Slide 1: An Emerging Canadian Gold Producer
AN EMERGING CANADIAN GOLD PRODUCER Investor Site Visit – June 15-17, 2026 Queensway Gold Project
Slide 2: Disclaimer
DISCLAIMER This presentation, and the information contained herein, has been provided to you by New Found Gold Corp. (“New Found Gold”, “NFG”, “NFGC” or the “Company”) solely for information purposes. While the information contained in this presentation is believed to be accurate, New Found Gold exp
Slide 3: Corporate Overview
CORPORATE OVERVIEW KEITH BOYLE, CEO
Slide 4: The New Found Gold Advantage
THE NEW FOUND GOLD ADVANTAGE EMERGING GOLD PRODUCER | STRONG GOLD PRICE ENVIRONMENT FASTRACKING PRODUCTION | DERISKING QUEENSWAY TOP 10 JURISDICTION1 | NEWFOUNDLAND CANADA EXPERIENCED TEAM OF EXPLORERS, MINE BUILDERS & OPERATORS | FULLY FUNDED PROLIFIC PROPERTY PACKAGE | TREMENDOUS UPSIDE POTENTIAL
Slide 5: Top 10 Jurisdiction
TOP 10 JURISDICTION NEWFOUNDLAND & LABRADOR CONSISTENTLY RANKED A TOP 10 JURISDICTION1 GOVERNMENT PERMITTING Mining-supportive | Provincial Clear, timely provincial government goal to build 5 permitting process | Positive new mines by 2030 recent precedents WORKFORCE INFRASTRUCTURE Skilled workforce
Slide 6: Directors & Senior Leadership
DIRECTORS & SENIOR LEADERSHIP New Found Gold has a new board and management team with a solid track record of successful mine development and operation BOARD OF DIRECTORS Paul Andre Huet Chair Keith Boyle William Hayden1, 2 Dr. Andrew Furey1 Chad Williams1 Tamara Brown1 Allen Palmiere1 MANAGEMENT Si
Slide 7: Building a Mid-tier Canadian Gold Producer
Building a Mid-tier Canadian Gold Producer Queensway Gold Project: Milestones and Objectives Phase 1 production CAPEX secured MRE/PEA update Phase 1 Phase 1 Initial MRE PEA published EPCM first ore to commercial New Board and published Q3/25 underway Phase 1 EA submitted Phase 1 early works mill pro
Slide 8: Queensway Development: Annual Gold Production by Phase
QUEENSWAY DEVELOPMENT Queensway Life of Mine Plan 250 2000 ~$155M unlocks 1800 Annual Gold Production by Phase (koz) average annual 200 1600 production of 12.5 12.3 1400 AISC(1) US$/oz Au 172 Koz Au 150 1200 10.0 (Years 5-9) 1000 8.1 100 800 ✓ Phase 1 600 initial capital 50 3.6 2.4 2.5 400 secured 1
Slide 9: Queensway Leverage to Gold Price
QUEENSWAY LEVERAGE TO GOLD PRICE Queensway Offers Queensway PEA: After-Tax Economics High Leverage to Gold Price 197% 2,000 162% ✓ 100% of Revenue from Gold 136% ✓ $89MM increase in NPV5% for 115% 1,500 99% 1450 each US$100 increase in 74% 86% 1362 65% 1273 gold price 56% 1185 1097 NPV5 $MM 1008 1,0
Slide 10: Capital Structure
CAPITAL STRUCTURE CAPITALIZATION1 KEY SHAREHOLDERS5 Shares – Basic 384.1M Options & RSUs 8.2M ERIC SPROTT Warrants2 16.3M 19% Shares – F.D. 408.6M Share Price $2.14 Market Cap $822M 52 Week High/Low $4.89/$1.84 Average Daily Volume ~4M Cash and Marketable Securities3 $148M Credit Facility4 $105M Pot
Slide 11: Attractively Positioned
ATTRACTIVELY POSITIONED Production Growth Benchmarked to Peer Group Estimated 2026 Gold Production (koz Au per annum) Market Capitalization (C$ billion) $0.8 $1.2 $2.0 $1.8 $4.4 ? $1.5 $8.2 $7.9 278 260 231 191 191 (3) 131 121 93 ~172(4) 74 ~69(1) ~24(2) ~19(5) Integra New Found Gold (Phase 1) McEwe
Slide 12: Key Reasons to Invest
