# EDGAR Filing Document

**Accession Number:** 0001840616
**File Stem:** 0001104659-26-047554
**Filing Date:** 2026-4
**Character Count:** 244185
**Document Hash:** 3d3c31e1ea879a08a1fd8c12f7db4414
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-047554.hdr.sgml**: 20260423

**ACCESSION NUMBER**: 0001104659-26-047554

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 19

**CONFORMED PERIOD OF REPORT**: 20260422

**FILED AS OF DATE**: 20260423

**DATE AS OF CHANGE**: 20260423

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** New Found Gold Corp.
- **CENTRAL INDEX KEY:** 0001840616
- **STANDARD INDUSTRIAL CLASSIFICATION:** GOLD & SILVER ORES [1040]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 000000000
- **STATE OF INCORPORATION:** A1
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-39966
- **FILM NUMBER:** 26887361

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 20 ADELAIDE ST. E
- **STREET 2:** SUITE 603
- **CITY:** TORONTO
- **NON US STATE TERRITORY:** CANADA
- **PROVINCE COUNTRY:** A6
- **ZIP:** M5C 2T6
- **BUSINESS PHONE:** 845-535-1486

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 20 ADELAIDE STREET EAST
- **STREET 2:** SUITE 603
- **CITY:** TORONTO
- **NON US STATE TERRITORY:** CANADA
- **PROVINCE COUNTRY:** A6
- **ZIP:** M5C 2T6

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**Form 6-K**

**REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE<br> SECURITIES EXCHANGE ACT OF 1934**

For the month of **April 2026**

Commission File Number: **001-39966**

---

| |
|:---|
| &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;(Exact name of registrant as specified in its charter) |
| &nbsp;&nbsp; <br> **1133 Melville Street, Suite 3500<br> Vancouver, British Columbia<br> V6E 4E5 Canada** |
| &nbsp;&nbsp;(Address of principal executive office) |

---

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or 40-F:

Form 20-F ◻ Form 40-F ⌧

**INCORPORATION BY REFERENCE**<br>Exhibits 99.1 through 99.16 to this Form 6-K are incorporated by reference as additional exhibits to the registrant's Registration Statement on [Form F-10 (File No. 333-287547)](https://www.sec.gov/Archives/edgar/data/1840616/000110465925052357/tm2515011d1_f10.htm).<br>

**EXHIBIT INDEX**

---

| | |
|:---|:---|
| **Exhibit** | **Description** |
| [99.1](tm2612192d6_ex99-1.htm) | [Underwriting Agreement dated April 22, 2026.](tm2612192d6_ex99-1.htm) |
| [99.2](tm2612192d6_ex99-2.htm) | [Consent of Pierre Landry, P. Geo.](tm2612192d6_ex99-2.htm) |
| [99.3](tm2612192d6_ex99-3.htm) | [Consent of Lance Engelbrecht, P.Eng.](tm2612192d6_ex99-3.htm) |
| [99.4](tm2612192d6_ex99-4.htm) | [Consent of David M. Robson, P.Eng.](tm2612192d6_ex99-4.htm) |
| [99.5](tm2612192d6_ex99-5.htm) | [Consent of Stephen Coates, P.Eng.](tm2612192d6_ex99-5.htm) |
| [99.6](tm2612192d6_ex99-6.htm) | [Consent of Christian Beaulieu, P.Geo.](tm2612192d6_ex99-6.htm) |
| [99.7](tm2612192d6_ex99-7.htm) | [Consent of Michael Levy, P.Eng.](tm2612192d6_ex99-7.htm) |
| [99.8](tm2612192d6_ex99-8.htm) | [Consent of Chafana Hamed Sako, P.Geo.](tm2612192d6_ex99-8.htm) |
| [99.9](tm2612192d6_ex99-9.htm) | [Consent of James Guiraud, P.Geo.](tm2612192d6_ex99-9.htm) |
| [99.10](tm2612192d6_ex99-10.htm) | [Consent of Stacy J. Freudigmann, P.Eng.](tm2612192d6_ex99-10.htm) |
| [99.11](tm2612192d6_ex99-11.htm) | [Consent of Sheldon H. Smith, P.Geo.](tm2612192d6_ex99-11.htm) |
| [99.12](tm2612192d6_ex99-12.htm) | [Consent of J. Alex Mcintyre, P.Eng.](tm2612192d6_ex99-12.htm) |
| [99.13](tm2612192d6_ex99-13.htm) | [Consent of Neil J. Lincoln, P.Eng.](tm2612192d6_ex99-13.htm) |
| [99.14](tm2612192d6_ex99-14.htm) | [Consent of Dachun (David) Jin, P.Eng.](tm2612192d6_ex99-14.htm) |
| [99.15](tm2612192d6_ex99-15.htm) | [Consent of William Richard McBride, P.Eng.](tm2612192d6_ex99-15.htm) |
| [99.16](tm2612192d6_ex99-16.htm) | [Consent of Consent of Keith Boyle, P.Eng.](tm2612192d6_ex99-16.htm) |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on behalf by the undersigned, thereunto duly authorized.

---

| | | | |
|:---|:---|:---|:---|
|  |  | **NEW FOUND GOLD CORP.** | **NEW FOUND GOLD CORP.** |
|  |  | (Registrant) | (Registrant) |
| Date: | April 23, 2026 | By: | */s/ Keith Boyle* |
|  |  |  | Keith Boyle |
|  |  |  | Chief Executive Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

***Execution Version***

**UNDERWRITING AGREEMENT**

April 22, 2026

New Found Gold Corp.

603 – 20 Adelaide Street East

Toronto, Ontario M5C 2T6

Canada

---

| | |
|:---|:---|
| **Attention:** | **Keith Boyle, Chief Executive Officer** |

---

Dear Mr. Boyle:

The undersigned, BMO Nesbitt Burns Inc. and SCP Resource Finance LP, as joint lead underwriters and joint bookrunners (the "**Lead Underwriters**"), along with Canaccord Genuity Corp., National Bank Financial Inc., Paradigm Capital Inc., Roth Canada, Inc., ATB Capital Markets Corp., Beacon Securities Limited, CIBC World Markets Inc., Desjardins Securities Inc., and Stifel Nicolaus Canada Inc. (each, and including the Lead Underwriters, an "**Underwriter**" and collectively, the "**Underwriters**") understand that New Found Gold Corp. (the "**Company**") proposes to issue and sell to the Underwriters 33,800,000 Common Shares (as defined below) (the "**Offered Shares**") at a price of $2.96 per Offered Share (the "**Offering Price**") for aggregate gross proceeds of $100,048,000. The Offering Documents (as defined below) qualify the issuance of the Offered Securities (as defined below).

The Company hereby grants to the Underwriters (in accordance with the respective percentages set forth in Section 8.1 of this Agreement) an option (the "**Over-Allotment Option**"), entitling the Underwriters to purchase up to an additional 5,070,000 Common Shares (each an "**Additional Share**") at the Offering Price for the purpose of covering the Underwriters' over-allocation position, for aggregate gross proceeds of $15,007,200, assuming the full exercise of the Over-Allotment Option. The Over-Allotment Option shall be non-assignable and shall be exercisable, in whole or in part, at any time, and from time to time for up to 30 days after the Closing Time (as defined below), at the sole discretion of the Underwriters. The offering of the Offered Shares and any Additional Shares by the Company described in this Agreement is hereinafter referred to as the "**Offering**".

Where applicable, references to "**Offered Securities**" in this Agreement shall mean the Offered Shares and/or the Additional Shares.

Based on the foregoing, and subject to the terms and conditions contained in this Agreement, the Underwriters, severally, and neither jointly nor jointly and severally, agree to purchase from the Company, in the percentages set forth in Section 8.1 of this Agreement, and, by its acceptance hereof, the Company agrees to sell to the Underwriters all but not less than all of the Offered Shares at the Closing Time (as defined below) at the Offering Price for each Offered Share and each Additional Share.

Subject to applicable laws and without affecting the firm obligation of the Underwriters to purchase the Offered Securities from the Company at the Offering Price in accordance with this Agreement, after the Underwriters have made reasonable efforts to sell all of the Offered Securities offered hereby at the Offering Price, the offering price to the public may be decreased and further changed from time to time to an amount not greater than the applicable Offering Price. Such decrease or other change in the offering price to the public will not affect the amount of the proceeds of the Offering of the Offered Securities to the Company, or the amount of the Underwriters' Fee (as defined below) payable pursuant to Section 10.3. The Underwriters will promptly inform the Company if any offering price to the public is decreased or otherwise changed.

The gross proceeds of the Offering shall be used as set forth in the Final Prospectus (as defined below) under the heading "**Use of Proceeds**". In consideration of the Underwriters' agreement to purchase the Offered Shares and Additional Shares (if applicable) and the other services to be rendered in connection with the Offering, the Company shall pay to the Lead Underwriters, for and on behalf of all of the Underwriters, a cash fee (the "**Underwriters**' **Fee**") in an amount equal to the sum of: (i) 5.25% of the gross proceeds received by the Company from the issue and sale of the Offered Shares and any Additional Shares, other than the gross proceeds raised from certain sales pursuant to a president's list (the "**President**'**s List Sales**"); and (ii) 1.0% of the gross proceeds raised from President's List Sales which shall not exceed $21 million of the gross proceeds from the Offering, payable in cash from the general working capital of the Company.

The Company has prepared and filed a final short form base shelf prospectus dated May 23, 2025 (the "**Canadian Base Prospectus**"), qualifying the distribution of up to US$300,000,000 aggregate principal amount of common shares, warrants, subscription receipts, units, debt securities and share purchase contracts of the Company (collectively, the "**Shelf Securities**") with the British Columbia Securities Commission (the "**Reviewing Authority**") and the other Commissions (as defined below); the Reviewing Authority has issued a receipt under National Policy 11-202 – *Process for Prospectus Reviews in Multiple* Jurisdictions (a "**Receipt**") in respect of the Canadian Base Prospectus. The Company is qualified to distribute the Shelf Securities in each of the Canadian Qualifying Jurisdictions (as defined below) under the Canadian Base Prospectus pursuant to Canadian Securities Laws (as defined below), including the rules and procedures established pursuant to NI 44-101 (as defined below) and NI 44-102 (as defined below) (together, the "**Canadian Shelf Procedures**"). The preliminary Canadian prospectus supplement (the "**Preliminary Canadian Prospectus Supplement**") relating to the offering of the Offered Securities, which excludes certain pricing information and other final terms of the Offered Securities and which has been filed with the Reviewing Authority in accordance with the Canadian Shelf Procedures and the other Canadian Securities Laws on April 20, 2026, together with the Canadian Base Prospectus, including all documents incorporated therein by reference, is hereinafter referred to as the "**Canadian Preliminary Prospectus**", and the final Canadian prospectus supplement (the "**Canadian Prospectus Supplement**") relating to the offering of the Offered Securities, which includes the pricing and other information omitted from the Canadian Preliminary Prospectus, to be dated the date hereof and filed with the Reviewing Authority in accordance with the Canadian Shelf Procedures, together with the Canadian Base Prospectus, including all documents incorporated therein by reference, is hereinafter referred to as the "**Canadian Final Prospectus**".

The Company meets the general eligibility requirements for use of Form F-10 under the U.S. Securities Act (as defined below) for the purposes of the offering of securities. The Company has filed with the SEC (as defined below) a registration statement on Form F-10 (No. 333-287547) in respect of the Shelf Securities and has filed an appointment of agent for service of process upon the Company on Form F-X (the "**Form F-X**") with the SEC in conjunction with the filing of the Registration Statement (as defined below). The Canadian Base Prospectus, including all documents incorporated therein by reference, any supplements or amendments thereto and with such deletions therefrom and additions or changes thereto as are permitted or required by Form F-10 and the applicable rules and regulations of the SEC, in the form included in such Form F-10 is hereinafter referred to as the "**U.S. Base Prospectus**". The Company has also prepared and filed with the SEC the Canadian Preliminary Prospectus pursuant to General Instruction II.L of Form F-10 under the U.S. Securities Act, with such deletions therefrom and additions or changes thereto as are permitted or required by Form F-10 and the applicable rules and regulations of the SEC and including all documents incorporated therein by reference (together with the U.S. Base Prospectus, the "**U.S. Preliminary Prospectus**"). The Company will prepare and file with the SEC as promptly as possible, and in any event with the SEC within one business day following the filing of the Canadian Final Prospectus, the Canadian Final Prospectus pursuant to General Instruction II.L of Form F-10 under the U.S. Securities Act, with such deletions therefrom and additions or changes thereto as are permitted or required by Form F-10 and the applicable rules and regulations of the SEC and including all documents incorporated therein by reference (together with the U.S. Base Prospectus, the "**U.S. Final Prospectus**").

As used herein, **"Registration Statement**" shall mean the registration statement on Form F-10, including the U.S. Final Prospectus, each as amended or supplemented, and the exhibits thereto and the documents incorporated by reference therein, in the form in which it became effective; "**Base Prospectus**" shall mean, collectively, the Canadian Base Prospectus and the U.S. Base Prospectus, "**Preliminary Prospectus**" shall mean, collectively, the Canadian Preliminary Prospectus and the U.S. Preliminary Prospectus; and "**Final Prospectus**" shall mean, collectively, the Canadian Final Prospectus and the U.S. Final Prospectus. Any reference in this Agreement to the Registration Statement, the Base Prospectus, the Preliminary Prospectus or the Final Prospectus shall be deemed to refer to and include the documents incorporated by reference therein as of the date hereof. The terms "**supplement**," "**amendment**," and "**amend**" as used herein with respect to the Registration Statement, the Base Prospectus, the Pricing Disclosure Package (as defined below), the Preliminary Prospectus or the Final Prospectus shall include all documents subsequently filed or furnished by the Company with or to the Commissions and the SEC pursuant to the U.S. Exchange Act (as defined below), that are deemed to be incorporated by reference therein.

The U.S. Preliminary Prospectus, as supplemented by the Issuer Free Writing Prospectuses (as defined below), if any, and the information listed in Schedule "D" hereto, taken together, are hereinafter referred to collectively as the "**Pricing Disclosure Package**". For purposes of this Agreement, the "**Applicable Time**" is 11:15 a.m. (Vancouver time) on April 20, 2026.

The Underwriters agree that (i) any offers or sales of the Offered Securities in Canada will be conducted through the Underwriters, or one or more affiliates of the Underwriters, duly registered in compliance with applicable Canadian Securities Laws and (ii) any offers or sales of the Offered Securities in the United States will be conducted through the Underwriters, or one more U.S. Affiliates (as defined below), duly registered as a broker-dealer in compliance with applicable U.S. Securities Laws (as defined below) and the requirements of Financial Industry Regulatory Authority, Inc. ("**FINRA**").

The additional terms and conditions of this underwriting agreement (the "**Agreement**") are set forth below.

**1.** **DEFINITIONS** 

1.1 In this
 Agreement, including any schedules forming a part of this Agreement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) "**Acts** "
 means the Securities Acts or equivalent securities regulatory legislation of the Canadian
 Qualifying Jurisdictions and "**Act**" means the Securities Act or equivalent
 securities regulatory legislation of a specified Canadian Qualifying Jurisdiction;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) "**Additional Shares**" means the up to 5,070,200 Common Shares issuable if the Over-Allotment
 Option is exercised;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) "**Ancillary Documents**" means all agreements, certificates (including the certificates representing
 the Offered Securities), officer's certificates, notices and other documents executed
 and delivered, or to be executed and delivered, by the Company in connection with the Offering
 and/or pursuant to this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) "**Anti-Money Laundering Laws**" has the meaning given to that term in Schedule 5.1(nn);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) "**Applicable Securities Laws**" means Canadian Securities Laws and U.S. Securities Laws, collectively;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) "**Applicable Time**" has the meaning given to that term on the face page of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) "**Base Prospectus**" has the meaning given to that term on the face page of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) "**Canadian Base Prospectus**" has the meaning given to that term on the face page of this
 Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) "**Canadian Final Prospectus**" has the meaning given to that term on the face page of this
 Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) "**Canadian Offering Documents**" means each of the Canadian Preliminary Prospectus and the Canadian
 Final Prospectus, including any Supplementary Material;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) "**Canadian Preliminary Prospectus**" has the meaning given to that term on the face page of
 this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) "**Canadian Prospectus Supplement**" has the meaning given to that term on the face page of
 this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) "**Canadian Securities Laws**" means, collectively, and, as the context may require, the Acts
 and Regulations and the rules, policies, instruments, notices and orders issued by the applicable
 Regulatory Authorities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) "**Canadian Qualifying Jurisdictions**" means all of the provinces and territories of Canada
 (except Quebec and Nunavut), and such other jurisdictions to which the Underwriters and the
 Company may agree and "Canadian Qualifying Jurisdiction" means any one of them;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) "**CFPOA** "
 has the meaning given to that term in Schedule 5.1(rr);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p) "**Claim** "
 has the meaning given to that term in Section 12.1;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q) "**Closing** "
 and "**Closing Date**" have the meanings given to those terms in Section 10.1;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(r) "**Closing Materials**" has the meaning given to that term in subsection 6.1(k)(xi) hereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(s) "**Closing Time**" means 5:00 a.m. (Vancouver time) on the Closing Date or such other
 time as may be agreed to by the Company and the Underwriters, or in the case of the Option
 Closing, 5:00 a.m. (Vancouver Time) or such other time as may be agreed to by the
 Company and the Underwriters on the Over-Allotment Closing Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(t) "**Commissions** "
 means the securities regulatory authorities (other than stock exchanges) of the Canadian
 Qualifying Jurisdictions and "**Commission**" means the securities regulatory
 authority of a specified Canadian Qualifying Jurisdiction;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(u) "**Common Shares**" means the common shares, without par value, in the authorized share structure
 of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) "**Company** "
 means New Found Gold Corp., a company continued under the laws of the Province of British
 Columbia;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(w) "**Company Contracts**" has the meaning given to that term in Schedule 5.1(ee) hereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) "**Continuous Disclosure Materials**" has the meaning given to that term in Schedule 5.1(j) hereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(y) "**Distribution** "
 (or "**distribute**" as derived therefrom or "**distribution to the public**") each has the meaning given to such term as defined in the Applicable Securities
 Laws;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(z) "**Employee Plans**" means any (i) pension, retirement, deferred compensation, savings,
 profit-sharing, stock option, stock purchase, bonus, incentive, vacation pay, severance pay,
 supplemental unemployment benefit, employee assistance, death benefit or other employee or
 post-retirement benefit plan, trust, arrangement, contract, agreement, policy or commitment
 (including any arrangement to provide pension benefits in excess of the maximum amounts which
 are allowed under the Tax Act to be provided through a registered pension plan) from which
 present or former employees, officers and directors, individuals working on contract with
 the Company or individuals providing services to the Company of a kind normally performed
 by employees benefit or have the potential to benefit, or (ii) group or individual insurance
 policy or coverage (including self-insured coverage) for accident and sickness or life insurance
 (including any individual insurance policy under which any present or former employee, officer
 or director of the Company, as applicable, is the named insured and as to which the Company
 makes premium payments, whether or not the Company is the owner, beneficiary or both of that
 policy), or other insured or covered expense reimbursement coverage, from which present or
 former employees, officers or directors of the Company benefit or have the potential to benefit;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(aa) "**Environmental Laws**" has the meaning given to that term in Schedule 5.1(ppp) hereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(bb) "**FCPA** "
 has the meaning given to that term in Schedule 5.1(rr);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(cc) "**Final Receipt**" means the receipt issued by the Reviewing Authority, as principal regulator
 under NP 11-202, evidencing that a receipt has been, or has been deemed to be, issued for
 the Canadian Base Prospectus in each of the Canadian Qualifying Jurisdictions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(dd) "**Final Prospectus**" has the meaning given to that term on the face page of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ee) "**Financial Information**" means the information under the heading "**Consolidated Capitalization** ",
 incorporated by reference into the Prospectuses;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ff) "**Financial Statements**" means the Company's audited annual financial statements as at
 and for the years ended December 31, 2025 and 2024, comprised of the statements of financial
 position as at December 31, 2025 and December 31, 2024 and the statements of loss
 and comprehensive loss, cash flows and changes in equity for the years then ended, and notes
 to the financial statements, including a summary of significant accounting policies, and
 the associated independent auditor's report, filed on March 25, 2026;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(gg) "**FINRA** "
 has the meaning given to that term on the face page of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(hh) "**Form F-X** "
 has the meaning given to that term on the face page of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) "**Governmental Authority**" means governments, regulatory authorities, governmental departments,
 agencies, stock exchanges, commissions (including the Commissions and the SEC), bureaus,
 officials, ministers, crown corporations, courts, bodies, boards, tribunals or dispute settlement
 panels or other law, rule or regulation-making organizations or entities (i) having
 or purporting to have jurisdiction on behalf of any nation, province, territory or state
 or any other geographic or political subdivision of any of them, or (ii) exercising,
 or entitled or purporting to exercise any administrative, executive, judicial, legislative,
 policy, regulatory or taxing authority or power;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(jj) "**Governmental Licenses**" has the meaning given to that term in Schedule 5.1(xx) hereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(kk) **"Hammerdown Gold Project"** means the Company's Hammerdown Project owned by the Material
 Subsidiary and located in Newfoundland and Labrador, Canada;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ll) "**Hammerdown Gold Project Technical Report**" means the NI 43-101 technical report on the Hammerdown
 Gold Project titled "*Hammerdown Gold Project: Preliminary Economic Assessment Technical Report*: *Newfoundland & Labrador, Canada*" with an effective date
 of February 18, 2026;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(mm) "**Hazardous Materials**" has the meaning given to that term in Schedule 5.1(ppp) hereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(nn) "**IFRS** "
 means International Financial Reporting Standards, as issued by the International Accounting
 Standards Board and as adopted by the Canadian Institute of Chartered Accountants;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(oo) "**Indemnified Parties**" has the meaning given to that term in section 12.1 hereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(pp) "**Intellectual Property**" has the meaning given to that term in Schedule 5.1(uu) hereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(qq) "**Investment Company Act**" has the meaning given to that term in Schedule 5.1(dddd);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(rr) "**Issuer Free Writing Prospectus**" means an "issuer free writing prospectus"
 as defined in Rule 433 under the U.S. Securities Act relating to the Offered Securities
 that (i) is required to be filed with the SEC by the Company, (ii) is a "road
 show that is a written communication" within the meaning of Rule 433(d)(8)(i) under
 the U.S. Securities Act whether or not required to be filed with the SEC or (iii) is
 exempt from filing pursuant to Rule 433(d)(5)(i) under the U.S. Securities Act
 because it contains a description of the Offered Securities or of the Offering that does
 not reflect the final terms, in each case in the form filed or required to be filed with
 the SEC or, if not required to be filed, in the form retained in the Company's records
 pursuant to Rule 433(g) under the U.S. Securities Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ss) "**Lead Underwriters**" has the meaning given to that term on the face page of this
 Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(tt) "**Lien** "
 means any mortgage, charge, pledge, hypothec, claim, security interest, assignment, lien
 (statutory or otherwise), defect, restriction on transfer, restrictive covenant or other
 encumbrance of any nature, including any arrangement or condition which, in substance, secures
 payment or performance of an obligation, or any contract or agreement to create any of the
 foregoing;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(uu) "**Lock-Up Agreements**" has the meaning given to that term in subsection 6.1(n) hereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vv) "**material adverse effect**" means (i) the effect resulting from any event or change which
 is materially adverse to the business, affairs, capital, operations, property rights or assets,
 liabilities (contingent or otherwise) of the Company, or which event or change would reasonably
 be expected to have a significant negative effect on the market price or value of the Common
 Shares or (ii) any fact, event or change that would result in any Offering Document
 containing a misrepresentation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ww) "**material change**" means a material change in or relating to the Company for the purposes
 of Applicable Securities Laws or any of them, or where undefined under the Applicable Securities
 Laws of an Offering Jurisdiction means a change in or relating to the business, operations
 or capital of the Company and its subsidiaries taken as a whole that would reasonably be
 expected to have a significant effect on the market price or value of any securities of the
 Company and includes a decision to implement such a change made by the board of directors
 of the Company or by senior management who believe that confirmation of the decision by the
 board of directors of the Company is probable;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xx) "**material fact**" means a material fact for the purposes of Applicable Securities Laws or any
 of them, or where undefined under the Applicable Securities Laws of an Offering Jurisdiction
 means a fact that would reasonably be expected to have a significant effect on the market
 price or value of any securities of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(yy) **"Material Subsidiary"** means Maritime Resources Corp., a company incorporated under the laws
 of the Province of British Columbia;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(zz) "**Mining Claims**" has the meaning given to that term in Schedule 5.1(aaa) hereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(aaa) "**misrepresentation** "
 means a misrepresentation for the purposes of the Applicable Securities Laws of an Offering
 Jurisdiction or any of them, or where undefined under the Applicable Securities Laws of an
 Offering Jurisdiction means: (i) an untrue statement of a material fact, or (ii) an
 omission to state a material fact that is required to be stated or that is necessary to make
 a statement not misleading in the light of the circumstances in which it was made;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(bbb) "**Named Executive Officers**" means as of the date of this Agreement, the Chief Executive
 Officer, the Chief Financial Officer and each of the three most highly compensated executive
 officers, other than the Chief Executive Officer and Chief Financial Officer who were serving
 as executive officers at the end of the most recently completed financial year and whose
 total salary and bonus exceeds $150,000 as well as any additional individuals for whom disclosure
 would have been provided except that the individual was not serving as an officer of the
 Company at the end of the Company's most recently completed financial year end;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ccc) "**NI 41-101**" means National Instrument 41-101 – *General Prospectus Requirements*;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ddd) "**NI 43-101**" means National Instrument 43-101 – *Standards of Disclosure for Mineral Projects*;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(eee) "**NI 44-101**" means National Instrument 44-101 – *Short Form Prospectus Distributions*;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(fff) "**NI 44-102**" means National Instrument 44-102 – *Shelf Distributions*;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ggg) "**NI 51-102**" means National Instrument 51-102 – *Continuous Disclosure Obligations*;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(hhh) "**NI 52-109**" means National Instrument 52-109 – *Certification of Disclosure in Issuers' Annual and Interim Filings*;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) "**NP 11-202**" means National Policy 11-202 – *Process for Prospectus Reviews in Multiple Jurisdictions*;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(jjj) "**NYSE American**" means the NYSE American LLC;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(kkk) "**Offered Securities**" has the meaning given to that term on the face page of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(lll) "**Offered Shares**" has the meaning given to that term on the face page of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(mmm) "**Offering** "
 means the offering and sale of the Offered Securities pursuant to the terms and conditions
 of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(nnn) "**Offering Documents**" means the Canadian Offering Documents and the U.S. Offering Documents,
 collectively;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ooo) "**Offering Price**" has the meaning given to that term on the face page of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ppp) "**Offering Jurisdictions**" means the United States and the Canadian Qualifying Jurisdictions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(qqq) "**Option Closing**" means the purchase of Additional Shares contemplated upon the exercise
 of the Over-Allotment Option;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(rrr) "**Over-Allotment Closing Date**" means, in respect of any exercise of the Over-Allotment Option, the
 closing date for such exercise of the Over-Allotment Option which shall be not more than
 three business days after the notice of exercise of such option has been delivered in accordance
 with the terms of the Over-Allotment Option;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(sss) "**Over-Allotment Option**" means the option to purchase the Additional Shares granted to the Underwriters
 as set out on the face page of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ttt) "**Preliminary Canadian Prospectus Supplement**" has the meaning given to that term on the face
 page of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(uuu) "**Preliminary Prospectus**" has the meaning given to that term on the face page of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vvv) "**President** ' **s List Sales**" has the meaning given to that term on the face page of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(www) "**Pricing Disclosure Package**" has the meaning given to that term on the face page of
 this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxx) "**Prospectuses** "
 means collectively the Canadian Preliminary Prospectus, the Canadian Final Prospectus, the
 U.S. Preliminary Prospectus and the U.S. Final Prospectus;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(yyy) "**provide** "
 in the context of sending or making available marketing materials to a potential investor
 of the Offered Shares or any Additional Shares, has the meaning given to that term under
 the Applicable Securities Laws;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(zzz) "**Queensway Gold Project**" means the Company's Queensway Project located in Newfoundland,
 Canada;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(aaaa) "**Queensway Gold Project Technical Report**" means the NI 43-101 technical report on the Queensway
 Gold Project titled "*NI 43-101 Technical Report: Queensway Gold Project, Newfoundland and Labrador, Canada"* with an effective date of June 30, 2025;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(bbbb) "**Registration Statement**" has the meaning given to that term on the face page of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(cccc) "**Regulations** "
 means the securities rules or regulations proclaimed under the Acts and "**Regulation** "
 means the securities rules or regulations proclaimed under a specified Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(dddd) "**Regulatory Authorities**" means collectively the Commissions, the SEC, NYSE American and the
 TSXV;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(eeee) "**Returns** "
 has the meaning given to that term in Schedule 5.1(qqq) hereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ffff) "**Reviewing Authority**" has the meaning given to that term on the face page of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(gggg) "**Sanctions** "
 has the meaning given to that term in Schedule 5.1(ss) hereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(hhhh) "**Sanctioned Country**" has the meaning given to that term in Schedule 5.1(ss);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iiii) "**SEC** "
 means the United States Securities and Exchange Commission;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(jjjj) "**SEDAR+** "
 means the System for Electronic Data Analysis and Retrieval+;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(kkkk) "**Standard Listing Conditions**" has the meaning given to that term in Section 6.1(o) hereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(llll) "**subsidiary** "
 has the meaning given to that term in the Business Corporations Act (British Columbia) and
 "**subsidiaries**" means more than one of them;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(mmmm) "**Supplementary Material**" means any documents supplemental to the Prospectuses including any amending
 or supplementary prospectus or other supplemental documents (including documents incorporated
 by reference after the date of the Prospectuses) or similar documents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(nnnn) "**Tax Act**" means the *Income Tax Act* (Canada) and the regulations thereunder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(oooo) "**Technical Reports**" means the Queensway Gold Project Technical Report and the Hammerdown Gold
 Project Technical Report;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(pppp) "**template version**" has the meaning ascribed thereto under NI 41-101 and includes any revised
 template version of marketing materials as contemplated by NI 41-101;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(qqqq) "**trade** "
 has the meaning given to that term in the Securities Act (British Columbia);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(rrrr) "**TSXV** "
 means the TSX Venture Exchange;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ssss) "**Underwriters** "
 has the meaning given to that term on the face page of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(tttt) "**Underwriters** ' **Fee**" has the meaning given to that term on the face page of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(uuuu) "**United States**" or "**U.S.**" means the United States of America, its territories
 and possessions, any state of the United States and the District of Columbia;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vvvv) "**U.S. Affiliates**" means the U.S. registered broker-dealer affiliates of the Underwriters;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(wwww) "**U.S. Base Prospectus**" has the meaning given to that term on the face page of this
 Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxxx) "**U.S. Exchange Act**" means the *United States Securities and Exchange Act of 1934*,
 as amended;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(yyyy) "**U.S. Final Prospectus**" has the meaning given to that term on the face page of this
 Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(zzzz) "**U.S. Offering Documents"** the Registration Statement, the U.S. Preliminary Prospectus,
 the U.S. Final Prospectus and the Pricing Disclosure Package;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(aaaaa) "**U.S. Preliminary Prospectus**" has the meaning given to that term on the face page of
 this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(bbbbb) "**U.S. Securities Act**" means the United States Securities Act of 1933, as amended, and
 the rules and regulations made thereunder; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ccccc) "**U.S. Securities Laws**" means all applicable securities legislation in the United States,
 including without limitation, the U.S. Securities Act, the U.S. Exchange Act and the rules and
 regulations promulgated thereunder, including the rules and policies of the SEC and
 any applicable state securities laws.

