New Found Gold (NFG) 38th Annual Roth Conference summary

Strategic vision and management changes

• New management team with a focus on mine building and operational turnaround was installed, shifting from exploration to production and cash flow generation.

• Acquisition of Maritime Resources provided access to a mill and the Hammerdown deposit, accelerating production timelines by several years.

• Leadership emphasizes capital efficiency, community engagement, and leveraging government support for permitting and development.

• The project is positioned as a generational asset with a long-term, phased development plan.

Project scale, geology, and exploration

• The property spans 110 km along two major fault zones, with multiple high-grade gold deposits identified and significant underexplored potential.

• Intensive drilling at 5m-by-5m centers has confirmed strong continuity of high-grade shoots, improving resource confidence.

• New discoveries like Dropkick on the JBP fault have yielded spectacular grades, supporting future production profile extensions.

• The geology is analogous to major gold camps, with mineralization open at depth and along strike.

Development phases and production plan

• Phase 1 targets a small, high-grade open pit mine (700 tpd), with ore processed at the acquired Pine Cove mill, enabling production by end of next year.

• Hammerdown mine will provide early cash flow to fund Queensway development, with a 12-year mine life and higher grades in initial years.

• Phase 2 involves constructing a mill at Queensway, funded by cash flow from Phase 1 and supported by a $75 million debt facility.

• The plan includes both open pit and underground mining, with underground ramps to be developed as resource definition advances.