Dundee Corporation Announces Acquisition of Shares of New Found Gold Corp.

On November 13, 2025, Dundee Corporation (TSX: DC.A) announced a significant acquisition involving New Found Gold Corp. (TSXV: NVG, NYSE-A: NFGC). In compliance with regulatory requirements, Dundee acquired a total of 36,722,569 common shares and 7,655,829 warrants in New Found Gold Corp. as part of a completed plan of arrangement with Maritime Resources Corp. This marks Dundee's first ownership stake in New Found Gold, resulting in approximately 10.88% of the Issuer's equity on an undiluted basis and 12.86% on a partially diluted basis.

Dundee's acquisition is focused purely on investment purposes, as the Corporation intends to continually assess various factors affecting its investment, including market conditions, share price, and developments related to New Found Gold. Based on these assessments, Dundee may opt to acquire additional securities or divest portions of its holdings in the future.

This announcement is part of Dundee Corporation's commitment to transparency, as it falls under National Instrument 62-103, which governs early warning reporting in Canada. An early warning report will be filed on the SEDAR platform for stakeholders and interested parties to review.

Dundee Corporation is a Canadian public entity primarily focused on mining investments. The company's strategy is aimed at acquiring mineral resource assets and unlocking value through investments in mining projects globally. With a team skilled in due diligence and assessment of various project merits and risks, Dundee aims to generate investment returns while maintaining collaborative partnerships in mining operations.

For more information, stakeholders are encouraged to contact Dundee’s Investor and Media Relations department.

On November 13, 2025, Dundee Corporation announced its acquisition of 36,722,569 common shares and 7,655,829 warrants of New Found Gold Corp, totaling a significant stake of approximately 10.88% undiluted and 12.86% diluted. This acquisition is noteworthy as it signifies Dundee's strategic move within the mining sector, aligning with its objective of leveraging investments in mineral resource assets.

For investors, understanding the implications of this transaction is crucial. Dundee is renowned for its methodical approach to investment, focusing on comprehensive due diligence to evaluate opportunities in mining. As Dundee possesses a considerable stake in New Found Gold, the market can anticipate that the company views this investment as valuable, particularly in light of the ongoing developments affecting New Found Gold’s operations and the broader economic climate.

Dundee has emphasized that its shares are acquired primarily for investment purposes, indicating a long-term strategic position rather than a short-term speculative move. This acquisition could lead to increased confidence in New Found Gold's operational undertakings, especially as Dundee continuously evaluates its investment amid fluctuating market conditions.

Investors should monitor any subsequent announcements or updates from Dundee regarding potential additional acquisitions of New Found Gold securities. The company's engagement with the market may signal further value opportunities or strategic partnerships in the mining space, which could enhance investor sentiment.

Moreover, the dynamics within the resource sector, influenced by shifts in commodity prices and regulatory changes, should be closely assessed. Given Dundee's operational expertise, its actions can act as a barometer for industry trends. Overall, maintaining vigilance regarding Dundee’s investment strategy could yield insights for prospective and current shareholders in both Dundee and New Found Gold Corp.