New Found Gold Corp · TSX:NFGC
New Found Gold — Central MinEx (April 2026)
39 slides from New Found Gold's conference presentation, Apr 22, 2026
Slide 1: Queensway Gold Project Update - Central MinEx
“\N TSX-V: NYSE-A: NEWFOUNDGOLD AN EMERGING CANADIAN GOL) PRODUCER Queensway Gold Project Update Central MinEx Fiona Childe, VP Communications & Corporate Development April 22, 2026
Slide 2: Disclaimer
D ISCLAIMER Newroun Gow Thigpprécentation, and the information contained heroin, has bacn provided to you by New Found Gold Corp. “New Found Gold”, “NFG", “NFGC" or tho “Company") solely fr information purposes. “Write the information conteined inthis presentation is believed to be accurete, Nev Fou
Slide 3: Recent Accomplishments
RECENT ACCOMPLISHMENTS NewroUNOGOLD March 2025 INITIAL MINERAL RESOURCE ESTIMATE May - December 2025 +74,000 DRILL PROGRAM | REGIONAL EXPLORATION & TARGET GENERATION July 2025 PRELIMINARY ECONOMIC ASSESSMENT September 2025 PHASE III METALLURGICAL TESTWORK December 2025 QUEENSWAY EXPANSION: >220,000
Slide 4: Queensway PEA Overview
_ QUEENSWAY PEA OVERVIEW NewrouNoGOLD Phased Approach | | ow Initial CapEx | Rapid Payback Phase 1 Open Pit Mine with Off-Site Milling (Years 1-4) * Queensway site prep and installation of infrastructure for a small OP mine * High-grade material crushed and transported to Pine Cove Mill (700 tpd) +
Slide 5: 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 pen Pit Inferred 9.0 1.24 0.36 Una 4 I
Slide 6: Queensway Development
QUEENSWAY DEVELOPMENT wewrounoso.n ? a Queensway Life of Mine Plan 250 200 ~C$155M of initial capital unlocks average annual production of 172 Koz Au (Years 5-9) 50 00 YR1 YR2 YR3 YRS mmPhaso1 © mmPhaso2 © ™Phase3 ——=AISC — —®Total grade processed (g/t) Annual Gold Production by Phase (koz) AISC") U
Slide 7: Queensway Leverage to Gold Price
\\ \ \ ay ~ QUEENSWAY LEVERAGE TO GOLD PRICE NEWFOUNDGOLD Queensway Offers Queensway PEA: After-Tax Economics High Leverage to Gold Price 197% 2,000 Y¥ 100% of Revenue from Gold v¥ $89MM increase in NPV5o, for each US$100 increase in 1451 gold price 5 1008 . 2 1,000 920 831 J on 743 ety 500 3 | ‘ 5
Slide 8: Queensway Development Schedule
ay QUEENSWAY DEVELOPMENT SCHEDULE NEW GOLD 202¢ 1 Q Qs rs Qt Q PHASE 2-3 GEOLOGY ENGINEERING ENVIRONMENTAL 2026 drill program underway WSP commenced Phase | EPCM Baseline studies complete Primary focus PEA/ project, Site development and detailed EA application Q2/26 secondary focus exploration offsi
Slide 9: Drilling
DRILLING 2025 DRILL PROGRAM ~74,000m diamond drilling completed in 2025 75% Pre-Development (Advanced Exploration) Infillin Phase 1 pits (inferred to indicated conversion) Advanced study = Phase 1 geotechnical = Hydrogeological = Site infrastructure condemnation = Grade-control at Keats and Iceberg
Slide 10: Excavation Program
~ EXCAVATION PROGRAM 2025 EXCAVATION PROGRAM * Continued de-risking of key zones through excavation, detailed mapping and channel sampling * Iceberg channel sampling (completed in 2025) + Lotto excavation, mapping and channel sampling completed (results pending) os Lotto Excavation: Washing Gold in