1.2 All references
 to dollar figures in this Agreement are to Canadian dollars.

1.3 Where
 any representation or warranty contained in this Agreement is expressly qualified by reference
 to the "**knowledge**" of the Company, or where any other reference is made
 herein to the "**knowledge**" of the Company, it shall be deemed to refer
 to the actual knowledge of Keith Boyle, Melissa Render, Hashim Ahmed, Jared Saunders and
 Fiona Childe, after reasonable enquiry.

**2.** **FILING OF PROSPECTUSES** 

2.1 The Company
 represents and warrants to the Underwriters that the Company has prepared and filed the Canadian
 Base Prospectus with the Commissions and has obtained a Final Receipt for the Canadian Base
 Prospectus, which receipt also evidences that the Reviewing Authority has issued a receipt
 for the Canadian Base Prospectus.

2.2 The Company
 covenants with the Underwriters that it shall have, by no later than 5:00 p.m. (Toronto
 time) on April 22, 2026, prepared and filed the Canadian Prospectus Supplement with
 the Commissions, and will promptly fulfil and comply with, to the satisfaction of the Lead
 Underwriters, acting reasonably, Applicable Securities Laws required to be fulfilled or complied
 with by the Company to enable the Offered Securities to be lawfully distributed to the public
 in the Canadian Qualifying Jurisdictions through the Underwriters or any other investment
 dealers or brokers registered as such in the Canadian Qualifying Jurisdictions.

2.3 The Company
 shall permit the Underwriters to participate fully in the preparation of, approve the form
 of, and review all documents incorporated by reference in, any such Prospectuses (including
 marketing materials), and any other Ancillary Documents used in connection with the Offering
 and shall have allowed the Underwriters to conduct all due diligence investigations that
 they reasonably require in order to fulfil their obligations as Underwriters under the Applicable
 Securities Laws. The Company shall furnish to the Underwriters all the information relating
 to the Company and its business and affairs as is required in connection with the Offering.

2.4 During
 the Distribution of the Offered Securities:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Company shall prepare, in consultation with the Lead Underwriters, and approve in writing,
 prior to such time any marketing materials that are provided to potential investors of the
 Offered Securities, a template version of any marketing materials reasonably requested to
 be provided by the Underwriters to any such potential investor, such marketing materials
 to comply with Applicable Securities Laws and to be acceptable in form and substance to the
 Underwriters and their counsel, acting reasonably;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 Lead Underwriters shall, on behalf of the Underwriters, approve a template version of any
 such marketing materials in writing prior to such time such marketing materials are provided
 to potential investors in the Offered Securities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the
 Company shall file a template version of the English version of any such marketing materials
 on SEDAR+ as soon as reasonably practical after such marketing materials are so approved
 in writing by the Company and the Lead Underwriters, on behalf of the Underwriters, and in
 any event on or before the day the marketing materials are first provided to any potential
 investor in the Offered Securities, and any comparables shall be removed from the template
 version in accordance with NI 44-102 prior to filing such on SEDAR+ (provided that if any
 such comparables are removed, the Company shall deliver a complete template version of any
 such marketing materials to the Commissions), and the Company shall provide a copy of such
 filed template version to the Underwriters, as soon as practicable following such filing;
 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) following
 the approvals set forth in these subsections 2.4 (a) to (c), the Underwriters may provide
 a limited-use version of such marketing materials to potential investors in the Offered Securities
 in accordance with the Applicable Securities Laws.

2.5 The Company
 and each of the Underwriters, on a several basis, covenants and agrees not to provide any
 potential investor of the Offered Securities with any marketing materials except for marketing
 materials which have been approved as contemplated in section 2.4 and then only to potential
 investors in the Canadian Qualifying Jurisdictions.

**3.** **OVER-ALLOTMENT OPTION** 

3.1 The Company
 hereby grants to the Underwriters the Over-Allotment Option to purchase, and to offer for
 sale to the public pursuant hereto the Additional Shares upon the terms and conditions set
 forth herein.

3.2 The Over-Allotment
 Option shall be non-assignable and shall be exercisable, in whole, at any time, or in parts,
 from time to time, up to 30 days after the Closing Date by the Lead Underwriters, on behalf
 of the Underwriters giving written notice to the Company by such date, specifying the number
 of Additional Shares to be purchased and the closing date for such exercise (the "**Over-Allotment Closing Date** "), which date shall be not more than three business days after the
 date of such notice.

3.3 Following
 receipt of notice delivered in accordance with section 3.2, the Company agrees to issue
 and sell to the Underwriters and the Underwriters agree to purchase that number of Additional
 Shares requested in the notice of exercise of the Over-Allotment Option and the Company shall
 proceed to hold the Option Closing in accordance with section 11.

**4.** **DISTRIBUTION AND CERTAIN OBLIGATIONS OF THE UNDERWRITERS AND THE COMPANY** 

4.1 Subject
 to the terms and conditions of this Agreement, the Underwriters offer to purchase the Offered
 Shares, and by acceptance of this Agreement the Company agrees to sell to the Underwriters,
 and the Underwriters agree to purchase at the Closing Time on the Closing Date, all, but
 not less than all, of the Offered Shares to be issued on the Closing Date.

4.2 The distribution
 of the Offered Securities and the Over-Allotment Option shall be qualified by the Prospectuses
 under Applicable Securities Laws. Offered Securities may be offered and sold in such other
 jurisdictions as the Company and the Underwriters may agree, provided the distribution of
 Offered Securities in such other jurisdictions are completed in accordance with the applicable
 laws of such other jurisdictions.

4.3 Delivery
 of the Prospectuses will be satisfied in accordance with the "access equals delivery"
 provisions contained in Part 6A of NI 44-102 and the Underwriters and the Company shall
 satisfy any request for electronic or paper copies of the Prospectuses in accordance with
 the requirements of NI 44-102, without charge.

4.4 Until
 the date on which the distribution of the Offered Securities is completed or this Agreement
 is terminated, the Company shall promptly take, or cause to be taken, all additional steps
 and proceedings that may from time to time be required under Applicable Securities Laws to
 continue to qualify the distribution of the Offered Securities, or in the event that the
 Offered Securities have, for any reason ceased to so qualify, to so qualify again the Offered
 Securities for distribution in the Offering Jurisdictions.

4.5 The Company
 agrees that the Underwriters will be permitted to appoint other registered dealers (or other
 dealers duly licensed in their respective jurisdictions) as their agents to assist in the
 Offering and that the Underwriters may determine the remuneration payable to such other dealers
 appointed by them. Such remuneration shall be payable by the Underwriters. The Underwriters
 shall use their commercially reasonable efforts to ensure that such other dealers, if any,
 comply with the terms of this Agreement as applicable to the Underwriters.

4.6 Each Underwriter
 covenants, represents and warrants to the Company that it will comply, to the extent applicable
 to the Underwriters, with the rules and policies of the TSXV and NYSE American and with
 Applicable Securities Laws in each Offering Jurisdiction in which it acts as Underwriter
 of the Company in connection with the Offering.

**5.** **REPRESENTATIONS AND WARRANTIES** 

5.1 Schedule 5.1
 sets forth the representations and warranties of the Company to the Underwriters and the
 U.S. Affiliates, and the Company acknowledges that the Underwriters and the U.S. Affiliates
 are relying upon such representations and warranties in entering into this Agreement.

5.2 The representations
 and warranties of the Company contained in this Agreement shall be true at each of the Closing
 Date and any Over-Allotment Closing Date, as applicable, and they shall survive the completion
 of the Offering in accordance with Section 14.6.

5.3 Filing
 of the Prospectuses and any amendments thereto shall constitute a representation and warranty
 by the Company to the Underwriters and the U.S. Affiliates that, as at their respective dates:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 information and statements (except facts or information relating solely to the Underwriters)
 contained in the Registration Statement, the Prospectuses, and the Pricing Disclosure Package,
 and any amendments thereto (A) are true and correct in all material respects, (B) contain
 no misrepresentation and (C) constitute full, true and plain disclosure of all material
 facts relating to the Company and the Offered Securities as required by Applicable Securities
 Laws;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) except
 with respect to any facts or information relating solely to the Underwriters, each such document
 complies with all applicable requirements of Applicable Securities Laws in all material respects;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the
 statistical and market-related data included in the Registration Statement, the Prospectuses,
 and the Pricing Disclosure Package are based on or derived from sources that are believed
 by the Company to be reliable and accurate in all material respects and the Company has obtained
 the consent to the use of such data or information from such sources to the extent required;
 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) such
 filings shall also constitute the Company's consent to the Underwriters use of the
 Prospectuses and any amendments thereto, the marketing materials and any amendments thereto
 in connection with the distribution of the Offered Securities in the Offering Jurisdictions
 in compliance with this Agreement and Applicable Securities Laws.

5.4 Each Underwriter
 hereby severally, and not jointly, nor jointly and severally, represents and warrants to
 the Company that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) it
 is, and will remain so, until the completion of the Offering, appropriately registered under
 Applicable Securities Laws so as to permit it to lawfully fulfill its obligations hereunder;
 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) it
 has good and sufficient right and authority to enter into this Agreement and complete the
 Offering on the terms and conditions set forth herein.

5.5 The Underwriters
 hereby covenant and agree with the Company as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) during
 the period of distribution of the Offered Securities by or through the Underwriters, the
 Underwriters will offer and sell Offered Securities to the public only in the Offering Jurisdictions
 or where they may lawfully be offered for sale upon the terms and conditions set forth in
 the Prospectuses and this Agreement either directly or through other registered investment
 dealers and brokers. The Underwriters shall be entitled to assume that the Offered Securities
 are qualified for distribution in any Offering Jurisdiction where the Prospectuses have been
 filed;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 Underwriters will comply with Applicable Securities Laws in connection with the offer and
 sale and distribution of the Offered Securities; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the
 Underwriters will use their commercially reasonable efforts to complete the distribution
 of the Offered Securities as promptly as possible after the applicable Closing Date, but
 in any event no later than seven business days following the date of exercise of the entire
 Over-Allotment Option, if exercised. The Underwriters will notify the Company when, in the
 Underwriters' opinion, the Underwriters have ceased the distribution of Offered Securities,
 and, within thirty days after completion of the distribution, will provide the Company, in
 writing, with a breakdown of the number of Offered Securities distributed in each of the
 Canadian Qualifying Jurisdictions where that breakdown in required by a Commission for the
 purpose of calculating fees payable to, or making filings with, that Commission.

5.6 The representations
 and warranties of the Underwriters contained in this Agreement shall be true at the Closing
 Time as though they were made at the Closing.

