Mr. Jeremy Prinsen reports

NEWFOUNDLAND DISCOVERY CLOSES DEBT SETTLEMENT TRANSACTION

Newfoundland Discovery Corp., further to its news release dated March 6, 2026, has closed on the debt settlement transaction to settle $414,000 in debt with certain creditors.

Pursuant to the debt settlement, the company has issued units at a price of nine cents per unit. Each unit consists of one common share in the capital of the company and one transferable share purchase warrant. Each warrant is exercisable to acquire one additional share at an exercise price of 12 cents per share for a period of four years from the date of issuance.

All securities issued in connection with the debt settlement are subject to a statutory hold period of four months plus a day expiring on July 14, 2026, in accordance with applicable securities legislation.

About Newfoundland Discovery Corp.

Newfoundland Discovery is a Canadian junior mining exploration company, with a primary focus on the exploration and development of mineral assets in active Canadian mining districts. The company's portfolio of projects includes lithium prospects in the Hearst, Ont., district, a portfolio of precious and base metal projects in Newfoundland, and a strategic early-mover foothold on projects in the Detour Lake gold mine district of Ontario.

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