Plan of arrangement

The TSX Venture Exchange has accepted for filing documentation in connection with an arrangement agreement between New Found Gold Corp. and Maritime Resources Corp. dated Sept. 4, 2025. Pursuant to the agreement, New Found Gold has agreed to acquire all of the issued and outstanding common shares of Maritime by way of a plan of arrangement under the provisions of the Business Corporations Act (British Columbia). Under the agreement, each Maritime shareholder will be entitled to receive 0.75 of a common share of New Found Gold for each Maritime share held. New Found Gold will issue an aggregate of 94,254,209 shares to Maritime shareholders (other than NFG).

The exchange has been advised that approval of the transaction by the Maritime shareholders was received at an annual general and special meeting of shareholders and optionholders held on Nov. 5, 2025, and that approval of the transaction was received from the British Columbia Supreme Court on Nov. 7, 2025. The transaction was completed on Nov. 13, 2025. The full particulars of the Transaction are set forth in the management information circular of Maritime, dated as of Oct. 1, 2025, and the closing news release dated Nov. 13, 2025, which are available on SEDAR+.

Postarrangement capitalization of New Found Gold

Capitalization:  unlimited common shares with no par value, of which 337,380,934 shares are issued and outstanding

Escrow:  nil shares

Transfer agent:  Computershare Investor Services Inc.

Trading symbol:  NFG (no change)

Cusip No.:  64440N 10 3 (no change)

Delisting

Pursuant to a directors resolution dated Sept. 4, 2025, and in conjunction with the closing of the transaction, Maritime has requested that its common shares be delisted. Accordingly, effective at the close of business, Nov. 13, 2025, the common shares of Maritime will be delisted from the exchange.