b'GOLD MINES PAMOUR MINE (PORCUPINE OPERATIONS) RAINY RIVER MINEDiscovery Silver Corp.Porcupine Operations New Gold Inc. gold produceropen pitgold producerunderground, open pitMailing Address55 University AvenueMailing Address5967 Highway 11-71, P.O. Box 5Suite 701Emo, ONP0W 1E0Toronto, ONM5J 2H7Tel: (855) 482-0900Tel: (416) 613-9410 Websitewww.newgold.comWebsitewww.discoverysilver.com Mine ManagerGord Simms, General ManagerMine ManagerDawid Pretorius, Mine General Manager,Production Rate21,000 tonnes per day (mill capacity)Porcupine Mines Operations Production2021234,469 ounces of gold and Production Rate9,600 tonnes per day (Porcupine Mines611,433 ounces of silverOperations combined), 9,979 tonnes per2022229,822 ounces of gold and day (mill capacity) 402,964 ounces of silverProduction2021103,524 ounces of gold2023253,745 ounces of gold and 2022115,859 ounces of gold472,018 ounces of silver 2023120,046 ounces of gold 2024225,694 ounces of gold and 2024284,000 ounces of gold517,042 ounces of silver 2025222,000 ounces of gold 2025280,000 ounces of gold (estimate for Porcupine Mines(management projection)Operations combined) Resources88,009,000 tonnes graded at 1.20 g/t Resources111,500,000 tonnes at 1.73 g/t gold,gold and 3.60 g/t silver, containing containing 6,200,000 ounces of gold3,420,000 ounces of gold and (Measured and Indicated10,108,000 ounces of silver (Measured December 2024 for Porcupine Minesand IndicatedDecember 2024)Operations combined) 7,663,000 tonnes graded at 1.62 g/t 67,900,000 tonnes at 1.50 g/t gold,gold and 3.68 g/t silver, containing containing 3,400,000 ounces of gold398,000 ounces of gold and 908,000 (InferredDecember 2024 for Porcupineounces of silver (Inferred Mines Operations combined) December 2024)Opened2026 Opened 2017Life of Mine2047 Life of Mine2033Employment764 full-time employees and 300EmploymentApproximately 800 employeescontract staff (for Porcupine MinesNotesThe Rainy River mine is located Operations combined)approximately 65 km northwest of Fort NotesDiscovery Silver completed theFrances, Ont. and includes both the acquisition of Porcupine Operationsmine and the Rainy River processing from Newmont on April 16, 2025. Theplant. Coeur Mining Inc. is currently Porcupine operations include the Hoylein the process of acquiring New Gold. Pond, Pamour and Borden Lake mines, asRainy River mine includes both open well as the Dome mill. Discovery Silverpit and underground mining. The Main suspended production at the Hollingerzone, which has historically been mined mine, part of the Porcupine Operations,from the open pit, began production in mid-2024. As of September 30, 2025,from underground alongside the Porcupine Mines have produced 113,706Intrepid zone. Work is ongoing to extend oz for this year at a head grade of 2.96the open pit mine life by expanding g/t Au. As of January 13, 2025, Porcupinethe NW Trend. The Phase 5 portion of had a total Measured and Indicatedthe open pit is expected to begin in Resources of 69.67 Kt at a grade of 1.762026. During the first three quarters g/t for a total of 3,932 Koz. In 2025,of 2025, Rainy River produced 195,813 Discovery ran an extensive explorationgold ounces. Guidance for 2025 has project and completed 85 holes, totallingan expected production of 265k-295k 27,641 m, in Pamour, Hoyle Pond, Bordengold ounces, at a AISC of US$/oz 1250-and Owl Creek (3 km west of Hoyle1350. Coeur Mining Inc. entered into a Pond). The results of this program havedefinitive agreement to purchase New the potential to increase production fromGold Inc. and its assets on November 3, the Porcupine Complex significantly.In2025. The deal is expected to close in 2025, Discovery completed 32 holesthe first half of 2026. totalling 10,144 m at Pamour in areas within and surrounding the large open-pit resource at the property. The initial results showed continued mineralization.16ONTARIO MINING AND EXPLORATION DIRECTORY AND RESOURCE GUIDE 2026'