KEY REASONS TO INVEST EMERGING GOLD PRODUCER | STRONG GOLD PRICE ENVIRONMENT FASTRACKING PRODUCTION | DERISKING QUEENSWAY TOP 10 JURISDICTION1 | NEWFOUNDLAND CANADA EXPERIENCED TEAM OF EXPLORERS, MINE BUILDERS & OPERATORS | FULLY FUNDED PROLIFIC PROPERTY PACKAGE | TREMENDOUS UPSIDE POTENTIAL 1 Sourc
Slide 13: Queensway & Hammerdown ESG Overview
QUEENSWAY & HAMMERDOWN ESG OVERVIEW JARED SAUNDERS, VP SUSTAINABILITY
Slide 14: Environmental, Social, Governance
ENVIRONMENTAL, SOCIAL, GOVERNANCE COMMITTED TO RESPONSIBLE EXPLORATION, STRONG COMMUNITY PARTNERSHIPS AND ONGOING ENGAGEMENT OF KEY STAKEHOLDERS Environmental Local-First Monitoring Hiring NFG’s approach to project development is Local-first hiring and procurement strategy guided by environmental re
Slide 15: Queensway Gold Project: EA Overview
QUEENSWAY GOLD PROJECT: EA OVERVIEW PROJECT IN ENVIRONMENTAL ASSESSMENT (EA) INCLUDES 700 TPD MINE WITH THE FOLLOWING PHYSICAL COMPONENTS: • Four open pits and associated infrastructure (east of pits to increase distance from town) • Organics and overburden storage facility • Waste rock storage faci
Slide 16: Queensway Gold Project: EA Overview
QUEENSWAY GOLD PROJECT: EA OVERVIEW Pre-Environmental Assessment EA Registration Scoping, baseline studies, impact bio-physical and socio-economic assessment environmental affects Minister’s Decision Further Assessment Scheduled for June 21, 2026 OUTCOME B Develop guidelines, field work/modelling, a
Slide 17: Social License to Operate
SOCIAL LICENSE TO OPERATE INCLUDE ALL WHO NEED TO BE INCLUDED; BUILD POSITIVE RELATIONSHIPS OTHER KEY STAKEHOLDERS REGULATORY ENGAGEMENT • NL Power Companies • Energy and Mines* • Qalipu First Nations • Mineral Lands Division* • Miawpukek First Nation • Mineral Development Division* • Newfoundland &
Slide 18: Employment at New Found Gold
EMPLOYMENT AT NEW FOUND GOLD Other Parts of WE ARE PROUD TO BE OPERATING IN CENTRAL NEWFOUNDLAND Canada 9% • We continually aim to partner with communities surrounding our projects. MOVING FROM EXPLORATION TO MINING WILL CREATE NEW JOB OPPORTUNITIES • We believe the necessary workforce is located ri
Slide 19: Engagement Approach
ENGAGEMENT APPROACH STAKEHOLDER COMMUNICATION ✓ Involves ongoing communication with local communities, Indigenous groups, regulators, and stakeholders throughout the project lifecycle. PUBLIC INFORMATION SHARING ✓ Public meetings, information sessions, and project material distribution facilitate tr
Slide 20: Community Partnerships
COMMUNITY PARTNERSHIPS MOVING TOWARD COMMUNITY-MINDED SPONSORSHIPS • New Found Gold has recently implemented a new sponsorship strategy. • Types of sponsorships include: • community development projects • youth and education initiatives • environmental stewardship causes • health and wellness progra
Slide 21: Environmental Protection
ENVIRONMENTAL PROTECTION PREVENTION IS THE BEST MEANS TO REDUCE ENVIRONMENTAL IMPACT ONGOING ENVIRONMENTAL MONITORING ACTIVITIES • Pre-work environmental assessments • Daily environmental inspections • Dedicated environmental team PROGRESSIVE REHABILITATION AND RECLAMATION • Reclaiming of sumps • Tr
Slide 22: Queensway Environmental Monitoring
QUEENSWAY ENVIRONMENTAL MONITORING WATER RESOURCES SOCIO-ECONOMIC ENVIRONMENT • Surface water (multi-year program) • Historic Resources • Groundwater (multi-year program) • Land and Resource Use • Housing Capacity FISH AND FISH HABITAT • Fish presence/absence, Technical Studies Completed • Fish habi
