mined at an average diluted gold grade of 6.67 g/t Au over a 5-year period, with a nominal production rate of 700 tpd. • Initial capital development is planned for one year, followed by ongoing capital development over three additional years. • It is envisaged that capital development will be executed using contractors, while production mining will be accomplished by owner operators. • Owner-operated mining fleet, using smaller equipment (70 tonne-class haulage trucks and 10 m3 shovels) to minimize dilution and maximize selectivity. • The mining sequence and rate have been optimized to prioritize higher grades first by ensuring the highest grades for the 700 tpd phase 1 operation and moving into phase 2 at 7,000 tonnes per day and having an open pit available for in-pit tailings deposition starting in year 5.
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newfoundgold.ca TSX-V: NFG | NYSE-A: NFGC OPEN PIT MINING SCHEDULE - 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0 - 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 YR 1 YR 2 YR 3 YR 4 YR 5 YR 6 YR 7 YR 8 YR 9 YR 10 YR 11 YR 12 YR 13 Stripping Ratio – Waste to Mineralized Minerealized Material Mined (ktpa) ROM Waste Stripping Ratio - 1.00 2.00 3.00 4.00 5.00 6.00 7.00 8.00 9.00 - 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 YR 1 YR 2 YR 3 YR 4 YR 5 YR 6 YR 7 YR 8 YR 9 YR 10 YR 11 YR 12 YR 13 Grade g/t Au Mineralized Material Mined ktpa Open Pit Underground OP - Au Grade UG - Au Grade
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newfoundgold.ca TSX-V: NFG | NYSE-A: NFGC MATERIAL CLASSIFICATION - 50 100 150 200 250 YR 1 YR 2 YR 3 YR 4 YR 5 YR 6 YR 7 YR 8 YR 9 YR 10 YR 11 YR 12 YR 13 Annual Gold Production by Resource Classification (koz Au) Open Pit Inferred Open Pit Indicated Underground Indicated Underground Inferred • High Confidence Mineral Resources in the mine plan • Years 1-5: >80% of ounces in the indicated category • LOM: >75% of ounces in the mine plan are in indicated category • Infill drilling currently upgrading ounces to the inferred category
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newfoundgold.ca TSX-V: NFG | NYSE-A: NFGC PROCESSING AND RECOVERY Phase 1 – Toll Milling • 1.2 Mt in Years 1-5 at an average diluted grade of 9.64 g/t Au at an offsite location ~300 km from Queensway site; high-grade material will be crushed at site and processed at the toll mill. • CIP leach plant to be converted to CIL plant. • Gravity concentration circuit and additional leach tanks to be added to the toll mill flowsheet to reach 700 tpd, with estimated 92% recovery. Phase 2 – On-Site Processing and In-Pit Tailings Deposition • On-site 7,000 tpd processing plant to be constructed; mill will operate for 10.5 yrs (Year 5-10). Test Work • Two phases of metallurgical test work completed; third phase ongoing. Based on phases 1 and 2, the PEA assumes an 92% recovery, with 48% of the gold reporting to doré, and 44% of the gold reporting to concentrate. • Gold reporting to doré will be recovered by gravity concentration, as well as CIL of the flotation tailings. Sulphide concentrate will be produced from gravity concentration tailings. Grinding Crushing Gravity Intensive Leach Reactor Sulphide Flotation Carbon in Leach “CIL” Elution / Regeneration EW / Gold Room Concentrate Thickening / Filtration Cyanide Detox Gold Sulphide Concentrate for Sale Doré Tailings