**6.** **ADDITIONAL COVENANTS** 

6.1 The Company
 covenants and agrees with the Underwriters that it shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) file
 with NYSE American and the TSXV all required documents and pay all required filing fees,
 and do all things required by the rules and policies of NYSE American and the TSXV,
 in order to obtain prior to the Closing Date the requisite acceptance or approval of NYSE
 American and the TSXV for:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the
 Offering; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the
 conditional listing of the Offered Securities subject only to Standard Listing Conditions,
 which the Company agrees to fully satisfy in a timely manner forthwith after the Closing;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) with
 respect to the filing of the Canadian Prospectus Supplement as contemplated herein, fulfill
 all legal requirements required to be fulfilled by the Company in connection therewith, in
 each case in form and substance satisfactory to the Underwriters as evidenced by the Underwriters'
 execution of the certificates attached thereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) prior
 to the completion of the Offering, allow the Underwriters to review the Offering Documents
 and conduct all due diligence which the Underwriters may reasonably require in order to fulfill
 their statutory obligations as underwriters and in order to enable them to execute, acting
 prudently and responsibly, the certificates required to be executed by the Underwriters in
 such documents, including, without limitation, all corporate and operating records, documentation
 with respect to property rights, technical information, financial information (including
 budgets), copies of the financial statements to be incorporated by reference in the Prospectuses
 and access to key officers of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) during
 the period prior to the completion of the Offering, promptly notify the Underwriters in writing
 of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any
 material change (actual, contemplated or threatened) in the business, affairs, operations,
 assets or liabilities (contingent or otherwise), financial position or capital or ownership
 of the Company or proposed ownership of the Company (other than a change disclosed in the
 Prospectuses); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) any
 change which is of such a nature as to result in a misrepresentation in any of the Registration
 Statement, the Prospectuses, the Pricing Disclosure Package or any amendment thereto; and
 any material fact that has arisen or been discovered and that would be required to have been
 disclosed in the Registration Statement, the Prospectuses or the Pricing Disclosure Package
 or in Supplementary Material had that fact arisen or been discovered on or prior to the date
 of the Registration Statement, the Prospectuses, the Pricing Disclosure Package or any Supplementary
 Material, which change or fact is, or may be, of such a nature as to render the Registration
 Statement, the Prospectuses, the Pricing Disclosure Package or any Supplementary Material
 misleading or untrue in any material respect or would result in any of such documents containing
 a misrepresentation, as defined under Applicable Securities Laws, or which would result in
 any of such documents not complying in any material respect with any of the Applicable Securities
 Laws or which change would reasonably be expected to have a significant effect on the market
 price or value of the Offered Securities. The Company shall in good faith discuss with the
 Underwriters any change in circumstances (actual or proposed within the knowledge of the
 Company) which is of such a nature that there is reasonable doubt whether notice need be
 given to the Underwriters pursuant to this subsection and, in any event, prior to making
 any filing;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) deliver
 to the Underwriters duly executed copies of any Supplementary Material required to be filed
 by the Company in accordance with subsection (d) above and, if any financial or accounting
 information is contained in any of the Supplementary Material, an additional comfort letter
 or comfort letters to those required by subsection (k) below;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) if
 requested by the Underwriters, cause commercial copies of the Prospectuses and Supplementary
 Material to be delivered to the Underwriters without charge, in such quantities and in such
 cities as the Underwriters may reasonably request, as soon as possible after filing, but
 in any event on or before noon (Toronto time) on the day after the filing thereof, as applicable,
 and such delivery will constitute the Company's consent to the Underwriters'
 use of such documents in connection with the Offering;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) by
 the act of having the Offering Documents and any amendments thereto delivered to the Underwriters,
 have represented and warranted to the Underwriters that all material information and statements
 (except information and statements relating solely to the Underwriters and provided by the
 Underwriters to the Company in writing expressly for inclusion in the Offering Documents)
 contained in such documents, at the respective dates of initial delivery thereof, comply
 with the Applicable Securities Laws of the Offering Jurisdictions and are true and correct
 in all material respects, and that such documents, at such dates, contain no misrepresentation
 and together constitute full, true and plain disclosure of all material facts relating to
 the Company, the Offered Shares and the Additional Shares as required by the Applicable Securities
 Laws of the Offering Jurisdictions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) prior
 to the Closing Time, fulfill to the satisfaction of the Underwriters all legal requirements
 (including, without limitation, compliance with Applicable Securities Laws) to be fulfilled
 by the Company to enable the Offered Securities to be distributed free of trade restrictions
 in the Offering Jurisdictions, subject only to the requirements of Applicable Securities
 Laws;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) use
 its best efforts to maintain its status as a "reporting issuer" or the equivalent
 not in default in each of the Canadian Qualifying Jurisdictions for a period of two years
 from the Closing Date, other than in connection with a merger, amalgamation, arrangement,
 take-over bid, going private transaction or other similar transaction involving the purchase
 or sale of all of the outstanding Common Shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) use
 its commercially reasonable best efforts to maintain the listing of its Common Shares on
 the TSXV or another recognized stock exchange or quotation system for a period of two years
 from the Closing Date, other than in connection with a merger, amalgamation, arrangement,
 take-over bid, going private transaction or other similar transaction involving the purchase
 or sale of all of the outstanding Common Shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) deliver
 to the Underwriters and their legal counsel, as applicable:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) at the
 time of execution of this Agreement, one long form comfort letter from the Company's
 auditor addressed to the Underwriters and to the directors of the Company and dated as of
 the date of this Agreement and based on procedures performed within two business days of
 this Agreement, in form and content acceptable to the Underwriters, acting reasonably, relating
 to the verification of the financial information and accounting data contained in the Offering
 Documents and to such other matters as the Underwriters may reasonably require;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) at
 the time of execution of this Agreement, one long form comfort letter from the predecessor
 auditor of the Material Subsidiary addressed to the Underwriters and to the directors of
 the Company and dated as of the date of this Agreement and based on procedures performed
 within two business days of this Agreement, in form and content acceptable to the Underwriters,
 acting reasonably, relating to the verification of the financial information and accounting
 data contained in the Offering Documents and to such other matters as the Underwriters may
 reasonably require;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) on
 the Closing Date and any Over-Allotment Closing Date, as applicable, an auditor's comfort
 letter from the Company's auditor dated the Closing Date and/or the Over-Allotment
 Closing Date, as applicable, updating the long-form comfort letter with such changes as may
 be necessary to bring the information therein forward to a date which is within two business
 days of the Closing Date or the Over-Allotment Closing Date, as applicable;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) on
 the Closing Date and any Over-Allotment Closing Date, as applicable, an auditor's comfort
 letter from the predecessor auditor of the Material Subsidiary dated the Closing Date and/or
 the Over-Allotment Closing Date, as applicable, updating the long-form comfort letter with
 such changes as may be necessary to bring the information therein forward to a date which
 is within two business days of the Closing Date or the Over-Allotment Closing Date, as applicable;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) at the
 time of execution of this Agreement and the Closing Date and any Over-Allotment Closing Date,
 as applicable, dated the respective dates of delivery thereof, a certificate addressed to
 the Underwriters, of the Chief Financial Officer of the Company, with respect to certain
 financial information contained in the Offering Documents and to such other matters, providing
 "management comfort" with respect to such information, in form and substance
 reasonably satisfactory to the Underwriters;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) on
 the Closing Date and any Over-Allotment Closing Date, such legal opinions of the Company's
 legal counsel (excluding U.S. legal counsel), addressed to the Underwriters and their legal
 counsel and dated as of the Closing Date and/or the Over-Allotment Closing Date, as applicable,
 in form and content acceptable to the Underwriters, acting reasonably, relating to the matters
 set forth in Schedule "A" and to such other matters as the Underwriters may reasonably
 require (and such counsel may rely upon or arrange for separate deliveries of opinions of
 local counsel where such counsel deems such reliance or delivery proper as to the laws of
 any jurisdiction other than British Columbia, Alberta, Ontario and Canada and may rely, as
 to matters of fact, on certificates of auditors, public officials and officers of the Company)
 relating to the Canadian Prospectus Supplement, the trade and distribution of the Offered
 Shares and the Additional Shares, as applicable, without restriction, and to such other matters
 as the Underwriters may reasonably require;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) on
 the Closing Date and any Over-Allotment Closing Date, as applicable, favourable legal opinions
 (in customary form) dated as of the Closing Date and/or the Over-Allotment Closing Date,
 as applicable, from counsel to the Company as to title matters in respect of the Queensway
 Gold Project and the Hammerdown Gold Project, in form and substance acceptable to the Underwriters,
 acting reasonably;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) on
 the Closing Date and any Over-Allotment Closing Date, as applicable, a favourable legal opinion
 and negative assurance letter of Paul, Weiss, Rifkind, Wharton & Garrison LLP, addressed
 to the Underwriters and dated as of the Closing Date and/or the Over-Allotment Closing Date,
 as applicable, in form and content acceptable to the Underwriters, acting reasonably;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) on
 the Closing Date and any Over-Allotment Closing Date, as applicable, a negative assurance
 letter of Skadden, Arps, Slate, Meagher & Flom LLP, addressed to the Underwriters
 and dated as of the Closing Date and/or the Over-Allotment Closing Date, as applicable, in
 form and content acceptable to the Underwriters, acting reasonably;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) on the
 Closing Date and any Over-Allotment Closing Date, as applicable, a certificate of the Company
 signed by its Chief Executive Officer and Chief Financial Officer addressed to the Underwriters
 and their legal counsel and dated as of the Closing Date and/or Over-Allotment Closing Date,
 as applicable, in form and content acceptable to the Underwriters, acting reasonably, certifying
 for and on behalf of the Company and not in their personal capacities that, to the actual
 knowledge of the persons signing such certificate, after having made due and relevant inquiry:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. the Company
 has complied in all material respects with all covenants and satisfied all terms and conditions
 of this Agreement on its part to be complied with and satisfied at or prior to the Closing
 Date or the Over-Allotment Closing Date, as applicable;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. no order,
 ruling or determination having the effect of ceasing or suspending trading in any securities
 of the Company or prohibiting the sale or distribution of the Offered Securities or any of
 the Company's issued securities has been issued and no proceeding for such purpose
 is pending or, to the knowledge of such officers, threatened;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. the Company
 is a "reporting issuer" or its equivalent under the securities laws of each of
 the Canadian Qualifying Jurisdictions and eligible to use the Short Form Prospectus
 System established under NI 44-101, and no material change relating to the Company has occurred
 since the date of this Agreement with respect to which the requisite material change report
 has not been filed and no such disclosure has been made on a confidential basis that remains
 subject to confidentiality; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. all of
 the representations and warranties made by the Company in this Agreement are true and correct
 as of the Closing Date or the Over-Allotment Closing Date, as applicable with the same force
 and effect as if made at and as of the Closing Date or Over-Allotment Closing Date, as applicable,
 after giving effect to the transactions contemplated hereby;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi) the
 Underwriters having received certificates dated the Closing Date (or, in the case of the
 Option Closing, dated the Over-Allotment Closing Date) signed by the Corporate Secretary
 of the Company or another officer acceptable to the Underwriters, acting reasonably, in form
 and content satisfactory to the Underwriters, acting reasonably, with respect to the constating
 documents of the Company; the resolutions of the directors of the Company relevant to the
 Offering, including the allotment, issue (or reservation for issue) and sale or distribution
 of the Offered Shares, the grant of the Over-Allotment Option, the authorization of this
 Agreement, the listing of the Offered Securities on the TSXV and NYSE American and transactions
 contemplated by this Agreement; and the incumbency and signatures of signing officers of
 the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii) on
 the Closing Date and any Over-Allotment Closing Date, as applicable, a certificate of status
 (or equivalent) for the Company and the Material Subsidiary dated within one business day
 (or such earlier or later date as the Underwriters may accept) of the Closing Date or Over-Allotment
 Closing Date, as applicable;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiii) on
 the Closing Date and any Over-Allotment Closing Date, as applicable, a certificate of the
 registrar and transfer agent of the Common Shares, which certifies the number of Common Share
 issued and outstanding on the date prior to the Closing Date or Over-Allotment Closing Date,
 as applicable;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiv) on
 the Closing Date or Over-Allotment Closing Date, as applicable, such other materials (the
 "**Closing Materials**") as the Underwriters may reasonably require and as
 are customary in an offering of this nature, and the Closing Materials will be addressed
 to the Underwriters and to such parties as may be reasonably directed by the Underwriters
 and will be dated as of the Closing Date or Over-Allotment Closing Date, as applicable, or
 such other date as the Underwriters may reasonably require;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) from
 and including the date of this Agreement through to and including the Closing Date and any
 Over-Allotment Closing Date, do all such acts and things necessary to ensure that all of
 the representations and warranties of the Company contained in this Agreement or any certificates
 or documents delivered by it pursuant to this Agreement remain materially true and correct
 and not do any such act or thing that would render any representation or warranty of the
 Company contained in this Agreement or any certificates or documents delivered by it pursuant
 to this Agreement materially untrue or incorrect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) during
 the period commencing on the date hereof and ending on the date which is 90 days after the
 Closing Date, not, without the prior written consent of the Lead Underwriters, which consent
 will not be unreasonably withheld, directly or indirectly issue any Common Shares (including
 any Common Shares that can be issued pursuant to an at-the-market program of the Company)
 or securities or other financial instruments convertible into or having the right to acquire
 Common Shares (except in conjunction with (i) the credit facility announced concurrently
 with the Offering; (ii) the grant or exercise or vesting of stock options, share units,
 restricted share units, deferred share units and other similar issuances pursuant to the
 equity incentive plans of the Company and other stock-based compensation arrangements including,
 for greater certainty, the sale of any Common Shares issued thereunder; (iii) the exercise
 or conversion of outstanding convertible securities; and (iv) any obligations in respect
 of existing agreements) or enter into any agreement or arrangement under which the Company
 acquires or transfers to another, in whole or in part, any of the economic consequences of
 ownership of Common Shares, whether that agreement or arrangement may be settled by the delivery
 of Common Shares or other securities or cash, or agree to become bound to do so, or disclose
 to the public any intention to do so;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) cause
 each of its directors and executive officers to enter into lock-up agreements (the "**Lock-Up Agreements**") in form and substance satisfactory to the Lead Underwriters evidencing
 their agreement to not, without the prior written consent of the Lead Underwriters, on behalf
 of the Underwriters (which consent will not be unreasonably withheld), directly or indirectly,
 offer, sell, contract to sell, grant any option to purchase, make any short sale, or otherwise
 dispose of, or transfer, or announce any intention to do so, any Common Shares, whether now
 owned or hereinafter acquired, directly or indirectly, or under their control or direction,
 or with respect to which each has beneficial ownership, or enter into any transaction or
 arrangement that has the effect of transferring, in whole or in part, any of the economic
 consequences of ownership of Common Shares, whether such transaction is settled by the delivery
 of Common Shares, other securities, cash or otherwise, for a period of 90 days from the Closing
 Date, other than pursuant to a take-over bid or any other similar transaction made generally
 to all of the shareholders of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) prior
 to the Closing Time, provide evidence satisfactory to the Underwriters of the conditional
 approval and authorization, respectively, of the TSXV and NYSE American of the listing and
 posting for trading on the TSXV and NYSE American of the Offered Securities, subject only
 to satisfaction by the Company of customary post-closing conditions imposed by the TSXV and
 NYSE American in similar circumstances (the "**Standard Listing Conditions** ");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p) advise
 the Underwriters, promptly after receiving notice or obtaining knowledge thereof, of: (i) the
 issuance by any Commission or the SEC of any order suspending or preventing the use of any
 of the Offering Documents or any Issuer Free Writing Prospectus, including without limitation
 the issuance by the SEC of any stop order suspending the effectiveness of the Registration
 Statement, or to the knowledge of the Company, the threatening of such order; (ii) the
 issuance by any Commission, the SEC, the TSXV or NYSE American of any order having the effect
 of ceasing or suspending the distribution of the Offered Securities, or of the institution
 or, to the knowledge of the Company, threatening of any proceeding for any such purpose;
 or (iii) any requests made by any Commission or the SEC for amending or supplementing
 any of the Offering Documents or any Issuer Free Writing Prospectus or for additional information,
 and will use its commercially reasonable efforts to prevent the issuance of any order referred
 to in (i) or (ii) above and, if any such order is issued, to obtain the withdrawal
 thereof as promptly as possible;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q) not
 reproduce, disseminate, quote from or refer to any written or oral opinions, advice, analysis
 and materials provided by the Underwriters to the Company in connection with the Offering
 in whole or in part at any time, in any manner or for any purpose, without the Underwriters'
 prior written consent in each specific instance, and the Company shall and shall cause its
 affiliates, officers, directors, shareholders, agents and advisors (including those shareholders
 who have an advisory relationship with the Company and the directors, officers, and employees
 of such shareholders) to keep confidential the opinions, advice, analysis and materials furnished
 to the Company by the Underwriters and their counsel in connection with the Offering;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(r) promptly
 do, make, execute, deliver or cause to be done, made, executed or delivered, all such acts,
 documents and things as the Underwriters may reasonably require from time to time for the
 purpose of giving effect to this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(s) during
 the period commencing on the date hereof and until completion of the distribution of any
 Additional Shares, promptly provide to the Underwriters drafts of any press releases of the
 Company for review by the Underwriters and the Underwriters' counsel prior to issuance,
 provided that any such review will be completed in a timely manner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(t) forthwith
 notify the Underwriters of any breach of any covenant of this Agreement or any Ancillary
 Documents by any party thereto, or upon it becoming aware that any representation or warranty
 of the Company contained in this Agreement or any Ancillary Document is or has become untrue
 or inaccurate in any material respect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(u) use
 the net proceeds of the Offering substantially in the manner set out in the Final Prospectus
 under the heading "Use of Proceeds";

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) prior
 to the completion of the distribution of the Offered Securities, file all documents required
 to be filed with or furnished to the Commissions and the SEC pursuant to Applicable Securities
 Laws; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(w) as
 soon as practicable, but in any event no later than eighteen months after the effective date
 of the Registration Statement (as defined in Rule 158(c) under the U.S. Securities
 Act), make generally available to its securityholders an earnings statement or statements
 of the Company and its subsidiaries which will satisfy the provisions of Section 11(a) of
 the U.S. Securities Act and Rule 158 of the U.S. Securities Act.

**7.** **UNDERWRITERS' FEES AND EXPENSES** 

7.1 In consideration
 of the services to be rendered by the Underwriters to the Company under this Agreement, the
 Company agrees to pay to the Underwriters, at the time and in the manner specified in this
 Agreement, the Underwriters' Fee.

7.2 Whether
 or not the purchase and sale of the Offered Securities shall be completed, all costs and
 expenses of or incidental to the sale and delivery of the Offered Securities and of or incidental
 to all matters in connection with the Offering shall be borne by the Company, and the Company
 shall reimburse the Underwriters for any and all expenses reasonably incurred by the Underwriters,
 including, without limitation and for greater certainty, the "**out-of-pocket** "
 expenses of the Underwriters and the fees and disbursements of Underwriters' legal
 counsel up to a maximum of $225,000, excluding applicable taxes and disbursements.

7.3 All fees,
 expenses and other payments under this Agreement shall be paid without giving effect to any
 withholding or deduction of any tax or similar governmental assessment. If the Company is
 required by law to deduct or withhold any amounts with respect to any such tax or assessment
 or if any such tax or assessment is required to be paid by the Underwriters or any of their
 affiliates as a result or arising out of this Agreement, the Company shall pay the Underwriters
 such additional amounts as shall be required so that the net amount received by the Underwriters
 from the Company after such deduction, withholding or payment shall equal the amounts otherwise
 payable to the Underwriters under this Agreement, provided no additional amounts shall be
 payable to an Underwriter that is not a resident of Canada for purposes of the Tax Act unless
 such amounts are payable in respect of services rendered by such Underwriter wholly outside
 of Canada and performed in the ordinary course of business carried on by such Underwriter
 that includes the performance of such services for a fee and such Underwriter deals at arm's
 length with the Company within the meaning of the Tax Act. In addition, no such additional
 amounts shall be payable in respect of taxes imposed on or measured by net income or profits
 (however denominated), franchise taxes and branch profits taxes, in each case, (i) imposed
 as a result of such Underwriter being organized under the laws of, or having its principal
 office in, the jurisdiction imposing such tax (or any political subdivision thereof), or
 (ii) that are imposed as a result of a present or former connection between such Underwriter
 and the jurisdiction imposing such tax (other than connections arising solely from such Underwriter
 having executed, delivered, become a party to, performed its obligations under, or received
 payments under this Agreement). If any goods and services tax, harmonized sales tax, and/or
 provincial sales taxes or other similar tax is payable with respect to the fees paid or payable
 to the Underwriters under this engagement, the Underwriters will add the amount of such tax
 to its invoice and the Company shall pay the Underwriters such tax.

**8.** **UNDERWRITING PERCENTAGES** 

8.1 The obligations
 of the Underwriters hereunder, including the obligation to purchase the Offered Shares and
 if the Over-Allotment Option is exercised, any obligation to purchase Additional Shares at
 the Closing Time shall be several, and not joint, and shall be limited to the percentages
 of the aggregate percentage of the Offered Securities set out opposite the name of each Underwriter
 below:

---

| | |
|:---|:---|
| BMO Nesbitt Burns Inc. <sup>(12)</sup> | 37.5% |
| SCP Resource Finance LP <sup>(12)</sup> | 32.5% |
| Canaccord Genuity Corp. | 5.0% |
| National Bank Financial Inc. | 5.0% |
| Paradigm Capital Inc. | 5.0% |
| Roth Canada, Inc. | 5.0% |
| ATB Capital Markets Corp. | 2.0% |
| Beacon Securities Limited | 2.0% |
| CIBC World Markets Inc. | 2.0% |
| Desjardins Securities Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.0% |
| Stifel Nicolaus Canada Inc. | 2.0% |
|  | **100%** |

---

<sup>(1)</sup> Joint bookrunners.

<sup>(2)</sup> 5% work fee to be split equally between BMO Nesbitt Burns Inc. and SCP Resource Finance LP.

8.2 In the
 event that any Underwriter shall at the Closing Time fail to purchase its percentage of the
 Offered Securities as provided in section 8.1 (a "**Defaulting Underwriter** ")
 and the percentage of Offered Securities that has not been purchased by the Defaulting Underwriter
 represents 10% or less of the aggregate Offered Securities, the other Underwriters shall
 be severally, and not jointly, nor jointly and severally obligated, to purchase all of the
 Offered Securities that the Defaulting Underwriter has failed to purchase; the Underwriters
 shall purchase such Offered Securities pro rata to their respective percentages aforesaid
 or in such other proportions as they may otherwise agree. In the event that the percentage
 of Offered Securities that have not been purchased by a Defaulting Underwriter represents
 more than 10% of the aggregate Offered Securities, the others shall have the right, but shall
 not be obligated, to purchase all of the percentage of the Offered Securities which would
 otherwise have been purchased by the Defaulting Underwriter; the Underwriters exercising
 such right shall purchase such Offered Securities, as applicable, pro rata to their respective
 percentages aforesaid or in such other proportions as they may otherwise agree. In the event
 that such right is not exercised fully, the other Underwriters that are not in default shall
 not be obligated to purchase any of the Offered Securities in respect of which there has
 been a default and each such Underwriter shall have the right to either (i) terminate
 its obligations under this Agreement or (ii) proceed with the purchase of its percentage
 of Offered Securities as provided in section 8.1 and, in such case, the Company, shall
 sell such Offered Securities to the Underwriters in accordance with the terms of this Agreement.
 Nothing in this section shall oblige the Company to sell to the Underwriters less than all
 of the aggregate amount of the Offered Shares. Nothing in this section shall relieve from
 liability to the Company any Underwriter which shall be so in default.

**9.** **CONDITIONS PRECEDENT** 

9.1 The following
 are conditions to the obligations of the Underwriters to complete the Offering as contemplated
 in this Agreement, which conditions may be waived in writing in whole or in part by the Underwriters
 in their sole discretion:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) all
 actions required to be taken by or on behalf of the Company, including without limitation
 the passing of all requisite resolutions of directors of the Company approving the transaction
 contemplated hereunder, will have been taken so as to approve the Prospectuses, to obtain
 the requisite approval of the TSXV and NYSE American to the Offering and to validly offer,
 sell and distribute the Offered Shares, grant the Over-Allotment Option, and distribute the
 Additional Shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) there
 shall be no requirement under applicable law and no requirement imposed on the Company by
 the Regulatory Authorities to obtain, nor shall the Company voluntarily seek, shareholder
 approval of the Offering or of the issuance of the Offered Securities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the
 Company will have made all necessary filings with and obtained all necessary approvals, consents
 and acceptances of the Regulatory Authorities for the Offering and the Prospectuses to permit
 the Company to complete its obligations hereunder (including, for the avoidance of doubt,
 qualifying the Offered Securities for offering and sale under the Applicable Securities Laws
 of the Offering Jurisdictions);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the
 Company will have, within the required time set out hereunder, delivered or caused the delivery
 of the required documents set forth in subsection 6.1(k) and other Closing Materials
 as the Underwriters may reasonably require in form and substance satisfactory to the Underwriters
 and their counsel, acting reasonably;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) no
 order ceasing or suspending trading in any securities of the Company, or ceasing or suspending
 trading by the directors or officers of the Company, or any one of them, or prohibiting the
 trade or distribution of any of the securities referred to herein will have been issued and
 no proceedings for such purpose, to the knowledge of the Company, will be pending or threatened;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) as
 of the Closing Date and any Over-Allotment Closing Date, as applicable, there shall be: (i) no
 reports or information that in accordance with the requirements of Regulatory Authorities
 must be made publicly available in connection with the sale of the Offered Securities that
 have not been made publicly available as required; (ii) no contracts, documents or other
 materials required to be filed with Regulatory Authorities in connection with the Prospectuses
 that have not been filed as required and delivered to the Underwriters; and (iii) no
 contracts, documents or other materials required to be described or referred to in the Prospectuses
 that are not described or referred to as required and delivered to the Underwriters;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) the
 Underwriters shall have received on the Closing Date and any Over-Allotment Closing Date,
 as applicable, a letter from the transfer agent of the Company dated the date of Closing
 and signed by an authorized officer of such transfer agent confirming the issued and outstanding
 capital of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) the
 Underwriters shall have received from the officers and directors, executed Lock-Up Agreements
 pursuant to section 6.1(n) of this Agreement, in favour of the Underwriters;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the
 Underwriters not having exercised any rights of termination set forth in this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) the
 Underwriters having received at the Closing Date and any Over-Allotment Closing Date, as
 applicable, such further certificates, opinions of counsel and other documentation from the
 Company as the Underwriters or their counsel may reasonably require and as are customary
 in an offering of this nature;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) except
 as disclosed in the Continuous Disclosure Materials, there shall not have occurred since
 December 31, 2025, any adverse material change (actual, anticipated, contemplated or,
 to the knowledge of the Company, threatened, whether financial or otherwise) in the business,
 affairs, operations, assets, liabilities (contingent or otherwise), prospects, financial
 position or capital of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) the
 due diligence conducted by the Underwriters shall not have revealed any adverse material
 change or material fact in respect of the Company not generally known to the public which
 should have been previously disclosed pursuant to Applicable Securities Laws;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) the
 Company will have, as of the Closing Date and any Over-Allotment Closing Date, as applicable,
 complied with all of its covenants and agreements contained in this Agreement, including
 without limitation all requirements for approval of the Offering and the listing and posting
 for trading of the Offered Securities on the TSXV and NYSE American as required to be provided
 prior to the Closing Date and any Over-Allotment Closing Date, as applicable;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) the
 representations and warranties of the Company contained in this Agreement will be true and
 correct as of the Closing Date and any Over-Allotment Closing Date, as applicable, in all
 material respects (except for those representations and warranties which are qualified by
 materiality which must be true and correct in all respects) as if such representations and
 warranties had been made as of the Closing Date and the Over-Allotment Closing Date, as applicable;
 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) if
 a filing with FINRA is required, FINRA shall not have objected to the fairness or reasonableness
 of the underwriting terms and arrangements of the Offering.

**10.** **CLOSING** 

10.1 The closing
 of the Offering under this Agreement (the "**Closing**") shall be completed
 electronically or at such other place as the Company and the Underwriters may agree. The
 Company and the Underwriters shall cause the Closing of the Offering to occur on April 27,
 2026 or such other dates as may be agreed by the Company and the Underwriters in writing
 (the "**Closing Date** ").

10.2 On the
 Closing Date, the Company shall issue and deliver to the Underwriters:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) one
 or more global certificates (in physical or electronic form as the Lead Underwriters may
 advise) representing the Offered Shares in the names and denominations reasonably requested
 by the Underwriter; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 Company shall deliver to the Underwriters such documents set forth in subsection 6.1(k) as
 the Underwriters may request.

10.3 If the
 Company has satisfied all of its obligations under this Agreement that are required to be
 satisfied before or at the Closing Time on the Closing Date, the Underwriters shall pay to
 the Company by wire transfer the aggregate gross proceeds of $100,048,000 less an amount
 equal to (i) the Underwriters' Fee with respect to the sale of the Offered Shares
 and, (ii) any costs and expenses owing to the Underwriter pursuant to section 7.2
 to be deducted from the gross proceeds of the Offering.

