New Found Gold Corp · TSX:NFGC
New Found Gold — Investor Presentation (March 2026)
56 slides from New Found Gold's investor presentation, March 2026
Slide 1: An Emerging Canadian Gold Producer
TSX-V: NYSE-A: aN NEWFOUNDGOLD AN EMERGING CANADIAN GOL) PRODUCER Corporate Presentation — March 2026
Slide 2: Disclaimer
D ISCLAIMER Newroun Gow Thig précontation, and the information contained heroin, has bacn provided to you by Now Found Gold Corp. (*New Found Gold”, “NFG", “NFGC” or tho “Company") solely fr information purposes. “Write the information conteined inthis presentation is believed tobe accurete, New Fou
Slide 3: The New Found Gold Advantage
\ \\ \\ \ \ | “ - THE NEW FOUND GOLD ADVANTAGE EONS 2? @, ° EMERGING GOLD PRODUCER | a 4 STRONG GOLD PRICE ENVIROMENT GO FASTRACKING PRODUCTION | DERISKING Nugget Pond Hydrometallurgical Gold Plant QUEENSWAY TOP 10 JURISDICTION | NEWFOUNDLAND CANADA ~ \ i ; , Ve [3/<3/| EXPERIENCED TEAM OF EXPLORERS
Slide 4: Directors & Senior Leadership
DIRECTORS & SENIOR LEADERSHIP New Found Gold has a new board and management team with a 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 1 Independent, 2 Lead Director William H
Slide 5: 2025 Accomplishments
ay NEWFOUNDGOLD \\ -\@” 2025 ACCOMPLISHMENTS © BUILT NEW LEADERSHIP TEAM Highly experienced board of directors with a depth of technical and financial knowledge Management team of mine builders and operators to complement its existing exploration strength @ COMPLETED 2025 QUEENSWAY WORK PROGRAM +74,
Slide 6: Key Assets
ay \V 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 permit
Slide 7: Queensway Development
QUEENSWAY DEVELOPMENT wewrounoso.n ? a Queensway Life of Mine Plan 250 200 ~C$155M ofinitial = = 3 capital unlocks Fae 3 average annual Fi % production of E10 3 172 koz Au 3 “ (Years 5-9) Ee < YR1 YR2 YR3 YRS YRS YRS YRT YR8 YR9 YR10 yr yR12 mmPhaso1 © mmPhaso2 © ™Phase3 ——=AISC — —®Total grade proc
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: Queensway Leverage to Gold Price
~ QUEENSWAY LEVERAGE TO GOLD PRICE Newrouo6oLD Queensway Offers Queensway PEA: After-Tax Economics High Leverage to Gold Price 8 é 2,000 197% 162% ¥ 100% of Revenue from Gold 136% v¥ $89MM increase in NPV5o, for sas 1,500 each US$100 increase in 1362 gold price 56% _ 1097 1008 : 1,000 920 831 a 743
Slide 10: 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 11: 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 12: 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 83 Reag09- Own aon. oow-SA A inecarghufindex ahs
Slide 13: 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 14: Slide 14
Slide 15: POWERED BY
POWERED BY “XVRIFY
Slide 16: MRE block model indicated and inferred resources
* 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 17: Keats & Iceberg excavations overlain 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 18: 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 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. 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 Nee NFGC-25-GC-008 12.85 g/t Au over 12.85 m 9.29 g/t Au over 15.40 m
Slide 21: Keats Grade Control Drill Results