Slide 11: Regional Exploration
REGIONAL EXPLORATION 2025 REGIONAL PROGRAM + New target generation and target advancement through the year * Soil and rock sampling * High-res drone-airborne survey * Focus on AFZ corridor at QWS and at QWN 2026 REGIONAL PROGRAM * Soil sampling continued through winter * Target development from 2025
Slide 12: Location - North American Overview
Location - North American Overview aw >. Legend * Queensway Project ° Cities ey | Borders i) 1,000 2,000 km Located in Newfoundland and Labrador, Canada TT POWERED BY *VRIFY
Slide 13: Location - Newfoundland Overview
Location - Newfoundland Overview Pine Cove Operations O Cities gs Airports , —_ Trans-Canada Highway New Brunewick - ‘The Queensway Project, Hammerdown Operation and Pine cove Operation are located in Central Newfoundland, in areas of excellent access and infrastructure. AE OU 1UU KITV Wi POWERED BY
Slide 14: Neighbouring Projects
Neighbouring Projects Logena TE cuceneway sora Pretest GS V1 ree operetione DD WR routes provery TD comerra Property [) canstar propery 1) aunnega Property Benton Resources Golden Rlage Property TD eirerty metate Property <> ities Trans-Canada Highway AB 50 100 km 83 Reag09- Own aon. oow-SA A inecar
Slide 15: JBP Fault
ae JBP Fault 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. pune awe POWERED BY *VRIFY
Slide 16: AFZ Core Mineral Resource Area
Slide 17: AFZ Core Open Pit MRE Block Model
AFZ Core Mi inn oe Open pit MRE block model above a 0.3 g/t Au reporting cut-off grade. Displaying revenue factor 1.0 pit shells. “4 7 " " § *. POWERED BY _ XVRIEY, ie ka .. =
Slide 18: MRE Block Model at and above 2.0 g/t Au
* 7 Tia w \ a bt. PG MRE block model showing indicated and inferred mineral resources at and above 2.0 g/t Au ini | en
Slide 19: Keats & Iceberg Excavations on MRE Block Model
Keats & Iceberg excavations overlain on MRE block model. Keats excavation mapped & sampled in 2024; Iceberg ‘excavation mapped & sampled in 2025. 2 _—— >
Slide 20: Iceberg Excavation Channel Sampling
|B-25-01-16, 23.9 g/t Au over 15.12 m 'B-25-01-15 3.7 g/t Au over 21.3 m 1B-25-01-40. 47.4 g/t Au over 7.36 m 1B-25-01-14, 16.1 g/t Au over 6.52 m 18-25-01-11 51.7 g/t Au over 2.19 Iceberg Excavation Channel Sampling bs <a IB-25-01-17 28.1 g/t Au over 7.11m IB-25-01-18 yg/t Au over 2.99 m 1B-25-01-2
Slide 21: Iceberg Grade Control Drill Results
POWERED BY *VRIFY Iceberg Grade Control Drill Results NFGC-25-GC-082 43.2 g/t Au over 19.85 m NFGC-25-GC-107 55.4 g/t Au over 8.30 m NFGC-25-GC-079° 41.1 g/t Au over 11.40 m NFGC-25-GC-050° 22.6 g/t Au over 17. NFGC-25-GC-106 31.6 g/t Au over 18.65 m
Slide 22: Keats Excavation Grade Control Drilling
POWERED BY *VRIFY 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 Legend Nee NFGC-25-GC-008 12.85 g/t Au over 12.85 m 9.29 g/t Au over 15.40 m
Slide 23: Lotto Excavation Channel Sampling
Slide 24: PEA Site Infrastructure and Open Pit Design
iY Site Infrastructure © ~ bares abd i : [ i i Proposed Buildings # 7 * a 4 “1 a PEA Site Infrastructure and Open Pit Design Ae ‘ y x POWERED BY. € #*VRIFY aah
Slide 25: UG Infrastructure & Stopes
