New Opportunities in Newfoundland's Gold Rush

• CEO Jeff Swinoga discusses the company's new Bullseye claims near major gold discoveries in Newfoundland. They have over 16km along the key Appleton fault.
• The company has a systematic exploration process and is using new technologies like Alpha IP to identify targets. Drilling results are expected soon.
• They have a large land package with multiple prospects but will focus 80% of their effort on the new Bullseye claims. Looking to partner on non-core assets.
• Well funded with over $10M cash, supportive shareholders like Eric Sprott. Planning financing activities like flow-through shares.
• Passionate and experienced local Newfoundland team focused on creating value for shareholders and creating jobs.

Exploits Discovery Corp (NFLD) is a junior mining company focused on exploring its large land package in the highly prospective gold regions of central Newfoundland, Canada. With new high-potential claims, a systematic exploration approach, supportive shareholders and a seasoned management team, the company is positioning itself to capitalize on this modern-day gold rush.

Led by CEO Jeff Swinoga, Exploits Discovery has acquired key claims totalling over 16km directly along the Appleton fault zone, which hosts New Found Gold's Keats zone discovery and Labrador Gold's Kingsway project. This fault structure is considered one of the most prospective trends for new high-grade gold deposits in the province.

The company's new claims, dubbed the Bullseye project, lie strategically between these major discoveries - giving them strong blue-sky potential. As Swinoga states, "It's right on the Appleton trend, you've got gold discoveries on either side."

This positions Exploits Discovery to potentially be the next big player in this increasingly crowded and competitive region. Swinoga notes they battled over 100 other parties to acquire these new claims. Their systematic approach to staking focused on the core geology gave them an edge.

The company isn't relying solely on proximity though. They are deploying a systematic exploration methodology dubbed Exploration 2.0 across their projects. This technique analyzes the key factors that led to major discoveries like New Found Gold's Keats zone and Kirkland Lake's Fosterville mine in Australia. The goal is to pinpoint targets with similar potential.

Modern exploration technologies are also being utilized, such as Alpha IP resistivity surveys. As Swinoga explains, this helps identify subsurface structures favorable for hosting gold mineralization. It provides another layer of evidence to rank their most prospective drill targets.

Initial assays from the Titan project are expected shortly, where historic drilling by another company intersected high-grade gold. However, the primary focus is now on their new claims. Swinoga estimates 80% of efforts will be directed at the Bullseye project starting in early 2023. He calls it a potential "game changer" for the company.

The plan is to aggressively explore these claims, with drilling possibly starting as soon as February. The goal is to delineate an initial resource estimate by year-end. Upon discovery, the company plans to deploy additional drill rigs to accelerate their program.

Despite the excitement around these new claims, Exploits Discovery still holds a large portfolio of projects along other prospective fault corridors. This includes their Dog Bay project to the north of Appleton. While deemed non-core currently, they plan to seek joint venture partnerships or option agreements to advance these assets without excessive capital outlay.

Prudent financial management is a priority for company leadership. They currently hold over $10 million in cash reserves - providing a substantial runway. Moreover, supportive major shareholders like mining veteran Eric Sprott validate the company's potential.

As needed, additional capital can be raised through flow-through share offerings. This avoids excessive equity dilution while benefitting from Canadian tax incentives for exploration spending. The next raise is planned for early 2023 to support drill programs.

Critically, Exploits Discovery has assembled an impressive Newfoundland-based technical team. Dave Groves, a globally recognized geologist, helped build their proprietary regional exploration model. Other local experts with government and university ties provide crucial insights.

According to Swinoga, having an inspired local team committed to the company's success is invaluable. They intimately understand the unique geology and how to efficiently operate in the province. Their passion comes through clearly when describing the potential of projects like Bullseye.

Exploits Discovery has positioned itself at the forefront of this modern-day gold rush in Newfoundland through a combination of strategic land acquisition, methodical exploration, financial prudence and a talented localized team. With assays imminent and drilling set to commence shortly thereafter, they are poised to generate substantial shareholder value in 2023. Investors keen on leveraging this emerging gold district would be wise to keep a close eye on this promising junior explorer.

The Investment Thesis for Exploits Discovery

• Strategic land position along the key Appleton Fault zone, surrounded by major discoveries
• Systematic exploration technique combined with modern geophysics to pinpoint high-potential drill targets
• Experienced management team with a track record of success
• Strong technical team on the ground with specialized local expertise
• Aggressive drill program planned for new Bullseye claims, partially funded via flow-through financing
• Plan to delineate initial resource estimate in 2023 with multiple rigs, upon initial discovery
• Large prospective land package provides optionality for joint-venture partnerships
• Supportive institutional investor base, including veteran mining investor Eric Sprott
• Opportunity to capitalize on the Newfoundland gold rush and create substantial shareholder value