New Found Gold Corp · TSX:NFGC
New Found Gold — Investor Presentation (October 2026)
60 slides from New Found Gold's investor presentation, October 2026
Slide 1: Canada's Newest Gold Producer
TSX/ NYSE-A: “N NEWFOUNDGOLD CANADA’S NEWEST GOLD PRODUCER Corporate Presentation —- October 2026
Slide 2: Disclaimer
DISCLAIMER a NEWFOUNDGOLD ‘This presentation, and tho information contained herein, has boon provided to you by Now Found Gold Corp. (*New Found Gold”, “NEGC" or the “Company") golely for information purposos. While the information contained inthis presentation is believed o be accurete, New Found G
Slide 3: Why New Found Gold
WHY NEW FOUND GOLD NEWFOUNDGOLD (W) GROWING GOLD PRODUCER | L #& EP FULLY FUNDED TO PRODUCTION ae oh TOP MINING JURISDICTION | _L a pg NEWFOUNDLAND AND LABRADOR, CANADA @ rem coms) fo - ( 4 hi HAMMERDOWN GOLD MINE @)) (ER PROLIFIC PROPERTY PACKAGE | > a i 4 \<(@) GENERATIONAL POTENTIAL ote rand Fall
Slide 4: Key Assets
KEY ASSETS ee { STOG’ER TIGHT (i) (® New Found Gold Projects PINE COVE MILL A © Deposit Permitted mill and tailings facility Baie Verte © mill . Airport Hub and Spokes Mine Plan: — Trans-Canada Highway = Currently processing 700 tpd from Hammerdown - . ee Highway HAMMERDOWN GOLD MINE = Circuit conve
Slide 5: Production Profile and Cashflow
PRODUCTION PROFILE AND CASHFLOW i NEWFOUNDGOLD EO The Path to ~200,000 Ounce Annual Gold Production with Strong Cashflow AISC: Queensway: US$1,375/0z Hammerdown: US$2,429/0z a0 Combined: US$1,469/0z $5000 = 2 g ee ~194 Kozi/yr $2,500 ¢ 8 200 $2,000 § zy ~129 Koz/yr £ S <= = 150 $1,500 g £ Es & 5 3 1
Slide 6: Funded to Production
ay FUNDED TO PRODUCTION NEWFOUNDGOLD Funded to Advance Queensway with Existing Debt Facility, Cash Position & Hammerdown Cashflows'? Funding Position (C$ million) Sources | Uses $61 $290 ($150) — $35 $17 f ' S| ammerdown | t ' $177 Lay | FCF Q4 2026 / | ' i i 2027 i ' ' ($27) eee eee 4 H Saar - gee
Slide 7: Pathway to Value Creation
PATHWAY TO VALUE CREATION i — Initial MRE i & Scoping a The time to buy... v Fully financed to build Queensway Phase 1 v Development & production milestones achieved v Well-positioned for production in a strong gold price environment Y Queensway exploration drilling ¥ Queensway Phase 1 (2020-2024) >
Slide 8: Capital Structure
CAPITAL STRUCTURE etic nn eed i) KEY SHAREHOLDERS® d\\ CAPITALIZATION" Shares - Basic 385.9M ERIC SPROTT Options, RSUs & DSUs 10.2M 19% _| Warrants? 14.9M LIB RA Shares -F.D. 410.9M SaaPe Share Price $2.45 ; Market Cap $945M EDGEPOINT 52 Week High/Low $4.89/$1.88 £9 Garth Resource _ Average Daily Vo
Slide 9: Directors & Senior Leadership
DIRECTORS & SENIOR LEADERSHIP New Found Gold has a new board and management team with as successful mine development and operation ay Paul Andre Huet Chair Chad Williams" ay Keith Boyle CEO Dr. Fiona Childe VP Communications & Corporate Development 11 Independent, 2 Lead Director Tamara Brown’? Alle
Slide 10: Queensway Revised PEA Highlights
QUEENSWAY REVISED PEA HIGHLIGHTS ee, ee $1.7B/$2.2B N PV 504) (After-tax; base/upside) 2025 PEA Key Revisions: 38% increase in M&l mineral resource to 1.92 Moz Added Dropkick Zone to MRE/mine plan Phase 1 with gravity-CIL at 100% owned Pine Cove Mill 126% / 164% Initial mining with a contractor, tra
Slide 11: Queensway Revised PEA
