New Found Gold (NFG) Corporate presentation summary

Strategic positioning and leadership

• Positioned as an emerging mid-tier gold producer with a focus on fast-tracking the Queensway project in Newfoundland and Labrador, Canada.

• Led by an experienced board and management team with a track record in mine development and operations.

• Fully funded to advance both Queensway and Hammerdown projects to production, supported by a $220M finance package.

• Operates in a top mining jurisdiction with strong infrastructure and government support.

Financial strength and capital structure

• Market capitalization of $914M with a share price of $2.37 and 411.2M fully diluted shares as of August 2026.

• Cash and marketable securities total $194M, with an additional $35M credit facility available.

• Key shareholders include Eric Sprott (19%), Heartland Advisors, and EdgePoint.

• Outstanding warrants could provide up to $26M in additional proceeds.

Project portfolio and development timeline

• Queensway Gold Project: High-grade, low-cost phased development with initial capital of $155M and average annual production of 69.3koz Au in Phase 1, ramping to 172koz Au in Phase 2.

• Hammerdown Gold Project: Three deposits with a 13-year mine life, total production of 251koz Au, and after-tax NPV5% of C$199M at a base gold price of US$3,656/oz.

• Pine Cove Mill: Permitted facility processing 700 tpd, expanding to 1,400 tpd by late 2027 to accommodate Queensway feed.

• Fully funded to complete development and construction at both projects, with first ore to mill at Queensway expected in Q4 2027.