New Found Gold Corp · TSX:NFGC
New Found Gold — Investor Presentation (May 2026)
56 slides from New Found Gold's investor presentation, May 2026
Slide 1: An Emerging Canadian Gold Producer
TSX-V: NFG | NYSE-A: “N NEWFOUNDGOLD AN EMERGING CANADIAN GOL) PRODUCER Corporate Presentation — May 2026
Slide 2: Disclaimer
DISCLAIMER oe sentation, and the information contained herbin, has baen provided to you by New Found Gold Corp. ("New Found Gols, “NF”, “NFGC" or the “Company") solely for information purposes. “Wile the informetion conteined in this presentation is believed to be accurate, Nevr Found Gold expressly
Slide 3: The New Found Gold Advantage
ay THE NEW FOUND GOLD ADVANTAGE NEWFOUNDGOLD EMERGING GOLD PRODUCER | STRONG GOLD PRICE ENVIRONMENT FASTRACKING PRODUCTION | DERISKING QUEENSWAY (acon TOP 10 JURISDICTION’ | NEWFOUNDLAND CANADA \ : QUEENSWAY GOLD PROJECT HAMMERDOWN GOLD PROJECT Ee EXPERIENCED TEAM OF EXPLORERS, MINE AINA BUILDERS &
Slide 4: 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 Keith Boyle Chad Williams ay Keith Boyle CEO Dr. Fiona Childe VP Communications & Corporate Development 11 Independent, 2 Lead Director William
Slide 5: Building a Mid-tier Canadian Gold Producer
\ A Building a Mid-tier Canadian Gold Producer NEWFONIDGOLD Queensway Gold Project: Milestones and Objectives Phase 1 production CAPEX secured MRE/PEA update Phase 1 Phase 1 InitialMRE PEA published EPCM first ore to commercial New Board and published Q3/25 underway Phase 1EAsubmitted Phase 1 early
Slide 6: Key Assets
ay \ J | KEY ASSETS NEWFOUNDGOLD | QUEENSWAY | HAMMERDOWN | PINE COVE Advancing to Production - Production Ramp Up Fully Permitted Mill and Tailings QUEENSWAY GOLD PROJECT HAMMERDOWN GOLD PROJECT PINE COVE MILL At surface deposit with high-grade core 3 deposits: open-pit mining commencing Fully perm
Slide 7: Queensway Development
. QUEENSWAY DEVELOPMENT NEWFOUNDEOLD Queensway Life of Mine Plan ~$155M unlocks average annual production of 172 Koz Au (Years 5-9) AISC" US$/oz Au A Phase 1 initial capital secured Annual Gold Production by Phase (koz) yR1 yR2 YR YR4 mmPhaso1 mmPhaso2 © "mmPhase3 —=AISC — ~eTotal grade processed (g
Slide 8: Queensway Development Schedule
ay QUEENSWAY DEVELOPMENT SCHEDULE NEWFOUNDGOLD 202 a ges ot | » Continue 1 Feasibility GEOLOGY ENGINEERING ENVIRONMENTAL 2026 drill program underway WSP commenced Phase | EPCM Baseline studies complete Primary focus PEA/ project, Site development and detailed ER submitted Q1/26; provincial EA second
Slide 9: Queensway Leverage to Gold Price
~ QUEENSWAY LEVERAGE TO GOLD PRICE Queensway Offers High Leverage to Gold Price 2,000 ¥ 100% of Revenue from Gold v¥ $89MM increase in NPV5o, for : each US$100 increase in yen gold price : 1,000 500 0 ay NEWFOUNDGOLD Queensway PEA: After-Tax Economics 197% 831 743 | 2,500 2,600 2,700 2,800 2,900 3,0
Slide 10: Location - North American Overview
Location - North American Overview Legend * Queensway Project ° Cities . [| Borders Naas 1,000 2,000 km Located in Newfoundland and Labrador, Canada TT POWERED BY #*VRIFY
