New Found Gold Corp.

New Found Gold holds a 100% interest in the Queensway Gold Project, located in Newfoundland and Labrador, a Tier 1 jurisdiction with excellent infrastructure and a skilled local workforce. The Company has completed an initial MRE and PEA at Queensway (see New Found Gold news release dated March 24, 2025 and July 21, 2025). Recent drilling continues to yield new discoveries along strike and down dip of known gold zones, pointing to the district-scale potential of the 175,450 ha project that covers a 110 km strike extent along two prospective fault zones.

• The Company as completed an initial mineral resource estimate (MRE) and preliminary economic assessment (PEA).
• Doubled vertical depth extent of Au system with deep drilling.
• Keats Main and Iceberg Zones uncovered through trenching with channel sampling completed at Keats and planned for Iceberg in Q2/25.
• Positive metallurgical test results for Keats, Iceberg, Lotto and Golden Joint.