New Found Gold Corp · TSX:NFGC
New Found Gold — Merger or Acquisition (September 2025)
24 slides from New Found Gold's merger presentation, Sep 5, 2025
Slide 1: Combination Creates Emerging Canadian Gold Producer
TSX-V: NFG | NYSE-A: NFGC TSX-V: MAE New Found Gold & Maritime Resources COMBINATION CREATES EMERGING CANADIAN GOLD PRODUCER New Found Gold Webcast and Conference Call, September 5, 2025
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”) and Maritime Resources Corp. (“Maritime” or “MAE”) solely for information purposes. While the information contained in this presenta
Slide 3: The New Found Gold Advantage
THE NEW FOUND GOLD ADVANTAGE STRONG TREASURY AND TIER 1 EXPERIENCED LEADERSHIP JURISDICTION $67.5M treasury1 | new team of Infrastructure | skilled workforce | mine developers and operators mining positive government 1 as at June 30, 2025 ROBUST PEA PATH TO EXPLORATION AT QUEENSWAY PRODUCTION UPSIDE
Slide 4: 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 Huet Chair Keith Boyle William Hayden1, 2 Tamara Brown1 Melissa Render Vijay Mehta1 Chad Williams1 1 Independent, 2 Lead Di
Slide 5: Strategic Combination
STRATEGIC COMBINATION ADDITION OF HAMMERDOWN, A HIGH-GRADE, IMMINENTLY PRODUCING GOLD PROJECT IN CENTRAL NEWFOUNDLAND • Hammerdown is anticipated to ramp up to full production in early 2026, with mineralized stockpiles currently being processed at Pine Cove HAMMERDOWN CASH FLOW TO SUPPORT QUEENSWAY
Slide 6: Transaction Terms
TRANSACTION TERMS • New Found Gold to acquire all of the issued and outstanding common shares of Maritime that it does not already own Transaction • The implied equity value of the Transaction is approximately $292 million on a fully-diluted in-the-money basis • Each holder of the common shares of M
Slide 7: Pro Forma Capitalization
PRO FORMA CAPITALIZATION (3) Share Price (C$) C$2.60 C$1.95 C$2.60 (5) Basic Shares Outstanding (mm) 243 124 336 F.D. ITM Shares Outstanding (mm) 247 150 359 (5) F.D. ITM Market Capitalization (C$ mm) C$642 C$292 C$934 F.D. ITM Ownership (%) 69% 31% 100% (1,2) (1,4) Cash & Cash Equivalents (C$ mm) C
Slide 8: Hammerdown Overview
HAMMERDOWN OVERVIEW NEAR-TERM PRODUCTION IN A RISING GOLD PRICE ENVIRONMENT Fully Permitted Mine and Mill • High grade, open pit gold project in a Tier 1 Jurisdiction • Production planned for 2025 at record high gold prices: brownfield site currently in construction • Hammerdown ramping up to full p
Slide 9: 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 of $155 million, builds average annual gold production2 of 69.3koz oz Au at an AISC3
Slide 10: Queensway Development
QUEENSWAY DEVELOPMENT HAMMERDOWN CASH FLOW TO SUPPORT PHASE 1 CAPEX After-tax Cash Flow – Base Case US$2,500/oz Au Production and AISC1 Profile Base Case: US$2,500/oz Au Upside Case: US$3,300/oz Au Annual Cumulative Annual Cumulative 250 $2,000 $1,800 Annual Gold Production by Phase (koz) ~C$155M of
Slide 11: Newfoundland Focused
NEWFOUNDLAND FOCUSED ACCESS TO TIER 1 INFRASTRUCTURE JURISDICTION Trans-Canada highway, renewable Consistently ranked a top 10 mining power, Gander International airport, jurisdiction globally1 and proximity to deep shipping ports SKILLED GOVERNMENT WORKFORCE SUPPORT Skilled workforce in a business-
Slide 12: Highly Complementary Assets