Slide 11: Location - Newfoundland Overview
Location - Newfoundland Overview 2 RR Rt PAR Legend Ray , Hammerdown and Pine Cove Operations * © ctties is Airports | — Trans-Canada Highway ie The Queensway Project, Hammerdown Operation and Pine cove Operation are located in Central Newfoundland, in areas of excellent access and infrastructure. T
Slide 12: Neighbouring Projects
Neighbouring Projects Logena TD aueensmay cota Frotect GD ES Secnedpnonn D> > Equinox Propeny {camera Property () canstar propery 1) Aunaags Properry Benton Resources Golden Rlage Property (ED) Firerty metats Property Cities — ‘Trans-Canada Highway i Ni : (2) 50 100 km $ SOC REROI AE iss Ges ye edbe
Slide 13: Appleton Fault
"Appleton 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. POWERED BY #*VRIFY
Slide 14: AFZ Core area showing initial MRE and PEA pit outlines
Contain Hota ere) AFZ Core area showing initial MRE, MRE block model and PEA pit outlines ¥ ¥ ork P C e eas ‘ e ; ‘ :
Slide 15: Open pit MRE block model
Open pit MRE block model above a 0.3 g/t Au reporting cut-off grade. Displaying revenue factor 1.0 pit shells. r 7 7" "hm § es POWERED BY v : -_ ; OEVRIFY » wT
Slide 16: AFZ Core Mineral Resource Area >2 g/t Au
_ TE Gir AER = AFZ Core Mineral R Area >2.g/t Au 3 “ SSS Ye MRE block model showing indicated and inferred mineral resources at and above 2.0 g/t Au
Slide 17: 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. ” ———_ s
Slide 18: Iceberg Excavation Channel Sampling
Iceberg Excavation Channel Sampling 1B-25-01-16, 23.9 g/t Au over 15.12 m IB-25-01-15 3.7 g/t Au over 21.3 m |B-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 -_ IB-25-01-17 28.1 g/t Au over 7.11m IB-25-01-11. : 1B-25-01-18 3.0-g/t Au over 2.99 m IB-25-01-26 33.5 g/t Au over
Slide 19: 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 17.55 m NFGC-25-GC-106 31.6 g/t Au over 18.65 m
Slide 20: 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 NFGC-25-GC-012 NFGC-25-GC-008 12.85 g/t Au over 12.85 m 9.29 g/t Au o
Slide 21: Keats Grade Control Drill Results
Keats Grade Control Drill Results NFGC-25-GC-065) NFGC-25-GC-068 11.8 gjt Au over 9.95 m 40.3 gf Au over 2.25 Sa NFGC-25-GC-071 16.9 g/t Au over 3.90 m S : NFG POWERED BY #*VRIFY
Slide 22: Lotto Excavation Channel Sampling
Slide 23: Site Infrastructure
hen aiid ). Site infrastructure Waste Management Facility Proposed Buildings y ,! 8s
Slide 24: Keats South Underground Development
Keats South Underground Development Boece Bowe PEA Underground Infrastructure and Stope Design POWERED BY #*VRIFY UG Infrastructure & Stopes Jackpot
Slide 25: Queensway Depth Potential
250m 4000m Queensway Depth Potential POWERED BY #*VRIFY Depth Potential eos 242200 160 gp cir Dm a soos, \\ ningun cone eceti gee a ‘Sena nb eon jactacbanon gee vente. ph hl
Slide 26: Strike Potential
Strike Potential Dropkick eae [icone [amend toto | Pistachio ied * AFZ Core A a — Dropkick: new high-grade results received post MRE cut-off date, located 11km from AFZ Core area #4 ae . iad. POWERED BY for VRIFY [Fy