POWERED BY *VRIFY Keats Grade Control Drill Results NFGC-25-GC-065} NFGC-25-GC-068 11.8 g/t Au over 9.95 m 40.3 g/t Au over 2.25 m NFGC-25-GC-071 16.9 gjt Au over 3.90 m
Slide 22: AFZ Core Mineral Resource Area
Slide 23: Site Infrastructure
iY Site Infrastructure © ~ bares abd Waste Management Facility ‘3 Proposed Buildings POWERED BY. #*VRIFY
Slide 24: UG Infrastructure & Stopes
UG Infrastructure & Stopes Keats South Keats Iceberg Dome Lotto Underground Development Breen Bom POWERED BY *VRIFY
Slide 25: Queensway Depth Potential
“a 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 26: 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 27: Dropkick Drill Results
‘11km N of AFZ Core POWERED BY *VRIFY Dropkick Drill Results NFGC-25-2403 4.54 g/t Au /19.00m NFGC-25-2408 4.55 g/t Au/28.55m NFGC-25-2329 8.64 g/t Au / 5.65m NFGC-25-2411 1.35 g/t Au/16.50m NFGC-25-2432 NFGC-25-2448. ' 2.96 g/t Au / 10.70m 7.20 g/t Au | 10.15m ‘. NFGC-25-2390 20.9 g/t Au] 11.10m NF
Slide 28: 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 29: AFZ Core
AFZ Core Boe LAS,
Slide 30: Greenwood Pond
Greenwood Pond Grab Senples - Avot S Movs Ouse ©. ao oe ese a ‘auls Pond Tren id /
Slide 31: Hammerdown & Pine Cove Overview
\ ay \ HAMMERDOWN & PINE COVE OVERVIEW NEWFOUNDGOLD oa HUB AND SPOKES MINE STRATEGY Tian RCAE RIAA 3 deposits - Hammerdown, Orion and Stog’er Tight - 0 7 ie centered around the Company’s Pine Cove Mill (@) STOG’ER TIGHT ® fown Z Y neweo eae” @rneceve} sas Fear AN) TWO PROPERTIES; ONE PROJECT \ Beirn
Slide 32: Hammerdown Mine Plan
\\ \ \ ay \\ \ « HAMMERDOWN MINE PLAN NEWFOUNDGOLD » Economics - Base case (US$3,656)? Hammerdown Gold Project Life of Mine Plan! 40 6000 After-tax NPVso, c$199.2M | LOM AISC ($/oz) US$2,429 / oz | Total After-Tax Free Cash Flow C$243.3M | Pr) 4500 2 | 5 > 3 . 8 2 . 2 » a0 At US$5,000 gold price, 3
Slide 33: Hammerdown District Potential
ay ~_ HAMMERDOWN DISTRICT POTENTIAL NEWFoUNDGOLD (@) DEER Cove } (A) STOG’ER TIGHT Road (@) PINE COVE ‘ARGYLE @) {MING MINE Fie) (AN PIEcove vi q HAMMERDOWN |’/ ase WHISKER VALLEY () [ HAMMERDOWN (i) (G@ Hammerdown Gold Project © Deposit @ Prospect / Historic Mine oO Mil — Trans-Canada Highway ® Cit
Slide 34: Hammerdown Resource Expansion Potential
LONG SECTION VIEW (LOOKING NORTH) ‘ HAMMERDOWN DEPOSIT CROSS SECTION VIEW (LOOKING WEST) PINE COVE HISTORIC MINE PRS \ \ HAMMERDOWN RESOURCE EXPANSION POTENTIAL ay NEWFOUNDGOLD SHALLOW RESOURCE GROWTH OPPORTUNITIES | Limited testing below 200 m VD across all advanced target areas OPEN FOR EXPANSION
Slide 35: Legend gee
« Legend gee Ser aarp ¥ & Hammerdown, Gold Project @) 4 ve 5 Pine Cove Mi aaa FireFly Metals Property ~ ce a / he New Found Gold Assets j ; cae: f ag ,Citiess + Al occurrence BPR Nugget Pond cP “—— Roar y — Trans-Canada Highway / Pet ie es * ey r L3 Hammerdown Deposit A gee, LE POWERED BY *VRIFY
Slide 36: POWERED BY
POWERED BY *VRIFY
Slide 37: Infrastructure
Infrastructure look Model Class (0) sening ponds WB wrerstzesscctpe z Seater Sookie Hammerdown Deposit Pit -— orgrio toate | | oveuntan StrageFasity ee aes | Ooear \ POWERED BY #*VRIFY
Slide 38: Infrastructure
Slide 39: Block Model Class and Infrastructure
POWERED BY *VRIFY "Block Model Class Breve Infrastructure Sys Bratz stra overture scrape Fatty Gh entre Inferred Please see Appendix for table notes Previously Mined Pit
