New Found Gold (NFG) investor relations material

Project updates and strategic developments

• New Found Gold is advancing the Queensway Gold Project with a phased approach, targeting 172,000 oz/year at under $1,100/oz, and recently acquired Maritime Resources to add immediate production and cash flow.

• Power Metallic Mines is fully funded with over CAD 40 million, focusing on the high-grade Lion Zone discovery in Quebec, and expanding its land package to 331 sq km, with significant backing from major mining investors.

• Abitibi Metals is advancing the B26 Project in Quebec, with 18.5 million tons at 2.2% copper equivalent, a strong team, and ongoing drilling to expand resources and demonstrate economic mining potential.

• Red Pine Exploration is transitioning from exploration to production at its Wawa-area gold project, aiming for small-scale open-pit production by late 2026 to generate revenue for further expansion.

Financials, ownership, and funding

• New Found Gold maintains a strong treasury of CAD 71 million, completed significant financings in 2023, and has institutional support with major shareholders like Eric Sprott and Dundee Corporation.

• Power Metallic Mines' largest shareholders include Robert Friedland, the CEO's family, and other strategic investors, with 52% insider ownership and a unique Quebec tax structure supporting funding.

• Abitibi Metals is well-financed through 2027 with $13 million in the bank, 27% owned by the Deluce family, and additional institutional and strategic investors.

• Red Pine Exploration has CAD 8.5 million in the bank, with Alamos and Merk each holding 10% stakes, and is supported by several funds and research coverage.

Exploration, resource growth, and operational highlights

• New Found Gold's property package now covers over 2% of Newfoundland, with significant exploration upside and recent high-grade results at Iceberg, Lotto, and Dropkick.

• Power Metallic Mines is aggressively drilling, with five rigs active and a met study expected in January; the Lion Zone is believed to have 8–13 million tons at 5–7% copper equivalent.

• Abitibi Metals' Phase 3 drill program is expanding high-grade zones and resource tonnage, with regional exploration planned and a focus on systematic discovery in a VMS-rich environment.

• Red Pine Exploration is leveraging existing infrastructure and permits for rapid production, with a 1.7 million oz resource and plans to use small open pits to fund further drilling and expansion.