Slide 23: Queensway Project Overview & Exploration Update
QUEENSWAY PROJECT OVERVIEW & EXPLORATION UPDATE: MELISSA RENDER, PRESIDENT
Slide 24: 2026 Exploration Overview
2026 EXPLORATION OVERVIEW DRILL COUNT • 4 drills turning ,ramping up to 6 shortly PROGRAM DETAILS • $44M – fully funded • ~34,000m YTD / ~90,000m diamond drilling planned (37% complete) • Exploration & Growth Focus (45%): ✓ AFZ Core: Depth extensions below key zones and proximal to infrastructure. ✓
Slide 25: AFZ Core Advanced Exploration
AFZ CORE ADVANCED EXPLORATION • ~55% Pre-Development (Advanced Grade Control Exploration) DDH ✓ Phase 2 Pit Infill (inferred to indicated) ~10,500 m planned ICEBERG ✓ Phase 3 UG Infill (inferred to indicated) ~25,000m ✓ Grade Control: NQ test program, Keats & Iceberg grid KEATS expansion, Lotto init
Slide 26: AFZ Core Excavations
AFZ CORE EXCAVATIONS ACTIVITY SUMMARY (5 KEY ZONES) KEATS • Excavated, mapped and channel sampled (Results reported) ICEBERG • Excavated, mapped and channel sampled (Results reported) LOTTO • Excavated, mapped and channel sampled (Results pending) KEATS WEST • TBD K2 • TBD VG specimens from Lotto Ex
Slide 27: Grade Control Drill – Iceberg 2026
Grade Control Drill – Iceberg 2026 Iceberg Vein & Cameron VG specimens from Lotto Excavation VG specimens from Keats Excavation
Slide 28: AFZ Core Step-Out Exploration
AFZ CORE STEP-OUT EXPLORATION AFZ-KBFZ Bullseye Ext. TARGET Grid AFZ Core Step-Out Exploration (MRE Expansion) KEATS ✓ ~20,000 m planned WEST ✓ Bullseye ~4,500 m completed ✓ Dome Ext. ~1,100 m completed ✓ Golden Dome expansion ~3,000 m planned ✓ AFZ-KBFZ Target – ~5,000-8,000 m planned. New discover
Slide 29: AFZ-KBFZ Target
AFZ-KBFZ TARGET KEATS WEST KEATS NW SE INTERPRETED MINERALIZATION Deep mineralized structures in the AFZ footwall (east of the AFZ) 2.10 g/t Au / 7.05m 6.16 g/t Au / 3.10m - 600 m 1.63 g/t Au / 5.15m 2.55 g/t Au / 2.85m CROSS-SECTION LOOKING NE
Slide 30: AFZ-KBFZ Target
AFZ-KBFZ TARGET INTERPRETED MINERALIZATION NW KEATS WEST KEATS SE Deep mineralized structures in the AFZ footwall. 1.63 g/t over 5.15m - 600 m CROSS-SECTION LOOKING NE
Slide 31: AFZ-P Step-Out & Blue-Sky Exploration
AFZ-P STEP-OUT & BLUE-SKY EXPLORATION AFZ P Step-Out Exploration Dropkick: MRE Expansion • ~7,000m step-out drilling planned • New near-surface high-grade outside of MRE on east and west side of AFZ. • 11 km northeast of AFZ Core along the AFZ • Mineralization characteristics similar to the AFZ Core
Slide 32: Regional Exploration
REGIONAL EXPLORATION Regional Blue Sky & Step-Out Exploration ✓ ~7,000 m DDH planned • Pauls Pond: Step-out and new target testing • Greenwood: New target testing, follow up from past trenching • New targets generated in the 2026 field program ✓ Trenching • Extensive trenching planned for Greenwood,
Slide 33: Orogenic Au Environment
OROGENIC AU ENVIRONMENT NORTHWEST SOUTHEAST Gander Penobscot Group Ophiolites • Continent-Continent QUEENSWAY collision and terrane PROJECT accretion Iapetus Ocean Exploits Basin • Development of major regional-scale Davidsville deep-seated Group structures Indian Islands Gr. Botwood Group MING MINE
Slide 34: Geologic Setting