Slide 40: Deer Cove
POWERED BY *VRIFY Deer Cove Legend (0) ererdonn Gold oct ® voposts @ rreweone Pee “ @ mm . Neighbouring Mines. ee ae L "i i) g ge fr. Major Fours Ais = wmisker Valley © 014 shovinge Rock Samples (AU g/t) fn oto of a0 Mose Bores <oa
Slide 41: Capital Structure
\\ \ \ \ \ aN \ CAPITAL STRUCTURE NEWFOUNDGOLD » (I. CAPITALIZATION" 4) KEY INSTITUTIONAL SHAREHOLDERS‘ Shares - Basic 345.2M Options & RSUs 9.3M Se Warrants? 13.8M incrementinTt Q M E RK Shares -F.D. 367.3M Share Price $2.66 ” $01eM @investments G1 T.RowePrice Market Cap 52 Week High $4.89 52 Week
Slide 42: Attractively Positioned
ATTRACTIVELY POSITIONED NewroL NDGOLD Production Growth Benchmarked to Peer Group Estimated 2026 Gold Production (koz Au per annum) Market Capitalization (C$ 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 43: Key Reasons to Invest
ay KEY REASONS TO INVEST NEWFOUNDGOLD EMERGING GOLD PRODUCER | STRONG GOLD PRICE ENVIROMENT FASTRACKING PRODUCTION | DERISKING QUEENSWAY TOP 10 JURISDICTION | NEWFOUNDLAND CANADA EXPERIENCED TEAM OF EXPLORERS, MINE BUILDERS & OPERATORS | WELL FUNDED PROLIFIC PROPERTY PACKAGE | TREMENDOUS UPSIDE POTE
Slide 44: 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 45: Appendix
APPENDIX
Slide 46: Top Jurisdiction
“TOP 10 JURISDICTION vevrotpeow NEWFOUNDLAND & LABRADOR CONSISTENTLY RANKED A TOP 10 JURISDICTION! a) GOVERNMENT hers PERMITTING Clear, timely provincial permitting process | Positive recent precedents Mining-supportive | Provincial government goal to build 5 new mines by 2030 & WORKFORCE £ INFRASTR
Slide 47: Queensway Overview
QUEENSWAY OVERVIEW veweo! ogoup 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 t
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 f
Slide 49: 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 50: Hammerdown Deposit Updated MRE
\WV > ra Hammerdown Deposit Updated MRE (effective date January 22, 2026) . Tonnage Grade Contained Oz Measured 271 8.24 72 Indicated 1,823 1.96 115 “ Hammerdown'| OpenPit | Total Measured & Zoos ag a Indicated Inferred 973 2.59 81 Hommordonn MRE Notes: 1. Thedineral Resources described above have b
Slide 51: Hammerdown & Orion Block Model (Class)
Hammerdown & Orion Block Model (Class) Hammerdown Pit Orion Pit Block Model Class : © Measured a © ndicatea @ vvterres POWERED BY *VRIFY
Slide 52: Hammerdown Block Model (Class)
Hammerdown Block Model (Class) " Block Model Class @ Measured © indicatea @ Inferred 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. f Underground Development @ Historical Stopes POWERED BY *VRIFY
Slide 54: Previously Mined Pit
Previously Mined Pit Previously Mined Pit / Proposed Pits Block Model Class @ intered POWERED BY *VRIFY
Slide 55: Hammerdown Life of Mine Model
\\ ay « HAMMERDOWN LIFE OF MINE MODEL’ NEWFOUNDGOLD \V ‘Open pt ROM (004 4078 4206 5979 6529 65) 670) 6500 +28 2501 2490 285 (OP ROM Grado (at Au 219 228 247 249 208 158 185 ant 182 198 187 (OP Gold mined (02 306,593 2607 4178 36,355, 278 ‘err 8,189 27 o 22305 18.185 193508 12534 Us ROM (004 a a a a
Slide 56: 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 IFRS and should not be considered in isola