QUEENSWAY REVISED PEA With stronger economics and an expanded resource base, Queensway is fully funded to become Canada’s next mid-tier gold producer RO} Ave. Annual AISC Ave. Annual Cash Cost US$1,375/o0z US$985/oz ay Total Production (15 year mine life) Ave. Annual Production (LOM / 2031-2035) 1.7
Slide 12: Queensway Development Strategy
QUEENSWAY DEVELOPMENT STRATEGY ee cere Three-phase, self-funded development strategy: — Ooo — Oo! cee | 2027 - 2030 2031 - 2032 2031 - 2032 + Milling of OP mineralized material + OP and UG mineralized material * Queensway Mill Gravity- Flotation circuit expanded (5,000 tpd) to more rapidly process s
Slide 13: Queensway Development
QUEENSWAY DEVELOPMENT en Queensway Life of Mine Plan 2028-2030: 2031-2035: $150M unlocks 200 Ave. Production 104 koz/yr Ave, Production169 koz/yr 2,000 average annual 180 1,800 production of = 160 1,600 169 koz Au 2 1a 1,400 by 2031 8 120 1200 2 J Phase1 : an 1000 initial capital g ao secured cd aid
Slide 14: Queensway Development Schedule
QUEENSWAY DEVELOPMENT SCHEDULE ae Qi 2 BH LB HS tLe GEOLOGY ENGINEERING ENVIRONMENTAL 2026 drill program underway Phase | EPCM underway Provincial EA process underway Focus on de-risking, discovery and Site development and detailed EPRto be submitted Q4/26 growth offsite mill engineering underway
Slide 15: Queensway Leverage to Gold Price
QUEENSWAY LEVERAGE TO GOLD PRICE Queensway PEA: After-Tax Economics High Leverage to Gold Price Y 100% of revenue from gold v¥ $100 M increase in NPV xo, for each US$100 increase in gold price Cautionary note: Pictures of se lected core with free gold are not intended to be repre 3,000 2,500 87 2,00
Slide 16: Creating Value Through Exploration
A _ Creating Value Through Exploration’ EWES CBRE LD WN Queensway Key Exploration Milestones & Expenditures \ —_—_—_————S __ Discovery to 2023 2024 Drilling 2025 Drilling? 2026 Drill Program* 2026 Target Overview * Delineation along AFZ, * Resource-definition | * +74,000m (614 DDH) * Program underwa
Slide 17: Hammerdown Growth Potential
ay \ HAMMERDOWN GROWTH POTENTIAL NEWFOUNDGOLD eee (A) DEER cove } — Trans-Canada Highway (A) STOG’ER TIGHT =o (@) pine cove |" Baie Verte, i —el ws 1 ay PINE COVE ©! MING MINE % FireFly ) AN oven” |e co 8 a | it ot Oy (() NUGGET POND HGP }~ J aed @ seo 2 WHISKER VALLEY (J) { HAMMERDOWN fj) a er Rock
Slide 18: Building a Mid-Tier Gold Producer
BUILDING A MID-TIER GOLD PRODUCER NEWFOUNDGOLD 0) Fully funded to complete development & construction at both Queensway and Hammerdown Q1/2s 93/25 Q1/26 02/26 04/26 H2/26E 4/27E 2028E = Initial MRE PEA EPCM underway || Phase 1 production MRE/PEA Phase 1 EPR Phase 1 first ore to || Phase 1 commercial
Slide 19: Key Reasons to Invest
ay KEY REASONS TO INVEST NEWFOUNDGOLD FULLY FUNDED TO PRODUCTION NEWFOUNDLAND AND LABRADOR, CANADA BOTTOM Br EASTON CURVE GEAERATIONRL POTENTIAL EXPERIENCED TEAM <
Slide 20: Contact
NEWFOUNDGOLD CONTACT Fiona Childe | Ph.D., P.Geo. VP, Communications & Corporate Development @) +1-416-775-2700 ( [email protected] in) https://www.linkedin.com/company /newfound-gold-corp ay NEWFOUNDGOLD
Slide 21: Appendix
APPENDIX
Slide 22: Location - North American Overview
Location - North American Overview Nea 1,000 2,000 km Located in Newfoundland and Labrador, Canada POWERED BY #*VRIFY Legend +k New Found Gold Projects © Cities [_) Borders
Slide 23: Location - Newfoundland Overview
