Newfoundland Discovery Announces Leadership Transition

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Vancouver, British Columbia–(Newsfile Corp. – June 8, 2022) – NEWFOUNDLAND DISCOVERY CORP. (CSE: NEWD) (OTC Pink: NEWDF) (FSE: M4K) (“Newfoundland Discovery” or the “Company”) is pleased to announce the appointment of Mr. Jeremy Prinsen as President, Chief Executive Officer and Director of the Company.

Outgoing President and CEO Blair Naughty comments, “I have enjoyed leading Newfoundland Discovery, where we have been successful in assembling several very promising properties in Quebec and Newfoundland. Many of these properties have been tightly held by prospectors where they have advanced them to the point now that they are ready to see an abundance of work done this season. We have spent a lot of time searching our network for someone who can take the reins of the business and Jeremy Prinsen has stood out as an ambitious, driven, ethically driven, and well-connected young individual who possesses many of the qualities I have seen in successful leaders with whom I have worked and around me during my career. He has dedicated his time, all of his energy and dedication to being a great CEO for our shareholders here. We have just returned from a trip to Newfoundland where we visited all the properties, met the sellers and met with consulting geologists for an in-depth review of the entire portfolio. We have plans in place for several upcoming work programs across the portfolio. It has been a pleasure for me to be a part of building this business and, as a significant shareholder, I look forward to watching, supporting and mentoring Jeremy as he takes over and continues to run our race. “

About Mr. Jeremy Prinsen

Mr. Prinsen has 10 years of experience within the capital markets in a variety of roles including investor relations, public relations and corporate development. He has a background in construction management for companies such as Encana (which was Canada’s largest energy company, now known as Ovintiv), Pembina Pipeline Corp. and Canadian National Resources Ltd. (CNRL).

Mr. Prinsen said, “I have been a long-time shareholder of Newfoundland Discovery. I have been impressed with how the company has accumulated a portfolio of high potential exploration properties. This is what first attracted me as a shareholder. . Blair Naughty gave me the confidence to dedicate my life to building this business. I look forward to leading the company through its exploration activities with the primary goal of making discoveries and delivering shareholder value.

Appointment of the Secretary General

In addition, Ms. Kelly Pladson has been appointed Corporate Secretary, replacing Mr. Glen Wallace, who will remain the Company’s Chief Financial Officer.

The Company would like to thank Mr. Blair Naughty for his services as President, Chief Executive Officer and Director of the Company and for his continued support of the Company. The Society wishes him good luck in his many projects.

About Newfoundland Discovery Corp.

Newfoundland Discovery is a junior Canadian mining exploration company focused on exploration and development along the Detour Gold Trend in Quebec and the Central Gold Belt in Newfoundland and Labrador. The Company is one of the largest claim holders in the Detour Corridor and maintains significant land holdings in Newfoundland.

On behalf of the Board of Directors,

Jeremy Prinsen
President, CEO and Director

Investor Relations
E-mail: [email protected]
Direct line: (604) 440-8474

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

Forward-looking statement
This press release may contain certain “forward-looking statements”. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied. understood by the forward-looking statements. research statements. Any forward-looking statement speaks only as of the date of this press release and, except as required by applicable securities laws, the Company disclaims any intention or obligation to update any forward-looking statement, whether as a result of future or other new information, events or results.

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