Exploits completes sale of Newfoundland claims to New Found Gold

Exploits Discovery Corp. (CSE: NFLD; OTCQB: NFLDF) has officially closed the sale of a 100% interest in almost all of its mineral claims in central Newfoundland to New Found Gold Corp. (NFG) — a transaction first announced on September 8, 2025. Under the deal, Exploits received 2,821,556 common NFG shares, which, at NFG’s closing price of US $4.18 per share on December 4, 2025, equals about US $11.8 million in value. In addition, Exploits was granted a 1.0% net smelter returns royalty (NSR) on certain of the transferred claims under a royalty agreement. Beyond that, Exploits may receive an extra 725,543 NFG shares (roughly US $3.0 million at the same share price) as contingent consideration — dependent on a favorable final ruling by the Supreme Court of Newfoundland and Labrador related to certain disputed claims. With the sale complete, Exploits is shifting its focus entirely to growth‑oriented gold projects in Québec and Ontario. The company now controls approximately 680,000 ounces of historical gold resources across its Quebec and Ontario assets and carries a pro‑forma treasury of roughly US $13 million in cash and NFG shares. Exploits will retain a few remaining claims in Newfoundland — including Mount Peyton and True Grit — but the core of its strategy is now on advancing four key projects in Québec and Ontario: Fenton, Wilson, Benoist, and Hawkins. The historical resource estimates on these properties give the company multiple promising drill‑ready targets. From Exploits’ standpoint, the transaction delivers a mix of immediate value (via shares), long‑term upside (via royalty), and a streamlined project portfolio concentrated on higher‑potential regions. As CEO Jeff Swinoga commented, the deal “transforms” Exploits’ Newfoundland land position into strategic exposure to New Found Gold while repositioning the company as a Québec–Ontario–focused gold‑growth story. #ExploitsDiscovery #NewFoundGold #GoldMining #MiningDeals #SlimScan #GrowthStocks #CANSLIM