Location - Newfoundland Overview ‘The Queensway Project, Hammerdown Operation and Pine cove Operation ate located in Central Newfoundland, in areas of excellent access and infrastructure. "wu Km LAA POWERED BY *VRII Sou Fn 0 estar Eh ToNTOn GaN FAD NOBE SOS. RCN Pale Carats anhsey Geogetioe ‘Paty #0
Slide 24: Neighbouring Projects
Neighbouring Projects Legend TB cvecnamay ota reotect GS Raccaveopentions OS TD Equinox Property (2) Gomera Property, TT) canstar Property () Aumega Property Benton Resources Gotaen Riage Property YD) Fiery metate Property > Cities — ‘Trans-Canada Highway KB 50 100 km ibe Oey cube USDA FSAUEGS, HE,
Slide 25: Queensway Land Package and Structures
f~ JBP Fault © 2 Queensway: large land package that covers a 110 km strike extent along two two major structures controlling gold mineralization. Located along the Trans Canada highway, 15km west of the town of Gander. POWERED BY #*VRIFY
Slide 26: Queensway Updated MRE
Queensway Updated MRE (AFZ Core, AFZ Peripheral and JBP) Updated E Tonnage Gold Content (et) (koz Au) AFZ Peripheral Appleton Fault % Diference Contained Gott Contained Goes (ter a JBP Fault AFZ Core POIVERED BY VRIFY
Slide 27: AFZ Core Mineral Resource
_ AFZ Core Mineral 4 eae fim es cK Roe Se "— AFZ Core | pare val POWERED BY 3¢VRIFY %
Slide 28: Block Model Grade
= Ta = ge 7 Se Block Model Grade Au g/t; ~~ > fo < >. = 2 Sees
Slide 29: Minable Resource Block Model
Minable Resource block model showing indicated and inferred minable resources at and above 3.0 g/t Au Sy, LE
Slide 30: Keats & Iceberg Excavations on MRE Block Model
‘ : ‘ : ‘ be : ~ ~ . >), Keats & Iceberg excavations overlain on MRE block model. Keats excavation mapped & sampled in 2024; Iceberg Ke e . @ ,% ee = excavation mapped & sampled in 2025. P & ~ 3 - + *, y fs a ae ere BY ey . : , « ® a)
Slide 31: Iceberg Grade Control Drill Results
NFGC-25-GC-106 31.6 g/t Au over 18.65 m IB-25-01-16 23.9 g/t Au over 15.12 m IB-25-01-18 NFGC-25-GC-082: 113.0 g/t Au over 2.99 m 43.2 g/t Au over 19.85 m. IB-25-01-40: si NFGC-25-GC-072 47.4 git Au over 7.36 m 44.4 g/t Au over 21.55 m 1B-25-01-10: y : NFGC-25-GC-061 64.8 g/t Au over 6.71m : 35.4 g/
Slide 32: Keats Excavation Grade Control Drilling
POWERED BY #*VRIFY Assay - Au git Bos-10 B 10-20 e 30-100 B00 Keats Excavation Grade Control Drilling NFGC-25-GC-007 104.76 g/t Au over 10.20 m NFGC-25-GC-006 35.31 g/t Au over 12.85 m NFGC-25-GC-009 159.92 g/t Au over 10.30 m NFGC-25-GC-011 38.28 g/t Au over 3.40 m NFGC-25-GC-008 9.29 g/t Au over 1
Slide 33: Queensway Phase 1 Open Pits at AFZ Core
Queensway Phase 1 Open Pits at AFZ Core Legend ‘s, Jackpot Pit is (0) waste Rock Storage Facility > a (1) Mineralized stockpile -_Overburden Storage Facility 0) explosive storage Sedimentation Ponds ; (0) sound Berm “a OD industria terrace en BD open pits w= Haul Roads Iceberg Pit ‘Access Road Trans
Slide 34: Queensway Phase 2-3 Open Pits at AFZ Core
Queensway Phase 2-3 Open Pits at AFZ Core Legend ra |B Weste rock storage Facilty D) mineralized stockpile __Overburden Storage Facility f 1) expiosive storage i} 1 1 . . ¥ | . 1 . it 1 1 1 i ’ ‘=== Powerline (Proposed) ; . Powerline (Existing) %5 . . o ‘Access Road 3 Re 1 Site Infrastructure and Op
Slide 35: Underground Development
LUndaiground Development Bene Bowe PEA Underground Infrastructure and Stope Design POWERED BY #*VRIFY Keats South i Fas Keats UG Infrastructure & Stopes Jackpot
Slide 36: Queensway Depth Potential
