Business
Exploits Completes Sale of Newfoundland Claims to New Found Gold
New Strategic Focus on Growing 680,000 ounces of Historical Gold Resources in Québec and OntarioToronto, Ontario--(Newsfile Corp. - December 5, 2025) - Exploits Discovery Corp. (CSE: NFLD) (OTCQB: NFLDF) (FSE: 634) ("Exploits" or the "Company") is pleased to announce that it has closed the sale of a 100% interest in substantially all of its mineral claims (the "Claims") in central Newfoundland to New Found Gold Corp. ("NFG"). This sale was originally announced on September 8, 2025."We have...
About this update from New Found Gold Corp
[{"type":"text","content":"New Strategic Focus on Growing 680,000 ounces of Historical Gold Resources in Québec and Ontario","length":96,"tagName":"p","attribs":{"class":"nfSubHeading"},"className":""},{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - December 5, 2025) - Exploits Discovery Corp. (CSE: NFLD) (OTCQB: NFLDF) (FSE: 634) ("Exploits" or the "Company") is pleased to announce that it has closed the sale of a 100% interest in substantially all of its mineral claims (the "Claims") in central Newfoundland to New Found Gold Corp. ("NFG"). This sale was originally announced on September 8, 2025.","length":430,"tagName":"p"},{"type":"text","content":""We have transformed our Newfoundland land position into a strategic stake in New Found Gold that, based on recent share prices, represents roughly $11 million of value for our shareholders while maintaining meaningful long-term upside through both equity and a royalty," said Jeff Swinoga, President and CEO. "At the same time, we have also repositioned Exploits as a gold growth company anchored by approximately 680,000 ounces of historical gold resources in Québec and Ontario."","length":502,"tagName":"p"},{"type":"text","content":"Swinoga added, "With a focused portfolio, a strong technical team, and a clear plan to grow those historical ounces, we believe Exploits offers excellent leverage to exploration success. We anticipate a steady cadence of news flow as we advance these projects."","length":271,"tagName":"p"},{"type":"text","content":"Transaction ConsiderationAs consideration for the Claims, Exploits:","length":68,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"received 2,821,556 common shares of NFG (the "NFG Shares"), which had a closing price of $4.18 per NFG share on December 4, 2025, representing total consideration of approximately $11.8 million on that date; and","length":221,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"was granted a 1.0% net smelter returns royalty on certain of the mineral claims (the "NSR Royalty") pursuant to a royalty agreement between the Company and NFG (the "Royalty Agreement").","length":206,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":427,"olType":false},{"type":"text","content":"In...