HIGHLY COMPLEMENTARY ASSETS POTENTIAL TO REALIZE SIGNIFICANT SYNERGIES • Brownfield open-pit project • Fully permitted mill and Image of Hammerdown currently in construction tailings facility, which -NFG/MAE to provide with ramped up production restarted mineral processing in early 2026 of existing
Slide 13: Significant Re-Rating Potential
SIGNIFICANT RE-RATING POTENTIAL COMBINATION UNLOCKS SHAREHOLDER VALUE Imminent Unlocking of Production & Operational Cash Flow Synergies Hammerdown is anticipated to ramp Access to permitted mill and tailings up to full production in early 2026 storage facility, experienced with cash flow to fund a
Slide 14: Attractively Positioned
ATTRACTIVELY POSITIONED EMERGING CANADIAN GOLD PRODUCER Annual Gold Production (koz Au) Market Capitalization (C$ billion) Producing - 2025E Guidance (Midpoint) Developer - Technical Report LOM Avg. Producing Developer $7.0 345 350 341 $6.7 Significant re-rate $5.7 Path to 260 potential as 255 >100
Slide 15: Strong Support from Cornerstone Shareholders
STRONG SUPPORT FROM CORNERSTONE SHAREHOLDERS Cornerstone Shareholders Eric Sprott 6% • The major shareholders of both companies strongly support the transaction Eric Sprott 23% • Voting support agreements have been received from Maritime’s largest shareholders; Dundee Dundee Corporation and Eric Spr
Slide 16: Benefits to Shareholders
BENEFITS TO SHAREHOLDERS SIGNIFICANT OPPORTUNITY TO CREATE VALUE Benefits to New Found Gold Shareholders Benefits to Maritime Shareholders ✓ Addition of Hammerdown, a high-grade, near-term producing gold ✓ Immediate and significant premium to Maritime shareholders of 32% on project in central Newfou
Slide 17: Q&A
Q&A TSX-V: NFG | NYSE-A: NFGC newfoundgold.ca TSX-V: MAE
Slide 18: Contact
CONTACT CONTACT Fiona Childe | Ph.D., P.Geo. Garett Macdonald | MBA, P.Eng. VP, Communications & Corporate Development President and CEO +1-416-910-4653 +1 (416) 365-5321 contact@newfoundgold.ca info@maritimegold.com https://www.linkedin.com/company/ https://www.linkedin.com/company/ newfound-gold-c
Slide 19: Appendix
APPENDIX TSX-V: NFG | NYSE-A: NFGC newfoundgold.ca TSX-V: MAE
Slide 20: Queensway PEA Overview
QUEENSWAY PEA OVERVIEW Phased Approach Focused on Rapid Advancement to Cash Flow: • Small mine to large mine • Conventional open pit mining with supplemental cut and fill underground • At-surface high-grade core in several key zones provides early cash flow through on-island custom milling • Phase 1
Slide 21: PEA Highlights: Base Case
PEA HIGHLIGHTS: BASE CASE Significant leverage to the gold price: Significant leverage to the gold price: After-tax NPV5%(1) increases to $1.45B and IRR increases to 197% when gold price is raised to US$3,300/oz Au PRODUCTION(2) COSTS ECONOMICS ~69.3 Koz/yr C$155M $743M Years 1-4 Initial Capital Cos
Slide 22: 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 23: Hammerdown Mineral Reserves & Resource Estimate
HAMMERDOWN MINERAL RESERVES & RESOURCE ESTIMATE Mineral Reserve Estimate - Hammerdown (Effective Date: August 15, 2022) Zone Tonnage Grade Contained Gold (kt) (g/t Au) (koz) Proven 556 5.94 106 Probable 1,340 3.85 166 Total Proven and Probable 1,895 4.46 272 Mineral Resource Estimate - Hammerdown (E
Slide 24: 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 IFRS and should not be considered in isolation. The Compani
New Found Gold — Merger or Acquisition (September 2025) on 6ix