GEOLOGIC SETTING BALTICA • The Queensway Project is located along a continental collision margin formed as part of the Appalachian Orogeny – the collision of Laurentia with Gondwana and DOG BAY LINE its micro-continents (Ganderia and Avalonia). Greenland HBF Britain • The Dog Bay Line (DBL) is a maj
Slide 35: Litho-Structural Architecture
LITHO-STRUCTURAL ARCHITECTURE Structural evolution of the Davidsville group in the Exploits subzone NW SE NW SE NW mineralized penetrative SE low-displacement fabric faults DogBayline GRCline increasing slip on décollement slip on décollement oceanic crust oceanic crust Au Hydrothermal Fluids Potent
Slide 36: Property Geology
PROPERTY GEOLOGY AFZ CORE • Predominantly Ordovician Davidsville Group • Fold-thrust sequence of shallow DROPKICK marine siliciclastic sedimentary rocks (turbidites) K2 1744 • Unconformably overlies the Gander KEATS/ICEBERG AFZ WEST River Complex of ultramafic and mafic rocks in the east AFZ EAST •
Slide 37: AFZ Mineralization
AFZ MINERALIZATION K2 (NFGC-23-1786) 8.69 g/t Au / 12.25m HONEYPOT • Au-bearing faults + epizonal K2 veins cross-cut stratigraphy at a high angle JACKPOT • Consistent style across all zones GREYWACKE Lotto (NFGC-21-115) 20.9 g/t Au / 8.4 m BLACK SHALE MONTE SHALE CARLO LOTTO Keats West (NFGC-22-960)
Slide 38: AFZ Cross-Section
AFZ CROSS-SECTION NEWFOUNDGOLD.CA
Slide 39: Deformation and Gold
DEFORMATION AND GOLD D1A – Acadian Orogeny (~418 Ma): Early fold-thrust development, Steepening and Sinistral Transpression X-Section • NW-SE Directed Sinistral Transpression • Early thrust development- AFZ, Dog Bay Line, Reach Fault, etc. • Tight to isoclinal doubly NE-SW plunging F1A folds • Penet
Slide 40: Deformation and Gold
DEFORMATION AND GOLD K2 • Three main orientations: - NE Striking (Keats Main/Iceberg) - Conjugate SSE (e.g. Lotto) - EW (EW Vein) Striking Faults • Three main plunge groups: - SW shallow-mod - NE moderate - S Steep NE SW AFZ EAST LONG N SECTION
Slide 41: High-Grade Shoot Controls
Au Vein HIGH-GRADE SHOOT CONTROLS Au Vein High-Grade Plunge A A’ N A • High-grade shoot location and geometry is largely controlled by intersecting faults/veins • Breccia “pipes” developed at structural KEATS intersections. WEST • Rapid depressurization and boiling in ICEBERG A’ areas of dilation/hi
Slide 42: Site Tour Overview
SITE TOUR OVERVIEW Arrive via the Appleton Business Park entrance; exit from the Trans Canada Highway (TCH) Appleton Core Yard: view as we drive by where we maintain our diamond drill core Overburden archive and our site operations office Stockpile Stop 1: Keats Trench: observe the grade Waste Rock
Slide 43: Queensway Project PEA & Engineering Studies
QUEENSWAY PROJECT PEA & ENGINEERING STUDIES ROB ASSABGUI, COO
Slide 44: Queensway Development Strategy
QUEENSWAY DEVELOPMENT STRATEGY Phase 1 (Years 1-4): Open Pit Mine with Off-Site Toll Milling • Queensway site prep and installation of infrastructure for a small OP mine. • High-grade material crushed and transported to an off-site toll mill, at a rate of 700 tpd starting in year 1 • Lower grade mat
Slide 45: Initial MRE Conversion
INITIAL MRE CONVERSION Initial MRE Summary (Effective Date March 15, 2025) MRE Conversion to PEA Mine Plan Zone Category Tonnage Grade Contained Metal MRE Mine Plan Conversion (Mt) (g/t Au) (Moz) (kt) (g/t Au) koz koz % Indicated 17.3 2.25 1.25 Open Pit Open Pit Inferred 9.0 1.24 0.36 Indicated 0.8
Slide 46: Mining Methods
