New Found Gold (NFG) 38th Annual Roth Conference summary

Strategic vision and management changes

• New management team with a focus on mine building and operational turnaround was brought in, shifting the company from an exploration focus to a production-driven strategy.

• Acquisition of Maritime Resources provided access to a mill and the Hammerdown deposit, accelerating production timelines and enabling earlier cash flow.

• The leadership aims to use cash flow from initial operations to fund further expansion and ongoing exploration.

• The management team is leveraging their experience to optimize both surface and underground mining opportunities.

Project development and resource potential

• The Queensway Project covers a 110 km strike length with two main fault zones, offering significant exploration upside and underexplored areas.

• High-grade gold is present at surface, with consistent mineralization confirmed through tight drilling patterns, supporting robust early mine grades.

• The Dropkick discovery on the JBP fault zone revealed spectacular grades, expected to enhance the long-term production profile.

• Multiple deposits along the fault zones suggest district-scale, generational mining potential.

Phased production and financial strategy

• Phase 1 involves a small-scale, high-grade mine (700 tpd), with ore processed at an acquired offsite mill, enabling production by end of 2027.

• Hammerdown mine will provide early cash flow, supporting debt repayment and funding for Queensway’s development.

• A $75 million (CAD 100 million) debt facility is being finalized to accelerate project development.

• Phase 2 will see construction of a new mill at Queensway, funded by cash flow from Phase 1.