New Found Gold Grants Stock Options and Restricted and Deferred Share Units

Rhea-AI Summary

New Found Gold (TSXV: NFG, NYSE American: NFGC) granted equity incentives to officers, employees and directors. The company issued stock options to acquire 1,499,543 common shares at an exercise price of $2.37, exercisable for five years to August 14, 2031, subject to vesting.

New Found Gold also granted 782,680 RSUs and 128,454 DSUs under its 5% rolling share unit plan, with RSUs vesting over three years and DSUs vesting one year after grant. The company highlights its Queensway and Hammerdown gold projects and notes prior conditional approval, received June 29, 2026, to graduate to the Toronto Stock Exchange under symbol NFGC.

Positive

• 1,499,543 stock options granted at $2.37, 5-year term
• Additional 782,680 RSUs and 128,454 DSUs support long-term incentives
• Conditional approval to graduate to Toronto Stock Exchange with symbol NFGC

Negative

• Equity awards for up to 2,410,677 shares introduce potential future dilution
• RSUs and DSUs vest and redeem over multiple years, creating ongoing share issuance over time

Market Context

Historical event 1075073 provided a direct precedent for comparing corporate-market announcements. T...

Analysis

Historical event 1075073 provided a direct precedent for comparing corporate-market announcements. The broader record was mixed; risk context classified short positioning as low, while vesting terms remained central to interpreting these awards.

Key Figures

Options granted: 1,499,543 common shares Exercise price: $2.37 Option term: 5 years +5 more

8 metrics

Options granted 1,499,543 common shares Incentive stock options issued to officers and employees

Exercise price $2.37 Per common share option exercise price

Option term 5 years Options expiring August 14, 2031

Option expiry August 14, 2031 Expiry date for incentive stock options

RSUs granted 782,680 RSUs Restricted share units issued to officers and directors

DSUs granted 128,454 DSUs Deferred share units issued to officers and directors

Initial RSU vesting 1/3 RSUs vesting one year from the grant date

DSU vesting period 1 year DSUs fully vesting one year following the grant date

Historical Context

5 past events · Latest: Aug 12 (Neutral)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Aug 12	Q2 financial filing	Neutral	+0.6%	Q2 financial statements and related management discussion were filed with securities regulators.
Jul 21	Gold drill results	Positive	+3.5%	High-grade Lotto Zone channel and underground infill drilling results supported resource model validation.
Jul 06	Project operations update	Neutral	+0.0%	Pine Cove conversion plans and Hammerdown recovery testing were updated alongside project timelines.
Jun 29	TSX graduation approval	Positive	-1.3%	Conditional approval was received to graduate the company’s listing to the Toronto Stock Exchange.
Jun 25	Annual meeting results	Positive	+2.0%	Shareholders approved directors, the auditor, and rolling equity compensation plans.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Historical news responses were mostly aligned with the direction of the announcement, with one notable divergence on the TSX graduation news.

Key Terms

incentive stock options, restricted share units, deferred share units, ni 43-101

4 terms

incentive stock options financial

"issued incentive stock options to acquire an aggregate of 1,499,543 common shares"

Incentive stock options are a type of employee stock option that gives eligible workers the right to buy company shares at a fixed price later on, often below future market value. They matter to investors because they align employee incentives with company performance, can dilute existing ownership when exercised, and create potential tax advantages for option holders if certain holding-time rules are met — think of them as a coupon to buy stock at today’s price with extra tax rules attached.

restricted share units financial

"The Company also granted 782,680 RSUs and 128,454 DSUs"

Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.

deferred share units financial

"The Company also granted 782,680 RSUs and 128,454 DSUs"

Deferred share units are promises that give an executive or director the right to receive company shares or their cash value at a future date, often when they retire or leave the company. Think of them as a paycheck held in a savings account that converts into stock later; they matter to investors because they tie pay to long-term performance, create potential future dilution of shares, and represent a delayed cash or share obligation the company must eventually fulfill.

ni 43-101 regulatory

"a Qualified Person as defined under NI 43-101"

A Canadian regulatory standard that sets the rules for how mining and exploration companies must report mineral resources and reserves, requiring technical reports prepared or signed off by an independent, certified expert. It matters to investors because it creates a consistent, transparent “inspection report” for mining projects, making it easier to compare prospects, judge the reliability of claims, and assess geological and financial risk before investing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Vancouver, British Columbia--(Newsfile Corp. - August 14, 2026) - New Found Gold Corp. (TSXV: NFG) (NYSE American: NFGC) ("New Found Gold" or the "Company") announces that the Company has granted incentive stock options, restricted share units ("RSUs") and deferred share units ("DSUs") of the Company as outlined below.

Certain officers and employees of New Found Gold were issued incentive stock options to acquire an aggregate of 1,499,543 common shares in the capital of the Company at an exercise price of $2.37 (the "Options") in accordance with the Company's "10% rolling" incentive stock option plan. The Options are exercisable for a 5-year term expiring August 14, 2031 and are subject to vesting provisions.

The Company also granted 782,680 RSUs and 128,454 DSUs to certain officers and directors of the Company in accordance with the "5% rolling" share unit plan of the Company (the "Share Unit Plan"), with 1/3 of the RSUs vesting one year from the date of grant, and 1/3 vesting every year thereafter until fully vested, and the DSUs fully vesting on the date that is one year following the date of grant, and being redeemed after the participant's termination date pursuant to the terms of the Share Unit Plan.

