Exploits Completes Sale of Newfoundland Claims to New Found Gold

Core Viewpoint - Exploits Discovery Corp. has completed the sale of its mineral claims in Newfoundland to New Found Gold Corp., allowing the company to focus on its gold projects in Québec and Ontario, which host approximately 680,000 ounces of historical gold resources [1][2]. Transaction Details - The sale involved a 100% interest in substantially all mineral claims in central Newfoundland, with the transaction initially announced on September 8, 2025 [1]. - As part of the consideration, Exploits received 2,821,556 common shares of New Found Gold, valued at approximately $11.8 million based on a closing price of $4.18 per share on December 4, 2025 [6]. - Additionally, contingent consideration includes 725,543 shares of New Found Gold, potentially worth around $3.0 million, subject to a positive court determination regarding certain disputed mineral claims [3]. Strategic Focus - The company is now positioned as a gold growth entity, emphasizing its portfolio in Québec and Ontario, which includes four cornerstone projects: Fenton, Wilson, Benoist, and Hawkins [9][10]. - The historical gold resources in these projects are estimated at approximately 680,000 ounces, with significant potential for expansion and multiple drill-ready targets [9][10]. Financial Position - Following the transaction, Exploits has a treasury of approximately $13 million in cash and New Found Gold shares, enhancing its ability to advance its gold projects [7]. Royalty Agreement - Exploits has been granted a 1.0% net smelter returns royalty on certain mineral claims as part of the Royalty Agreement with New Found Gold [6][4].