MINING METHODS Conventional open pit truck and shovel mining with complementary high-grade underground cut-and-fill Open Pit Mine • Conventional OP truck and shovel operation with 17 pits • The three main pits (Iceberg, Keats and Keats West) are sequenced early in the mine life and will subsequently
Slide 47: Open Pit Mining Schedule
OPEN PIT MINING SCHEDULE 18,000 9.0 4,500 9.00 16,000 8.0 4,000 8.00 14,000 7.0 3,500 7.00 12,000 6.0 3,000 6.00 Stripping Ratio – Waste to Mineralized Minerealized Material Mined (ktpa) Mineralized Material Mined ktpa 10,000 5.0 2,500 5.00 Grade g/t Au 8,000 4.0 2,000 4.00 6,000 3.0 1,500 3.00 4,00
Slide 48: Material Classification
MATERIAL CLASSIFICATION 250 • High Confidence Mineral Resources Open Pit Indicated in the mine plan Open Pit Inferred • Years 1-5: >80% of ounces in Underground Indicated the indicated category Underground Inferred 200 • LOM: >75% of ounces in the Annual Gold Production by Resource Classification (k
Slide 49: Queensway Processing and Recovery
QUEENSWAY PROCESSING AND RECOVERY Metallurgical Test Work1 Phases I & II Summary: • Based on phases 1 and 2, the PEA assumes an 92% recovery, with 48% of the gold reporting to doré, and 44% of the gold reporting to concentrate. • Gold reporting to doré will be recovered by gravity concentration, as
Slide 50: In-Pit Tailings Deposition
IN-PIT TAILINGS DEPOSITION Iceberg, Keats, Keats West scheduled for in-pit tailings deposition (Combined excavated rock volume of 30.6 Mm3) • Tailings discharged from high ground, ponds formed in middle area • Allows for centralized water management operations • Utilizes topography for beach slopes
Slide 51: Production and Cost Profile
PRODUCTION AND COST PROFILE Average Annual Gold Production 250 2000 LOM ~100 koz 1800 Years 1-4 69.3 koz Years 5-9 172.2 koz Annual Gold Production by Phase (koz) 200 1600 1400 12.5 12.3 Average Daily Mining Rate AISC(1) US$/oz Au 150 1200 10.0 Years 1-4 700 tpd 1000 8.1 Years 5-15 7,000 tpd 100 800
Slide 52: Capital Cost Summary
CAPITAL COST SUMMARY Sustaining (C$ millions) Phase 1 Phase 2 Phase 3 Total Capital Mining $47.7 - $104.2 $321.4 $473.3 Onsite Processing $220.5 - - $220.5 Onsite Infrastructure $15.7 $23.5 - $4.0 $43.2 Offsite Infrastructure $40.5 - - - $40.5 Indirects/Owner's Costs/EPCM $19.9 $109.8 $10.0 - $139.7
Slide 53: Operating Cost Summary
OPERATING COST SUMMARY Life of Mine Operating Cost(1)(2) Unit Value Mining (Open Pit) $M 906.6 Mining (Underground) $M 188.5 Unit Operating Costs Unit Value Third-Party Processing $M 57.5 Mining $/ t proc. 40.01 Material Handling $M 86.2 Processing $M 549.5 Processing $/ t proc. 25.33 G&A $M 188.7 G
Slide 54: EPCM Contract
EPCM CONTRACT • EPCM contract awarded to WSP Canada Inc. for Queensway Phase 1 project development (January 2026) • EPCM work currently underway; advancing Queensway site development and detailed engineering for the expansion and upgrade of Pine Cove Mill • Expanded Pine Cove Mill to process feed fr
Slide 55: Queensway Development Schedule
QUEENSWAY DEVELOPMENT SCHEDULE 2026 2027 2028 2029 2030 2031 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Continued community and government engagement PHASE 1 PEA/MRE Permitting Engineering Early works, Construction Production PHASE 2-3 Permitting Feasibility Detailed Eng
Slide 56: Appendix
PADD DDD DAPECKM OWOOD DD
Slide 57: Queensway Overview