Slide 27: 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 gjt 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 g/t
Slide 28: AFZ Peripheral
ea AFZ Peripheral AFZ Core |: 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. pees ae 9 st 6: Na POWERED BY 4 #*VRIFY
Slide 29: Regional grab sample results from Queensway North
SD Li Regional grab sample results from Queensway North
Slide 30: Grab Samples
Grab Senples <A sf ‘ Lo orbs Begs > "i A oa Bass : = Ais Devils Pond & , See ae ¥ eS Ei Pauls Pond Trend 4% me: oe j ge SE gt Greenwood Pond i? = Pen BB Devils Pond
Slide 31: Hammerdown & Pine Cove Overview
ay HAMMERDOWN & PINE COVE OVERVIEW NEWFOUNDGOLD [ Hammerdown Gold Project oo HUB AND SPOKE MINE STRATEGY ° Trore-Conoda Higwey 3 deposits - Hammerdown, Orion and Stog’er Tight - _ Rood centered around the Company’s Pine Cove Mill (@ stoe’er TIGHT |} © City/Town (@yrine cove}, TWO PROPERTIES; ONE PRO
Slide 32: Hammerdown Mine Plan
/HAMMERDOWN MINE PLAN Annual Gold Production (koz) 8 8 S Year1 Year MEE Hammerdown Deposit mmm Orion Deposit Year 3 Hammerdown Gold Project Life of Mine Plan’ |, Year 9 Yeard YearS Year6 -Year7 ‘Year 8 Year 10 1 See the Appendix and New Found Gold News release dated February 26, 2026 for eduitional
Slide 33: Hammerdown District Potential
HAMMERDOWN DISTRICT POTENTIAL ([G@ Hammerdown Gold Project Deposit Prospect Historic Mine Milt 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 @ se
Slide 34: Hammerdown Resource Expansion Potential
HAMMERDOWN RESOURCE EXPANSION POTENTIAL ay NEWFOUNDGOLD SHALLOW RESOURCE GROWTH OPPORTUNITIES | HAMMERDOWN DEPOSIT Limited testing below 200 m VD across all advanced target areas OPEN FOR EXPANSION | Three deposit areas (Hammerdown, Orion and Stog’er Tight Two historic mine sites (Pine Cove and Argy
Slide 35: Hammerdown Gold Project and neighbouring assets
ie a a | Legend i "age & Hammerdown Gold Project ® {| FireFly Metals Property he New Found Gold Assets 5 * / 4.0 , Cities* 7 * A occurrence —— Roar — Trans-Canada Highway POWERED BY #*VRIFY
Slide 36: Infrastructure
Infrastructure OD seving rere BB wrertcea cine Sorter Skackpie Hammerdown Deposit Pit — orgri toate | J —oveercn Stage Factty 6276.5 | oer = SS. a Orion Deposit Pit \ * : ” - POWERED BY 3€VRIEV d
Slide 37: Pine Cove Mill and site infrastructure
Slide 38: Hammerdown Gold Project and major faults
Slide 39: Block Model Class
POWERED BY #*VRIFY Block Model Class BD vvores Infrastructure a [Bh vested siccite overuse erage Fairy GB Wee peck stra Festty Please see Appendix for table notes Previously Mined Pit hey
Slide 40: Deer Cove
Deer Cove yp Stog'er Tight Pine Cove 2 Legend 1) ewreone ool Poet © owosts @ rose @ mite ® Neighoourng wines = Major Feutts: © 21 shoving Rock Samples (Au g/t) Tse aso Boss Boros <oa POWERED BY #*VRIFY
Slide 41: Capital Structure
CAPITAL STRUCTURE dicen 4) CAPITALIZATION? (I) KEY SHAREHOLDERS‘ Shares - Basic 384.1M Options & RSUs 8.2M ERIC SPROTT Warrants? 16.3M 19% Shares -—F.D. 408.6M O MERK LIBRA Share Price $3.02 7 Cee Market Cap $1.2B ake 52 Week High/Low $4.89/$1.51 md EDGEPOINT Average Daily Volume ~4M NI Earth Resour