**11.** **OPTION CLOSING** 

11.1 In the
 event the Over-Allotment Option is exercised, at the Option Closing, subject to the terms
 and conditions contained in this Agreement, the Company shall issue and deliver to the Underwriters
 in such locations that the Lead Underwriters advise the Company the certificates (in physical
 or electronic form as the Lead Underwriters may advise in the notice) representing the Additional
 Shares to be issued at the Option Closing in the names and denominations reasonably requested
 by the Underwriters.

11.2 The Option
 Closing shall occur not more than three business days after the date that the notice of exercise
 of the Over-Allotment Option has been given in accordance with the terms of the Over-Allotment
 Option.

11.3 At the
 Option Closing, the Company shall deliver to the Underwriters such documents set forth in
 subsection 6.1(k) as the Underwriters may request.

11.4 If the
 Company has satisfied all of its obligations under this Agreement that are required to be
 satisfied before or on the Over-Allotment Closing Date, the Underwriters shall pay to the
 Company by wire transfer the aggregate proceeds of the sale of the Additional Shares, less
 an amount equal to (i) the Underwriters' Fee and, (ii) any costs and expenses
 owing to the Underwriter pursuant to section 7.2 to be deducted from the gross proceeds
 of the offering of the Additional Shares.

11.5 The Company
 and the Underwriters agree that the Over-Allotment Option Closing Date may occur on the same
 date as the Closing Date, subject to the Company's prior receipt of the notice in accordance
 with the Over-Allotment Option.

**12.** **INDEMNITY** 

12.1 The Company
 shall protect, hold harmless and indemnify each of the Underwriters and their respective
 affiliates and their respective directors, officers, partners, employees, advisors and agents
 (as applicable) and each person, if any, who controls any Underwriter within the meaning
 of Section 15 of the U.S. Securities Act or Section 20 of the U.S. Exchange Act
 (collectively, the "**Indemnified Parties**" and individually an "**Indemnified Party**") from and against all losses (other than loss of profit in connection with
 the distribution of the Offered Securities), claims, damages, liabilities, costs and expenses,
 including, without limitation, all amounts paid to settle actions or satisfy judgments or
 awards and all reasonable legal fees and expenses incurred by any Indemnified Party in connection
 with investigating or defending any of the foregoing on a solicitor and own client basis
 (collectively, a "**Claim**") caused by or arising directly or indirectly
 by reason of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) (i) any
 information or statement (except any information or statement relating solely to the Underwriters,
 or any of them, provided by the Underwriters to the Company in writing expressly for inclusion
 in the Offering Documents) contained in any of the Canadian Offering Documents, which at
 the time and in light of the circumstances under which it was made contains or is alleged
 to contain a misrepresentation; (ii) any untrue statement or alleged untrue statement
 of a material fact contained (A) in an Offering Document or in any Issuer Free Writing
 Prospectus filed or required to be filed pursuant to Rule 433(d) under the U.S.
 Securities Act or (B) in any other materials or information provided to investors by,
 or with the approval of, the Company in connection with the Offering, or (iii) the omission
 or alleged omission to state in any Offering Document, in any Issuer Free Writing Prospectus
 filed or required to be filed pursuant to Rule 433(d) under the U.S. Securities
 Act or in any other materials or information provided to investors by, or with the approval
 of, the Company in connection with the Offering, a material fact required to be stated therein
 or necessary to make the statements therein (in the light of the circumstances under which
 they were made, in the case of any prospectus) not misleading; provided, however, that the
 Company will not be liable in any such case to the extent but only to the extent that any
 such losses, claims, damages, liabilities, costs, expenses or actions arise out of or are
 based upon any such misrepresentation, untrue statement or alleged untrue statement or omission
 or alleged omission made therein in reliance upon in and conformity with written information
 furnished to the Company by or on behalf of any Underwriter through the Lead Underwriters
 expressly for use therein, it being understood and agreed that the only such information
 furnished by any Underwriter consists of the following information in the Prospectuses furnished
 on behalf of each Underwriter: the information contained in the twelfth through fourteenth
 paragraphs under the caption "**Plan of Distribution**" in the Prospectuses;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 omission or alleged omission to state in any certificate of the Company or of any officers
 of the Company delivered in connection with the Offering any material fact (except facts
 or information relating solely to the Underwriters) required to be stated therein where such
 omission or alleged omission constitutes or is alleged to constitute a misrepresentation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) any
 material breach by the Company of, or default under, any representation, covenant or agreement
 of the Company in this Agreement or any other document delivered pursuant to this Agreement
 or under Applicable Securities Laws or the failure by the Company to comply with its obligation
 under this Agreement or Applicable Securities Laws;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the
 Company not complying prior to the completion of the distribution of the Offered Securities
 with any material requirement of any Applicable Securities Laws or other applicable securities
 legislation of any jurisdiction, including the Company's noncompliance with any statutory
 requirement to make any document available for inspection;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) any
 order made or any inquiry, investigation or proceeding commenced or threatened by any securities
 regulatory authority, stock exchange (including the TSXV or NYSE American) or by any other
 competent authority, based upon any misrepresentation or alleged misrepresentation (except
 a misrepresentation relating solely to the Underwriters) in any of the Offering Documents
 and any amendments thereto required to be filed, or documents incorporated by reference therein
 (except any document or material delivered or filed solely by the Underwriters) based upon
 any failure or alleged failure to comply with Applicable Securities Laws (other than any
 failure or alleged failure to comply by the Underwriters) preventing and restricting the
 trading in or the sale of the Common Shares in the Provinces of Canada or in the United States;

and shall reimburse the Indemnified Parties promptly upon demand for any legal or other expenses reasonably incurred by them in connection with investigating or defending any such losses, claims, damages, liabilities or actions in respect thereof, as incurred.

The parties agree that, if and to the extent that a court of competent jurisdiction, in a final non-appealable judgement in a proceeding in which the Indemnified Party is named as a party, determines that a Claim was caused by or resulted from an Indemnified Party's gross negligence, fraudulent act or wilful misconduct, this indemnity shall cease to apply to such Indemnified Party in respect of such Claim and such Indemnified Party shall reimburse any funds advanced by the Company to the Indemnified Party pursuant to this indemnity in respect of such Claim.

12.2 If any
 Claim contemplated by this Section 12 is asserted against any of the Indemnified Parties,
 or if any potential Claim contemplated by this Section 12 comes to the knowledge of
 any of the Indemnified Parties, the Indemnified Party concerned shall notify in writing the
 Company as soon as possible and in any event on a timely basis, of the nature of such claim,
 and the Company shall be entitled (but not required) to assume the defence of any suit brought
 to enforce such claim; provided, however, that the defence shall be through legal counsel
 acceptable to the Indemnified Party, acting reasonably, and that no settlement may be made
 by the Company or the Indemnified Party without the prior written consent of the other, such
 consent to not be unreasonably withheld or delayed.

12.3 An Indemnified
 Party shall have the right to employ separate counsel in any such suit and participate in
 its defence but the fees and expenses of that counsel shall be at the expense of the Indemnified
 Parties unless:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Company and the Indemnified Party mutually agree to retain such other counsel the employment
 of that counsel has been authorized in writing by the Company; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 named parties to any such claim (including any third or implicated party) include both the
 Indemnified Party, on the one hand, and the Company, on the other hand, and the representation
 of the Company and the Indemnified Party by the same counsel would be inappropriate due to
 actual or potential conflicting interests, in which event such fees and disbursements shall
 be paid by the Company to the extent that they have been reasonably incurred.

In each of the cases set out in subsections (a) or (b) the Company shall not have the right to assume the defence of the suit on behalf of the Indemnified Party, but the Company shall be liable to pay the reasonable fees and expenses of separate counsel for all Indemnified Parties; provided that no Indemnified Party shall be entitled to have more than one law firm in any jurisdiction on a solicitor and own client basis.

12.4 The Company
 shall not, without the prior written consent of the Underwriters, which shall not be unreasonably
 withheld, settle, compromise or consent to the entry of any judgment in any pending or threatened
 Claim in respect of which indemnification may be sought hereunder (whether or not the Underwriters
 or any of the Indemnified Parties are a party to such claim, action, suit or proceeding),
 unless such settlement, compromise or consent includes an unconditional release of each of
 the Indemnified Parties from all liability arising out of such claim, action, suit or proceeding.

12.5 Notwithstanding
 the foregoing, the Indemnified Party shall not be liable for the settlement of any claim
 or action in respect of which indemnity may be sought hereunder effected without its written
 consent, which consent shall not be unreasonably withheld.

12.6 The Company
 hereby acknowledges and agrees that, with respect to this section 12, the Underwriters
 are contracting on their own behalf and as agents for their affiliates, directors, officers,
 employees and agents and their respective affiliates' directors, officers, employees,
 partners, shareholders, advisers and agents (collectively, the "**Beneficiaries** ").
 In this regard, each of the Underwriters shall act as trustee for the Beneficiaries of the
 covenants of the Company under this section 12 with respect to the Beneficiaries and
 accepts these trusts and will hold and enforce those covenants on behalf of the Beneficiaries.

12.7 In order
 to provide for just and equitable contribution in circumstances in which the indemnity provided
 in this section 12 would otherwise be available in accordance with its terms but is,
 for any reason not attributable to any one or more of the Indemnified Parties, held to be
 unavailable to or unenforceable by an Indemnified Party or is insufficient to hold the Indemnified
 Party harmless, the Company shall contribute to the amount paid or payable (or, if such indemnity
 is unavailable only in respect of a portion of the amount so paid or payable, such portion
 of the amount so paid or payable) by such Indemnified Party as a result of such liabilities,
 claims, demands, losses (other than loss of profits in connection with the distribution of
 the Offered Securities), costs, damages and expenses:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in
 such proportion as is appropriate to reflect the relative benefits received by the Company
 on the one hand (being the proceeds of the Offering net of the Underwriters' Fee but
 before deducting expenses) and the Underwriters (being the Underwriters' Fee) on the
 other from the offering of the Offered Securities; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) if
 the allocation provided by clause (a) above is not permitted by applicable law, in such
 proportion as is appropriate to reflect not only the relative benefits referred to in clause
 (a) above but also the relative fault of the Company on the one hand and the Underwriters
 on the other hand in connection with the matters or things referred to in which resulted
 in such liabilities, claims, demands, losses, costs, damages or expenses, as well as any
 other relevant equitable considerations, provided that the Underwriters shall not in any
 event be liable to contribute, in the aggregate, any amount in excess of the Underwriters'
 Fee or any portion thereof actually received.

The relative fault of the Company on the one hand and of the Underwriters on the other shall be determined by reference to, among other things, whether the matters or things referred to in this section 12 which resulted in such liabilities, claims, demands, losses, costs, damages and expenses relate to information supplied by or steps or actions taken or done or not taken or done by or on behalf of the Company or to information supplied by or steps or actions taken or done or not taken or done by or on behalf of the Underwriters and the relative intent, knowledge, access to information and opportunity to correct or prevent such statement, omission or misrepresentation, or other matter or thing referred to this section 12. The amount paid or payable by an Indemnified Party as a result of the liabilities, claims, demands, losses, costs, damages and expenses referred to above shall be deemed to include any legal or other expenses reasonably incurred by such Indemnified Party in connection with investigating or defending any such liabilities, claims, demands, losses, costs, damages and expenses, whether or not resulting in an action, suit, proceeding or claim.

The parties agree that it would not be just and equitable if contribution pursuant to this section were determined by any method of allocation which does not take into account the equitable considerations referred to in this section.

**13.** **TERMINATION OF AGREEMENT** 

13.1 Except
 as otherwise provided herein, all terms and conditions set out herein shall be construed
 as conditions and any breach or failure by the Company to comply with any such conditions
 in favour of the Underwriters shall entitle any of the Underwriters to terminate in accordance
 with section 13.2 its obligation to purchase the Offered Securities by written notice
 to that effect given to the Company prior to the Closing Time on the Closing Date or Over-Allotment
 Option Closing Date (as applicable). The Company shall use its best efforts to cause all
 conditions in this Agreement to be satisfied. It is understood that each Underwriter may
 waive in whole or in part, or extend the time for compliance with, any of such terms and
 conditions without prejudice to its rights in respect of any subsequent breach or non-compliance,
 provided that to be binding on an Underwriter, any such waiver or extension must be in writing
 and signed by the Underwriter.

13.2 In addition
 to any other remedies which may be available to the Underwriters, each of the Underwriters
 shall have the right to terminate its obligations under this Agreement including its obligation
 to purchase Offered Securities upon delivery of written notice to the Company at any time
 up to the Closing of the Offering if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) there
 shall be any material change or change in a material fact, or there should be discovered
 any previously undisclosed material fact required to be disclosed in the Offering Documents
 or any amendment thereto, in each case which, in the reasonable opinion of the Underwriters
 (or any one of them), has or would reasonably be expected to result in a material adverse
 change in relation to the Company and have a significant adverse effect on the market price
 or value of the Offered Securities; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) (i) there
 should develop, occur or come into effect or existence any event, action, state, condition
 (including without limitation, terrorism, pandemic, plague or accident) or major financial
 occurrence of national or international consequence, including by way of COVID-19 (only to
 the extent that there are material adverse developments related thereto after the date hereof),
 or a new or change in any law or regulation which in the sole opinion of the Underwriters
 (or any one of them), significantly and adversely affects or would reasonably be expected
 to significantly and adversely affect the financial markets or the business, operations or
 affairs of the Company and its subsidiaries taken as a whole or the market price or value
 of the securities of the Company; (ii) any inquiry, action, suit, proceeding or investigation
 (whether formal or informal) is commenced, announced or threatened in relation to the Company
 or any one of the officers or directors of the Company or any of its principal shareholders
 where a material wrong-doing is alleged or any order is made by any federal, provincial,
 state, municipal or other governmental department, commission, board, bureau, agency or instrumentality
 (including without limitation the TSXV and NYSE American) or the Commissions or the SEC which
 involves a finding of wrong-doing that significantly and adversely affects or would reasonably
 be expected to significantly and adversely affect the business, operations or affairs of
 the Company and its subsidiaries taken as a whole or the market price or value of the securities
 of the Company; (iii) any order, action or proceeding which cease trades or otherwise
 operates to prevent or restrict the trading of the Offered Securities, or any other securities
 of the Company is made or threatened by the Commissions or the SEC; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the
 Company is in breach of any material term, condition or covenant of this Agreement that cannot
 be cured prior to the Closing Date or any material representation or warranty given by the
 Company in this Agreement becomes or is false and cannot be cured prior to the Closing Date.

13.3 The Underwriters
 shall make reasonable best efforts to give notice to the Company (in writing or by other
 means) of the occurrence of any of the events referred to in section 13.2 provided that
 neither the giving nor the failure to give such notice shall in any way affect the entitlement
 of the Underwriters to exercise their rights under section 13.2 at any time prior to
 or at the Closing Time on the Closing Date or the Over-Allotment Closing Date (as the case
 may be).

13.4 The rights
 of termination contained in this section 13 may be exercised by any Underwriters giving
 written notice thereof to the Company and the Lead Underwriters at any time prior to the
 Closing Time and are in addition to any other rights or remedies the Underwriters may have
 in respect of any default, act or failure to act or non-compliance by the Company in respect
 of any of the matters contemplated by this Agreement or otherwise.

13.5 If the
 obligations of an Underwriter are terminated under this Agreement pursuant to these termination
 rights, the Company's liabilities to the Underwriter shall be limited to the Company's
 obligations under section 7, section 12 and section 13.

**14.** **GENERAL** 

14.1 Any notice
 to be given hereunder shall be in writing and may be given by electronic delivery or by hand
 delivery and shall, in the case of notice to the Company, be addressed and delivered electronically
 or by hand to:

New Found Gold Corp.<br> 603 – 20 Adelaide Street East

Toronto, ON M5C 2T6

Canada

Attention: Keith Boyle, Chief Executive Officer<br> E-mail: [*Redacted – Personal Information*]

With a copy to: [*Redacted – Personal Information*]

with a copy (which shall not constitute notice) sent to:

Blake, Cassels & Graydon LLP<br> 3500 – 1133 Melville Street

Vancouver, BC V6E 4E5

Canada

Attention: Bob Wooder<br> E-mail: [*Redacted – Personal Information*]

and to

Paul, Weiss, Rifkind, Wharton & Garrison LLP

3100 – 77 King Street West

Toronto, ON M5K 1J3

Canada

Attention: Christopher J. Cummings

E-mail: [*Redacted – Personal Information*]

and in the case of the Underwriters, be addressed and delivered to each of:

If to BMO Nesbitt Burns Inc., addressed and sent to:

BMO Nesbitt Burns Inc.<br> 2300 – 595 Burrard Street

Vancouver, BC V7X 1L7

Canada

Attention: Carter Hohmann, Managing Director<br> E-mail: [*Redacted – Personal Information*]

If to SCP Resource Finance LP, addressed and sent to:

SCP Resource Finance LP

700 – 70 York Street

Toronto, ON M5J 1S9

Canada

Attention: Filipe Martins, Managing Partner

E-mail: [*Redacted – Personal Information*]

If to Canaccord Genuity Corp., addressed and sent to:

Canaccord Genuity Corp.

2100 – 40 Temperance Street

Toronto, ON M5H 0B4

Canada

Attention: Kevin Carter

E-mail: [*Redacted – Personal Information*]

If to National Bank Financial Inc., addressed and sent to:

National Bank Financial Inc.

3200 – 130 King street West

Toronto, ON M5X 1J9

Canada

Attention: Mary Zhang

E-mail: [*Redacted – Personal Information*]

If to Paradigm Capital Inc., addressed and sent to:

Paradigm Capital Inc.

95 Wellington Street West

Toronto, ON M5H 1J8

Canada

Attention: Alex MacIsaac

E-mail: [*Redacted – Personal Information*]

If to Roth Canada, Inc., addressed and sent to:

Roth Canada, Inc.

1921 – 130 King Street West

Toronto, ON M5X 2A2

Canada

Attention: Michael Tait

E-mail: [*Redacted – Personal Information*]

If to ATB Capital Markets Corp., addressed and sent to:

ATB Capital Markets Corp.

Suite 1800, 200 Bay Street

Toronto, ON M5J 2J2

Canada

Attention: Mario Maruzzo

E-mail: [*Redacted – Personal Information*]

If to Beacon Securities Limited, addressed and sent to:

Beacon Securities Limited

4050 – 66 Wellington Street West

Toronto, ON M5K 1H1

Canada

Attention: Daniel Belchers

E-mail: [*Redacted – Personal Information*]

If to CIBC World Markets Inc., addressed and sent to:

CIBC World Markets Inc.

161 Bay Street

Toronto, ON M5J 2S8

Canada

Attention: Steven Reid

E-mail: [*Redacted – Personal Information*]

If to Desjardins Securities Inc., addressed and sent to:

Desjardins Securities Inc.

1400 – 25 York Street

Toronto, ON M5J 2V5

Canada

Attention: Maciej Pach

E-mail: [*Redacted – Personal Information*]

If to Stifel Nicolaus Canada Inc., addressed and sent to:

Stifel Nicolaus Canada Inc.

3800 – 161 Bay Street

Toronto, ON M5J 2S1

Canada

Attention: Stephen Delaney

E-mail: [*Redacted – Personal Information*]

with a copy (which shall not constitute notice) sent to:

Borden Ladner Gervais LLP<br> 22 Adelaide Street West, Suite 3400<br> Toronto, Ontario M5H 4E3

Attention: Tim McCormick<br> E-mail: [*Redacted – Personal Information*]

and to

Skadden, Arps, Slate, Meagher & Flom LLP

One Manhattan West

New York, New York 10001-8602

Attention: Ryan J. Dzierniejko

E-mail: [*Redacted – Personal Information*]

The Company and the Underwriters may change their respective addresses for notice by notice given in the manner referred to above.

14.2 Time
 and each of the terms and conditions of this Agreement shall be of the essence of this Agreement.

14.3 The forbearance
 or failure of one of the parties hereto to insist upon strict compliance by the other with
 any provision of this Agreement, whether continuing or not, shall not be construed as a waiver
 of any rights or privileges hereunder. No waiver of any right or privilege of a party arising
 from any default or failure hereunder of performance by the other shall affect such party's
 rights or privileges in the event of a further default or failure of performance.

14.4 This
 Agreement constitutes the entire agreement between the parties hereto in respect of the matters
 referred to herein and there are no representations, warranties, covenants or agreements,
 expressed or implied, collateral hereto other than as expressly set forth or referred to
 herein and this Agreement supersedes any previous agreements, arrangements or understandings
 among the parties, including the "bought deal" bid letter dated April 20,
 2026.

14.5 The headings
 in this Agreement are for reference only and do not constitute terms of the Agreement.

14.6 Except
 as expressly provided for in this Agreement, all warranties, representations, covenants and
 agreements of the Company herein contained, or contained in, documents submitted or required
 to be submitted pursuant to this Agreement, shall survive the purchase by the Underwriters
 of the Offered Shares and any Additional Shares and shall continue in full force and effect,
 regardless of the closing of the sale of Offered Shares and any Additional Shares and regardless
 of any investigation which may be carried on by the Underwriters, or on their behalf, subject
 only to the applicable limitation period prescribed by law. For greater certainty, the provisions
 contained in this Agreement in any way related to the indemnification or the contribution
 obligations, including those provided for in section 12, shall survive and continue
 in full force and effect, subject only to the applicable limitation period prescribed by
 law.

14.7 The Company
 hereby acknowledges that the Underwriters are acting solely as underwriters in connection
 with the purchase and sale of the Offered Securities contemplated hereby. The Company further
 acknowledges that the Underwriters are acting pursuant to a contractual relationship created
 solely by this Agreement entered into on an arm's length basis, and in no event do
 the parties intend that the Underwriters act or be responsible as a fiduciary to the Company,
 its management, shareholders or creditors or any other person in connection with any activity
 that the Underwriters may undertake or have undertaken in furtherance of such purchase and
 sale of the Offered Securities, either before or after the date hereof. The Underwriters
 hereby expressly disclaim any fiduciary or similar obligations to the Company, either in
 connection with the Offering or any matters leading up to the Offering, and the Company hereby
 confirms its understanding and agreement to that effect. The Company and the Underwriters
 agree that they are each responsible for making their own independent judgments with respect
 to the Offering and that any opinions or views expressed by the Underwriters to the Company
 regarding the Offering, including, but not limited to, any opinions or views with respect
 to the price or market for the Offered Securities, do not constitute advice or recommendations
 to the Company. The Company and the Underwriters agree that the Underwriters are acting as
 principal and not the agent or fiduciary of the Company and no Underwriter has assumed, and
 no Underwriter will assume, any advisory responsibility in favour of the Company with respect
 to the Offering or the process leading thereto (irrespective of whether any Underwriter has
 advised or is currently advising the Company on other matters). The Company hereby waives
 and releases, to the fullest extent permitted by law, any claims that the Company may have
 against the Underwriters with respect to any breach or alleged breach of any fiduciary, advisory
 or similar duty to the Company in connection with Offering or any matters leading up to the
 Offering.

14.8 The Lead
 Underwriters are hereby authorized by each of the other Underwriters to act on its behalf
 and the Company shall be entitled to and shall act on any notice, waiver or extension given
 hereunder by the Lead Underwriters or agreement entered into by or on behalf of the Underwriters
 by the Lead Underwriters, which represents and warrants that it has irrevocable authority
 to bind the Underwriters with respect to all matters contained herein, except in respect
 of any waiver of a condition of closing contained in section 9, which waiver must be
 signed by all the Underwriters; any extension of any time requirement contained herein, which
 extension must be signed by all the Underwriters; any consent to a settlement pursuant to
 section 12, which consent shall be given by the Indemnified Party; a notice of termination
 pursuant to section 13, which notice may be given by any of the Underwriters exercising
 such right; or any waiver pursuant to section 13.1, which waiver must be signed by all
 the Underwriters. The Lead Underwriters shall, where practicable, consult with the other
 Underwriters concerning any matter in respect of which they act as representatives of the
 Underwriters.