About New Found Gold Corp.

New Found Gold is an emerging Canadian gold producer with assets in Newfoundland & Labrador, Canada. The Company holds a 100% interest in its fully funded flagship asset, the Queensway Gold Project ("Queensway"), as well as the Hammerdown Gold Project, which includes the Hammerdown deposit and the Pine Cove Mill. New Found Gold is focused on bringing the Hammerdown deposit into commercial gold production in H2/26 while advancing Queensway toward Phase I production.

The Company's portfolio is further strengthened by its district-scale land package at Queensway, covering more than 110 km of strike length across two highly prospective fault zones, and a strong shareholder base, including renowned mining investor and cornerstone shareholder, Eric Sprott.

On June 29, 2026, the Company announced it had received conditional approval to graduate to the Toronto Stock Exchange. The stock symbol "NFGC" has been reserved for use by the Company upon listing on the TSX, to align with its stock symbol on the NYSE American LLC.

Keith Boyle, P.Eng.
Chief Executive Officer
New Found Gold Corp.

Contact

For further information on New Found Gold contact us through our investor inquiry form at https://newfoundgold.ca/contact/contact-us/ or contact:

Fiona Childe, Ph.D., P.Geo.
Vice President, Communications and Corporate Development
Phone: +1 (416) 775-2700
Email: contact@newfoundgold.ca

Follow us on social media at https://www.linkedin.com/company/newfound-gold-corp and https://x.com/newfoundgold.

Qualified Person

The scientific and technical information disclosed in this press release was reviewed and approved by Keith Boyle, P.Eng., CEO, and a Qualified Person as defined under NI 43-101. Mr. Boyle consents to the publication of this press release by New Found Gold. Mr. Boyle certifies that this press release fairly and accurately represents the scientific and technical information that forms the basis for this press release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information

This press release contains certain "forward-looking statements" within the meaning of Canadian and United States securities legislation, including statements regarding the expiry and vesting of Options, vesting of RSUs, and vesting and redemption of DSUs; the Company's focus on bringing the Hammerdown deposit into commercial gold production in H2/26 while advancing Queensway toward Phase I production; statements regarding the district-scale potential that covers more than 110 km of strike length across two highly prospective fault zones at Queensway; and the conditional approval to list on the TSX. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "interpreted", "intends", "estimates", "projects", "aims", "suggests", "indicate", "often", "target", "future", "likely", "pending", "potential", "encouraging", "goal", "objective", "prospective", "possibly", "preliminary", and similar expressions, or that events or conditions "will", "would", "may", "can", "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made, and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange and NYSE American, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include risks associated with the Company's ability to complete exploration and drilling programs as expected, possible accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, risks associated with the interpretation of exploration results and the results of the metallurgical testing program, the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out the Company's exploration plans, the risk that the Company will not be able to raise sufficient funds to carry out its business plans, and the risk of political uncertainties and regulatory or legal changes that might interfere with the Company's business and prospects. The reader is urged to refer to the Company's Annual Information Form and Management's Discussion and Analysis, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR+) at www.sedarplus.ca and on the website of the United States Securities and Exchange Commission at www.sec.gov for a more complete discussion of such risk factors and their potential effects.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/309751

FAQ

What equity incentives did New Found Gold (NFGC) grant on August 14, 2026?

New Found Gold granted stock options, RSUs and DSUs on August 14, 2026. According to New Found Gold, this included 1,499,543 options, 782,680 restricted share units and 128,454 deferred share units issued to certain officers, employees and directors under its rolling equity incentive plans.

What are the terms of the New Found Gold (NFGC) stock options granted at $2.37?

The granted options allow holders to buy 1,499,543 shares at $2.37 per share. According to New Found Gold, these options have a five-year term expiring August 14, 2031 and are subject to vesting conditions under the company’s 10% rolling incentive stock option plan.

How do New Found Gold (NFGC) RSUs and DSUs vest after the August 2026 grant?

RSUs and DSUs follow different vesting schedules. According to New Found Gold, one-third of RSUs vest one year from grant and annually thereafter until fully vested, while DSUs fully vest one year after grant and are redeemed after the participant’s termination date.

How many RSUs and DSUs did New Found Gold (NFGC) issue in the latest grant?

New Found Gold issued 782,680 RSUs and 128,454 DSUs to officers and directors. According to New Found Gold, these awards were granted under the company’s 5% rolling share unit plan, with specified multi-year vesting and post-termination redemption rules for participants.

What does conditional approval to graduate to the Toronto Stock Exchange mean for New Found Gold (NFGC)?

Conditional approval allows New Found Gold to prepare for a TSX listing, subject to meeting conditions. According to New Found Gold, conditional approval was received June 29, 2026, and the stock symbol NFGC has been reserved to match its NYSE American listing.

What are New Found Gold’s main gold assets supporting its NYSE American: NFGC listing?

New Found Gold’s key assets are the Queensway and Hammerdown gold projects in Newfoundland and Labrador. According to New Found Gold, Queensway is its fully funded flagship project, while Hammerdown, with the Pine Cove Mill, is targeted for commercial production in the second half of 2026.