ot (250m 500m 1000m Queensway Depth Potential POWERED BY #*VRIFY Depth Potential 0 ghAsour bea al ro even sz0mtaunetsane vata 2aryaar saa Wanativon adniaria\ cet, \ PENS \ roan oer Seen \ Block Model Grade Au git
Slide 37: AFZ Core to AFZ Peripheral MRE Block Model
Ce aa AFZ Peripheral AFZ Core to AFZ Peripheral areas with MRE Block Model and PEA Pit Shelis ayn
Slide 38: Strike Potential Realized: Dropkick
Strike Potential Realized: Dropkick =r Dropkick: new high-grade results received post MRE cut-off date, located 11km from AFZ Core area Fs 7 . POWERED BY f ¢VRIFY ( F)
Slide 39: Dropkick Drill Results
POWERED BY #*VRIFY Dropkick Drill Results NFGC-25-2624. 1.25 gjt Au over 10.60 m NFGC-25-2403. 4.54 g/t Au / 19.00m NFGC-25-2408 NFGC-25-2390. 4.55 g/t Au / 28.55m 20.9 gft Au /11.10m NFGC-25-2329 NFGC-25-2394- 8.64 g/t Au / 5.65m 8.31 g/t Au/18.20m NFGC-25-2317 29.2.g/t Au/9.25m NFGC-25-2686; 24.8
Slide 40: Midway Pit and Dropkick Pit
Midway Pit =e Block Model Grade Au g/t: ~ ae Som ~ Dropkick Pit
Slide 41: Dropkick Underground Development
Underground Development @ Development @ Stopes Dropkick Underground Infrastructure POWERED BY #*VRIFY Queensway AFZ Peripheral (Dropkick) UG Infrastructure & Stopes Dropkick
Slide 42: Rehabilitation Phase
Slide 43: MRE Within Less Than 5% of Strike Extent
The initial MRE sits within a less than 5% portion of the 110 km long strike extent of the two major structures controlling gold mineralization, where numerous additional gold targets have been identified. — 7 POWERED BY #*VRIFY
Slide 44: AFZ Peripheral
= AFZ Peripheval Ie
Slide 45: Devils Pond South
Devils Pond South #@ — © Devils Pond Pauls Pond Trend 4 3
Slide 46: Queensway 2025 PEA vs Revised PEA
QUEENSWAY 2025 PEA VS REVISED PEA Asin la 1025 PEA Revised PEA What’s the Same What’s Different | Phase | 700 tpd Processing 700 tpd Queensway to Pine Offsite Processing * 700 tpd Nugget Pond retrofit vs 1,400 tpd Pine Cove offsite (Convert Cove (plus converting of existing retrofit and expansion. N
Slide 47: Queensway Revised PEA
QUEENSWAY REVISED PEA years "7 Minetfe SY years 15 Mt 28.3 wt 2.09 Mill recoveries (Avg) % 91.5 iDoré Payable % 99.949 % 37.0 % 97.813 Moz Au 1.706 Us$/oz 3,600 $/t milled 29.77 $i milled 171.91 Milling Cost $/t milled 26.78 0: ite Crushing Cost $/t milled 1.75 igs Storage Facility (“TSF” $/t milled
Slide 48: Queensway Revised PEA Project Economics
QUEENSWAY REVISED PEA Project Economics 7 | Selling Cost Estimate $M 53.9 Effective Royalty Rate % 0.42 om 268 otal Operating Cost Estimate $M 2,245.6 otal Sustaining Capital Cost Estimate $M 970.8 otal Growth Capital Cost Estimate $M 832.1 Initial Capital Cost Estimate $M 149.8 $m 1,700.0 ft ‘ax In
Slide 49: Queensway Mining Schedule & Grade
~ QUEENSWAY MINING SCHEDULE & GRADE geweol®scous 200 LOM Avg. Feed Grade: 16.0 180 2.09 g/t Au q40 OU Phase 1 12.0 140 Avg. Feed Gre 13.41 g/t Au S = 120 10.0 ¢ & & = 100 80 § g os EB 80 60 § 60 “ 4.0 40 20 20 2027 2028 2029 2030} 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 mmPhase 1 mPha
Slide 50: Queensway Production & Cash Flow
QUEENSWAY PRODUCTION & CASH FLOW Gold Production (koz) 300 250 200 150 100 50 -50 Phase 1 After Tax Cash Flow: $836 M 2027 2028 2029 2030 mm Phase 1 LOM After Tax Cash Flow: $2.551 B 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 mPhase 2 mm Phase 3 ~® Cumulative After-Tax FCF (base case) 3,
Slide 51: Queensway Production by MRE Category