14.9 In connection
 with the distribution of the Offered Securities, the Underwriters (or any of them) may effect
 transactions which stabilize or maintain the market price of the Common Shares at levels
 other than those which might otherwise prevail in the open market, but in each case as permitted
 by Applicable Securities Laws. Such stabilizing transactions, if any, may be discontinued
 by the Underwriters at any time.

14.10 No alteration,
 amendment, modification or interpretation of this Agreement or any provision of this Agreement
 shall be valid and binding upon the parties hereto unless such alteration, amendment, modification
 or interpretation is in written form executed by the parties directly affected by such alteration,
 amendment, modification or interpretation.

14.11 The
 parties hereto shall execute and deliver all such further documents and instruments and do
 all such acts and things as any party may, either before or after the Closing Date, reasonably
 require in order to carry out the full intent and meaning of this Agreement.

14.12 This
 Agreement may not be assigned by any party hereto without the prior written consent of all
 of the parties hereto.

14.13 This
 Agreement shall be subject to, governed by, and construed in accordance with the laws of
 the Province of British Columbia and the Canadian federal laws applicable therein.

14.14 The
 invalidity or unenforceability of any particular provision of this Agreement shall not affect
 or limit the validity or enforceability of the remaining provisions of this Agreement.

14.15 The
 parties may sign this Agreement in as many counterparts as may be deemed necessary and may
 be delivered by facsimile, portable document format or other electronic means all of which
 so signed and delivered shall be deemed to be an original and together shall constitute one
 and the same instrument.

14.16 The
 Underwriters hereby acknowledge that they have consented that this Agreement and all documents
 evidencing or relating in any way to the purchase be drawn up in the English language only. *Nous reconnaissons par les présentes avoir consenti que tous les documents faisant foi ou se rapportant de quelque manière à notre achat soient rédigés en anglais seulement.* 

*[**THIS SPACE IS INTENTIONALLY LEFT BLANK**]*

If the foregoing is in accordance with your understanding and agreed to by you, please signify your acceptance on the accompanying counterparts of this letter and return same to the Underwriters whereupon this letter as so accepted shall constitute an agreement between the Company and the Underwriters enforceable in accordance with its terms.

Yours truly,

---

| | | |
|:---|:---|:---|
| **BMO NESBITT BURNS INC.** | **BMO NESBITT BURNS INC.** | **BMO NESBITT BURNS INC.** |
| By: | (signed) *"Carter Hohmann*" | (signed) *"Carter Hohmann*" |
|  | Name: | Carter Hohmann |
|  | Title: | Managing Director |

---

---

| | |
|:---|:---|
| **SCP RESOURCE FINANCE LP, by its general partner,** | **SCP RESOURCE FINANCE LP, by its general partner,** |
| **SCP RESOURCE FINANCE GP INC.** | **SCP RESOURCE FINANCE GP INC.** |
| By: | (signed) *"David Wargo*" |
|  | Name: David Wargo |
|  | Title: CEO and Head of Investment Banking |

---

---

| | |
|:---|:---|
| **CANACCORD GENUITY CORP.** | **CANACCORD GENUITY CORP.** |
| By: | (signed) *"Kevin Carter*" |
|  | Name: Kevin Carter |
|  | Title: Managing Director |

---

---

| | |
|:---|:---|
| **NATIONAL BANK FINANCIAL INC.** | **NATIONAL BANK FINANCIAL INC.** |
| By: | (signed) *"Mary Zhang*" |
|  | Name: Mary Zhang |
|  | Title: Director, Investment Banking, Mining and Metals |

---

---

| | |
|:---|:---|
| **PARADIGM CAPITAL INC.** | **PARADIGM CAPITAL INC.** |
| By: | (signed) *"Chris Glavin*" |
|  | Name: Chris Glavin |
|  | Title: Partner, Head of Syndication |

---

---

| | |
|:---|:---|
| **ROTH CANADA, INC.** | **ROTH CANADA, INC.** |
| By: | (signed) *"Michael Tait*" |
|  | Name: Michael Tait |
|  | Title: Managing Director, Head of Investment Banking |

---

---

| | |
|:---|:---|
| **ATB CAPITAL MARKETS CORP.** | **ATB CAPITAL MARKETS CORP.** |
| By: | (signed) *"Mario Maruzzo*" |
|  | Name: Mario Maruzzo |
|  | Title: Managing Director, Investment Banking |

---

---

| | |
|:---|:---|
| **BEACON SECURITIES LIMITED** | **BEACON SECURITIES LIMITED** |
| By: | (signed) *"Daniel Belchers*" |
|  | Name: Daniel Belchers |
|  | Title: Managing Director, Investment Banking |

---

---

| | |
|:---|:---|
| **CIBC WORLD MARKETS INC.** | **CIBC WORLD MARKETS INC.** |
| By: | (signed) *"Steven Reid*" |
|  | Name: Steven Reid |
|  | Title: Managing Director |

---

---

| | |
|:---|:---|
| **DESJARDINS SECURITIES INC.** | **DESJARDINS SECURITIES INC.** |
| By: | (signed) *"Maciej Pach*" |
|  | Name: Maciej Pach |
|  | Title: Managing Director & Head of Global Mineral Resources & Mining |

---

---

| | |
|:---|:---|
| **STIFEL NICOLAUS CANADA INC.** | **STIFEL NICOLAUS CANADA INC.** |
| By: | (signed) *"Stephen Delaney*" |
|  | Name: Stephen Delaney |
|  | Title: Managing Director, Investment Banking |

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**[The remainder of this page has been left blank intentionally.]**

The foregoing is accepted and agreed to, effective as of the date appearing on the first page of this Agreement.

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| | |
|:---|:---|
| **NEW FOUND GOLD CORP.** | **NEW FOUND GOLD CORP.** |
| By: | (signed) *"Keith Boyle*" |
|  | Name: Keith Boyle |
|  | Title: Chief Executive Officer |

---

**Schedule 5.1<br> REPRESENTATIONS AND WARRANTIES**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) each
 of the Company and the Material Subsidiary is a duly incorporated company and validly existing
 and in good standing under the laws of its jurisdiction of incorporation and no proceedings
 have been instituted or, to the knowledge of the Company, are pending for the dissolution
 or liquidation or winding-up of the Company or the Material Subsidiary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 Company has no subsidiaries or affiliates other than the Material Subsidiary and 2823988
 Ontario Corp.;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the
 Company owns 4,157,466 common shares of Epic Gold Corp. (formerly, Exploits Discovery Corp.),
 and 28,612,500 common shares of Kirkland Lake Discoveries Corp., free and clear of any Lien.
 The Company has no other direct or indirect material investment or proposed material investment
 in any person;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the
 Company (i) is a reporting issuer (within the meaning of applicable Canadian Securities
 Laws) or the equivalent in all the provinces and territories of Canada, (ii) is not
 in default of any of the requirements of the applicable Canadian Securities Laws of the Canadian
 Qualifying Jurisdictions, and (iii) is eligible to file with each of the Canadian Qualifying
 Jurisdictions a prospectus in the form of a short form prospectus under NI 44-101 and a short
 form prospectus in the form of a base shelf prospectus under NI 44-102, and to otherwise
 avail itself of the Final Base Shelf Procedures with respect to the distribution of the Offered
 Securities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Canadian
 Final Prospectus complies with, and the Canadian Prospectus Supplement and Supplementary
 Material will, as of their respective dates, comply with, all applicable requirements of
 applicable Canadian Securities Laws, including NI 44-101 and NI 44-102;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) the
 Canadian Final Prospectus and, prior thereto, the Canadian Preliminary Prospectus regarding
 the issue and sale of the Offered Securities, have been filed with each of the Commissions,
 and receipts therefor have been issued by or on behalf of each of the Commissions, which
 receipts continue to be effective;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) the
 Common Shares are listed for trading on the TSXV and NYSE American and the Company is not
 in default of any of the listing requirements of the TSXV and NYSE American applicable to
 the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) at
 the date hereof, the authorized share structure of the Company consists of an unlimited number
 of Common Shares of which, as of the date of this Agreement, 345,212,549 Common Shares were
 issued and outstanding as fully paid and non-assessable shares in the authorized share structure
 of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) at
 the date hereof, there are stock options of the Company issued and outstanding, exercisable
 to acquire an aggregate of 6,203,286 Common Shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) at
 the date hereof, there are common share purchase warrants of the Company issued and outstanding,
 exercisable to acquire an aggregate of 13,760,865 Common Shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) at
 the date hereof, there are nil deferred share units of the Company issued and outstanding;

5.1 - 1 -

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) at
 the date hereof, there are restricted share units of the Company issued and outstanding,
 exercisable to acquire an aggregate of 2,427,682 Common Shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) at
 the date hereof, there are nil performance share units of the Company issued and outstanding;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) all
 documents previously published or filed by the Company with the Regulatory Authorities (the
 "**Continuous Disclosure Materials**") on or after December 31, 2025
 contain no untrue statement of a material fact as at the date thereof nor do they omit to
 state a material fact which, at the date thereof, was required to have been stated or was
 necessary to prevent a statement that was made from being false or misleading in the circumstances
 in which it was made and were prepared in accordance with and comply with Applicable Securities
 Laws and the Company is not in default of its filings under, nor has it failed to file or
 publish any document required to be filed under Applicable Securities Laws;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) all
 of the material transactions of the Company have been promptly and properly recorded or filed
 in or with its books or records and its minute books contain, in all material respects all
 of its material transactions, all records of the meetings and proceedings of its directors,
 shareholders and other committees, if any, since incorporation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p) the
 Company has the requisite corporate power, authority and capacity to enter into this Agreement,
 and to perform its obligations hereunder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q) this
 Agreement has been duly authorized, executed and delivered by the Company and constitutes
 a legal, valid and binding obligation of the Company, enforceable against the Company in
 accordance with its terms, except as enforcement hereof and thereof may be limited by bankruptcy,
 insolvency, reorganization, moratorium or similar laws affecting the rights of creditors
 generally and except as limited by the application of general equitable principles, including
 the limitation that rights of indemnity, contribution and waiver may be limited by applicable
 laws;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(r) the
 rights, privileges, restrictions, conditions and other terms attaching to the Common Shares
 of the Company will, at the Closing Time, conform in all material respects to the description
 thereof contained in the Prospectuses;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(s) the
 Financial Statements incorporated by reference into the Prospectuses have been prepared in
 conformity with IFRS, consistently applied throughout the periods involved, and comply as
 to form in all material respects with the applicable accounting requirements of Canadian
 Securities Laws. Such Financial Statements present fairly in all material respects the financial
 position, financial performance and cash flows of the Company as at the dates and for the
 periods of such Financial Statements. The other Financial Information included in the Prospectuses
 presents fairly in all material respects the information shown therein and, other than those
 aspects of the non-IFRS measures and industry metrics that are not derived from the Financial
 Statements, has been compiled on a basis consistent with that of the Financial Statements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(t) the
 pro forma financial statements and the related notes thereto incorporated by reference into
 the Prospectuses present fairly the information shown therein, have been prepared in accordance
 with IFRS and applicable Canadian Securities Laws and the assumptions used in the preparation
 thereof are reasonable and the adjustments used therein are appropriate to give effect to
 the transactions and circumstances referred to therein. The pro forma financial information
 included in the Prospectuses has been prepared on the bases described therein and the assumptions
 used in the preparation thereof are reasonable and the adjustments used therein are appropriate
 to give effect to the transactions and circumstances referred to therein;

5.1 - 2 -

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(u) to
 the knowledge of the Company, the consolidated financial statements of the Material Subsidiary,
 including the notes thereto, incorporated by reference into the Prospectuses have been prepared
 in conformity with IFRS, consistently applied throughout the periods involved, and comply
 as to form in all material respects with the applicable accounting requirements of Canadian
 Securities Laws. Such financial statements present fairly in all material respects the financial
 position, financial performance and cash flows of the Material Subsidiary as at the dates
 and for the periods of such financial statements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) no
 forecast, budget or projection provided by or on behalf of the Company to the Underwriters
 contains any misrepresentation and such forecasts, budgets and projections were prepared
 in good faith, disclosed all relevant assumptions and contain reasonable estimates of the
 prospects of the business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(w) all
 material accruals for unpaid vacation pay, premiums for unemployment insurance, health premiums,
 pension plan premiums, accrued wages, salaries and commissions and Employee Plans payments
 of the Company have been recorded in conformity, in all material respects, with IFRS and
 comply in all material respects as to form with the applicable accounting requirements of
 Applicable Securities Laws, and are reflected on the books and records of the Company. There
 are no outstanding violations or defaults under the Company's Employee Plans nor any
 actions, suits, claims, trials, demands, investigations, arbitration proceedings or other
 proceedings pending or threatened with respect to any of the Company's Employee Plans
 that would, individually or in the aggregate, have a material adverse effect. The execution,
 delivery and performance of this Agreement by the Company will not constitute an event or
 condition under any Employee Plan that entitles any employee or former employee to a payment,
 promise of payment, acceleration of vesting or any other benefit to which that individual
 would not otherwise be entitled;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) except
 as disclosed in the Prospectuses (including the documents incorporated by reference therein),
 the Company and the Material Subsidiary do not have any outstanding debentures, notes, mortgages
 or other indebtedness that is material to the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(y) the
 Company and the Material Subsidiary do not have, or on the Closing Date, will not have, incurred
 any material liabilities or obligations (whether accrued, absolute, contingent or otherwise)
 that continue to be outstanding, except: (i) as disclosed or contemplated in the Prospectuses
 (including the incorporated by reference therein); or (ii) as incurred in the ordinary
 course of business and which do not, individually or in the aggregate, have a material adverse
 effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(z) except
 as disclosed in the Prospectuses (including the documents incorporated by reference therein),
 since December 31, 2025, (i) there has not been any change in the share capital,
 long-term debt, financial condition or operations of the Company other than changes in the
 ordinary course of business or as disclosed in the Prospectuses; (ii) the business of
 the Company has been carried on in the ordinary course; (iii) none of the property or
 assets of the Company or the Material Subsidiary have been transferred, assigned, sold, distributed,
 distributed by way of dividend or otherwise disposed of other than in the ordinary course
 of business; and (iv) the Company and the Material Subsidiary have not cancelled any
 debts or entitlements other than in the ordinary course of business;

5.1 - 3 -

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(aa) to
 the knowledge of the Company, KPMG LLP is independent in accordance with the rules of
 professional conduct applicable to auditors in Canada, the Applicable Securities Laws, and
 the rules of the Public Company Accounting Oversight Board (United States), and there
 has not been any reportable event (within the meaning of NI 51-102) with such auditors with
 respect to audits of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(bb) to
 the knowledge of the Company, Davidson & Company LLP, who are reporting upon the
 audited financial statements of the Material Subsidiary included in the business acquisition
 report, dated November 13, 2025, incorporated by reference into the Prospectuses, were
 the auditors of the Material Subsidiary and were independent with respect to the Material
 Subsidiary in accordance with the rules of professional conduct applicable to auditors
 in Canada, the Applicable Securities Laws prior to the completion of the Company's
 acquisition of the Material Subsidiary, and there has not been any reportable event (within
 the meaning of NI 51-102) with such auditors with respect to audits of the Material Subsidiary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(cc) the
 Company has established and maintains a system of disclosure controls and procedures (as
 such term is defined in Rule 13a-15(e) of the U.S. Exchange Act and Canadian Securities
 Laws) designed to ensure that information required to be disclosed by it under Applicable
 Securities Laws will be recorded, processed, summarized and reported within the time periods
 specified in the Applicable Securities Laws. Such disclosure controls and procedures will
 include controls and procedures designed to ensure that information required to be disclosed
 will be accumulated and communicated to the management of the Company, including the chief
 executive officer and the chief financial officer, as appropriate to allow timely decisions
 regarding required disclosure and to the knowledge of the Company such disclosure controls
 and procedures are and will be effective;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(dd) the
 Company has established and maintains a system of internal accounting controls and internal
 control over financial reporting which is designed to be effective in providing reasonable
 assurance regarding the reliability of financial reporting and the preparation of financial
 statements for external purposes in accordance with IFRS. The Company believes that the Company's
 internal control over financial reporting (as such term is defined in Rule 13a-15(f) under
 the U.S. Exchange Act and Canadian Securities Laws) is effective and as of the date hereof,
 the Company has no knowledge of any "material weaknesses" in its internal control
 over financial reporting (as defined in NI 52-109);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ee) except
 as disclosed in the Prospectuses (including the documents incorporated by reference therein),
 the Company is not in material violation or material default of, nor will the execution of
 this Agreement, and the performance by the Company of its obligations hereunder and thereunder,
 result in any material breach or material violation of, or be in conflict with, or constitute
 a material default under, or create a state of facts which after notice or lapse of time,
 or both, would constitute a material default under, or give rise to any right to accelerate
 the maturity or require the prepayment of any indebtedness under, or result in the imposition
 of any Lien upon any property or assets of the Company pursuant to (i) any term or provision
 of the constating documents of the Company or any resolution of the directors or shareholders
 of the Company; (ii) any contract, mortgage, note, indenture, joint venture or partnership
 arrangement, agreement (written or oral), instrument, lease (including for real property)
 or licence to which the Company or the Material Subsidiary is a party or bound or to which
 any of the business, operations, property or assets of the Company is subject (collectively
 "**Company Contracts** "); or (iii) any statute, law, rule, regulation,
 judgment, order or decree applicable to the Company or its business, operations or assets,
 of any court, Governmental Authority, arbitrator, Commission or other authority having jurisdiction
 over the Company;

5.1 - 4 -

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ff) there
 are no business relationships, related-party transactions or off-balance sheet transactions
 involving the Company or any other person required to be described in the Prospectuses (including
 the documents incorporated by reference therein) which have not been described as required
 under IFRS; and there are no material contracts or other material documents that are required
 to be described in the Prospectuses under Applicable Securities Laws which have not been
 described therein;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(gg) all
 material Company Contracts have been made available to the Underwriters in the Company's
 data room, and all material Company Contracts are valid and binding obligations of the Company
 or the Material Subsidiary and are in good standing; and (i) no event of default or
 event which after the giving of notice or the lapse of time or both would constitute an event
 of default, has occurred and is outstanding under any material Company Contracts; (ii) the
 Company has no knowledge of any default by the other parties to each material Company Contract;
 and (iii) neither the Company nor the Material Subsidiary has waived any material rights
 under any material Company Contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(hh) there
 is no requirement to obtain a consent, approval or waiver of a party under any Company Contract
 in respect of any of the transactions contemplated by this Agreement, other than such consents,
 approvals and waivers as have been obtained by the Company as at the date hereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) no
 Commission, stock exchange (including the TSXV or NYSE American) or comparable authority
 has issued any order preventing or suspending the use of the Prospectuses, or any amendment
 thereto, if any, nor instituted proceedings for that purpose and no such proceedings are
 pending or, to the knowledge of the Company, contemplated or threatened;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(jj) Computershare
 Investor Services Inc. is duly appointed as registrar and transfer agent for the common shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(kk) there
 is no litigation, arbitration or governmental or other proceeding, suit or investigation
 at law or in equity before any court or arbitrator or before or by any federal, provincial,
 state, municipal or other governmental or public department, commission, board, agency or
 body, domestic or foreign, in progress, pending or, to the knowledge of the Company, threatened
 against, or involving the assets, properties or business of, the Company or the Material
 Subsidiary which is material or which would adversely affect the consummation of the transactions
 contemplated by this Agreement in any material respect or the performance by the Company
 of its obligations hereunder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ll) (i) the
 Company and the Material Subsidiary are in compliance in all material respects with the provisions
 of applicable federal, provincial, state, local and foreign laws and regulations respecting
 employment; (ii) no labour dispute with the employees of the Company or the Material
 Subsidiary exists or is pending or, to the knowledge of the Company, threatened or imminent,
 and the Company has no knowledge of any existing or imminent labour disturbance by the employees
 of the Company or the Material Subsidiary's principal suppliers and contractors, which
 in either case, may have or result, individually or in the aggregate, in a material adverse
 effect; (iii) the labour relations of the Company and the Material Subsidiary are satisfactory;
 and (iv) no collective agreement or collective bargaining agreement or modification
 thereof has expired and none is currently being negotiated by the Company or the Material
 Subsidiary;

5.1 - 5 -

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(mm) no
 supplier of the Company or the Material Subsidiary has notified the Company or the Material
 Subsidiary in writing, and to the knowledge of the Company, there is no reason to believe,
 that any such supplier will not continue dealing with the Company or the Material Subsidiary
 on substantially the same terms as presently conducted, subject to changes in pricing and
 volume in the ordinary course;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(nn) the
 Company and the Material Subsidiary have obtained and maintain in good standing all approvals
 and exemptions necessary for the operation of its business under applicable laws, except
 where the failure to obtain or maintain such approvals and exemptions would not have a material
 adverse effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(oo) except
 as described in the Prospectuses (including the documents incorporated by reference therein),
 there are no bonuses, distributions or salary payments which will be payable, outside the
 ordinary course of business by the Company or the Material Subsidiary, to any executive officer
 or director of the Company or the Material Subsidiary after the Closing Date relating to
 their employment with, or services rendered to, the Company or the Material Subsidiary prior
 to the Closing Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(pp) other
 than usual and customary health and related benefit plans for employees, the Prospectuses
 disclose to the extent required by Applicable Securities Laws each Employee Plan, each of
 which has been maintained in all material respects with its terms and with the requirements
 prescribed by any and all statutes, orders, rules and regulations that are applicable
 to such Employee Plans;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(qq) (i) there
 are no workers' compensation claims pending against the Company or the Material Subsidiary;
 and (ii) to the knowledge of the Company (A) none of the executive officers of
 the Company described in the Prospectuses (including the documents incorporated by reference
 therein) has any plans to terminate his or her employment, (B) none of the executive
 officers of the Company described in the Prospectuses (including the documents incorporated
 by reference therein) is subject to any secrecy or non-competition agreement or any other
 agreement or restriction of any kind that would impede in any way the ability of such executive
 officer to carry out fully all activities of such executive officer in furtherance of the
 Company's business, and (C) none of the executive officers of the Company described
 in the Prospectuses (including the documents incorporated by reference therein) or any other
 employee or former employee of the Company has any claim with respect to any Intellectual
 Property rights of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(rr) none
 of the Company, any subsidiaries or any director or officer of the Company or any subsidiaries
 or, to the knowledge of the Company, any agent, employee, affiliate or other person acting
 on behalf of the Company or any subsidiaries, is aware of or has taken any action, directly
 or indirectly, that would result in a violation by such persons of the *Foreign Corrupt Practices Act of 1977*, as amended, and the rules and regulations thereunder (the
 "**FCPA**") or the *Corruption of Foreign Public Officials Act* (Canada)
 (the "**CFPOA**") or any applicable law of similar effect of another jurisdiction,
 including, without limitation, making use of the mails or any means or instrumentality of
 interstate commerce corruptly in furtherance of an offer, payment, promise to pay or authorization
 of the payment of any money, or other property, gift, promise to give, or authorization of
 the giving of anything of value to any "foreign official" (as such term is defined
 in the FCPA) or any foreign political party or official thereof or any candidate for foreign
 political office, in contravention of the FCPA or the CFPOA and the Company and, to the knowledge
 of the Company, its affiliates have conducted their businesses in compliance with the FCPA
 and the CFPOA and have instituted and maintain policies and procedures designed to ensure,
 and which are reasonably expected to continue to ensure, continued compliance therewith;