UG Infrastructure & Stopes Keats South Keats leeberg Dome Lotto k2 Jackpot Underground Development a PEA Underground Infrastructure and Stope Design POWERED BY *VRIFY
Slide 26: Queensway Depth Potential
“4 a a “6. 250m 100m, Queensway Depth Potential POWERED BY *VRIFY Depth Potential Legend Block Model Grado Au gh eos © Pome Golden Dome Keats aF2 Deep -Keotesouth Deo Or
Slide 27: Strike Potential
Strike Potential ‘. Dropkick ry a ~. AFZ Core peed | Nie = Dropkick: new high-grade results received post MRE cut-off date, located 11km from AFZ Core area Fy POWERED BY dl
Slide 28: Dropkick Drill Results
POWERED BY *VRIFY Dropkick Drill Results NFGC-25-2624. 1.25 g/t 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 g/t 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 29: AFZ Core and AFZ Peripheral Strike Extent
age ae AFZ Peripheral ee: i FEL AFZ Core | i ‘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. 2 POWERED BY *VRIFY
Slide 30: AFZ Core
AFZ Core Boe LAS,
Slide 31: Grab Samples
= Grab Senples - Avot Dai z ; 4a’ < Qores A “Bs $ Qe a 196 < ese % Kstronaut ie Fe, ‘a # Greenwood Pond
Slide 32: Looking Ahead
LOOKING AHEAD 2026 DRILL PROGRAM UNDERWAY + Arigs currently active + Initial drilling targeting Phase 2 Open Pits, transitioning to Phase 3 underground * Grade control drilling recommencing in Q2/26 - optimizing based on 2025 results Exploration drilling: + AFZ Core resource expansion, including Bul
Slide 33: Contact
‘N a NEW {iDGOLD CONTACT Fiona Childe | Ph.D., P.Geo. VP, Communications & Corporate Development -+1-416-775-2700 contact@newfoundgold.ca in) https://www.linkedin.com/company /newfound-gold-corp
Slide 34: Appendix
APPENDIX
Slide 35: Capital Structure
~ CAPITAL STRUCTURE wewro\nogou 4) CAPITALIZATION" d)) KEY INSTITUTIONAL SHAREHOLDERS* Shares - Basic 345.2M Options & RSUs 8.3M Warrants? 13.8M {) MERK Shares -F.D. 367.3M Share Price $2.54 Market Cap sau @investments G74 T.RowePrice 52 Week High $4.89 52 Week Low $1.34 Average Daily Volume ~4M a)
Slide 36: Attractively Positioned
ATTRACTIVELY POSITIONED NewroL NDGOLD Production Growth Benchmarked to Peer Group Estimated 2026 Gold Production (koz Au per annum) Market Capitalization (C$ billion) [509 S13 $2.1 S21 [s3.9 [2] [15] $8.1 59.4] 260 4 Integra New Found Gold (Phase 1) McEwen Hemlo Wesdome New Found Gold (Phase 2) Orez
Slide 37: Queensway Mineral Resource Estimate
ay -. QUEENSWAY MINERAL RESOURCE ESTIMATE" Mineral Resource Estimate - Queensway (Effective Date: March 15, 2025) Tonnage Contained Gold (kt) (koz) Indicated Inferred Indicated Inferred Indicated Inferred Open Pit Resources Underground Resources Total Notes: 1. CIM (2014) definitions were followed f
Slide 38: Queensway Processing and Recovery
} QUEENSWAY PROCESSING AND RECOVERY newrounogoLD Crushing = Gravit Sulphide Carbon Cyanide y Flotation in Leach “CIL” Detox v v v L Intensive Concentrate Elution/ Leach Reactor Thickening/Filtration Regeneration Phase 1 - Toll Milling Electrowinning ” | “EW"/Gold Room * 1.2Mtin Years 1-5 at an avera
Slide 39: Non-GAAP Measures
ay _NON-GAAP MEASURES newrounocoLD 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 Standard