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1 3 IN-PIT TAILINGS DEPOSITION newfoundgold.ca TSX-V: NFG | NYSE-A: NFGC Iceberg, Keats, Keats West scheduled for in-pit tailings deposition (Combined excavated rock volume of 30.6 Mm3) • Tailings discharged from high ground, ponds formed in middle area • Allows for centralized water management operations • Utilizes topography for beach slopes • At closure, the covered pits mimic pre-mining topography • A 50-meter-wide buffer around pits to define the in-pit tailings storage facility • Perimeter wells for pit dewatering and groundwater monitoring • Diversion ditches likely required to prevent surface water inflows
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newfoundgold.ca TSX-V: NFG | NYSE-A: NFGC PRODUCTION AND COST PROFILE Average Annual Gold Production LOM ~100 koz Years 1-4 69.3 koz Years 5-9 172.2 koz Average Daily Mining Rate Years 1-4 700 tpd Years 5-15 7,000 tpd Production Costs Cash Costs LOM US$1,085/oz AISC(1) LOM US$1,256/oz AISC(1) : Years 1-4 US$1,282/oz AISC(1) : Years 5-9 US$1,090/oz $- $200 $400 $600 $800 $1,000 $1,200 $1,400 $1,600 $1,800 $2,000 - 50 100 150 200 250 YR 1 YR 2 YR 3 YR 4 YR 5 YR 6 YR 7 YR 8 YR 9 YR 10 YR 11 YR 12 YR 13 YR 14 YR 15 AISC(1) US$/oz Au Annual Gold Production by Phase (koz) Phase 1 Phase 2 Phase 3 AISC(1) 1 All-in Sustaining Costs (AISC) are a non- GAAP measure. AISC is calculated as the sum of treatment and refining charges, royalties, onsite operating costs, sustaining capital costs, and closure costs, divided by the quantity of ounces sold. See additional notes in the Appendix.
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4 2 CAPITAL COST SUMMARY newfoundgold.ca TSX-V: NFG | NYSE-A: NFGC (C$ millions) Phase 1 Phase 2 Phase 3 Sustaining Capital Total Mining $47.7 - $104.2 $321.4 $473.3 Onsite Processing $220.5 - - $220.5 Onsite Infrastructure $15.7 $23.5 - $4.0 $43.2 Offsite Infrastructure $40.5 - - - $40.5 Indirects/Owner's Costs/EPCM $19.9 $109.8 $10.0 - $139.7 Contingency $31.0 $88.4 $28.5 - $147.9 Total(1) $154.8 $442.2 $142.7 $325.4 $1,065.1 Notes: 1 Denotes a “specified financial measure” within the meaning of National Instrument 52-112 – non-GAAP and Other Financial Measures Disclosure. See note on “Non-IFRS Financial Measures”.
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4 3 OPERATING COST SUMMARY newfoundgold.ca TSX-V: NFG | NYSE-A: NFGC Life of Mine Operating Cost(1)(2) Unit Value Mining (Open Pit) $M 906.6 Mining (Underground) $M 188.5 Third-Party Processing $M 57.5 Material Handling $M 86.2 Processing $M 549.5 G&A $M 188.7 Total $M 1,977.1 Concentrate transport charge $/wmt 120 Concentrate treatment charge US$/dmt 200 Penalties US$/dmt 10 TCRC's $M 262.4 Royalties $M 19.8 Total $M 282.2 Unit Operating Costs Unit Value Mining $/ t proc. 40.01 Processing $/ t proc. 25.33 G&A $/ t proc. 6.90 Total $/ t proc. 72.23 Operating Mining Costs $/t moved 4.91 Notes: 1 Denotes a “specified financial measure” within the meaning of National Instrument 52-112 – non-GAAP and Other Financial Measures Disclosure. See note on “Non-IFRS Financial Measures”. 2 Total operating costs refer to onsite charges that cover open pit mining, underground mining, third party processing and material handling, onsite processing, and onsite general and administrative costs.
