Exploits Discovery Corp

UPDATE -JULY 29 2023
According to Jeff Swinoga, the 3D Seismic Survey being done by New Found Gold will cover a portion of Exploit Discovery’s ‘Bullseye’ property. See here and see image below: https://www.linkedin.com/posts/newfound-gold-corp_crescat-gets-activist-on-gold-silver-127-activity-7084154298061766656-o_Gt/

The image of the area covered by the seismic survey in the June 26, 2023 press release from New Found Gold indicates the seismic survey will cover a large portion of the property staked by Exploits last year that includes the Bullseye target area. A red circle indicating the general area that includes the Exploits property has been added by a representative of New Found Gold. See original image and press release here: https://newfoundgold.ca/news/new-found-provides-update-on-industry-leading-3-d-seismic-survey-at-its-queensway-gold-project/

According to Quentin Hennigh’s comments the New Found Gold seismic survey will be completed by late September 2023. And, according to a representative of Exploits Discovery, Exploits should at least receive the raw data from the seismic survey done over the Exploits property. Hennigh said the New Found Gold seismic survey will provide a number of excellent targets for New Found Gold, as it did for Kirkland Lake regarding its’ Fosterville discoveries in Australia.

Provided that this data from the seismic survey is provided to Exploits Discovery, Exploits should be able to derive excellent data for targeting at Bullseye as well.

New Found Gold owns 10% of Exploits Discovery.

As of July 28, 2023 the Exploits Discovery market capitalization is $12.326 million in US Dollars.

END UPDATE -JULY 29 2023

Exploits Discovery
US Symbol NFLDF
Canadian Symbol NFLD

Exploits Discovery Corp has a 100% interest in 7 highly prospective properties in Newfoundland. The company has the largest land package in Newfoundland.

Newfoundland is the current scene of a modern day gold rush. There are over 30 companies exploring or preparing to explore on the island.

Exploit’s has a 100% interest in 7 properties

Cash Position: $10m CND (Feb 02 2023)
Debt – None

Exploits Discovery’s current primary focus in first half of 2023 is newly staked ‘Bullseye’ property.
Drilling is expected to start this month, in February of 2023.
First assays are expected as soon as 8 weeks later.

Some numbers for comparison:

Market Cap (as of Nov 26 2021) = $58 million
Market Cap (as of Feb 03 2023) = $22.8 USD million

52 Week High/Low (as of Nov 26 2021) = 0.19/1.35
52 Week High/Low (as of Feb 02 2023) = 0.09/0.36

Price at Close on Nov 26 2021 = 0.45 cents
Price at Close on Feb 02 2023 = 0.21 cents in USD

Shares Outstanding (NOT fully diluted) 118,344,136 (Feb 02 2023)
(Warrants and options have average strike prices between 0.65 cents and 0.68 cents)

Major Shareholders
Eric Sprott owns 19%
New Found Gold owns 10%

Eric Sprott has made repeated investments in Exploits Discovery, as recently as December of 2022.

Here is a synopsis of Exploits Discovery Private Placements (CDN) since 2021

2021

Feb 2021 $4m 0.45 cents per unit
Unit = 1 share / 1 warrant
Warrant exercise @ 0.67 – Expires 24 months

Mar 2021 $2.9m 0.49 cents per unit
Unit = 1 share / 1 warrant
Warrant exercise @ 0.67 – Expires 24 months

Apr 2021 $4.1m 0.50 cents per unit
Unit = 1 share / 1 warrant
Warrant exercise @ 0.67 – Expires 24 months
ALL SPROTT
Sprott’s 1st investment in Exploits

May 2021 $8m 0.60 cents per unit
Unit = 1 share / 1 warrant
Warrant exercise @ 0.70 – Expires 24 months
1/2 SPROTT
1/2 NEW FOUND GOLD

Jul 2021 $6.8m $1.00 per share (all shares)
ALL SPROTT

Dec 2021 $3m 0.50 per share (all shares)

2022

Aug 2022 $1.5m 0.18 per share (all shares)

Nov 2022 – Exploits Claims Bullseye

Dec 2022 $4.4m 0.27 cents per share (all shares)
Originally for $4m but increased to $4.4m
SPROTT did $1m

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