Gold Production (koz) QUEENSWAY PRODUCTION BY MRE CATEGORY sewro cou 2031 2032 2033 2034 S a 2029 2030 ™ Measured @ Indicated 2035 Inferred 2036 2037 2038 2039 2040 MRE Conversion to Mine Plan 82% / 56% Overall inclusion rate (M&l / Inferred) 82% / 18% Mine plan ounces (M&l / Inferred) 97% Phase | o
Slide 52: Production and Cost Profile
\ \\ \\ s _ PRODUCTION AND COST PROFILE 200 180 Gold Production (koz) eB ooBP Be 2 @»@ S&S BR RF & 8 8 8 8 6 8 ~~ é x 8 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 mmPhase1 mmPhase2 m=Phase3 —AISC Cash Cost and AISC are IFRS measures; see additional notes on non-IFRS m
Slide 53: Queensway Capital Cost Summary
QUEENSWAY CAPITAL COST SUMMARY er ae (C$ millions) Phase 1 Phase 2 Phase3 Sustaining Capital Mining 0.0 130.3 80.6 815.6 Offsite Processing 75.0 0.0 0.0 0.0 Onsite Processing | 0.0 194.7 50.6 0.0 Onsite Infrastructure 15.6 56.9 0.0 L 111.0 Offsite Infrastructure 4.8 a7 0.0 0.0 Indirects/Owner's Cost
Slide 54: Queensway Operating Cost Summary
QUEENSWAY OPERATING COST SUMMARY Life of Mine Operating Cost) Mining (Open Pit) Mini lerground) Off-Site Milling On-Site Milling Material Handling $M G&A $M Total Doré transport and refining charges | Concentrate transport charge | Concentrate treatment and refining charges Penalties Royalties NSR T
Slide 55: Queensway Updated MRE
QUEENSWAY UPDATED MRE Queensway Updated MRE (AFZ Core, AFZ Peripheral and JBP) Notes Category Tonnage Grade Gold Content Mineral resources completed by Christian Beaulieu, P.Geo., of Mineralis Consulting (kt) (g/t Au) (koz Au) Services inc., an independent qualified person as defined by NI 43-101 Op
Slide 56: Queensway Updated MRE: Grade Control
/ QUEENSWAY UPDATED MRE: GRADE CONTROL > Keats and Iceberg grade control drilling generally confirmed the continuity and grade of the Initial MRE high- grade core » Grade control drilling confirmed the overall tonnage, grade and ounces in a similar volume to the Initial MRE. The capping values used
Slide 57: Queensway Global OP & UG MRE
QUEENSWAY GLOBAL OP & UG MRE BY AREAS AND MAJOR CONTRIBUTORS Area Category Mary Grade Contained Au Tonnage Grade Contained Au Tonnage Grade Contained Au (xt) (git Au) (koz Au) (kt) (wt Au) (koz Au) (kt) (gt Au) (koz Au) Measured 168 5.67 31 oO - oy 168 5.67 31 reer Indicated 6,161 2.01 397 150 5.35
Slide 58: Hammerdown Mineral Resource Estimate
Deposit _| Mining Method Category aaah Measured 2” 8.24 72 Indicated 1,823 1.96 415 Hammerdown'| OpenPit _| Total Measured & 004 eA) ie Indicated Inferred 973 2.59 81 HAMMERDOWN MINERAL RESOURCE ESTIMATE Hammerdown Deposit Updated MRE (effective date January 22, 2026). Hommerdonn MRE Notes: 10. 1” T
Slide 59: Outstanding Warrant Summary
ay OUTSTANDING WARRANT SUMMARY NEWFOUND SOLD Expiry Date Number of Underlying Shares Exercise Price (CAD $) | Proceeds (CAD$M) 2027-04-09 9,403,636 $1.6000 | $15,045,818 2027-04-09 150,000 $1.0000 | $150,000 2027-07-17 363,233 $1.5067 | $547,271 2027-09-11 2,488,030 $0.6667 | $1,658,687 2029-05-15 2
Slide 60: Non-GAAP Financial Measures
- NON-GAAP FINANCIAL MEASURES nae Non-GAAP Financial Measures The Company has included certain non-GAAP financial measures in this presentation, including AISC, cash cost, cash operating cost, cash flow and average realized gold price. These financial measures are not defined under International Fin
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