QUEENSWAY OVERVIEW High-Grade Core = Low Capital-Intensive Phased Approach Rapid Advancement to Cash Flow • Solid low-cost production profile from year one via a phased mine plan: • Phase 1: Low Initial capital cost ($155 million), builds average annual gold production2 of 69.3koz oz Au at an AISC3
Slide 58: Queensway Mineral Resource Estimate
QUEENSWAY MINERAL RESOURCE ESTIMATE Mineral Resource Estimate - Queensway (Effective Date: March 15, 2025) Zone Category Tonnage Grade Contained Gold (kt) (g/t Au) (koz) Indicated 17,267 2.25 1,249 Open Pit Resources Inferred 8,960 1.24 358 Indicated 771 5.76 142 Underground Resources Inferred 1,749
Slide 59: Non-GAAP Measures
NON-GAAP MEASURES Non-GAAP Financial Measures The Companies have included certain non-GAAP financial measures in this presentation, including AISC, cash cost, cash cost per ounce and cash flow. These financial measures are not defined under International Financial Reporting Standards (“IFRS”) and sh
Slide 60: Mineralization Style
VISIBLE GOLD IN QUARTZ-CARBONATE VEINS MINERALIZATION STYLE VEIN STYLES: • Stylolitic- massive to vuggy (Crack-seal / fault fill) • Breccia- vuggy • Stockwork METALLIC MINERALS: • +/- arsenopyrite, chalcopyrite boulangerite/bournonite, pyrite SILICATE MINERALS: NH4 muscovite, Qtz, Fe-Carb
Slide 61: Alteration
A A’ ALTERATION Inclined view * Visually non-distinct alteration adjacent to Lotto vein looking down-dip on Keats Baseline Fault. High Grade Au Zone White Mica Alteration Footprint NH4 Muscovite Kaolinite • NH4 Muscovite and Fe-carbonate proximal to and within Au-bearing * Kaolinite alteration assoc
Slide 62: Pathfinder Geochemistry
PATHFINDER GEOCHEMISTRY Arsenic Tungsten Keats West Keats West • Au-As-Sb-W-Cu-Pb Metal association Keats Keats • Typical orogenic signature 200M 200M • Early low-grade min event Au-As Antimony Gold • Later high-grade min event Keats West Au-As-Cu-Pb Keats West Keats Keats 200M 200M TSX-V: NFG | NYS
Slide 63: QWS Exploration
DEVILS TREND QWS EXPLORATION DEVILS 2022 Inaugural Program NORTH • Inaugural program: 8 targets drilled (7,255m in 33 DDH) • Significant gold mineralization in 27 of 33 DDH PAULS TREND • Visible gold in 10 DDH from 4 target areas • Paul's Pond Trend: 2.5km extent Indian NFGC-QS-22-15 0.47 g/t Au / 8
Slide 64: Penumbra
FIELD RELATIONSHIPS Vuggy Breccia Vein w/ Gold KEATS TRENCH Au in Breccia N Bedding at High angle to vein wall PENUMBRA EAST-WEST VEIN Fault Fill / Crack-Seal Vein w/ Gold TSX-V: NFG | NYSE-A: NFGC newfoundgold.ca TSX-V: NFG 64 Au in Crack-Seal Vein TSX-V: MAE
Slide 65: Iceberg
ICEBERG A KEATS W DOME COKES • New Found’s most recent high-grade discovery made in TCH GOLDEN JOINT March 2023. • This high-grade, at-surface discovery is likely the eastern continuation of the Keats Main Zone. ICEBERG-ICEBERG E. • High-grade fault segment ~570m strike. • KBFZ now spans ~1.9km stri
Slide 66: Keats West
KEATS W KEATS WEST A COKES GOLDEN JOINT • New Found’s first major discovery located on the west TCH A’ side of the AFZ, made in September 2022. • Shallow-dipping thrust fault associated, quartz vein- ICEBERG-ICEBERG E. hosted with 315m+ strike length and 305m+ down-dip extent. KEATS • Average thickn
Slide 67: Contact
CONTACT Fiona Childe | Ph.D., P.Geo. VP, Communications & Corporate Development +1-416-775-2700 contact@newfoundgold.ca https://www.linkedin.com/company /newfound-gold-corp