Newfoundland Discovery Corp. announced that a 1,000-line kilometre airborne Triaxial Gradient Magnetometer (MAG) survey has commenced on its 100% owned Maxwell gold property (Maxwell) in the Chapais-Chibougamau area of Quebec. The MAG survey will cover the entire 9,400-hectare property.

Maxwell is a project that the Company entered into an option agreement with Gitennes Exploration Inc. to acquire up to an 85% interest in on November 3, 2022. The project is situated between two of Iamgold Corporation's properties with the Monster Lake high grade gold property six km to the east. Maxwell has several occurrences of gold in both the fine and heavy fraction of glacial tills and the gold in tills is associated with mapped structures.

The structures are northeast trending, similar to Iamgold's Nelligan property. Maxwell has seen very little exploration and several EM geophysical anomalies remain untested.