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newfoundgold.ca TSX-V: NFG | NYSE-A: NFGC CASHFLOW $(600) $(200) $200 $600 $1,000 $1,400 $(150) $(100) $(50) $- $50 $100 $150 $200 $250 $300 $350 YR 1 YR 2 YR 3 YR 4 YR 5 YR 6 YR 7 YR 8 YR 9 YR 10 YR 11 YR 12 YR 13 YR 14 YR 15 YR 16 Cumulative After-tax Cash Flow (C$M) Annual After-tax Cash Flow (C$M) Annual Cumulative After-tax Cash Flow - Base Case US$2,500/oz Au After-tax Cash Flow - Upside Case US$3,300/oz Au $(500) $- $500 $1,000 $1,500 $2,000 $2,500 $(100) $- $100 $200 $300 $400 $500 YR 1 YR 2 YR 3 YR 4 YR 5 YR 6 YR 7 YR 8 YR 9 YR 10 YR 11 YR 12 YR 13 YR 14 YR 15 YR 16 Cumulative After-tax Cash Flow (C$M) Annual After-Tax Cash Flow (C$ M) Annual Cumulative CapEx by Category C$ millions Initial Capital (Phase 1 Toll Mill) $154.8 Growth Capital (QWY Process Plant) $442.2 Growth Capital (UG Mine) $142.7
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newfoundgold.ca TSX-V: NFG | NYSE-A: NFGC LEVERAGE TO GOLD PRICE Queensway Offers High Leverage to Gold Price Pure Gold Project 100% of Revenue from Gold $89MM increase in NPV5% for each US$100 increase in gold price
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newfoundgold.ca TSX-V: NFG | NYSE-A: NFGC POTENTIAL DEVELOPMENT SCHEDULE Engineering • Ongoing metallurgical testing programs • Geo-metallurgical modelling of the refractory gold distribution • Geotechnical and condemnation drilling and evaluation • Phase 1 tradeoff studies and detail engineering Environmental • Complete the baseline studies • Preparation of project description and submission of EA application • Continued engagement with communities and government Studies and data collection programs to support the development schedule include: Geology • Infill drilling to upgrade and add to the initial MRE • Definition drilling of the high-grade zones • Regional exploration focused on the next major deposit • At-surface high-grade excavation and channel sampling
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newfoundgold.ca TSX-V: NFG | NYSE-A: NFGC SUMMARY Rapid Startup via a Phased Approach Focus on the path to cashflow Low initial capital investment with <2 year payback First production planned for 2027 (pending regulatory approval) Cashflow from 700 tpd operation to fund 7,000 tpd operation Compelling Economics and Production Profile >170 kozpa production at an AISC of US$1,090 (Years 5-9) Excellent capital efficiency: NPV to initial capital ratio of 4.8 Optimization studies underway The Right Location Supportive permitting jurisdiction Strong social licence and skilled workforce Superior access and infrastructure Mineral Resource and Growth High quality mine plan (>75% indicated) High conversion of Mineral Resources into mine plan Strike, depth and camp potential
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newfoundgold.ca TSX-V: NFG | NYSE-A: NFGC QUESTIONS?
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Corporate Address: 1055 West Georgia Street Suite 2129 Vancouver, British Columbia V6E 3P3 https://www.linkedin.com/company/ne wfound-gold-corp contact@newfoundgold.ca Fiona Childe | Ph.D., P.G e o. VP , Communications & Corporate Development newfoundgold.ca TSX-V: NFG | NYSE-A: NFGC +1-416-910-4653 CONTACT US
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Appendix newfoundgold.ca TSX-V: NFG | NYSE-A: NFGC
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DIRECTORS & SENIOR LEADERSHIP Keith Boyle Chief Executive Officer & Director Melissa Render President & Director Paul Huet Chairman William Hayden Lead Director* Chad Williams Director* Vijay Mehta Director* Michael Kanevsky Chief Financial Officer Jared Saunders VP , Sustainability Rob Assabgui Study Manager Fiona Childe VP , Communications & Corporate Development For bios and to learn more about our leadership team, visit newfoundgold.ca newfoundgold.ca TSX-V: NFG | NYSE-A: NFGC Board of Directors Senior Leadership Keith Boyle Chief Executive Officer & Director Melissa Render President & Director *Independent Director
