Mr. Ian McDonald, an investor, reports

EARLY WARNING REPORT ISSUED PURSUANT TO NATIONAL INSTRUMENT 62- 103 ACQUISITION OF SECURITIES OF NEWFOUNDLAND DISCOVERY CORP.

This news release is related to the securities of Newfoundland Discovery Corp. Ian McDonald (the acquiror) has acquired 2,337,763 units of the company. Each unit comprises one common share in the capital of the company and one share purchase warrant. Each warrant is exercisable to acquire one additional share at a price of 12 cents per share for a period of four years months from the date of issuance.

The acquiror acquired the units pursuant to the terms and conditions of a debt settlement agreement dated March 3, 2026, between the company and the acquiror. The settlement agreement provided for the issuance of 2,337,763 units to the acquiror at a deemed price of nine cents per unit to settle $210,398.67 in debt owing to the acquiror.

Immediately prior to the debt settlement, the acquiror did not own any shares.

Following the debt settlement, the acquiror owns an aggregate of 2,337,763 shares, representing approximately 16.79 per cent of the shares on an undiluted basis. The acquiror also owns an aggregate of 2,337,763 warrants issued as part of the units, entitling the acquiror to purchase 2,337,796 shares. If the acquiror exercises all of his warrants, he would then own 4,675,526 shares, representing approximately 33.58 per cent of the issued and outstanding shares of the company on a partially diluted basis.

The acquiror acquired the units for investment purposes under an exemption provided under National Instrument 45-106, Prospectus Exemptions. The acquiror may, depending on market and other conditions, increase or decrease his ownership of the company's securities, whether in the open market, by privately negotiated agreements or otherwise, subject to a number of factors, including general market conditions and other available investment and business opportunities.

For further information, or to obtain a copy of the early warning report filed under applicable securities laws, please contact Mr. McDonald at 604-689-9111.

Newfoundland Discovery's office is located at Suite 700, 838 W Hastings St., Vancouver, B.C., V6C 0A6. A copy of the early warning report with respect to the foregoing will appear on Newfoundland Discovery's profile on SEDAR+.