5.1 - 6 -

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ss) neither
 the Company nor any subsidiaries, nor, to the knowledge of the Company, any director or officer
 of the Company or any subsidiaries, any agent, employee or representative of the Company
 or any subsidiaries, affiliate or other person associated with or acting on behalf of the
 Company or any subsidiaries is currently subject to any sanctions administered or enforced
 by the U.S. government (including, without limitation, the Office of Foreign Assets Control
 of the U.S. Department of Commerce, U.S. Treasury Department or the U.S. Department of State
 and including, without limitation, the designation as a "specially designated national"
 or "blocked person"), Canada, the United Nations Security Council, the European
 Union, His Majesty's Treasury or other relevant sanctions authority (collectively,
 "**Sanctions** "), nor is the Company or any subsidiaries located, organized
 or resident in a country or territory that is the subject or the target of Sanctions, including,
 without limitation, the Crimea Region of Ukraine, the so-called Donetsk People's Republic,
 the so-called Luhansk People's Republic, Cuba, Iran, North Korea and Syria (with
 respect to Syria only until July 1, 2025) (each, a "**Sanctioned Country** ");
 and the Company will not directly or indirectly use the proceeds of the offering of the Shares
 hereunder, or lend, contribute or otherwise make available such proceeds to any subsidiary,
 joint venture partner or other person or entity (i) to fund or facilitate any activities
 of or business with any person that, at the time of such funding or facilitation, is the
 subject or the target of Sanctions, (ii) to fund or facilitate any activities of or
 business in any Sanctioned Country or (iii) in any other manner that will result in
 a violation by any person (including any person participating in the transaction, whether
 as underwriter, advisor, investor or otherwise) of Sanctions. Since April 24, 2019,
 the Company and any subsidiaries have not knowingly engaged in, are not now knowingly engaged
 in, and will not engage in, any dealings or transactions with any person that at the time
 of the dealing or transaction is or was the subject or the target of Sanctions or with any
 Sanctioned Country;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(tt) (i) the
 operations of the Company and any subsidiaries are and have been conducted at all times in
 material compliance with applicable financial recordkeeping and reporting requirements of
 the Currency and Foreign Transactions Reporting Act of 1970, as amended, the Proceeds of
 Crime (Money Laundering) and Terrorist Financing Act (Canada) and the money laundering statutes
 of all jurisdictions, the rules and regulations thereunder and any related or similar
 rules, regulations or guidelines, issued, administered or enforced by any governmental authority
 (collectively, the "**Anti-Money Laundering Laws**") and no action, suit or
 proceeding by or before any court, governmental authority or arbitrator involving the Company
 or any subsidiaries with respect to Anti-Money Laundering Laws is pending or, to the best
 knowledge of the Company, threatened and (ii) none of the Company or any subsidiaries,
 to the knowledge of the Company, any director or officer of the Company or any subsidiaries,
 any agent, employee, affiliate or other person acting on behalf of the Company or any subsidiaries
 has (A) made any unlawful contribution to any candidate for non-United States office,
 or failed to disclose fully any such contribution in violation of law, or (B) made any
 payment to any federal or state governmental officer or official, or other person charged
 with similar public or quasi-public duties, other than payments required or permitted by
 the laws of the United States or Canada of any jurisdiction thereof;

5.1 - 7 -

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(uu) (i) the
 Company, owns or has the right to use all patents, patent rights, licences, inventions, copyrights,
 know how (including trade secrets and other unpatented and/or unpatentable proprietary or
 confidential information, systems or procedures), trade-marks, service marks, trade names
 and other intellectual property (collectively, "**Intellectual Property** ")
 and all technology used or held for use in the conduct of the business now operated by the
 Company without any conflict with or infringement upon the rights of others, in each case
 with such exceptions as would not, individually or in the aggregate, result in a material
 adverse effect and subject to limitations contained in any applicable license agreement;
 (ii) to the knowledge of the Company, there is no material infringement by third parties
 of such Intellectual Property; and (iii) there is no action, suit, proceeding or claim
 pending or, to the knowledge of the Company, threatened by others challenging the Company's
 rights in or to any Intellectual Property or the validity or scope of any Intellectual Property
 owned, licensed or commercialized by the Company, and the Company has no knowledge of any
 other fact which could form a reasonable basis for any such action, suit, proceeding or claim
 in each case, except as would not, individually or in the aggregate, result in a material
 adverse effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vv) the
 Company has not taken, nor will the Company take, any action which is designed to or which
 constitutes or might reasonably be expected to cause or result in stabilization or manipulation
 of the price of any security of the Company to facilitate the sale or resale of the Offered
 Securities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ww) no
 approval, authorization, consent, permit, qualification, license, decree or order from, and
 no filing, registration or recording with, any Governmental Authority having jurisdiction
 over the Company is required for the performance by the Company of its obligations under
 this Agreement, the issuance and sale of the Offered Securities or the transactions contemplated
 by this Agreement, except as have been or will be obtained or made prior to the Closing Time;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xx) the
 Company and the Material Subsidiary possess all permits, licenses, approvals, consents and
 other authorizations (collectively, "**Governmental Licenses**") issued by
 the appropriate federal, provincial, state, local or foreign regulatory agencies or bodies
 necessary to conduct the business now operated by it, except where the failure to hold such
 Governmental Licenses would not, individually or in the aggregate, result in a material adverse
 effect. The Company and the Material Subsidiary are in compliance with the terms and conditions
 of all such Governmental Licenses, except where the failure so to comply would not, individually
 or in the aggregate, result in a material adverse effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(yy) all
 of the leases, subleases and agreements in real property (other than mining claims, mineral
 or exploration concessions and other mineral property rights) material to the business of
 the Company, and under which the Company has an interest as described in the Prospectuses
 (including any documents incorporated by reference therein), are in full force and effect,
 and the Company has not received any notice of any material claim of any sort that has been
 asserted by anyone adverse to the rights of the Company under any of the leases or subleases
 mentioned above, or affecting or questioning the rights of the Company to the continued possession
 of the property under any such lease, sublease, or agreement, except as disclosed in the
 Prospectuses (including any documents incorporated by reference therein);

5.1 - 8 -

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(zz) the
 Technical Reports comply in all material respects with the requirements of NI 43-101 at the
 time of filing thereof. The assumptions contained in the Technical Reports are reasonable
 in the circumstances;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(aaa) the
 material mining licenses, claims, concessions, exploration, extraction and other mineral
 property rights that are set forth in Schedule "B" ()"**Mining Claims** "),
 is a complete and accurate list of all such rights held by the Company to the Queensway Gold
 Project and by the Material Subsidiary to the Hammerdown Gold Project. All assessments or
 other work required to be performed in relation to such Mining Claims in order to maintain
 the interests of the Company and the Material Subsidiary therein have been performed to date
 and the Company and the Material Subsidiary have complied in all material respects with all
 applicable governmental laws, regulations and policies in this regard as well as with all
 legal or contractual obligations to third parties in this regard. All Mining Claims of the
 Company and the Material Subsidiary are in good standing, are valid and enforceable, are
 free and clear of any material Liens or charges and no material royalty is payable in respect
 of any of them, except as set out in the Prospectuses and the Continuous Disclosure Materials.
 Except as set out in the Prospectuses (including any documents incorporated by reference
 therein), no other property rights are necessary for the current conduct of the Company's
 business and there are no material restrictions on the ability of the Company or the Material
 Subsidiary to use, transfer or otherwise exploit any such property rights except as required
 by applicable law. Except as disclosed in the Prospectuses (including any documents incorporated
 by reference therein), (i) the Company is the owner of Mining Claims necessary to carry
 on its current exploration activities at the Queensway Gold Project and the Material Subsidiary
 is the owner of Mining Claims necessary to carry on its current exploration activities at
 the Hammerdown Gold Project; and (ii) Mining Claims held by the Company and the Material
 Subsidiary cover the properties required by the Company and the Material Subsidiary for such
 purposes as contemplated by the Technical Reports;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(bbb) the
 Queensway Gold Project and the Hammerdown Gold Project are the only properties that are material
 to the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ccc) the
 information set forth in the Offering Documents relating to the Queensway Gold Project and
 the Hammerdown Gold Project has been reviewed and verified by the author described under
 the heading "Interests of Experts" in the Final Prospectus and, in all cases,
 the information has been prepared in accordance with Canadian industry standards set forth
 in NI 43-101. Furthermore, no material information was withheld from the author of the Technical
 Reports for the purposes of preparing that report. All statements of fact relating to the
 Company and its activities contained in the Technical Reports are true and accurate as of
 the date thereof and no such fact has been omitted therefrom (or information withheld) the
 omission of which would make any statement of fact therein misleading;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ddd) the
 Company is in compliance with the provisions of NI 43-101 in all material respects and has
 filed all technical reports required thereby and there has been no change that would require
 the filing of a new technical report under NI 43-101;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(eee) the
 Technical Reports were prepared in accordance with NI 43-101 and are accurate in all material
 respects, do not contain a misrepresentation and fairly represent the status of the exploration
 activities for the Queensway Gold Project and the Hammerdown Gold Project;

5.1 - 9 -

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(fff) the
 Company and the Material Subsidiary have all necessary surface rights, access rights and
 other necessary rights and interests relating to the Queensway Gold Project and the Hammerdown
 Gold Project granting, to the extent applicable, the Company or the Material Subsidiary the
 right and ability to explore for the natural resources located thereon, including minerals,
 as are appropriate in view of the rights and interest therein of the Company and the Material
 Subsidiary, with only such exceptions as do not materially interfere with the use made by
 the Company or the Material Subsidiary of the rights or interest so held; neither the Company
 nor the Material Subsidiary have any responsibility or obligation to pay any commission,
 royalty, licence, fee or similar payment to any person with respect to the property rights
 related to the Queensway Gold Project or the Hammerdown Gold Project other than, in all such
 cases, as disclosed in the Prospectuses (including any documents incorporated by reference
 therein);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ggg) to
 the knowledge of the Company, neither the Company nor the Material Subsidiary is subject
 to any contingent or other liability relating to the restoration or rehabilitation of land,
 water or any other part of the environment (except for those derived from normal exploration
 or mining activities) or non-compliance with Environmental Laws that could reasonably be
 expected to have a material adverse effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(hhh) to
 the knowledge of the Company, all activities on the properties of the Company and the Material
 Subsidiary have been conducted in all material respects in accordance with good engineering
 practices and all applicable workers' compensation and health and safety and workplace
 laws, regulations and policies have been duly complied with in all material respects on the
 properties of the Company and the Material Subsidiary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) to
 the knowledge of the Company, there are no claims or actions with respect to aboriginal or
 native rights currently threatened or pending in respect of the Queensway Gold Project or
 the Hammerdown Gold Project that would have a material adverse effect on the Company. The
 Company is not aware of any material land entitlement claims or aboriginal land claims having
 been asserted or any legal actions relating to aboriginal or community issues having been
 instituted with respect to the Queensway Gold Project or the Hammerdown Gold Project, and
 no material dispute in respect of such properties with any local or aboriginal or native
 group exists or, to the knowledge of the Company, is threatened or imminent with respect
 thereto or activities thereon, other than claims, actions or disputes that would not have
 a material adverse effect on the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(jjj) to
 the knowledge of the Company, there are no material complaints, issues, proceedings, or discussions,
 which are ongoing or anticipated which could have the effect of interfering, delaying or
 impairing the ability to explore, develop or operate the Queensway Gold Project or the Hammerdown
 Gold Project in a manner that would have a material impact on the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(kkk) except
 as described or disclosed in the Prospectus (including the documents incorporated by reference
 therein), none of the directors, officers or employees of the Company, any known holder of
 more than 10% of any class of securities of the Company or securities of any person exchangeable
 for more than 10% of any class of securities of the Company, or any known associate or affiliate
 of any of the foregoing persons or companies, has had any material interest, direct or indirect,
 in any transaction within the previous two years or any proposed material transaction which,
 as the case may be, materially affected or is reasonably expected to materially affect the
 Company;

5.1 - 10 -

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(lll) to
 the knowledge of the Company, none of the Company's directors or officers is now, or
 has ever been, subject to an order or ruling of any securities regulatory authority or stock
 exchange prohibiting such individual from acting as a director or officer of a public company
 or of a company listed on a particular stock exchange (including the TSXV and NYSE American);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(mmm) except
 as described in the Prospectuses (including any documents incorporated by reference therein),
 no director or officer of, or any other person not dealing at arm's length with the
 Company, will continue after Closing to be engaged in any material transaction or arrangement
 with or to be a party to a material contract with, or have any material indebtedness, liability
 or obligation to, the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(nnn) except
 as described in the Prospectuses (including any documents incorporated by reference therein),
 neither the Company nor the Material Subsidiary is a party to or bound by, and none of the
 business, operations, property or assets of the Company or the Material Subsidiary is subject
 to, any material non-arm's length agreements or arrangements other than on terms and
 at a price that would have applied if the parties had been dealing at arm's length;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ooo) except
 as described in the Prospectuses (including any documents incorporated by reference therein)
 and subject to applicable law, (i) the Company is not currently, and will not be following
 the Closing, prohibited directly or indirectly, from paying any dividends or from making
 any other distributions on its share capital;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ppp) except
 as described in the Prospectuses (including any documents incorporated by reference therein),
 (i) neither the Company nor the Material Subsidiary is in any material respect in violation
 of any currently applicable federal, provincial, state, local or foreign statute, law, rule,
 regulation, ordinance or code relating to pollution or protection of human health, the environment
 (including, without limitation, ambient air, surface water, groundwater, land surface or
 subsurface strata) or wildlife, including, without limitation, laws and regulations relating
 to the release or threatened release of pollutants, contaminants, wastes, toxic substances,
 hazardous substances, petroleum or petroleum products, asbestos containing materials or mold
 (collectively, "**Hazardous Materials**") or to the manufacture, processing,
 distribution, use, treatment, storage, disposal, transport or handling of Hazardous Materials
 (collectively, "**Environmental Laws** "); (ii) each of the Company and
 the Material Subsidiary has all material permits, authorizations and approvals required under
 any applicable Environmental Laws to conduct the business now operated by it and is in compliance,
 in all material respects, with the requirements of such permits, authorizations and approvals;
 (iii) there are no pending material administrative, regulatory or judicial actions,
 suits, demands, demand letters, claims, liens, notices of non-compliance or violation, investigation
 or proceedings relating to any Environmental Law against the Company or the Material Subsidiary;
 and (iv) neither the Company nor the Material Subsidiary has received any written notice
 within the past five years alleging in any manner that it is responsible, or potentially
 responsible for any release of Hazardous Materials, any penalties or liabilities arising
 under any Environmental Laws or any violation of Environmental Laws. To the knowledge of
 the Company, there are no material costs or liabilities associated with the Company's
 or the Material Subsidiary's compliance with Environmental Laws;

5.1 - 11 -

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(qqq) the
 Company and the Material Subsidiary have (i) timely filed (or has had timely filed on
 its behalf) all returns, declarations, reports, estimates, information returns, elections
 and statements ()"**Returns**") required to be filed with or sent to any taxing
 authority having jurisdiction since incorporation or organization and all such Returns have,
 in all material respects, been prepared in accordance with the provisions of all applicable
 legislation and are true, correct and complete in all material respects; (ii) timely
 and properly paid (or has had paid on its behalf), all material governmental taxes and other
 charges due or claimed to be due by a Governmental Authority (including all instalments on
 account of taxes for the current year); and (iii) has properly withheld or collected
 and remitted all material amounts required to be withheld or collected and remitted by it
 in respect of any governmental taxes or other charges;

5.1 - 12 -

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(rrr) the
 Company has not been notified of, nor is it a party to, any shareholders' agreement,
 voting agreement, investor rights agreement or other agreement which in any manner affects
 the voting or control of any securities of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(sss) the
 Common Shares (including all of the Offered Securities) will be, as of the Closing Date,
 conditionally approved for listing and trading on the TSXV and NYSE American, subject only
 to the satisfaction of the customary listing conditions set forth in the conditional approval
 letter of the TSXV and NYSE American, as applicable, regarding the listing and posting on
 the TSXV and NYSE American of the Offered Securities, copies of which have been provided
 to the Underwriters;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ttt) no
 order, ruling or determination having the effect of suspending the sale or ceasing the trading
 or distribution of the Offered Securities or any other securities of the Company has been
 issued by any regulatory authority and is continuing in effect and no proceedings for that
 purpose have been instituted or are pending or, to the knowledge of the Company, threatened,
 under any of the Applicable Securities Laws;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(uuu) policies
 of insurance issued by insurers of recognized financial responsibility are maintained in
 respect of the operations, properties and assets, employees, directors and officers of the
 Company and the Material Subsidiary in such amounts and covering such risks as are prudent
 and customary in the businesses in which they are engaged, and such policies of insurance
 will, on and after the Closing Date, be maintained for the benefit of the Company and the
 Material Subsidiary. All such policies of insurance are in full force and effect and no material
 default exists under such policies of insurance as to the payment of premiums or otherwise
 under the terms of any such policy, there are no claims by the Company or the Material Subsidiary
 under any such policy or instrument as to which any insurance company is denying liability
 or defending under a reservation of rights clause; and the Company has no knowledge that
 it will not be able to renew the Company's existing insurance coverage as and when
 such coverage expires or to obtain similar coverage from similar insurers as may be necessary
 to continue its business. Neither the Company nor the Material Subsidiary has been denied
 any insurance coverage which it has sought or for which it has applied;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vvv) copies
 of the minute books and records of the Company and the Material Subsidiary have been made
 available to counsel for the Underwriters in connection with their due diligence investigation
 in respect of the Offering constitute all of the minute books and records of such entities
 and contain copies of all proceedings (or certified copies thereof) in respect of matters
 of the shareholders (or equivalent), the boards of directors (or equivalent) and all committees
 of the boards of directors (or equivalent) of the Company and the Material Subsidiary to
 the date of review of such corporate records and minute books and there have been no other
 meetings, resolutions or proceedings in respect of matters of the shareholders (or equivalent),
 board of directors (or equivalent) or any committees of the board of directors (or equivalent)
 of the Company or the Material Subsidiary to the date of review of such corporate records
 and minute books not reflected in such minutes and other records other than those in respect
 of which no material corporate matter or business was approved or transacted;

5.1 - 13 -

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(www) except
 as contemplated hereby, there is no person acting at the request of the Company who is entitled
 to any brokerage or agency fee in connection with the sale of the Offered Securities contemplated
 herein;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxx) except
 as disclosed in the Prospectuses (including the documents incorporated by reference therein),
 the Company has not completed any "significant acquisition", "significant
 disposition" or is it proposing any "probable acquisitions" (as such terms
 are defined in NI 51-102) that would require the inclusion of any additional financial statements
 or pro forma financial statements in the Offering Documents pursuant to Applicable Securities
 Laws;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(yyy) the
 Company has a reasonable basis for disclosing any forward-looking statements (within the
 meaning of Section 27A of the U.S. Securities Act and Section 21E of the U.S. Exchange
 Act) and any forward-looking information (within the meaning of Canadian Securities Laws)
 contained or incorporated by reference in the Registration Statement, the Prospectuses and
 the Pricing Disclosure Package and is not, as of the date hereof, required to update any
 such forward looking information pursuant to NI 51-102, and such forward looking information
 contained in the Registration Statement, the Prospectuses and the Pricing Disclosure Package
 reflects the best currently available estimates and good faith judgments of the management
 of the Company, as the case may be, as to the matters covered thereby;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(zzz) the
 Company has no knowledge of any pending or contemplated change to any law, regulation or
 position of a Governmental Authority that would reasonably be expected to have a material
 adverse effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(aaaa) the
 Company is in compliance in all material respects with all applicable effective provisions
 of the *Sarbanes-Oxley Act of 2002* and the rules and regulations promulgated in
 connection therewith;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(bbbb) there
 are no persons with registration rights or other similar rights to have any securities registered
 for sale pursuant to the Registration Statement or otherwise registered for sale or sold
 by the Company under the U.S. Securities Act pursuant to this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(cccc) since
 the date of the latest audited consolidated financial statements of the Company included
 or incorporated by reference in the Pricing Disclosure Package, there has been no change
 in the Company's internal control over financial reporting that has materially affected,
 or is reasonably likely to materially affect, the Company's internal control over financial
 reporting;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(dddd) the
 Company is not and, after giving effect to application of the net proceeds of the Offering
 as described in the Registration Statement, the Prospectuses and the Pricing Disclosure Package,
 will not be, required to register as an "investment company" under the *Investment Company Act of 1940*, as amended (the "**Investment Company Act** ");

5.1 - 14 -

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(eeee) there
 are no transfer taxes or similar fees or charges under Canadian or United States federal
 law or the laws of any state, province or any political subdivision thereof required to be
 paid in connection with the execution, delivery and performance of this Agreement or the
 issuance by the Company or sale by the Company of the Offered Securities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ffff) there
 are no stamp duties, fees, registration or documentary taxes, duties or other similar charges
 payable (either by direct assessment or withholding) under Canadian or United States federal
 law or the laws of any state, province or any political subdivision thereof in connection
 with (i) the execution and delivery of this Agreement, (ii) the enforcement or
 admissibility in evidence of this Agreement, (iii) the creation, issuance sale and delivery
 of the Offered Securities to the Underwriters or the U.S. Affiliates or (iv) the resale
 and delivery of the Offered Securities by the Underwriters in the manner contemplated herein;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(gggg) at
 the earliest time thereafter that the Company or any offering participant made a bona fide
 offer (within the meaning of Rule 164(h)(2) under the U.S. Securities Act) of the
 Offered Securities and at the date hereof, the Company was not and is not an "ineligible
 issuer" as defined in Rule 405 under the U.S. Securities Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(hhhh) as
 of the date hereof, the Registration Statement and any post-effective amendment thereto will
 comply in all material respects with the U.S. Securities Act and the applicable rules and
 regulations of the SEC, and will not contain any untrue statement of a material fact or omit
 to state a material fact required to be stated therein or necessary in order to make the
 statements therein not misleading; the U.S. Preliminary Prospectus complied, as of the
 time of filing thereof, and the U.S. Final Prospectus, as of the time of filing thereof,
 will comply, in all material respects with the applicable requirements of U.S. Securities
 Laws; the U.S. Preliminary Prospectus, as of the time of filing thereof, did not, and
 the U.S. Final Prospectus, as of the time of filing thereof and as of the Closing Date and
 the Over-Allotment Closing Date, as the case may be, will not, contain any untrue statement
 of a material fact or omit to state a material fact required to be stated therein or necessary
 in order to make the statements therein, in light of the circumstances under which they were
 made, not misleading; the Pricing Disclosure Package, as of the Applicable Time, did
 not contain any untrue statement of a material fact or omit to state a material fact required
 to be stated therein or necessary to make the statements therein, in light of the circumstances
 under which they were made, not misleading; provided, however, that this representation
 and warranty shall not apply to any information contained in or omitted from any U.S. Offering
 Document in reliance upon and in conformity with information furnished in writing to the
 Company by or on behalf of any Underwriter through the Lead Underwriters specifically for
 use therein; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iiii) the
 Company (including its agents and representatives, other than the Underwriters in their capacity
 as such) has not prepared, used, authorized, approved or referred to and will not prepare,
 use, authorize, approve or refer to any Issuer Free Writing Prospectus related to the offering
 of the Offered Securities that is a "written communication" (as defined in Rule 405
 under the U.S. Securities Act), except in accordance with Section 2.5 of the Agreement.
 Each such Issuer Free Writing Prospectus complied in all material respects with the applicable
 U.S. Securities Laws, has been or will be (within the time period specified in Rule 433
 under the U.S. Securities Act) filed in accordance with the U.S. Securities Act (to the extent
 required thereby) and, when taken together with the Pricing Disclosure Package as of the
 Applicable Time, each such Issuer Free Writing Prospectus, did not, and as of the Closing
 Date and the Over-Allotment Closing Date, as the case may be, will not, contain any untrue
 statement of a material fact or omit to state a material fact necessary in order to make
 the statements therein, in the light of the circumstances under which they were made, not
 misleading; provided, however, that this representation and warranty shall not apply
 to any information contained in or omitted from the any Issuer Free Writing Prospectus in
 reliance upon and in conformity with information furnished in writing to the Company by or
 on behalf of any Underwriter through the Lead Underwriters specifically for use therein.
 Each such Issuer Free Writing Prospectus did not, does not and will not include any information
 that conflicted, conflicts or will conflict with the information contained in the Registration
 Statement or the U.S. Final Prospectus.