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Analyst Coverage CAPITAL STRUCTURE newfoundgold.ca TSX-V: NFG | NYSE-A: NFGC Andrew Mikitchook, P.Eng., CFA Director, Equity Research, Mining Don MacLean Sr. Analyst Mike Niehuser, MD Sr. Research Analyst Rabi Nizami, P. Geo. Equity Research Analyst Brandon Gaspar Head of Research, North America Shares – Basic (June 30, 2025) 229.7M Options (June 30, 2025) 8.0M Shares – F.D. (June 30, 2025) 237.7M Share Price (June 30, 2025) C$1.95 Market Cap (June 30, 2025) C$429M Average daily volume ~2.0M Cash and marketable securities (March 31, 2025) $12M Capital Structure (June 12, 2025) Continued Support with Lead Orders by Eric Sprott: • May 27, 2025: $20M Private Placement announced1 • June 12, 2025: Bought Deal Financing and Over-Allotment Closed for Gross Proceeds of ~63.5M Capital Structure (Estimate following closing of Private Placement)1 1. The Private Placement is subject to the Company receiving all necessary approvals, including shareholder approval and the approval of the TSX Venture Exchange and authorization of the NYSE American LLC, see the New Found Gold News release dated May 27, 2025 for additional information. 19% 19% 48% 14% Eric Sprott Palisades Gold Retail and ManagementInstitutions 23% 19% 44% 14%
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newfoundgold.ca TSX-V: NFG | NYSE-A: NFGC KEY PARAMETERS BY YEAR
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newfoundgold.ca TSX-V: NFG | NYSE-A: NFGC NON-GAAP MEASURES AND AISC Non-GAAP Financial Measures The Company has included certain non-GAAP financial measures in this news release. These financial measures are not defined under IFRS and should not be considered in isolation. The Company believes that these financial measures, together with financial measures determined in accordance with IFRS, provide investors with an improved ability to evaluate the underlying performance of the Company. The inclusion of these financial measures is meant to provide additional information and should not be used as a substitute for performance measures prepared in accordance with IFRS. These financial measures are not necessarily standard and therefore may not be comparable to other issuers. All-in Sustaining Cost All in sustaining cost is a non-GAAP financial measure calculated based on guidance published by the World Gold Council (“WGC”). The WGC is a market development organization for the gold industry and is an association whose membership comprises leading gold mining companies. Although the WGC is not a mining industry regulatory organization, it worked closely with its member companies to develop these metrics. Adoption of the all-in sustaining cost metric is voluntary and not necessarily standard, and therefore, this measure presented by the Company may not be comparable to similar measures presented by other issuers. The Company believes that the all-in sustaining cost measure complements existing measures and ratios reported by the Company.
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newfoundgold.ca TSX-V: NFG | NYSE-A: NFGC INITIAL MRE Notes 1. CIM (2014) definitions were followed for Mineral Resources. 2. Mineral Resources are estimated using a long-term gold price of US$2,200 per ounce, and a US$/C$ exchange rate of US$1.00 = C$1.43. 3. Open pit Mineral Resources are estimated at a cut-off grade of 0.3 g/t Au and constrained by a preliminary optimized pit shell with a pit slope angle of 45°, and bench height of 5 m. 4. RPEEE (as defined in the Company’s March 24, 2025 news release) for underground Mineral Resources was demonstrated by constraining within reporting panels generated at a cut-off grade of 1.65 g/t Au, with heights (H) of 10 m, lengths (L) of 5 m and minimum widths of 1.8 m. 5. The optimized pit shell, underground reporting shapes, and cut-off grades were generated by assuming metallurgical recovery of 90%, standard treatment and refining charges, mining costs of C$5.0/t moved for open pit and C$120/t processed for underground, processing costs of C$20/t processed, and general and administrative costs of C$7.5/t processed. 6. Bulk density within the vein and halo mineralization domains is 2.7 t/m³. 7. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. 8. Numbers may not add due to rounding. 9. See the New Found Gold news release dated March 24, 2025 for additional information.