Dundee Corporation Announces Acquisition of Shares of New Found Gold Corp.

Executive Summary

• Dundee Corporation acquired 36,722,569 common shares and 7,655,829 warrants of New Found Gold Corp., giving it approximately a 10.88% undiluted (12.86% partially diluted) ownership stake.
• The acquisition was made for investment purposes; Dundee may consider further purchases or disposals based on market conditions and the Issuer’s performance.
• The transaction triggers filing of an early‑warning report under NI 62‑103, which will be posted on SEDAR.

Key Details

• Securities Acquired: 36,722,569 common shares + 7,655,829 warrants of New Found Gold Corp. (TSXV: NVG / NYSE‑A: NFGC).
• Ownership Percentage: ~10.88% on an undiluted basis; ~12.86% on a partially diluted basis.
• Prior Position: Dundee held no shares or warrants of the Issuer before this transaction.
• Purpose: Investment intent – Dundee will continuously monitor price, availability, and developments related to New Found Gold Corp. for possible additional purchases or future sale.
• Regulatory Filing: Early warning report required under National Instrument 62‑103; to be filed on SEDAR (www.sedarplus.ca) under the Issuer’s profile.
• Contact for Report: Dundee Corporation Legal Department, 80 Richmond Street West, Suite 2000, Toronto, ON M5H 2A4, Tel (416) 365‑5172.

Notable Quotes

• “Dundee acquired the securities of the Issuer for investment purposes only… Based upon these and other factors, Dundee may decide to purchase additional securities of the Issuer or may decide in the future to sell all or part of its investment.” – Dundee Corporation (statement from release)