5.1 - 15 -

**Schedule "A"** **<br> MATTERS IN RESPECT OF WHICH COMPANY'S COUNSEL SHALL DELIVER OPINIONS<br> PURSUANT TO SUBSECTION 6.1(K)(III)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Company is a "reporting issuer", or its equivalent, in each of the Canadian Qualifying
 Jurisdictions and it is not listed as in default of any requirement of the Applicable Securities
 Laws in any of the Canadian Qualifying Jurisdictions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) each
 of the Company and the Material Subsidiary is validly existing and is in good standing under
 the *Business Corporations Act* (British Columbia);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) each
 of the Company and the Material Subsidiary has all requisite corporate power, capacity and
 authority under the laws of its jurisdiction of incorporation or formation to carry on its
 businesses as presently carried on and to own its property and assets as described in the
 Offering Documents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the
 authorized and issued and outstanding share capital of the Company and the Material Subsidiary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) no
 authorization, consent or approval of, or filing, registration, permit, license, decree,
 qualification or recording with, any Governmental Authority in the Canadian Qualifying Jurisdictions
 is required for the performance by the Company of its obligations under this Agreement, the
 delivery to the Underwriters of the Offered Shares, and, if applicable, the Additional Shares
 hereunder, the consummation of the transactions contemplated by this Agreement (including,
 without limitation, the distribution of the Offered Securities in the manner contemplated
 herein), other than those that have been obtained or made prior to the Closing Time;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) all
 necessary corporate action having been taken by Company to authorize (i) the execution
 and delivery of this Agreement, and the performance of its obligations hereunder and thereunder,
 and (ii) the delivery and, if applicable, the execution and filing of, the Canadian
 Prospectus Supplement, and, if applicable, any amendments thereto, under the Applicable Securities
 Laws in each of the Canadian Qualifying Jurisdictions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) the
 execution and delivery of this Agreement and the fulfilment of the terms hereof and thereof
 by the Company, the issuance, sale and delivery of the Offered Shares to be issued and sold
 by the Company at the Closing Time, and the grant of the Over-Allotment Option do not and
 will not result in a breach of or a default under, do not and will not create a state of
 facts which, after notice or lapse of time or both, will result in a breach of or a default
 under, and do not and will not conflict with: (A) the constating documents of the Company;
 (B) any resolutions of the shareholders or directors (including of any committee thereof)
 of the Company; or (C) any applicable corporate law or Applicable Securities Laws;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) the
 Offered Shares have been duly and validly issued as fully paid and non-assessable shares
 in the capital of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) the
 Additional Shares have been duly allotted and reserved for issuance by the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the
 statements under the heading "Eligibility for Investment" in the Canadian Preliminary
 Prospectus, the Canadian Final Prospectus and the Canadian Prospectus Supplement, insofar
 as such statements constitute statements of law, are accurate, subject to the assumptions,
 qualifications, limitations and restrictions set out therein;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) the
 rights, privileges, restrictions and conditions attaching to the Offered Securities and the
 Over-Allotment Option are accurately summarized in all material respects in the Offering
 Documents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) all
 necessary documents have been filed, all requisite proceedings have been taken, all legal
 requirements have been fulfilled and all necessary approvals, permits, consents and authorizations
 of the Commissions have been obtained, in each case by the Company to qualify the Offered
 Securities for distribution and sale to the public in each of the Canadian Qualifying Jurisdictions
 through investment dealers or brokers registered in such categories under the applicable
 laws of the Canadian Qualifying Jurisdictions and who have complied with the relevant provisions
 of such applicable laws; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) the
 common shares of the Company (including all of the Offered Securities) have been approved
 for listing and posting for trading on NYSE American and the TSXV subject only to customary
 listing conditions set forth in the conditional approval letter of NYSE American and the
 TSXV regarding the listing and posting on NYSE American and the TSXV of the Offered Securities.

**Schedule "B"** **<br> MINING CLAIMS**

**The Queensway Gold Project**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**MAP STAKED LICENSE NUMBER** | &nbsp;&nbsp;**NAME** |
| &nbsp;&nbsp;006821M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;007984M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;022216M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;022236M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;022260M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;022342M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;022491M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;023239M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;039295M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;023720M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;023721M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;023804M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;023860M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;023861M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;023862M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;023863M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;023864M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;023866M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;023874M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;023875M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;023881M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;023916M | &nbsp;&nbsp;**New Found Gold Corp.** |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;023940M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;023962M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;023987M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;024026M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;024031M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;024112M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;024136M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;024138M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;024139M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;024140M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;024141M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;024264M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;024265M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;024266M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;024268M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;024270M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;024274M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;039296M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;024557M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;024558M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;024559M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;024560M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;024561M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;024562M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;024563M | &nbsp;&nbsp;**New Found Gold Corp.** |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;024565M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;039320M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;024568M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;024569M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;024570M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;024571M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;024997M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;025008M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;039334M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;039335M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;026074M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;027379M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;027636M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;027637M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;030710M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;030711M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;030714M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;030716M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;030722M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;030726M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;030727M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;030733M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;030737M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;039323M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;030741M | &nbsp;&nbsp;**New Found Gold Corp.** |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;039325M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;030746M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;039324M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;030748M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;030752M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;030753M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;030754M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;030755M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;030756M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;030763M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;030765M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;030768M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;030771M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;030775M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;030777M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;030783M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;035047M | &nbsp;&nbsp;**Aidan O'Neil<sup>1</sup>** |
| &nbsp;&nbsp;035048M | &nbsp;&nbsp;**Suraj Amarnani<sup>1</sup>** |
| &nbsp;&nbsp;035050M | &nbsp;&nbsp;**Josh Vann<sup>1</sup>** |
| &nbsp;&nbsp;035087M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;035197M | &nbsp;&nbsp;**Aidan O'Neil<sup>1</sup>** |
| &nbsp;&nbsp;035198M | &nbsp;&nbsp;**Suraj Amarnani<sup>1</sup>** |
| &nbsp;&nbsp;035204M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;035209M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;035338M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;035681M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;036670M | &nbsp;&nbsp;**New Found Gold Corp.** |

---

<sup>1.</sup> Licenses held in trust for the Company pursuant to a property option agreement dated November 2, 2022 between Aidan O'Neil, Suraj Amarnani, Josh Vann, VOA Exploration Inc. and the Company.

**The Hammerdown Gold Project**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**MAP STAKED LICENSE NUMBER** | &nbsp;&nbsp;**NAME** |
| &nbsp;&nbsp;015580M | &nbsp;&nbsp;**Maritime Resources Corp.** |
| &nbsp;&nbsp;024055M | &nbsp;&nbsp;**Maritime Resources Corp.** |
| &nbsp;&nbsp;024057M | &nbsp;&nbsp;**Maritime Resources Corp.** |
| &nbsp;&nbsp;024058M | &nbsp;&nbsp;**Maritime Resources Corp.** |
| &nbsp;&nbsp;031858M | &nbsp;&nbsp;**Maritime Resources Corp.** |
| &nbsp;&nbsp;034273M | &nbsp;&nbsp;**Maritime Resources Corp.** |
| &nbsp;&nbsp;034928M | &nbsp;&nbsp;**Maritime Resources Corp.** |
| &nbsp;&nbsp;034984M | &nbsp;&nbsp;**Maritime Resources Corp.** |
| &nbsp;&nbsp;036218M | &nbsp;&nbsp;**Maritime Resources Corp.** |
| &nbsp;&nbsp;036393M | &nbsp;&nbsp;**Maritime Resources Corp.** |
| &nbsp;&nbsp;038139M | &nbsp;&nbsp;**Maritime Resources Corp.** |
| &nbsp;&nbsp;038140M | &nbsp;&nbsp;**Maritime Resources Corp.** |
| &nbsp;&nbsp;032151M | &nbsp;&nbsp;**Maritime Resources Corp.** |
| &nbsp;&nbsp;032291M | &nbsp;&nbsp;**Maritime Resources Corp.** |
| &nbsp;&nbsp;036865M | &nbsp;&nbsp;**Maritime Resources Corp.** |
| &nbsp;&nbsp;038116M | &nbsp;&nbsp;**Maritime Resources Corp.** |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;038117M | &nbsp;&nbsp;**Maritime Resources Corp.** |
| &nbsp;&nbsp;023006M | &nbsp;&nbsp;**Maritime Resources Corp.** |
| &nbsp;&nbsp;026547M | &nbsp;&nbsp;**Maritime Resources Corp.** |
| &nbsp;&nbsp;025040M | &nbsp;&nbsp;**Maritime Resources Corp.** |
| &nbsp;&nbsp;038141M | &nbsp;&nbsp;**Maritime Resources Corp.** |
| &nbsp;&nbsp;038142M | &nbsp;&nbsp;**Maritime Resources Corp.** |
| &nbsp;&nbsp;038143M | &nbsp;&nbsp;**Maritime Resources Corp.** |
| &nbsp;&nbsp;039435M | &nbsp;&nbsp;**Maritime Resources Corp.** |
| &nbsp;&nbsp;007513M | &nbsp;&nbsp;**Maritime Resources Corp.** |
| &nbsp;&nbsp;008014M | &nbsp;&nbsp;**Maritime Resources Corp.** |
| &nbsp;&nbsp;013261M | &nbsp;&nbsp;**Maritime Resources Corp.** |
| &nbsp;&nbsp;015523M | &nbsp;&nbsp;**Maritime Resources Corp.** |
| &nbsp;&nbsp;019308M | &nbsp;&nbsp;**Maritime Resources Corp.** |
| &nbsp;&nbsp;020405M | &nbsp;&nbsp;**Maritime Resources Corp.** |
| &nbsp;&nbsp;023292M | &nbsp;&nbsp;**New Found Gold Corp.** |
| &nbsp;&nbsp;040022M | &nbsp;&nbsp;**Maritime Resources Corp.** |
| &nbsp;&nbsp;040023M | &nbsp;&nbsp;**Maritime Resources Corp.** |

---

**Schedule "C"**

**PRICING DISCLOSURE PACKAGE**

**Pricing Terms included in the Pricing Disclosure Package**

Number of Offered Shares offered by the Company: 33,800,000

Offering Price per Offered Share: $2.96

Underwriting Commission per Offered Share: $0.1554

**Issuer Free Writing Prospectuses**

&nbsp;&nbsp;&nbsp;&nbsp;1. News release of the Company dated April 20,
 2026, announcing the Offering, filed as a free-writing prospectus.

## Exhibit 99.2

#### Exhibit 99.2

---

| | |
|:---|:---|
| **SLR Consulting (Canada) Ltd.** | ![](tm2612192d6_ex99-2img01.jpg) |
| 303 - 3960 Quadra Street, Victoria, BC V8X 4A3 <br>| ![](tm2612192d6_ex99-2img01.jpg) |

---

April 22, 2026

**VIA SEDAR+**

British Columbia Securities Commission, as Principal Regulator

Alberta Securities Commission

Financial and Consumer Affairs Authority of Saskatchewan

The Manitoba Securities Commission

Ontario Securities Commission

Autorité des marchés financiers (Québec)

Financial and Consumer Services Commission (New Brunswick)

Nova Scotia Securities Commission

Office of the Superintendent of Securities (Prince Edward Island)

Office of the Superintendent of Securities (Newfoundland and Labrador)

Office of the Yukon Superintendent of Securities

Northwest Territories Office of the Superintendent of Securities

Office of the Superintendent of Securities Nunavut

New Found Gold Corp.

Dear Sirs/Mesdames:

---

| | |
|:---|:---|
| **Re:** | **New Found Gold Corp. (the "Company")<br> Prospectus Supplement – Consent of Expert** |

---

In connection with the Company's final prospectus supplement dated April 22, 2026 to a short form base shelf prospectus dated May 23, 2025, including the documents incorporated by reference therein (collectively, the "**Prospectus**"), I, Pierre Landry, P.Geo., of SLR Consulting (Canada) Ltd., and a Qualified Person as defined in National Instrument 43-101 – *Standards of Disclosure for Mineral Projects,* hereby consent to the use of my name in the Prospectus in connection with references to my involvement in the preparation of the technical report entitled "*NI 43-101 Technical Report, Queensway Gold Project, Newfoundland and Labrador, Canada"* with an effective date of June 30, 2025 (the "**Technical Report**") and to references to the Technical Report, or portions thereof, in the Prospectus and to the inclusion and incorporation by reference of information derived from the Technical Report and in the Prospectus.

I also hereby confirm that I have read the Prospectus, and I have no reason to believe there are any misrepresentations in the information contained therein that are derived from the sections of the Technical Report that I am responsible for preparing, or that are within my knowledge as a result of the services I performed in connection with the Technical Report.

I also consent to references to my name and the Technical Report in the Company's Registration Statement on Form F-10 (File No. 333- 287547) (the "Registration Statement") filed with the U.S. Securities and Exchange Commission and to the inclusion or incorporation by reference in the Registration Statement of written disclosure from the Technical Report and extracts from or a summary of the Technical Report.

Yours truly,

<u>(Signed) "*Pierre Landry*"</u>

**Pierre Landry, P.Geo.**

Principal Metallurgist

## Exhibit 99.3

#### Exhibit 99.3

---

| | |
|:---|:---|
| **SLR Consulting (Canada) Ltd.** | ![](tm2612192d6_ex99-2img01.jpg) |
| 55 University Ave., Suite 501, Toronto, ON M5J 2H7 <br>| ![](tm2612192d6_ex99-2img01.jpg) |

---

April 22, 2026

**VIA SEDAR+**

British Columbia Securities Commission, as Principal Regulator

Alberta Securities Commission

Financial and Consumer Affairs Authority of Saskatchewan

The Manitoba Securities Commission

Ontario Securities Commission

Autorité des marchés financiers (Québec)

Financial and Consumer Services Commission (New Brunswick)

Nova Scotia Securities Commission

Office of the Superintendent of Securities (Prince Edward Island)

Office of the Superintendent of Securities (Newfoundland and Labrador)

Office of the Yukon Superintendent of Securities

Northwest Territories Office of the Superintendent of Securities

Office of the Superintendent of Securities Nunavut

New Found Gold Corp.

Dear Sirs/Mesdames:

---

| | |
|:---|:---|
| **Re:** | **New Found Gold Corp. (the "Company") <br> Prospectus Supplement – Consent of Expert** |

---

In connection with the Company's final prospectus supplement dated April 22, 2026 to a short form base shelf prospectus dated May 23, 2025, including the documents incorporated by reference therein (collectively, the "**Prospectus**"), I, Lance Engelbrecht, P.Eng., of SLR Consulting (Canada) Ltd., and a Qualified Person as defined in National Instrument 43-101 – *Standards of Disclosure for Mineral Projects,* hereby consent to the use of my name in the Prospectus in connection with references to my involvement in the preparation of the technical report entitled "*NI 43-101 Technical Report, Queensway Gold Project, Newfoundland and Labrador, Canada"* with an effective date of June 30, 2025 (the "**Technical Report**") and to references to the Technical Report, or portions thereof, in the Prospectus and to the inclusion and incorporation by reference of information derived from the Technical Report and in the Prospectus.

I also hereby confirm that I have read the Prospectus, and I have no reason to believe there are any misrepresentations in the information contained therein that are derived from the sections of the Technical Report that I am responsible for preparing, or that are within my knowledge as a result of the services I performed in connection with the Technical Report.

I also consent to references to my name and the Technical Report in the Company's Registration Statement on Form F-10 (File No. 333- 287547) (the "Registration Statement") filed with the U.S. Securities and Exchange Commission and to the inclusion or incorporation by reference in the Registration Statement of written disclosure from the Technical Report and extracts from or a summary of the Technical Report.

Yours truly,

<u>(Signed) "*Lance Engelbrecht*"</u>

**Lance Engelbrecht, P.Eng.**

Principal Metallurgist

## Exhibit 99.4

#### Exhibit 99.4

---

| | |
|:---|:---|
| **SLR Consulting (Canada) Ltd.** | ![](tm2612192d6_ex99-2img01.jpg) |
| 55 University Ave., Suite 501, Toronto, ON M5J 2H7 <br>| ![](tm2612192d6_ex99-2img01.jpg) |

---

April 22, 2026

**VIA SEDAR+**

British Columbia Securities Commission, as Principal Regulator

Alberta Securities Commission

Financial and Consumer Affairs Authority of Saskatchewan

The Manitoba Securities Commission

Ontario Securities Commission

Autorité des marchés financiers (Québec)

Financial and Consumer Services Commission (New Brunswick)

Nova Scotia Securities Commission

Office of the Superintendent of Securities (Prince Edward Island)

Office of the Superintendent of Securities (Newfoundland and Labrador)

Office of the Yukon Superintendent of Securities

Northwest Territories Office of the Superintendent of Securities

Office of the Superintendent of Securities Nunavut

New Found Gold Corp.

Dear Sirs/Mesdames:

---

| | |
|:---|:---|
| **Re:** | **New Found Gold Corp. (the "Company") <br> Prospectus Supplement – Consent of Expert** |

---

In connection with the Company's final prospectus supplement dated April 22, 2026 to a short form base shelf prospectus dated May 23, 2025, including the documents incorporated by reference therein (collectively, the "**Prospectus**"), I, David M. Robson, P.Eng., of SLR Consulting (Canada) Ltd., and a Qualified Person as defined in National Instrument 43-101 – *Standards of Disclosure for Mineral Projects,* hereby consent to the use of my name in the Prospectus in connection with references to my involvement in the preparation of the technical report entitled "*NI 43-101 Technical Report, Queensway Gold Project, Newfoundland and Labrador, Canada"* with an effective date of June 30, 2025 (the "**Technical Report**") and to references to the Technical Report, or portions thereof, in the Prospectus and to the inclusion and incorporation by reference of information derived from the Technical Report and in the Prospectus.

I also hereby confirm that I have read the Prospectus, and I have no reason to believe there are any misrepresentations in the information contained therein that are derived from the sections of the Technical Report that I am responsible for preparing, or that are within my knowledge as a result of the services I performed in connection with the Technical Report.

I also consent to references to my name and the Technical Report in the Company's Registration Statement on Form F-10 (File No. 333-287547) (the "**Registration Statement**") filed with the U.S. Securities and Exchange Commission and to the inclusion or incorporation by reference in the Registration Statement of written disclosure from the Technical Report and extracts from or a summary of the Technical Report.

Yours truly,

<u>(Signed) "*David M. Robson*"</u>

**David M. Robson, P.Eng.**

Principal Mining Engineer

## Exhibit 99.5

#### Exhibit 99.5
April 22<sup>nd</sup>,2026

**VIA SEDAR+**

British Columbia Securities Commission, as Principal Regulator

Alberta Securities Commission

Financial and Consumer Affairs Authority of Saskatchewan

The Manitoba Securities Commission

Ontario Securities Commission

Autorité des marchés financiers (Québec)

Financial and Consumer Services Commission (New Brunswick)

Nova Scotia Securities Commission

Office of the Superintendent of Securities (Prince Edward Island)

Office of the Superintendent of Securities (Newfoundland and Labrador)

Office of the Yukon Superintendent of Securities

Northwest Territories Office of the Superintendent of Securities

Office of the Superintendent of Securities Nunavut

New Found Gold Corp.

Dear Sirs/Mesdames:

---

| | |
|:---|:---|
| **Re:** | **New Found Gold Corp. (the "Company")** |
|  | **Prospectus Supplement – Consent of Expert** |

---

In connection with the Company's final prospectus supplement dated April 22<sup>nd</sup>, 2026 to a short form base shelf prospectus dated May 23, 2025, including the documents incorporated by reference therein (collectively, the "**Prospectus**"), I, Stephen Coates, P.Eng., of Evomine Consulting Inc., and a Qualified Person as defined in National Instrument 43-101 – *Standards of Disclosure for Mineral Projects,* hereby consent to the use of my name in the Prospectus in connection with references to my involvement in the preparation of the technical report entitled "*Hammerdown Gold Project, Preliminary Economic Assessment Technical Report, Newfoundland & Labrador, Canada*" with an effective date of February 18, 2026 (the "**Technical Report**") and to references to the Technical Report, or portions thereof, in the Prospectus and to the inclusion and incorporation by reference of information derived from the Technical Report and in the Prospectus.

I also hereby confirm that I have read the Prospectus, and I have no reason to believe there are any misrepresentations in the information contained therein that are derived from the sections of the Technical Report that I am responsible for preparing, or that are within my knowledge as a result of the services I performed in connection with the Technical Report.

I also consent to references to my name and the Technical Report in the Company's Registration Statement on Form F-10 (File No. 333-287547) (the "**Registration Statement**") filed with the U.S. Securities and Exchange Commission and to the inclusion or incorporation by reference in the Registration Statement of written disclosure from the Technical Report and extracts from or a summary of the Technical Report.

Yours truly,

<u>(Signed) "*Stephen Coates*"</u>

Stephen Coates, P.Eng.

Evomine Consulting Inc.

## Exhibit 99.6

#### Exhibit 99.6
April 22, 2026

**VIA SEDAR+**

British Columbia Securities Commission, as Principal Regulator

Alberta Securities Commission

Financial and Consumer Affairs Authority of Saskatchewan

The Manitoba Securities Commission

Ontario Securities Commission

Autorité des marchés financiers (Québec)

Financial and Consumer Services Commission (New Brunswick)

Nova Scotia Securities Commission

Office of the Superintendent of Securities (Prince Edward Island)

Office of the Superintendent of Securities (Newfoundland and Labrador)

Office of the Yukon Superintendent of Securities

Northwest Territories Office of the Superintendent of Securities

Office of the Superintendent of Securities Nunavut

New Found Gold Corp.

Dear Sirs/Mesdames:

---

| | |
|:---|:---|
| **Re:** | **New Found Gold Corp. (the "Company")<br> Prospectus Supplement – Consent of Expert** |

---

In connection with the Company's final prospectus supplement dated April 22, 2026 to a short form base shelf prospectus dated May 23, 2025, including the documents incorporated by reference therein (collectively, the "**Prospectus**"), I, Christian Beaulieu, P.Geo., of Minéralis Consulting Services, and a Qualified Person as defined in National Instrument 43-101 – *Standards of Disclosure for Mineral Projects,* hereby consent to the use of my name in the Prospectus in connection with references to my involvement in the preparation of the technical report entitled "*Hammerdown Gold Project, Preliminary Economic Assessment Technical Report, Newfoundland & Labrador, Canada*" with an effective date of February 18, 2026 (the "**Technical Report**") and to references to the Technical Report, or portions thereof, in the Prospectus and to the inclusion and incorporation by reference of information derived from the Technical Report and in the Prospectus.

I also hereby confirm that I have read the Prospectus, and I have no reason to believe there are any misrepresentations in the information contained therein that are derived from the sections of the Technical Report that I am responsible for preparing, or that are within my knowledge as a result of the services I performed in connection with the Technical Report.

I also consent to references to my name and the Technical Report in the Company's Registration Statement on Form F-10 (File No. 333-287547) (the "**Registration Statement**") filed with the U.S. Securities and Exchange Commission and to the inclusion or incorporation by reference in the Registration Statement of written disclosure from the Technical Report and extracts from or a summary of the Technical Report.

Yours truly,

<u>(Signed) "*Christian Beaulieu*"</u>

Christian Beaulieu, P.Geo.

Minéralis Consulting Services

## Exhibit 99.7

#### Exhibit 99.7
April 22, 2026

**VIA SEDAR+**

British Columbia Securities Commission, as Principal Regulator

Alberta Securities Commission

Financial and Consumer Affairs Authority of Saskatchewan

The Manitoba Securities Commission

Ontario Securities Commission

Autorité des marchés financiers (Québec)

Financial and Consumer Services Commission (New Brunswick)

Nova Scotia Securities Commission

Office of the Superintendent of Securities (Prince Edward Island)

Office of the Superintendent of Securities (Newfoundland and Labrador)

Office of the Yukon Superintendent of Securities

Northwest Territories Office of the Superintendent of Securities

Office of the Superintendent of Securities Nunavut

New Found Gold Corp.