Slide 42: Attractively Positioned
\ ATTRACTIVELY POSITIONED TenCeNBeetd Production Growth Benchmarked to Peer Group Estimated 2026 Gold Production (koz Au per annum) Market Capitalization (C$ billion) [50.3] $1.2] $2.0] $1.8] [S44] [si] $8.2) 87.9] 260 4 Integra New Found Gold (Phase 1) McEwen Hemio Wesdome New Found Gold (Phase 2)
Slide 43: Key Reasons to Invest
KEY REASONS TO INVEST EMERGING GOLD PRODUCER | STRONG GOLD PRICE ENVIRONMENT FASTRACKING PRODUCTION | DERISKING QUEENSWAY lim TOP 10 JURISDICTION" | (NEWFOUNDLAND CANADA ON EXPERIENCED TEAM OF EXPLORERS, MINE BUILDERS & OPERATORS | WELL FUNDED PROLIFIC PROPERTY PACKAGE | TREMENDOUS UPSIDE POTENTIAL
Slide 44: Contact
Vi) /\) NEWI — NEWFOUNDGOLD CONTACT Fiona Childe | Ph.D., P.Geo. VP, Communications & Corporate Development ®Q) +1-416-775-2700 & contact@newfoundgold.ca in) https://www.linkedin.com/company /newfound-gold-corp
Slide 45: Appendix
APPENDIX
Slide 46: Top Jurisdiction
TOP 10 JURISDICTION nenceneeeta NEWFOUNDLAND & LABRADOR CONSISTENTLY RANKED A TOP 10 JURISDICTION! a) GOVERNMENT {J PERMITTING Clear, timely provincial permitting process | Positive recent precedents Mining-supportive | Provincial government goal to build 5 new mines by 2030 oS WORKFORCE £ INFRASTRU
Slide 47: Queensway Overview
QUEENSWAY OVERVIEW ee 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 production? of 69.3koz oz Au at an AISC® of US$1,282/oz Au in Years 1 to 4 planned to fund Pha
Slide 48: 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 fo
Slide 49: Queensway Processing and Recovery
QUEENSWAY PROCESSING AND RECOVERY ee Metallurgical Test Work" Phases | & Il Summary: Crushing | * Based on phases 1 and 2, the PEA assumes an 92% recovery, with . = 4 48% of the gold reporting to doré, and 44% of the gold reporting to ae | concentrate. Grinding * Gold reporting to doré will be recov
Slide 50: 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 51: Hammerdown & Orion Block Model (Class)
Hammerdown & Orion Block Model (Class) Hammerdown Pit Orion Pit Block Model Class @ veasured © ndicatea @ wreres POWERED BY #*VRIFY
Slide 52: Hammerdown Block Model (Class)
Hammerdown Block Model (Class) POWERED BY #*VRIFY
Slide 53: Historic underground stopes mined at 8 g/t Au cutoff
Historic underground stopes were mined at a cutoff grade of 8 g/t Au. Material grading approximately 1.5 - 2 g/t Au was not processed and was utilized as backfill. Underground Development [| Historical Stopes POWERED BY #*VRIFY
Slide 54: Previously Mined Pit and Proposed Pits
Previously Mined Pit Previously Mined Pit £ Proposed Pits Block Model Class i | Inferred POWERED BY #*VRIFY
Slide 55: Hammerdown Life of Mine Model
aN . HAMMERDOWN LIFE OF MINE MODEL' NEWFOUNDGOED ‘Open pt ROM (004 4078 426 6973 7) 426 4001 2501 2490 25, (OP ROM Grade (tu 219 228 247 18 20 330 182 198 187 (OP Gold mined (o2 06,503 ei ann ner 7 2m ey ns 8.185 193808 ‘Us ROM (oce] Wa a a na va la a na va na Us ROM Grade (gt Au) na na la a a a a n
Slide 56: Non-GAAP Measures
NON-GAAP MEASURES a 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 Compa