Dear Sirs/Mesdames:

---

| | |
|:---|:---|
| **Re:** | **New Found Gold Corp. (the "Company")** |
|  | **Prospectus Supplement – Consent of Expert** |

---

In connection with the Company's final prospectus supplement dated April 22, 2026 to a short form base shelf prospectus dated May 23, 2025, including the documents incorporated by reference therein (collectively, the "**Prospectus**"), I, Mike Levy, P.Eng., of JDS Energy & Mining Inc., and a Qualified Person as defined in National Instrument 43-101 – *Standards of Disclosure for Mineral Projects,* hereby consent to the use of my name in the Prospectus in connection with references to my involvement in the preparation of the technical report entitled "*Hammerdown Gold Project, Preliminary Economic Assessment Technical Report, Newfoundland & Labrador, Canada*" with an effective date of February 18, 2026 (the "**Technical Report**") and to references to the Technical Report, or portions thereof, in the Prospectus and to the inclusion and incorporation by reference of information derived from the Technical Report and in the Prospectus.

I also hereby confirm that I have read the Prospectus, and I have no reason to believe there are any misrepresentations in the information contained therein that are derived from the sections of the Technical Report that I am responsible for preparing, or that are within my knowledge as a result of the services I performed in connection with the Technical Report.

I also consent to references to my name and the Technical Report in the Company's Registration Statement on Form F-10 (File No. 333-287547) (the "**Registration Statement**") filed with the U.S. Securities and Exchange Commission and to the inclusion or incorporation by reference in the Registration Statement of written disclosure from the Technical Report and extracts from or a summary of the Technical Report.

Yours truly,

<u>(Signed) "*Mike Levy*"</u> <br> Mike Levy, P.Eng. <br> JDS Energy & Mining Inc.

## Exhibit 99.8

#### Exhibit 99.8
April 22, 2026

**VIA SEDAR+**

British Columbia Securities Commission, as Principal Regulator

Alberta Securities Commission

Financial and Consumer Affairs Authority of Saskatchewan

The Manitoba Securities Commission

Ontario Securities Commission

Autorité des marchés financiers (Québec)

Financial and Consumer Services Commission (New Brunswick)

Nova Scotia Securities Commission

Office of the Superintendent of Securities (Prince Edward Island)

Office of the Superintendent of Securities (Newfoundland and Labrador)

Office of the Yukon Superintendent of Securities

Northwest Territories Office of the Superintendent of Securities

Office of the Superintendent of Securities Nunavut

New Found Gold Corp.

Dear Sirs/Mesdames:

---

| | |
|:---|:---|
| **Re:** | **New Found Gold Corp. (the "Company")** |
|  | **Prospectus Supplement – Consent of Expert** |

---

In connection with the Company's final prospectus supplement dated April 22, 2026 to a short form base shelf prospectus dated May 23, 2025, including the documents incorporated by reference therein (collectively, the "**Prospectus**"), I, Chafana Hamed Sako, P.Geo., of Norda Stelo Inc., and a Qualified Person as defined in National Instrument 43-101 – *Standards of Disclosure for Mineral Projects,* hereby consent to the use of my name in the Prospectus in connection with references to my involvement in the preparation of the technical report entitled "*Hammerdown Gold Project, Preliminary Economic Assessment Technical Report, Newfoundland & Labrador, Canada*" with an effective date of February 18, 2026 (the "**Technical Report**") and to references to the Technical Report, or portions thereof, in the Prospectus and to the inclusion and incorporation by reference of information derived from the Technical Report and in the Prospectus.

I also hereby confirm that I have read the Prospectus, and I have no reason to believe there are any misrepresentations in the information contained therein that are derived from the sections of the Technical Report that I am responsible for preparing, or that are within my knowledge as a result of the services I performed in connection with the Technical Report.

I also consent to references to my name and the Technical Report in the Company's Registration Statement on Form F-10 (File No. 333-287547) (the "**Registration Statement**") filed with the U.S. Securities and Exchange Commission and to the inclusion or incorporation by reference in the Registration Statement of written disclosure from the Technical Report and extracts from or a summary of the Technical Report.

Yours truly,

<u>(Signed) "*Chafana Hamed Sako*"</u> <br> Chafana Hamed Sako, P.Geo. <br> Norda Stelo Inc.

## Exhibit 99.9

**Exhibit 99.9**

22 April, 2026

**VIA SEDAR+**

British Columbia Securities Commission, as Principal Regulator

Alberta Securities Commission

Financial and Consumer Affairs Authority of Saskatchewan

The Manitoba Securities Commission

Ontario Securities Commission

Autorité des marchés financiers (Québec)

Financial and Consumer Services Commission (New Brunswick)

Nova Scotia Securities Commission

Office of the Superintendent of Securities (Prince Edward Island)

Office of the Superintendent of Securities (Newfoundland and Labrador)

Office of the Yukon Superintendent of Securities

Northwest Territories Office of the Superintendent of Securities

Office of the Superintendent of Securities Nunavut

New Found Gold Corp.

Dear Sirs/Mesdames:

---

| | |
|:---|:---|
| **Re:** | **New Found Gold Corp. (the "Company")<br> Prospectus Supplement – Consent of Expert** |

---

In connection with the Company's final prospectus supplement dated 22 April, 2026 to a short form base shelf prospectus dated May 23, 2025, including the documents incorporated by reference therein (collectively, the "**Prospectus**"), I, James Guiraud, P.Geo., of Norda Stelo Inc., and a Qualified Person as defined in National Instrument 43-101 – *Standards of Disclosure for Mineral Projects,* hereby consent to the use of my name in the Prospectus in connection with references to my involvement in the preparation of the technical report entitled "*Hammerdown Gold Project, Preliminary Economic Assessment Technical Report, Newfoundland & Labrador, Canada*" with an effective date of February 18, 2026 (the "**Technical Report**") and to references to the Technical Report, or portions thereof, in the Prospectus and to the inclusion and incorporation by reference of information derived from the Technical Report and in the Prospectus.

I also hereby confirm that I have read the Prospectus, and I have no reason to believe there are any misrepresentations in the information contained therein that are derived from the sections of the Technical Report that I am responsible for preparing, or that are within my knowledge as a result of the services I performed in connection with the Technical Report.

I also consent to references to my name and the Technical Report in the Company's Registration Statement on Form F-10 (File No. 333-287547) (the "**Registration Statement**") filed with the U.S. Securities and Exchange Commission and to the inclusion or incorporation by reference in the Registration Statement of written disclosure from the Technical Report and extracts from or a summary of the Technical Report.

---

| |
|:---|
| Yours truly, |
| (Signed) "James Guiraud" |
| James Guiraud, P.Geo. |
| Norda Stelo Inc. |

---

## Exhibit 99.10

**Exhibit 99.10**

22 April, 2026

**VIA SEDAR+**

British Columbia Securities Commission, as Principal Regulator

Alberta Securities Commission

Financial and Consumer Affairs Authority of Saskatchewan

The Manitoba Securities Commission

Ontario Securities Commission

Autorité des marchés financiers (Québec)

Financial and Consumer Services Commission (New Brunswick)

Nova Scotia Securities Commission

Office of the Superintendent of Securities (Prince Edward Island)

Office of the Superintendent of Securities (Newfoundland and Labrador)

Office of the Yukon Superintendent of Securities

Northwest Territories Office of the Superintendent of Securities

Office of the Superintendent of Securities Nunavut

New Found Gold Corp.

Dear Sirs/Mesdames:

---

| | |
|:---|:---|
| **Re:** | **New Found Gold Corp. (the "Company")** |
|  | **Prospectus Supplement – Consent of Expert** |

---

In connection with the Company's final prospectus supplement dated April 22, 2026 to a short form base shelf prospectus dated May 23, 2025, including the documents incorporated by reference therein (collectively, the "**Prospectus**"), I, Stacy J. Freudigmann, P.Eng., of Canenco Consulting Corp., and a Qualified Person as defined in National Instrument 43-101 – *Standards of Disclosure for Mineral Projects,* hereby consent to the use of my name in the Prospectus in connection with references to my involvement in the preparation of the technical report entitled "*Hammerdown Gold Project, Preliminary Economic Assessment Technical Report, Newfoundland & Labrador, Canada*" with an effective date of February 18, 2026 (the "**Technical Report**") and to references to the Technical Report, or portions thereof that I am responsible for in the Prospectus and to the inclusion and incorporation by reference of information from the Technical Report and in the Prospectus.

I also hereby confirm that I have read the Prospectus, and I have no reason to believe there are any misrepresentations in the information contained therein that are derived from the sections of the Technical Report that I am responsible for preparing, or that are within my knowledge as a result of the services I performed in connection with the Technical Report.

I also consent to references to my name and the Technical Report in the Company's Registration Statement on Form F-10 (File No. 333-287547) (the "**Registration Statement**") filed with the U.S. Securities and Exchange Commission and to the inclusion or incorporation by reference in the Registration Statement of written disclosure from the Technical Report and extracts from or a summary of the Technical Report.

---

| |
|:---|
| Yours truly, |
| (Signed) "Stacy J. Freudigmann" |
| Stacy J. Freudigmann, P.Eng. |
| Canenco Consulting Corp. |

---

## Exhibit 99.11

**Exhibit 99.11**

April 22, 2026

**VIA SEDAR+**

British Columbia Securities Commission, as Principal Regulator

Alberta Securities Commission

Financial and Consumer Affairs Authority of Saskatchewan

The Manitoba Securities Commission

Ontario Securities Commission

Autorité des marchés financiers (Québec)

Financial and Consumer Services Commission (New Brunswick)

Nova Scotia Securities Commission

Office of the Superintendent of Securities (Prince Edward Island)

Office of the Superintendent of Securities (Newfoundland and Labrador)

Office of the Yukon Superintendent of Securities

Northwest Territories Office of the Superintendent of Securities

Office of the Superintendent of Securities Nunavut

New Found Gold Corp.

Dear Sirs/Mesdames:

---

| | |
|:---|:---|
| **Re:** | **New Found Gold Corp. (the "Company")<br> Prospectus Supplement – Consent of Expert** |

---

In connection with the Company's final prospectus supplement dated April 22, 2026 to a short form base shelf prospectus dated May 23, 2025, including the documents incorporated by reference therein (collectively, the "**Prospectus**"), I, Sheldon H. Smith, P.Geo., of Stantec Consulting Limited, and a Qualified Person as defined in National Instrument 43-101 – *Standards of Disclosure for Mineral Projects,* hereby consent to the use of my name in the Prospectus in connection with references to my involvement in the preparation of (i) the technical report entitled "*NI 43-101 Technical Report, Queensway Gold Project, Newfoundland and Labrador, Canada"* with an effective date of June 30, 2025; and (ii) the technical report entitled "*Hammerdown Gold Project, Preliminary Economic Assessment Technical Report, Newfoundland & Labrador, Canada*" with an effective date of February 18, 2026 (collectively, the "**Technical Reports**") and to references to the Technical Reports, or portions thereof, in the Prospectus and to the inclusion and incorporation by reference of information derived from the Technical Reports and in the Prospectus.

I also hereby confirm that I have read the Prospectus, and I have no reason to believe there are any misrepresentations in the information contained therein that are derived from the sections of the Technical Reports that I am responsible for preparing, or that are within my knowledge as a result of the services I performed in connection with the Technical Reports.

I also consent to references to my name and the Technical Reports in the Company's Registration Statement on Form F-10 (File No. 333-287547) (the "**Registration Statement**") filed with the U.S. Securities and Exchange Commission and to the inclusion or incorporation by reference in the Registration Statement of written disclosure from the Technical Reports and extracts from or a summary of the Technical Reports.

---

| |
|:---|
| Yours truly, |
| (Signed) "Sheldon H. Smith" |
| Sheldon H. Smith, P. Geo. |
| Stantec Consulting Limited |

---

## Exhibit 99.12

**Exhibit 99.12**

![](tm2612192d6_ex99-12img001.jpg)

CONSENT OF QUALIFIED PERSON

In connection with the Company's final prospectus supplement dated April 22, 2026 to a short form base shelf prospectus dated May 23, 2025, including the documents incorporated by reference therein (collectively, the "**Prospectus**"), I, J. Alex Mcintyre, P.Eng., of Knight Piésold Ltd., and a Qualified Person as defined in National Instrument 43-101 — *Standards of Disclosure for Mineral Projects*, hereby consent to the use of my name in the Prospectus in connection with references to my involvement in the preparation of the technical report entitled "*Hammerdown Gold Project, Preliminary Economic Assessment Technical Report, Newfoundland & Labrador, Canada*" with an effective date of February 18, 2026 (the "**Technical Report**") and to references to the Technical Report, or portions thereof, in the Prospectus and to the inclusion and incorporation by reference of information derived from the Technical Report and in the Prospectus.

I also hereby confirm that I have read the Prospectus, and I have no reason to believe there are any misrepresentations in the information contained therein that are derived from the sections of the Technical Report that I am responsible for preparing, or that are within my knowledge as a result of the services I performed in connection with the Technical Report.

I also consent to references to my name and the Technical Report in the Company's Registration Statement on Form F-b (File No. 333-287547) (the "**Registration Statement**") filed with the U.S. Securities and Exchange Commission and to the inclusion or incorporation by reference in the Registration Statement of written disclosure from the Technical Report and extracts from or a summary of the Technical Report.

---

| |
|:---|
| Yours truly, |
| **Knight Piésold Ltd.** |
| (Signed) "J. Alex McIntyre" |
| J. Alex McIntyre, P.Eng. |
| Senior Engineer |

---

1 of 1 Knight Piésold Ltd. \| 200 - 1164 Devonshire Avenue \| North Bay, Ontario \| canada, P1B 6X7 <br> T +1 705 476 2165 \| E northbay@knightpiesold.com \| www.knightpiesold.com

## Exhibit 99.13

**Exhibit 99.13**

April 22, 2026

**VIA SEDAR+**

British Columbia Securities Commission, as Principal Regulator

Alberta Securities Commission

Financial and Consumer Affairs Authority of Saskatchewan

The Manitoba Securities Commission

Ontario Securities Commission

Autorité des marchés financiers (Québec)

Financial and Consumer Services Commission (New Brunswick)

Nova Scotia Securities Commission

Office of the Superintendent of Securities (Prince Edward Island)

Office of the Superintendent of Securities (Newfoundland and Labrador)

Office of the Yukon Superintendent of Securities

Northwest Territories Office of the Superintendent of Securities

Office of the Superintendent of Securities Nunavut

New Found Gold Corp.

Dear Sirs/Mesdames:

---

| | |
|:---|:---|
| **Re:** | **New Found Gold Corp. (the "Company")<br> Prospectus Supplement – Consent of Expert** |

---

In connection with the Company's final prospectus supplement dated April 22, 2026 to a short form base shelf prospectus dated May 23, 2025, including the documents incorporated by reference therein (collectively, the "**Prospectus**"), I, Neil Lincoln, P.Eng., of Lincoln Metallurgical Inc., and a Qualified Person as defined in National Instrument 43-101 – *Standards of Disclosure for Mineral Projects,* hereby consent to the use of my name in the Prospectus in connection with references to my involvement in the preparation of the technical report entitled "*Hammerdown Gold Project, Preliminary Economic Assessment Technical Report, Newfoundland & Labrador, Canada*" with an effective date of February 18, 2026 (the "**Technical Report**") and to references to the Technical Report, or portions thereof, in the Prospectus and to the inclusion and incorporation by reference of information derived from the Technical Report and in the Prospectus.

I also hereby confirm that I have read the Prospectus, and I have no reason to believe there are any misrepresentations in the information contained therein that are derived from the sections of the Technical Report that I am responsible for preparing, or that are within my knowledge as a result of the services I performed in connection with the Technical Report.

I also consent to references to my name and the Technical Report in the Company's Registration Statement on Form F-10 (File No. 333-287547) (the "**Registration Statement**") filed with the U.S. Securities and Exchange Commission and to the inclusion or incorporation by reference in the Registration Statement of written disclosure from the Technical Report and extracts from or a summary of the Technical Report.

---

| |
|:---|
| Yours truly, |
| (Signed) "Neil Lincoln" |
| Neil Lincoln, P.Eng. |
| Lincoln Metallurgical Inc. |

---

## Exhibit 99.14

**Exhibit 99.14**

April 22<sup>nd</sup>, 2026

**VIA SEDAR+**

British Columbia Securities Commission, as Principal Regulator

Alberta Securities Commission

Financial and Consumer Affairs Authority of Saskatchewan

The Manitoba Securities Commission

Ontario Securities Commission

Autorité des marchés financiers (Québec)

Financial and Consumer Services Commission (New Brunswick)

Nova Scotia Securities Commission

Office of the Superintendent of Securities (Prince Edward Island)

Office of the Superintendent of Securities (Newfoundland and Labrador)

Office of the Yukon Superintendent of Securities

Northwest Territories Office of the Superintendent of Securities

Office of the Superintendent of Securities Nunavut

New Found Gold Corp.

Dear Sirs/Mesdames:

---

| | |
|:---|:---|
| **Re:** | **New Found Gold Corp. (the "Company")** |
|  | **Prospectus Supplement – Consent of Expert** |

---

In connection with the Company's final prospectus supplement dated April 22<sup>nd</sup>, 2026 to a short form base shelf prospectus dated May 23, 2025, including the documents incorporated by reference therein (collectively, the "**Prospectus**" I, Dachun (David) Jin, P.Eng., of WSP Canada Inc., and a Qualified Person as defined in National Instrument 43-101 – *Standards of Disclosure for Mineral Projects,* hereby consent to the use of my name in the Prospectus in connection with references to my involvement in the preparation of certain portions of the technical report entitled "*Hammerdown Gold Project, Preliminary Economic Assessment Technical Report, Newfoundland & Labrador, Canada*" with an effective date of February 18, 2026 (the "**Technical Report**") and to references to the portions of the Technical Report prepared by me, in the Prospectus and to the inclusion and incorporation by reference of information derived from the portions of the Technical Report prepared by me in the Prospectus.

I also hereby confirm that I have read the Prospectus, and I have no reason to believe there are any misrepresentations in the information contained therein that are derived from the sections of the Technical Report that I am responsible for preparing, or that are within my knowledge as a result of the services I performed in connection with the Technical Report.

I also consent to references to my name and the Technical Report in the Company's Registration Statement on Form F-10 (File No. 333-287547) (the "**Registration Statement**") filed with the U.S. Securities and Exchange Commission and to the inclusion or incorporation by reference in the Registration Statement of written disclosure from the Technical Report and extracts from or a summary of the Technical Report, as to the portions of the Technical Report prepared by me.

---

| |
|:---|
| Yours truly, |
| /s/ Dachun (David) Jin, P.Eng. |
| Dachun (David) Jin, P.Eng. |
| WSP Canada Inc. |

---

## Exhibit 99.15

**Exhibit 99.15**

April 22, 2026

**VIA SEDAR+**

British Columbia Securities Commission, as Principal Regulator

Alberta Securities Commission

Financial and Consumer Affairs Authority of Saskatchewan

The Manitoba Securities Commission

Ontario Securities Commission

Autorité des marchés financiers (Québec)

Financial and Consumer Services Commission (New Brunswick)

Nova Scotia Securities Commission

Office of the Superintendent of Securities (Prince Edward Island)

Office of the Superintendent of Securities (Newfoundland and Labrador)

Office of the Yukon Superintendent of Securities

Northwest Territories Office of the Superintendent of Securities

Office of the Superintendent of Securities Nunavut

New Found Gold Corp.

Dear Sirs/Mesdames:

---

| | |
|:---|:---|
| **Re:** | **New Found Gold Corp. (the "Company")** |
|  | **Prospectus Supplement Consent of Expert** |

---

In connection with the Company's final prospectus supplement dated April 22, 2026 to a short form base shelf prospectus dated May 23, 2025, including the documents incorporated by reference therein (collectively, the "**Prospectus**"), I, William Richard McBride, P.Eng., of WSP Canada Inc., and a Qualified Person as defined in National Instrument 43-101 – *Standards of Disclosure for Mineral Projects,* hereby consent to the use of my name in the Prospectus in connection with references to my involvement in the preparation of certain portions of the technical report entitled *"Hammerdown Gold Project, Preliminary Economic Assessment Technical Report, Newfoundland & Labrador, Canada"* with an effective date of February 18, 2026 (the "**Technical Report**") and to references to the portions of the Technical Report prepared by me, in the Prospectus and to the inclusion and incorporation by reference of information derived from the portions of the Technical Report prepared by me in the Prospectus.

I also hereby confirm that I have read the Prospectus, and I have no reason to believe there are any misrepresentations in the information contained therein that are derived from the sections of the Technical Report that I am responsible for preparing, or that are within my knowledge as a result of the services I performed in connection with the Technical Report.

I also consent to references to my name and the Technical Report in the Company's Registration Statement on Form F-10 (File No. 333-287547) (the "**Registration Statement**") filed with the U.S. Securities and Exchange Commission and to the inclusion or incorporation by reference in the Registration Statement of written disclosure from the Technical Report and extracts from or a summary of the Technical Report, as to the portions of the Technical Report prepared by me.

---

| |
|:---|
| Yours truly, |
| /s/William Richard McBride, P.Eng. |
| William Richard McBride, P.Eng.<br>|
| WSP Canada Inc. |

---

## Exhibit 99.16

**Exhibit 99.16**

April 22, 2026

**VIA SEDAR+**

British Columbia Securities Commission, as Principal Regulator

Alberta Securities Commission

Financial and Consumer Affairs Authority of Saskatchewan

The Manitoba Securities Commission

Ontario Securities Commission

Autorité des marchés financiers (Québec)

Financial and Consumer Services Commission (New Brunswick)

Nova Scotia Securities Commission

Office of the Superintendent of Securities (Prince Edward Island)

Office of the Superintendent of Securities (Newfoundland and Labrador)

Office of the Yukon Superintendent of Securities

Northwest Territories Office of the Superintendent of Securities

Office of the Superintendent of Securities Nunavut

New Found Gold Corp.

Dear Sirs/Mesdames:

---

| | |
|:---|:---|
| **Re:** | **New Found Gold Corp. (the "Company")<br> Prospectus Supplement – Consent of Expert** |

---

In connection with the Company's final prospectus supplement dated April 22, 2026 to a short form base shelf prospectus dated May 23, 2025, including the documents incorporated by reference therein (collectively, the "**Prospectus**"), I, Keith Boyle, P. Eng., and a Qualified Person as defined in National Instrument 43-101 – *Standards of Disclosure for Mineral Projects,* hereby consent to the use of my name in the Prospectus in connection with references to my involvement in the review and approval of certain scientific and technical information in (i) the Company's Annual Information Form for the year ended December 31, 2025; and (ii) the Company's Management's Discussion and Analysis of the results and financial condition of the Company for the year ended December 31, 2025 (collectively, the "**Disclosure**") and to references to the Disclosure, or inclusion of portions thereof, in the Prospectus and to the inclusion and incorporation by reference of information derived from the Disclosure.

I also hereby confirm that I have read the Prospectus, including the Disclosure and extracts from or a summary of the Disclosure contained in the Prospectus, or incorporation by reference therein, and I have no reason to believe there are any misrepresentations in the information contained therein that are derived from the Disclosure or that are within my knowledge as a result of the services I performed in connection with the Disclosure.

I also consent to references to my name and to being named as having approved the Disclosure where used or incorporated by reference in the Company's Registration Statement on Form F-10 (File No. 333-287547) (the "**Registration Statement**") filed with the U.S. Securities and Exchange Commission.

**[*Remainder of page intentionally left blank.*]**

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| |
|:---|
| Yours truly, |
| (Signed) "Keith Boyle" |
| Keith Boyle, P. Eng. |
| New Found Gold Corp. |

---

 

*New Found Gold Corp. – Signature Page to Consent of Qualified Person*